The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1864-09-06
q. S. 100 Loan.

TIE Secretary n ths Treasury rsss no,ics
that .asreaFsioa' vi u reserved Gov Ceupou
+ Tressary Soses, Psysbts tArvs yeas, trusu Aus
itth, lss., with ,ens-.snaa iatsree a, tha
rate u seven ana ,hree-scnths pr cent per aa. I
nun, principal ard nicrvs, bo,b 70 b Paid in /
is~iuI money.
4 These nctes waE bs convertible - the oY;iah
ui the holder a, maturity, into ia per ccnt
/ gold bearing bonds, payable rs, loss thar i've
nor more than twenty years from date, :, Ihe
Government NAV elect They vill be issued
10 denominations q $50 sieo, ssoe. siyooo
and g .eo0, Anl al subscriptions must se o.
any doliar O some multiple of eny dollars.
The notes wiIl be transmitted to the owner,
frce q transportation charges as soon amer the
reOeip, q the original Certificate. o. Deposit as
they can be prepared,
As the note. draw interest from August IS.
persons making deposits subsequent to that
date must pay the interest accrued from date
u note to date Of deposit.
Parties dePositing twenty five thousand do
lars and upwards Tor these notes at one time
will be allowed \ commission Of one quarter Of
one per cent, which will be paid by the Treas
urv Departmeu, upon the receipt Of bin for
the amount, certified to by the offc with
whom the deposit was made. No deductions
for commissions must be made from the de-
posits.
SPECIAL ADVANTAGES OF THIS LOAN.
ITisA NATIONAL SAVINGS BANG, offering
higher rate of interest than any other, and
he bsss security, Any savings bank which pays
its deposiiors in L. s. Notes, considers that 1t
is paying In the best circulating medium Of the
country, and ii cannot pay in anything better
curities or in notes or bonds payable in govern
ment paper.
1t is equally convenient as temporary or
permanent Investment. The notes can always
be sold for within fraction Of their face ana
@ accumulated interest, and are the best securl-
ty with banks as colla.enls for discounts.
Convertible into six per cent, $50 Gold Bond
In addition to the very liberal interes, on the
notes for three years, this privilege of CONVEX
sion Is now worth about three per cent. peran
mum, for the current rate for $50 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. 1t viii 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
Taxation.
hlt aside from all the advantages we have
enumerated, special Act Of Congress exempt,
al bonds and Treasury notes from local ta1ahon.
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 ne securities offer so great
inducements TO lenders as those issued by the
government. In all other forms Of indebted
ness, the faith or ability of private parties, or
stock companies, or separate communities, on
~, 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 liberal
terms for its loans, it believes that the very
strongest appeal will be to the loyalty and pat
riotism Of the people.
Duplicate certificates will be issued for all
deposits. The party deposting must endorse
upon the original certificate the denomination
of notes required, and whether they are to be
issued in blank or payable to order. When SC
endorsed it must be left with the officer reciv.
ing the deposit, to be forwarded to the Treas
ury Department
&C. SUBSCRIPTIONS WILL DE RECEIVED by the
Treasurer of the United States, at Washington
the several Assistant Treasurers and designat
ed Depositaries, and by the
First NatiOnl Bank of Bennington, VI.
" /" +" North
and by all National Banks which are deposita
rics Of public money, and
ALL RESPECTABLE BANKS AND BANKER
throughout the country will give further in
formation aud
sT AFFORD EvERYFAcILITYT RIO SUBSCRIBER
= BRAKES PATENT
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