Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-11-09
TT, s, 7-oO LOAN.

u, ~. f-OU LOAlN.
The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasu-
ry Notes. payable in three years from August Is,
1854 with semi-annual interest at the rate of sew
en- and three tenths per cent per annum-princi-
pal and interest both t. be paid in Lawful mo oney
Tbese 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 Govern
ment may elect They will be issued in denomi
nations of $50, Sl0O. $500, $1,000 and SIS 900, and
subscriptions must be for fifty dollars or some
multiple of fifty dollars
The notes will be transmitted to the owners
free of transportatio n charges as soon after ths
receipt of the original certificates OF deposit
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 deposting twenty five thousand dollars
and upwards for these notes at any time will
be allowed commission Of one quarter of one
per cent, which will be paid by the Treasury
Department upon a receipt for the amount, certi-
fed to by the officer with whom the deposit
made No deductions for commissions must be
made from the deposits.
Special advantages Of this Loan.
It Is National Savings Bank offering a high
or rate of interest than any other, and TIE Bssr
SECURITY, Any savings bank which pays its de-
positors in L 5. Notes considers that il is paying
in the best circulating medium of the country,
and il cannot pay in anything better, for its own
assets either government securities in notes
or bonds payable il. government paper.
1t is equally convenient n temporary CT per
manent investment. The notes can always be
sold for within fraction of their face and accu-
mulated interest, and the best security with
banks as cellaterals fer discount
Convertible into Six per cent. 5-20
GOLD BoSD-Tn addition to the very liberal In
terest the notes for three years, this privilege
Of conversion is worth about three per cent.
per annum for the current rate for $40 Bonds ID
not less than NINE PER CENT. PREMIUM, and before
the the premium on six per cent. U S. stocks
was over twenty per cent II will be seen ths
the actual profit on this loan, at the present ma
ket rate, is not less than ten per cent per ~
It's exemption from State and NUM-
CIPAL TAxAuoN.-But aside from all the advanta-
ges we have enumerated, a special Act of Con-
gress EXEMpFS ALL bonds and Treasury notes from
local taxation. On the average, this exemption
is worth about two per cent per annun, accord
ing to the rate Of taxation il various parts Of
the country.
1t is believed that no sec Irities offer go great
inducements to lenders those issued by the gov
ernment. In all other forms of indef edness tho
faith or ability of private parties, eck compa-
MES or seperate communities, only is pledged
for payment, while the whole pro perty of the
country is held to the discharge of all tho
obligations of the United States
While the government offers the most liberal
terms for its Loans, it believes that the very
strongest appeal viii be to the oyalty and pstri-
otism of the people.
Duplicate certificates will be issued for ail de-
posits. The party depositing must endorse upon
the ORIGINAL ce rtIfcate the denomination of
required and whether tho are to be issued in
blanF or payable to order. When so endorsed il
must be left with the officer receiving the deposit
to be forwarded to the Trossu Department
Subscriptions viii be eceved by the Treasurer
of the United States at u ashington; the several
Assistant Treasurers and Designated Depositarss,
and by the
First Nationa Bank of Altoona,
and by all National .nks which are depositdries
of public money. an ALI RESPECTABLE BASKs
AND BANKERS throughout the country will give
further information and ord every facility 10
subscribers. September 81, 1894 2.r