Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-05
q. S. 7-SO LOAN.

The Secretary Of the Treasury gi--- notice tiAt
subscriptions viii be received for Coupon Treasury
Notes, payable three years from Aug. 10th, 1864,
with semi annual interest at the rate of seven and
thrSo-tenths per Oent. per annum-princIpal and
interest both to be paid in lawful money.
These notes Will be convertible at the option of
the holder maturity, into six per cent god-bear
ing 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, $780, $500, $1,000 and 1000, and all suhserip-
tions must be for fifty dollars or some multiple Of
fifty dollars.
The notes win he transmitted to the owners free
of transportation charges as soon after the receipt
of the original Certificates Of Deposit as they can
be prepared.
As the notes draw interest from August 10, per-
sons making deposits subsequent to that date must
pay the interest accrued from date of note to date
of deposit.
Parties dOpOsiting twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission of one-quarter of ono per
ceut., which will be paid by tine 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 Ofthis Loan
ITIs NATIoNAL SAVINGS BASK, offering higher
rate of interest than any other, and De best security
Amy savings bank which pays its depOsitors in U.
s. Notes, considers that it is paying In the hest cir
culatiug medium of the country, and it carnOt pay
in anything BETTER for its own assets are either in
government securities or in notes or bonds payable
in government paper.
1t is equally convenient as a temporary or per.
manent investment. The notes can always be sold
for within fraction Of their face and accumulated
interest. and are tho best security with banks as
OOllsterals for discounts.
Convertible Into Six per Cent, $50
Gold Bond.
In addition to the very liberal interest on the
notes for three years. this privilege Of conversion is
now worth about three per cent per annuu, for the
current rate for % Bonds is not less than nine per
cent. premium; and before the war the premium Oh
six per cent. U s. stocks was over twenty per cent
1t will be 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 Munich.
pal Taxation.
But aside from all tba advo 40 49,
merated, special Act of Congress ereapis all BOnds
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 oer 30 great In
ducements to lenders those issued by the govern
ment In all other forms of ofindebtedneSs, the faith
or ability of private parties, or stock companies,
separate communities, only, is pledged for pay
ment, 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 liberia
terms for its lOans it believes that the very strong
est appeal VIII be to the loyalty and patriotism OF
the people.
SUBSCRIPTIONS WILL BE KEOsIvED by the Treasurer
of the United States, at Washington, the several
Assistant Treasursrs and Designated Depositaries,
and by the
First National Bank of Cleveland, O., /
Second National Bank
and all National Banks which are depOaitaries OF /
public money, and -
RESPECTABLE BANKS AND BANKERS
Throughout the country Will give further infOrma.
ion and
AFFORD EVERY FACILITY TosUBsoRBERs.
sug221Vs