Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-11
.. $50 Loan

The Secretary Of the Treasury gives nosice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th. 1854,
with i-snnua interest st the rats Of ssvsn and
tbreey tents psr cont per annum-prinsipal and in
terest both 10 bo paid in lawful money.
These notes will bs convertible at the option OF
tho holder 81 aturity, into six per cent gold bear
ing bonds paysb1s not less than i've nor more than
twenty years from their date, as the Soysrnment
may elect. They will Be i~ued n denominations Of
$So 800. $780, $1,000 and IS ooo and al subscrip-
tions must be for nifty dollars or some multiple Of
fifty dollars. .rs,scfazas,sen.v.=ssost
Tho notes will be transmitted to the free Of
transportation charges after the receipt Of
tho original Certificates Of Deposit as they can DO
prepared.
As the notes draw interest from August l5 persons
making deposits subsequent to that date must pay
the interest accrued from date Of note to date Of de-
posit.
Parties dopositing twenty-five theusand dollars
andupwnrds for those notes ut any one time will DO
allowed commission Of One-quarssr Of one psr cent.
SPECIAL ADVANTAGES or THIS LOAN.
IrIsANlrIoNAL SAVINGS BANK. Offering high
or rate Of interest than any other. and sbs ssc'~
w. Any savings bank which pays its dspositors in
U. s. Notes. considers that IL 10 paying in the best
circulating medium Of the country, and II ea~~et
pay in anything better for its own assets either
in government securities or In notes or bonds paya
bic in government paper. lFff
II is equally convenient ns \ temporary or perna-
mont investment. The notos can always be sold for
within fraction Of their face and accumulated In
terest and are the best security with banks Is oo-
latersls for discounts. c.r9 a.F iaTsehu
Convertible into Six per cent. $40 Gold Bond.
In addition to tho worry liberal interest on the
notes for three years. this privilege Of conversion 10
now worth about three per cent per annum, for the
current rate for $50 Bonds is not less than ntns per
cent. pyymisxs and before the war the premium on
six Per cent. U. g. stocks was twenty Per cent.
II will be seen that the actual profit this loan, at
the present market rate, 10 NOT less than ten Per
cent. per annum. 'rf-
It's Exemption from State or Municipal Taxa.
ton. -,f
But aside from sll the advantages we have snumer-
ated, n special Act Of Congress Srenpts on 1oads
and 7rsassry notes from local tdso,fsn. On the
average this exemption Is worth about two per cent.
per annum, according tothe rate Of taxation In va
rous parts of the country.
It is believed that NO securities oer 50 great in
ducemonts to lenders as those issued By the govern
mont In all other forms Of indobtednsss the faith
or ability Of private parties, or stock eompanes or
separate communities only. is pledged for payment,
while the whole property Of tho country il hold TO
secure tho discharge Of all the obligations Of the
United States.
While the government offers the most liberal terms
for its loans IL believes that the strongest APP
peal will be to the loyalty and patriotism Of the peo-
| pie.
Up to the cath Of September. tho subscriptions TO
| this loan amounted 70 ever
$4O,OOO,OOO.
SuBscRIrTIoNs WILL BIZ KEcEIvED by the Treas
urer Of the United States. at Washington. the
eral Assistant Treasuros and Designated Dsposit-
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS. OHIO.
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further informa.
| tion and v 'r. aF" r tr'"
AFFORD EVERY FACILITY TO osUBsCRIDERs
| -QmdIw .H...