Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-08-25

scriptions must be for fifty dollars Or some
multiple Of fifty dollars.
The notes will be transmitted to the owners
free of TRANSFORMATION charges as soon after
the receipt of the original certificates of de-
posit as they can be prepared. AS the notes
draw interest from Augustus, persons making
deposits subsequent to that date must pay the
interest accrued from date Of note to date of
deposit. Parties depositing twenty-five thou
sand dollars and upwards for these notes at
a1y one time will be allowed Il commission OF
one-orartar ofonc per cent. which will be paid
bv the Treasury Department upon the receipt
Of I bill for tn: amount, certified to BY the Off
Ger with whom the deposit WAS made. No
deductions for commissions must be made
from the deposits.
Special Advantages Of this Loan.
II IS \ NATIONAL SAVINGS BANK, offering a
higher rate Of interest than any other, and
tie best security. Any savings bank which
nays its depositors in T. S. Notes, considers
that It is paving in the best circulating medi-
um of the country, and it cannot pay in any
thino better, for its own assets are either in
government securities or in notes or bonds
PAYABLE in government paper.
It is equally convenient as temporary or
permanent investment. The notes can all
wavs be sold for within fraction Of their
face ans accumulated interest, and are the
best security with banks as coilaterals for dis
counts.
Convertible into . Six per cent. $50
Gold Bond.
In addition to the very liberal interest on
the notes for three years, this privilege for
conversion is now worth about three per cent.
per annum for the current late for $40
Bonds is not less than nine per cent. premium,
and before the war the premium on six per
cent. U. S. stocks was over twenty per cent.
It 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 flozn State OF Municipal
Taxation.
II ,J1 Ia,
enumerated, q special Act Of Congress ere2npts
uU bonds and Treasury notes from loc@t tasa
tion On the average, this exemption IS worth
about two per cent. per annum, according to
the rate of taxation in various parts of the
country.
1t is believed that no securities offer so
great inducements to lenders as those issued
by the government. In all other forms of in
debtcdness, the faith or ability Of private
parties, or stock companies, or separate Gem
muaities, only, IS pledged for payment, while
the whole property Of the country is held to
secure the discharge of all the obligations of
the United States.
While the government offers the most libe-
raj terms for its loans, it believes that the
very strongest appeal will be to the loyalty
and patriotism Of the people.
Duplicate certificates will be issued for all
deposits. The party dcpositing must endorse
upon the original certificate the denomina-
ton of notes required, and whether they are
to be issued in blank or payable to ORDER
When so endorsed it must be left with the
officer receiving the deposit, to be forwarded
to the Treasury Department.
Subscriptions will be received BY the Treas
urer of the United States, at Washington, the
several Assistant Trcasurers and designated
Depositaries, and by the
First National Bank Of Janesviile, Wis.
First National Bank of Milwaukee, Wis.
First National Bank of Iadison, Wis.
First National Bank Of Monroe, Wis.
and bv all National Banks which are deposi-
taries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country will give further in
formation and
Afford eyery Facility to Subscribers.