The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-10-26
s. $50 Loan.

u. 8. $50 Loan.
The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes. payable three years from Aug.
10th, 1854, with semi-annual interest al the
rate of seven and three-tenths per cent. per
annum.-principal and interest both to be
paid in lawful money.
These notes will be convertible,at the option
of the ho'dc al m tturity, into six per c mt.
gold bearing b"nfs, payable not less than five
nor more th' n 'wenty years frcn heir date,
as the Cove ameDt may elect the will be
issued in denominations Of 5 SIG $500
ST. 900 ard S5,O'O, ard all u, nj ii smnst
be for fifty dollars or scme IN LII of fifty
dollars.
The netes will be transmitted to the owners
free of transportat, on charges as soon after
the receipt of the orr iaal Certificates as they
can be prepared
As the notes draw interest fir ON August Is
persons making deposits subsequent to that
date must pay the interest accrued from date
of note to date of deposit.
Parties depositing twenty five thon- and dol
lars and upwards for these notes at any time
will be allowed a commission of one-quarter
Treasury Department upon the receipt Of q
bill for the amount, certified to by the officer
with whom the deposit was made NO deduc
tions for commissions must be u ade from the
deposits.
SPECIAL ADVANTAGES OF THIS
LOAN.
IT IS A NATIONAL SAVING BANK, offering a
higher rate of interest than any other, and
the best security. Any saving bank which pays
its depositors in u 5. Notes, consider that it
is paying in the best circulating medium OF
the country, and it cannot pay in anythir &
better, for Its own assests are either in goverps
ment securities or in notes or bonds payable
in government paper.
1t is equally convenient as q temporary or
perman ent investment. The notes can always
be sold for within a fraction of thpiI face and
accumulated interest. and are the best security
with banks as collaterals for discounts.
convertible into a Six per cent. 500
I'D Bond.
In addition to the very liberal interest on
the notes for three years. this privilege of con
version is now worth about three per cent. per
annum, for the current rate for 5 20 Bonds l.
not less than nfne per cent. premium, and before
the war the premium on six per cent. o. 5
stocks was over twenty per cent. 1t will be
seen that the actual profit on this loan, at TIE
present market rate, is not less than zen pc
cent. Fer anDum.
Exemption from State or MUM
cipal Taxation.
But aside from all the advantages we have
enumerated. a special Act of Congress exempy
all bonds and treasury notes from focal taxation
On the average. this exemption is worth about
TWO per cent. annu u, according to the rate
OF taxation in various parts of the country.
1t is believed that no securities offer so grea
induce 9. ents to lenders as those issued by the
government In all other forms of indebted
ness, the faith or ability of priaate parties, o.
STOCK companies, or separate communities
only. is pledged for payment. while the whole
of the country IS held to secure the
discharge of all the obligations of the United
States.
e the government offers the most liber
for its loans. it believes that the VI
est appeal will be TO the loyalty and pa
rictism of the people.
Duplicate. certificates will be issued for all
deposits. The party depositing must endorse
upon the original certificate the denominaticn
of notes required, and whether they are to be
issuld in blank or payable to order. When
so endorsed it must be left with the officer re-
ceiving the deposit, to be forwarded to the
Ire sury Department.
SUBsCRIPTItN ) WILL BE RECEIVED by the
Treasurer of the United States, at Washing
ton, the several Assistant Trea$urers and des-
Ignatei Depositaries, and by the
FIRST NATIONAL BANK OF
ASHLAND OHIO
and by all National Banks which are deposita
ries of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further in
formation and
AFFORD EVERY FACILITY TO SUBsCRI
BEERS.
august 17th,-n11tf.