The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-10-12

U. S. 7-3O LOAN.
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The Secretary of the Treasury gives no.
lice that subscriptions will be received for
Coupon Treasury Notes, payable three
years from Aug. 18Th, 1861, with semi
annual interest at the rate of seven and
three-tenths per cent. per aunum,-princi-
pal aud int rest both 10 be paid in lawful
money.
These notes will be convertible at the
option of the holder At maturilv, into six
per cent. gold bearing bonds, payable not
from their date, as The Government may
elect. They will be issued in %ecnomina.
lions of $50, 500, $500, 81 900 and IS 600,
aud all subscriptions must be for fifty dol
lars or some multiple OF fifty dollars.
The notes will be transmitted to tie
owners free of transportation charges as
soon after The receipt OF the original Ger
ilfirates OF Deposit as they can be prepared.
As the noles draw interest from August
18th. persons making deposits subsequent
to that date must pay the interest accrued
from date OF note 10 date OF deposit.
Parties depositing twenty five dollars
and upwards for these notes a. auy one
time will be allowed a commission Of one
quarter of one per cent which will be
paid by the Treasury Department upon
The receipt Of a bill ior the amount, cert
fed to by the officer with whom the de-
post was made. No deductions for COM
missions must be made from the deposits.
Special advantages of this Loan.
1t is a National Saving Bank, offering a
higher rate OF interest Than any other, and
The besl security. ANY savings bank which
pays lis depositors in u. S. Notes, considers
that it is pay ing in the best circulating me-
dium of The country, and ii cannot pay in
anything better, for It's own assets are eth
er in government securities or in
notes or bonds payable ia government
paper.
1t is equally convenient as a temporary
or permanent investment. The noles can
always be sold for within a fraction of their
face and accumulated interest, and are the
best security with banks as collalerals for
discounts.
Convertible into q Sic per cent $50
Gold Bond.
In addition 10 The vary liberal interest on
the notes for three years, this privilege of
conversion is now worth about three per
cent. per annum, for the current rate for
$40 Bonds is not less than nine per cent
premium, and before The war the premium
on six per cent. United States Stocks was
over tweHly per cent. II will be seen that
the actual profit on this loan, at the present
market rate, is not less than ten per cent.
per annum.
Its Exemption from State or Municipal
IdTati0n.
But aside from all the advantages we
have enumerated, a special act OF Congress
exempt all Bonds and Treasury Notes from
local Taxation. On the average, this ex-
smptiou is worth about Two per cent. per
annum, according TO The rate of taxation in
various parts oil the country.
Ii is believed that no securities offer so
gleat inducements to lenders as those issu-
ed By the government. In aIFother forms
of indebtedness, the faith or ability Of pri-
vale parties, or stock companies, or sepa-
rate communities, only, ia pledged for
payment, while the whole properly OF the
is held TO secure the discharge OF
all The obligations Of the United States.
While the government offers the mos
liberal terms for lis loans: il believes that
the very strongest appeal will be the loyalty
and patriotism oil the people.
Subscriptions will be received by the
of the United States, at Washing
Ion. The several Assistant TEeasureIs and
designated Depositaries, and by the
First National Bank
Of Bloomsbury. Pa.
All al Naliona1 Ranks Which are dsnnsi- |