The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-08-23
U. S. 100 LOAN.

The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes. payable three yeas from August Is, 1864.
with semi annual interest the rate OF seven and
thrce-tenths per cent per annum,-princpal and in
terest both to be paid in lawful money.
These notes will be convertible at the option ofthe
holder at maturity, into six per cent gold bearing
bonds, payable not less than Ave than
twenty years from their date. as the Government
may elect They will be issued in denominations Of
hfsy, one hundred. Eve hundrtd, one thousand, and
i've thousand dollars. and all subscriptions must
be for fifty dollars or some multiple of ATTY dol
lars.
The notes will be transmitted to tbs owners free Of
transportation charges rs soon after the receipt OF
the original Certificates Of Deposit as they can be
prepared.
As the notes draw interest frcm August 49, persons
making deposits subsequent to that date must pay
the interest accrued from date OF note to date Of de-
posit.
Parties deposting twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission of one-qnarter of one per
cent, which will ba-paid by the Treasury Depart
ment upon the receips Of bill for tho amount. GER
tiled to by the ofncer with whom the deposit vas
made. No deductions for commissions must be
made from the deposits.
Special Advantages of This Loan.
His a National earrings Bank. cfsIing higher
rate of interest than any Other and sAs best scar
~. Any savings bank which pays its deposltors in
u 8. Notes, considers that 1t Is paying in the best
circulating medium of the country. and /, eaAnOt
pay in anything better for its assets are either
in Government securities or in notes or bonds pay
abe in Government paper.
Its equally convenient Is temprary or psrma.
neat Investment. The notes can always be sold for
within fraction Of their face and accumulated in
tsrsst and the best security with banks as eolat
erals for discounts.
Convertible into 8 per cent. $40 Gold Bond.
In addition to the very liberal interest on the
notes for three years, this privilege Of conversion is
now worth abou. three per cent per aanum. for the
current rate for $50 Bonds Is not lees than nine per
cent premis~. and before the war the premium on
six per cent u. S. stocks were over twenty per cent
II viii be seer that the actual profit on this Loan
the present muket rse is notices than tea per cent
per AMMAN
Its Exemption from State or Municipal
Taxation.
But aside from all the advantage. we have enum-
Grated Especial Act OF Congress ezemp,s all bonds
and treasury aotes from local tarafion. On the
average. this exemption ia worth about two per
cent. or ann1m. according to taxation in various
parts OF the country.
1t is believed that no securities Offer so Great in
dueemenis to lenders as those issued by the Govern
ment. In all other forms Of Indebtedness. tie
faith orability Of private parties or stock eomDan
les or separate communities only is pledged forpay
ment. while the whole property of tse eOuntryis
he'd to secure the discharge all the obligations Of
the United States.
While the Government offers the ostliberal terms
for its loans IL believes that the very strongest APP
peal will be the loyalty and patriotism the peo-
pie.
Subscriptions iriH be rscersd by the Treasurer OF
the United States at Washington. the several As
ss,ant Treasurers and designated Depositaries. and
by the
First National Bank OF Portland, Maine.
and b. all National Banks which are Depositaries
o; public money. and all respectable Banks and
Bankers Throughout, the country will give further
Information. and afford every facility to subscribe.
Aug 2o-dAwzm