The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-09-01
FINANCIAL.
U. S. 7-3O LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from August Is. 1854
with semi annual interest atthe rate OF seven and
three-tenths per cent per ansum principal and in.
terest 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
hfty, one hundred, five hundred. one thousand, and
i've thousand dollars, and all subscriptions must
be for fifty dollars. or some multiple Of nifty dol.
lars.
ihe notes viii be transmitted to tbs free Of
transportation charges soon after the receipt Of
the original Certificates of Deposit as they can be
prepared.
As the notes draw interest from August is, persons
making deposits subsequent to that date must nav
the interest accrued from date of note to date of de-
posit
Farties depositing twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission of one-qnarter Of one per
cent, which will be paid by the Treasury Depart
ment upon the receipt of bill for the amount car
tilted 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.
H''a National SariHgs Bank. Offering higher
rate Of interest than any other and the best ssear
IT, Any savings bank which pays it's depositors in
U. s. Notes, considers that 1t is paying in the b..,
circulating medium OF The country, and IL cannot
pay in any hing better tor assets are either
in Government securities or In notes or bonds pay.
able in Government paper.
III equally convenient as q Temporary or perma
nent Investment. The notes San always be sold for
within fraction ftheir face and accumulated In
terest and the best security with banks az coat
erals for discounts.
Convertible into 6 per cent. $40 Gold Bond.
In addition to the very liberal interest on the
notes FOR three years this privilege of conversion
now worth about three per cent. per aanum, for the
current rate for % Bonds is not ess than nine Der
cent premium, and before the war the premium on
six per cent u. s. stocks were twenty per cent
1t viii be that the actual profit on his loan a,
the present ket rate is not less than ten per cent
per an nun.
Its Exemption State or Municipal
But aside from all the advantages we have enum.
Grated. special Act of Congress erempts all bond,
and treasury notes from local taratio.. On the
average, this exemption is worth about two per
cent. per annrm, according to taxation in various
parts Of the country.
IL is believed that no securities oIer 30 great In
dueements to lenders as those issued by the Govern
ment. In all other forms Of Indebtedness, the
faith or ability Of private parties or stock eompan.
les or separate communities only pied ged for pay.
ment. while the whole property OF tie country il
held to secure the discharge of all the obligations OF
the United States.
While the Government offers the most liberal term,
or its loans bsieEes that the very strongest ap
peal will be to the loyalty and patriotism Of the peo-
pie.
Subscriptions iciH be receired BY the Treasurer Of
the United States, at Washington, the several As
sis'ant rreasurers and designated Deposiaries and
by the
First National Bank of Portland, Maine,
and b. all National Banks which are Depositaries
o public money. and all respectable Banks and
Bankers throughout the country viii give further
Information. and afford every faculty. to subscribe.
Aug 2o-dku2m