Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-09-02
u. S. 7-3O LOAN.

| The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes payable three years from Aug 18TH 1871 with
emi-annua interest at the rate of and three
tenths per cent per annum,--princpal and interest
both to be paid in lawful money.
The notes will be convertible at the option of the
holder at maturity, into six per cent gold barring
bonds, payable not less than FIVE more than
twenty years from their date, the Government
may elect. They will be issued in denominations of
$50, 800, $780, 900 and $5,ooO and all subscrip-
tons must be for fifty dollars or some multiple of
fifty dollars.
The notes will be transmitted to the owners free
of transportation charges soon after the receipt
of the original Certificates of Deposit as they can
be prepared
As the notes draw interest from August IS, per-
! sons making deposits subsequent TO that date must
pay the interest accrued from date of note to d:te
of deposit.
Parties depositns twenty-five thousand dollars
and upwards for these notes at any time will be
allowed q commission of one-quarter of one per
cent which will be paid by the Treasury Depart
ment upon the receipt of bill for the amount,
tilted to by the officer with whom the deposit
made. No deductions for commissions must be
made from the deposits.
SPECIAL ADVANTAGES OF THE LOAN.
IT IL A NATIONAL SAVINGS BANK, offering u
higher rate Of interest than any other and the best
security. Any savings bank which pays its deposit
tors in L. s. Notes. considers that it is paying In the
best circulating medium of the country, and it can
not pay in anything better, for its own assets are
either in government securities in notes bonds
payable in government paper
1t is equally convenient us temporary or per.
manent investment. The notes can always be sold
for within fraction of their face and accumulated
interest, and the best security with banks col
laterials for discounts.
Convertible into six per cent $40 gold bond.
In addition to the very liberal interest the
notes for three yeors this privilege of conversion is
now worth about three per cent per annum for the
current rate for $50 Bonds is not less than nine per
cent. premium and before the the premium on
six per cent. u. S. stocks twenty per cent
1t will be that the actual profit this loan at
the present market rate is less than per
per annum.
Its Exemption from State or Municipal
Taxation.
But aside from all the advantages We have enunl.
Grated, special Act of Congress srenpts all bonds
and Treasury notes from local taxation. On the
average this exemption is worth about two per cent
annum, according to the rate of taxation in various
parts of the country.
1t is believed that securities offer great In
duceents to lenders as those issued by the govern
ment In all other forms of Indebtedness, the faith
or ability of private parties or stock companies or
Scperate communities, only. is pledged for payment
while the whole property of the country is held to
the discharge Of all the obligations of the
United States.
While the government offers the most liberal
terms for its loans, il believes that the very strong
est appeal will be to the loyalty and patriotism of
the people.
The party depositing must endorse upon the original
certificate the denomination of notes required, and
whether they to be issued in blank payable to
order When endorsed it must be left with the
officer receiving the deposit to be forwarded to the
Treasury Department.
SUBSCRIPTIONS Will. BIZ RECEIVED nv the Treas
nrer of the United States, at Washington. the
les, and by the
First National Bank of Augusta, Me.
First National Bauk Of Bangor, Me.
First National Bank of Bath, 3Ie.
First National Bank of Brunswick Me.
First National Bank of Lewiston, Ne.
First National Bank of Portland, Ne.
and by all National Banks which arc depositares
of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further Informal
ton and
AFFORD EVERY FACILITY TO 81 BSCRIBERS.