Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-11-23
]. 5 7-3O / D A 4!

The Secretary of the Treasurer gives no.
| tice that subscriptions will be received for
Coupon Treasury Notes, payable three years
from August 18th, 1864, with semi>annuaI
interest at the rate Of seven and three-tenths
per cent. per annum--prncipal and interest t
both to be paid in lawful money.
These notes will be convertible at the
option of the holder at maturity, into six
per cent, gold bearing bonds, payable not
less than five nor more than twenty years
from their date, as the Government may
elect. They will be issued in denominations
OF $50, 500, $500 81 900 and So 900, and
all subscriptions must be for fifty dollars or
some multiple Of fifty dollars.
The notes will be transmitted TO the own
ers free of transportation charges as soon
after the receipt of the original Certificates
of Deposit as they can be prepared.
As tie notes draw interest from 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 thousand
dollars and upwards for these notes at any
time will be allowed commission of one,
quarter OF one per cent, which will be
paid by the Treasury Department upon the
receipt Of a bill for the amount, certified to
by the officer with whom it was made.-No
deGuctisns for commissions must be made
from the deposits
SPECIAL ADVANTAGE OF THIS LOAN.
1t is a National Savings Bank, offering
higher rate OF Interest than any other, and
The best security. Any Savings Bank which
pays its depositors il q. S. Notes, Considers
that it is paying in the best circulating me.
dlum of the country, and it cannot paw in
anything better, for its own asets are either
IN government securities or in notes OF bonds
payable in government paper
II Is equally convenient as temporary or
permanent investment. The notes can al
ways be sold for within a fraction of their
face and accumulated interest. and are the
best security with banks as colIaterais for
discounts.
CONVERTIBLE INTO SIX PER CENT 500
GOLD BOND.
In addition 10 the very 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 the six per cent. l.. S. Stocks was over
twenty per cent. 1t will be seen that the
actual profit on this loan, at the present
market rate, is not less than ten per cent.
per annUm-
It's EXEMPTION FROM STATE OR MUNICIPAL
TAXATION.
Dut ASIDE from all the advantages we
have enumerated, a special Act of Congress
eremptS all bonds and Treasury notes from
local taxation. On the average, this exemp-
ton is worth about two per cent per an
mum, according TO the pate IF taxation in
various part of the country.
Ills believed that no securities offer so great
Inducements to the lenders as those issued
by the government In all other forms of
Indebtedness, the faith or ability of private
parties, or stock companies, or separate
communities, only, is pledged for payment,
while the whole properly of the country Is
held to secure the discharge OF all the obi
cations Of the United States.
While the government offers the most
liberal terms for its loans, it believes that
the very strongest appeal will be to the 10y
atty and patriotism of the people.
Duplicate certificates will be issued for all
deposits. The party depOsiting must endorse
upon the original certificate the denomina-
tion 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
Treasurer of the United States. at Wash
ignton. the several assistant Treasurers and
designated Depositaries, and by the