Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-09-30
u. S. 7-3O LOAN.

The Secretary of the Treasury gives notice tAas
subscriptions will be received for Coupon Treasury
Notes. payable three years from Aug 18TH 1854, with
semannuai interest at the rate of seven and three
tenths per cent per, annum,principal and interest
both to be paid in lawful money.
The notes will be convertible at the option of the
holder at maturity, into six per cent. gold barring
bonds payable not less than FIVE nor more than
twenty years from their date, the Government
may elect. They will be issued in denominations Of
$50, 800, $500 81 900 and s5,ooo and all subscrip
lions must be for fifty dollars or some multiple Of
fifty dollars.
The notes will be transmitted to the owners free
of transportation charges soon after the receipt
of the original Certificates of Deposit as they can
be prepared. 49,. =..H-
AS the notes draw interest from August 10, per-
making deposits subsequent to that date must
pay the interest accrued from date Of note to to
of deposit. 49,. -
Parties deposing twenty-five thousand dollars
and upwards for these notes at any one time viii 10
allowed a commission Of one-quarter Of enc per
cent which will be paid by the Treasury Depart
ment upon the receipt Of bill for the amount GER
tilted to by tire officer with whom the deposit was
made. No deductions for commissions must 10
made from the deposits.
SPECIAL RDVAN TAGeS Of THE LOAN.
IT Is NATIONAL SAVINGS BANK, offering &
higher rate OF interest than any other, and tie btst
Iecarity. Any savings bank which pays its depos.
in L. s. Notes. considers that 1t Is paying In the
ltst circulating medium of the country, and 1t can
not pay in anything better, for its own assets are
either in government securities in notes or bonds
payable in government paper.
1t is equally convenient a temporary or per-
manent investment. The notes can always be sold
for within fraction of their face and accumulated
interest and the best security with banks COL
laterials for discounts.
Convertibl, into six per cent. sac gold bond.
In addition to the very liberal Interest on the
notes for three yeors this privilege of conversion T.
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 the premium
six per cent. T. S. stocks twenty per cent.
1t viii be that the actual profit this loan, At
the present market rate is not less than ten per cent
per anntn.
Its Exemption from State OF Municipal
Taxation.
But aside from all the advantages we have enum.
Grated, special Act of Congress erempts all bonds
and Treasury notes from local taxation. On the
average this exemption is worth about two per cent
annum, according to the rate Of taxation In various
parts OF the country.
1t is believed that securities offer great In.
ducements to lenders those issued by the govern
ment. In all other forms of Indebtedness, the faith
or ability of private parties, or stock companies o.
seperate communities, only 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
for its loans II Believes that the very strong
appeal will be to the loyalty and patriotism Of
the people.
Duplicate certificates will be issued for all deposits
The party deposinS must endorse upon the original
certificate the denomination Of notes required, and
whether they to be issued in blank 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 Treas.
of the United States at Washington. the sew.
eral Assistant Treasurer. aud designated Depostar.
les, and BY the
First National Bank of Augusta, Ne.
First National Bank of Bangor, Me.
First National Bank of Bath. Me.
First National Bank of Brunswick, Ne.
First National Bank of Lewiston, Me.
First National Bank of Portland, Me.
and by all National Banks which depostaries
of public money, and
ALL RESPECTABLE BANKS AND DANKERS
throughout the country will give further lnforna-
ton ard
AFFORD EVERY FACILITY TO SUBSCRIBERS.
3mos 80