The Portland daily press., 1864-10-07

FINANCIAL.
U. S. 7-3O LOAN.

The Secretary Of the Treasury gives notice tina,
subscriptions will be received for Coupon Treasury
Notes, payable three years from August Is, 1864,
with semi annual interest at the rate of seven and
three.tenths per cent per rannum,-prncipal and in.
terest both to be paid in 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 will be issued in denominations OF
nity, one hundred, five hundre d. one thousand, and
hVe tneusand dollars, and all subscriptions must
be for fifty dollars, or some multiple of fifty dol
lars.
The notes will be transmitted to the owners free Of
transportation charges after the receipt OF
the original Certificates of Deposit as they can be
prepared. io & {iA 9iis asoea SOB sI.t
As the notes draw interest from August I5 persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date of de-
posit. "a 3 Vh4e s8@5
Parties depositing twenty-five thousand dollars
and upwards for these notes at any time willbe
allowed commission OF one-qnarter Of one per
cent. aA s9a 5eaH9 ,0a 30 aH
Special Advantages Of this Loan.
1t is a National Savings Bank Offering higher
rate Of interest than any other and the best secrs.
to-. Any savings bank which pays its 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 own assets aSe either
in Government securities in notes or bonds pay.
able in Government paper.
1t is equally convenient as temprary or perrna.
nent investment. The notes can always be sold for
within fraction Of theif face and accumulated in
erest and the best security with banks as colat
erals for discounts 9sFl sdE g5gs
Convertible into a 6 per cent $40 Gold Bond.
In addition to the very liberal interest on the
notes three years. this privilege of conversion is
now worth about three per cent per annum for the
current for $40 Bonds is not ess than nie per
cent premium. and before the war the premium on
six per cent. u s. stocks twenty per cent
1t will be that the actual profit ON this loan at
the present market rate is less than per cent
per annum.
Its Exemption from State or Municipal
t-. Ea Taxation.
But aside from all the advantages we have enum.
Grated, special Act of Congress erempts all bonds
and treasury notes from local tGTatioa. On the
average, this exemption is worth about two per
cent. Ger annum, according to taxation in various
parts of the country.
1t s oelieVef that no securities oner so great IN.
ducements to lenders those issued by the Govern
ment. In all other forms of Indebtedness, the
faith ability of private parties, stock compan
les, separate communities only, is pledged forpay
ment, while the whole property of the country is
hed to secure the discharge of all the obligations OF
the United States. ~ ~ trsol ~
Whilethe Government offers the mostliberal terms
its loans, believes that the very strongest ap.
peal Will be to the loyalty and patriotism ofthe peo.
pie. lts
Up to the oath of September, the subscriptions to
this loan amounted to oyer