Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-09-28
u. S. 7-3O LOAN.

oI Rs wv LOhlSs
The Secretary of the Treasury gives notice that
subscriptions Will be received for Coupon Treasu-
ry Notes payable in three years from August Is,
1864 with semianuual interest at the rate of sew
en- and three tenths per cent per annum-princi-
pal and interest both t. he 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 We nor more
than twenty years from their date, as the overn-
ment may elect. They will be issued in denomi-
nations of 500, 500. $780, 81 900 and IS 600, and
subscriptions must be for fifty dollars or some
multiple of fifty dollars.
The notes will be transmitted to the owners
free of transportatio n charges as soon after the
receipt of the original certificates of deposit as
they can be prepared
As the notes draw interest from August 18Th
persons making deposits subsequent to tn at ate
must pay the interest accrued from date of note
TO date of deposit
Parties depositing twenty five th ossand dollars
and upwards for these notes at any one time will
be allowed commission of one-auarter of one
per cent. which will be paid by the Treasury
Department upon receipt for the amount certi-
fed TO by the officer with whom the deposit was
made. No deductions for com issions must be
made from the deposits
Special advantages of this Loan.
1t is National Savings Bank, Offering high
er rate of interest than any other, and THE BEST
SECURITY. Any savings bank which pays its de-
positors in U S Notes considers that it ispayipg
in the best circulating medium of the country.
and it cannot pay in anything better for its own
assets are either government securities in notes
or bonds payable in.government paper
1t is equally convenient as a temporary or per-
manent investment. The notes can aIwavs be
sold for within fraction of their face and accu-
mulated interest, and the best security with
banks as collaterals for discount
Convertible into Six per cent. 500
GoLp BoND.-In nddition to the very liberal in
terest on the notes for three years, this privilege
Of conversion Is now worth about three per cent.
per annum, for the current rate for $40 Bonds is
not less than NINE FER CENT. PREMIUM, and before
the war the premium six per cent. u s. stocks
was over twenty psr cent. 1t will ba seen thi
the actual profit on this loan. at the present ma
ket rate is not less than ten per cent. per d,
Its exemption from State and NJ nj
cIPAL TAxAuox.-Hut aside from all the adv nta-
gress EXENPTs ALL bonds and Treasury note from
local taxation. On the average, this exc nptioa
Is worth about two per cent. per annum, accord
ing to the rate of taxation in various parts of
the country
1t is believed that no securities ofe so great
inducements to lenders those issued Y the gov
ernment. In all other forms of ndeb edness the
faith ability of private parties, lock compa-
mics, or seperate communities, only is pledged
for payment, while the whole pr perry Of the
country is held to the dis:h Irge of all the
obligations of the United States
While the government offerst most liberal
terms for its Loans, it beiev that the very
strongest appeal will be to the Jyalty and patri-
otsm of the people.
Duplicate certificates will b issued for all d G.
posts. The party dcpositing must endorse upon
the ORIGINAL certificate the nomination of notes
required and whether the are to be issued In
blant or payable to order. When so endorsed it
must be left with the office receiving the deposit
to be forwarded to the Tra sury Department
Subscriptions viii be re :eiYed by the Treasurer
of the United States. at ashington; the several
Assistant Treasurers and Designated Depositares.
and by the
First Nationa Bank of Altoona,
and by all National p INKS which are depositares
of public money, ar ALL RESPECTABLE RANKS
AND BANKERS throu hout the country viii give
subscribers. Septmeber 81, l86'-2,n'