Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-09-30
U. S. 7-3O LOAN .

The Secretary Of the Treasury gives motto
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug
18th, 1864, with semi-annual interest, at thu
rate of seven and three-tenths per cent. per an
num--principal and interest botho to be paid Il
lawful money.
These notes will be convertible at the option
of the holder at maturity, into six per cent gold
bearing bonds, payable not less than five nor
more than twenty years from their date, as the
Government may elect. They VIII be issued in
denominations of $50, 800, $500, 81 900 and
81, 900. and all subscriptions must be for fifty
dollars, or some multiple of fifty dollars.
The notes will be transmitted TO the owners
free of transportation charges as soon after the
receipt ofthe original Certificates Of Deposit as
they can be prepared.
AS the notes draw interest from August 18th,
persons making deposits subsequent to that
date must pay the interest accrued from date of
note to date Of deposit.
Parties depositing twenty-five thousand dol
lars and upwards for these notes at any one
time, will be allowed commission of one
quarter of one per cent, which will be paid tv
tho trooeur,, darort,,ort ,,ra,, a., .,co;r,t ~ n
bill for the amount. certified to by the officer
with whom the deposit was made. No deduc-
tons for commissions must be made from the
deposits.
Special advantages Of this Loan.
IT is NATIONAL SAVINGS BANK, offering a
higher rate of interest than any other, and the
BEST security. Any savings bank which pays
It's depositors in U. s. Notes. considers that it is
paying in the best circulating medium of the
country, and it CANNOT pay in anything better,
for its own essets are either in Government Sc
curitics or in notes and bonds payable in Gov
eminent paper.
1t is equally convenient as temporary ori
permanent investment. The notes can always
be sold for within fraction Of their face and
accumulated interest, and are the best security
with bancs as collaterals for discounts.
Convertible into Sir per cent. $40 Gold Bond
In addition to the very liberal interest on the
notes for three years, this privilege of CONVEX
sion is now worth about three per cent. per an
mum, for the current rate of 5-20 Bonds is not /
less than nine per cent. premium, and before
the war the premium on six per cent U. s. |
stocks was over 20 per cent. 1t will be seen
that the actual profit on this loan TT the present
market rate, Is not less than ten per cent. per
annum.
rs Exemption from state or municipal Taxation.
But aside from all the advantages we have
a ssccial act of Congress erenlpts
Ill Bonds and treasury notes from local taxa
lion. On the average, this exemption is worth
about two per cent. per annum, according to
he rate of taxation in various parts of the
country.
1t is believed that no securities offer SO great
inducements 10 lenders as those issued by the
government. In all other forms of indebted
ness, the faith or ability Of private parties, or
took companies or separate communities only, 4:
S pledged for payment, while the whole pro-
,crty Of the country is held to secure the dis
,harge of all the obligations of the United
States.
While the government offers the most liberal
erms for its loans, it believes that the very {
trongest appeal will be to the loyalty and pat
iotsm of the people.
Duplicate certificates will be issued for all de- 4
'osits. The party depositing must endorse up 5
N the original certificate the denomination of
totes required, and whether they are to be is A
ued in blank or payable to ORDER When so
ndorsed it must be left with the officer receiy-
ne the deposit to be forwarded to the Treas
ny Department.
SUBSCRIPTIONS win be received by the Treas Ia
rer of the United States, at Washington, the b
oyeral Assistant Trcasurers and designated De- >
and by the n
First National Bank of Bennington, VT,
First National Blk Of North Bennington, Vt,
Brandon National Bank of Brandon, VI, e
FIRST National Bank Of Springfield, W.T. ?
First National Bank Of st. Adams, VT, 4
nd by all National Banks which are dcposita- d
les ofpubiie money, and lp
HI Respectable Baaks and Bankers :.
the country will give further in- u
lrmation, and
lBord ercry Facility 10 Subscribers. /
Sims