Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-06
q. 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, 1854,
with semi annual interest at the rate of seven and
thrse-tenths per cent. per annum-principsl and
interest both to be paid in lawful money.
Tbese notes will be convertible at the option Of
the holder at maturity into six per cent gOld-bear-
ing bonds, payable not less than five nor more than
twenty years from their dste, as the Government
may elect. They win be issued in denominations of
$50 500. $500 900 and s. OoO and oil Euhscrip-
tiOns must be for fifty dollars or some multiple OF
fifty dollars. f--t
The notes will he transmitted to the owners free
Of oftranspOrtatiOn charges as soon after the receipt
of the original Certificates Of Deposit as they can
be prepared. 7J .re-
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 date
of deposit.
Parties depOsiting twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission Of one-quarter of one per
cent, which will be paid by the Treasury Depart
ment upon receipt of bill for the amount, Certified
to by the officer with whom the deposit wus made.
No deductions for commissions must be made from
the deposits. a-
Special Advantages OfthiS Loan
Irm a NATIoHAL SAVINGS BAEK, offering higher
rate of interest than any other, and de Ossi security.
Amy savings bank which pays its depOsitOrs in o.
s Notes. considers that it Is paying in the hest cir
culatiug medium of the country, and it cannot pay
in anything better for its own assets are either in
government securities or in notes or bonds payable
in government paper.
1t is equally convenient as q temporary or per-
manent investment. The notes can always be sold
for within fraction Of their fece and accumulated
Interest, and are the best security with banks as
ooIlateraIs for discounts. -a-'- =
Convertible into Six per Cent, 5-9O
I Ta4Eli ll Gold Bond. .-g--
In addition to the very liberal interest on the
notes for three years. this privilege of conversion
now worth about three per cent per annum, for the
current rate for $50 Bonds is not less than nine PEI
osni. rrsmflui; and before the war the premium Oh
six per cent o. s. stocks was over twenty per cent
It viii be seen that the actual profit on this loan
at the present market rate, is not less than ten per
cent. per annum. r.,... .-. ....---.r i.
pal Taxation. 1.r. brr
But aside from all the advantages we have emu
mersted, special Act of Congress ersApts all bonds
and TFsaSu votes from Ioea. tasqtion On the aver
age, this exemption is ~O5th about two per cent.
per annum, according to the rate of taxation in va
riOus parts of the country. 1dy E "a
1t is believed that no securities Oer so great In
ducoments to lenders as those Issued by the govern
ment. In al other forms of Indebtedness, the faith
ability Of private parties, or stock companies,
separate communities, only is pledged for pay
msnt, while the whole property of the country is
held to secure the discharge of all tho obligations
fthe United States r - [-
While the government Offers the most libera
terms for its lOans it believes that the very strong
est appeal viii be to the loyalty and patriotism OF
the people. laas.
SUBSCRIPTIONS WILL Be REcErvED by the Treasurer
Of the United States, st. Washington, the several
Assistant Treasurers and Designated DepOSitariss,
and BY the i-lV sd tel s7
First National Bank OF Cleveland. o.,
Second National Bank IS
and all National Banks which are depOsitaries Of
public money, and
RESPECTABLE BANKS AND BANKERS
tthrOughOut the country win give further infOrma.
DION and ~ 5-- s-,.,.----
AFFORD EVERY FACILITY TO osUBsoRIBERs.
aug22:1e9 i. .tt. ~.