Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-07
U. S. 7-sO LOAN.

The Secretary Of ths Treasury gives notice that
subscriptions viii be received for Coupon Treasury
Notes, payable three years from Aug. 18th, 1864,
with seuiannual interest at the rate of seven and
-tenths per cent. per annum-princiPal and
interest both to be paid in lawful money.
These notes VIII be convertible at the option Of
the holder at maturity into six per cent
ing bonds, payable not less than i've nor moro than
twenty years from their date, as the Government
may elect. They viii be issued in denominations Of
$50 500, $500 81 900 and s., 900, and all suhscriP
tions must he for fifty dollars or some multiple of
fifty dollars.
The notes will he transmitted to the owners free
of transportation charges as 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 date
of deposit.
Parties depositing twenty-five Thousand dollars
and upwards for these notes at any one time will be
allowed a commission of One-quarter of one per
ceot., 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 was made.
No deductions for commissions must be made from
the deposits.
Special Advantages Of this Loan
IT IsA NATIONAL SAVINGS BANK, offering higher
rate of interest than any other and s best security.
Any savings bank which pays its depositors in 0.
s. Notes, considers that it paying in the hest cir
oulatiug medium of the country, and it cannot pay
in anything better for its own assets either in
government securities OF in notes or bonds payable
in government pepper.
1t is equally convenient temporary or per
manent investment. The notes can always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks 81
colaterals for discounts.
Convertible into Six per Cent, 5-2C
Gold Bond.
In addition to the very liberal interest tht
notes for three years, this privilege of conversion is
now worth about three per cent. per annum, for tn
current rate for 20 Bonds is not less than nine pc
cent. preulirn; and before the war the premium Oh
six per cent U. s. stocks was over twenty per cent
1t will be seen that the actual pront this loan
at the present market rate is not less than ten pc
cent. per annum.
Its Exemption from State or Muniei
pal Taxation.
1 Rrf fran ali fba adv hava nm
merated, special Act of Congress erenpts all bond
and Treasury notes from local taxation. On the aver
age, this exemption is worth about two per cent
per annum, according to the rate of taxation in va
rious parts of the country.
1t is believed that no securities offer SO great in
ducements to lenders those issued by the govern
ment In all other forms of indebtedness, the faltl
or ability of private parties, or stock companies,
separate communities, only, is pledged for pay
ment, while the whole property of the country il
held to secure the discharge of all the obligation
the United States.
While the government offers the most libera
terms for its lOsns it believes that the very strong
est appeal will be to the loyalty aud patriotism
the people
SUBSCRIPTIONS WILL BE RECEIVED by the Treasure
of the United States, at Washington, the several
Assistant Treasurers and Designated Depositsries
and by the
First National Bank of Cleveland. O.
Second National Bank e {"
and all National Banks which ara depOsitaries Q
public money, and
RESPECTABLE BANKS AND BANKERS
tthrOughOut ths country will give further informa
Dion and
AFFORD EVERY FACILITY TosUBsoRTBERs
aus22;ls9