Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-10-28
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 Aug.
18th, 1864, with semi-annunI interest at the
rate of seven and three-tenths per cent per an
num-princpal and interest botho to be paid ~
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, $1,000 and
5000, and all subscriptions must be for fifty
dollars, or some multiple of fifty dollars.
The notes will be transmitted to the owners
free Of transportation charges as soon after the
receipt the original Certificates of Deposit as
they can be prepared.
! As the notes draw interest from August 18TH
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 dol
lars and upwards for these notes at amy one
time, will be allowed a commission of one
quarter Of one per cent, which will be paid by
the treasury department upon the receipt of al
bill for the amount, certified to by the officer
with whom The deposit was made. No deduc-
tons for commissions must be made from the
deposits.
Special advantages Of this Loan.
II Is A NATIONAL SAVINGS BANK, Offering II
higher rate Of interest than any other, and the
BEST security. Any savings bank which pays
its depositors in U. S. Notes, considers that it is
paying in the best circulating medium of the
country, and it CANNOT pay in anything better,
for its own essets are either in Government Sc
curities or in notes and bonds payable in Coy
eminent paper.
1t is equally convenient as Il temporary ori
permanent investment. The notes can always
be sold for within fraction of theiE face and
accumulated interest, and are the best security
with banes as collaterals for discounts.
Convertible into a Sir per cent. $50 Gold Bond
In addition to the very liberal interest on the
notes for three years, this privilege of CONVEX
sion is now worth about three per cent. per an
mum, for the current rate of $40 Bonds is not
less than nine per cent. premium, and before
the war the premium on six per cent. U. S.
stocks was over 90 per cent. 1t will be seen
that the actual profit ON this loan, IT the present
market rate, Is not less than ten per cent. per
annum.
Its Exemption from state or municipal Tazation.
But aside from all the advantages we havo
a ssecial act of Congress ereHipts
all Bonds and treasury notes from local taxa.
ton. On the average, this exemption is worth
about two per cent. per annum according to
The rate of taxation in various parts Of the
1t is believed that no securities offer SO great
to lenders as those issued by tho
government In all other forms of indebted
ness, the faith or ability of private parties Or
stock companies, or separate communities only
$ pledged for payment, while the whole pro-
1erty of the country is held to secure the dis
,harge of all the obligations Of the United
States
While the government offers the most liberal
erms for its loans, it believes that the very
trongest appeal will be to the loyalty and pat
iotsm of the people.
Duplicate certificates will be issued for all de-
,osits. The party deposlting must endorse up
IA the original certificate the denomination OF
totes required, and whether they are to be is
ued in blank or payable to order. When so
ndorsed it must be left with the officer reeeiY-
ng the deposit, to be forwarded TO the Treas
ny Department.
SUBSCRIPTIONS will be received by the Treas
Fer of the United States, at Washington, the
eyeral Assistant Treasurers and designated De-
and by the
First National Bank of Bennington, VT,
First National Blk of North Bennington, VT,
Brandon National Bank of Brandon, VT,
FIRST National Bank of Springfield, VT,
First National Bank Of ST. Albans, VT.
nd by ali National Banks which are deposita- :,
les ofpublc money, and
4H Respectable Banks and Bankers
throughout the country win give further in
1rmatlon, and
4ford erery Facility 10 Subscribers.
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