Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-08-18
y. S. 7-30 Loan.

! ~ SS 0SSJAAe
The Secretary Of the Treasury gives notice
that subscriptions will be received for Cou-
pon Treasury Notes, payable three years from
Aug 18th, 1864, with semi-annual interest at
the rate of seven and three-tenth5 per ceat
per annum, principal and iaterest both to
be paid in Lawful! money.
These notes will be controvertibie 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 sub
scriptions must be for fifty dollars or some
multiple of fifty dollars.
| The notes will be transmitted to the owners
free Of transportation charges rs soon altar
the receipt of the original certificates of de-
posit as they can be prepared As the notes
draw interest from August Is, persons making
deposits subsequent to that date must pay the
| interest accrued from date of note to date of
deposit. Parties depositing twenty-five thou
sand dollars ana upwards for these notes at
one-qraftar Of one per cent, which will be paid
bv tle Treasury Department upon the receipt
Of bill! for the amount, certified to by the Off
! Ger with whom the deposit was made. No
deductions for commissions must be made
from the deposits.
Special Advantages Of this Lean.
higher rate of interest than any other. and
the best sccurity Any savings bank which
pays its depositors in I. S. Notes: considers
| that it is paying in the best circulating medi
um of the country and it cannot pay in any
thing better, for its own assets are either in
government securities or in notes or bonds
payable in government paper
Il is equally convenient as temporary or
permanent investment. The notes can al
wavs be sold for within a fraction of their
face and accumulated interest, and are the
best security with banks as collatcrals for dis
counts.
Convertible iato Six per cent. 500
Gold Bond.
Tn addition to the very liberal interest on
the, notes for three years, this privilege for
conversion is now worth about three per cent.
per annun, for the current rate for $40
Bonds is not less than nine per cent, premiana
and before the war the premium on six per
cent. L. S. stocks was over twenty per cent
loan, at the present market rate, is not less
than ten per cent. per annGEl.
It's Exemption f, cm State or Nunicfpa
Taxation.
But aside from all the advantages We have
enumerated, special Act of Congress erenpts
al bonds and Treasury notes from loca5 taro-
ton On the average this exemption is worth
about two per cent per annum, according to
the rate of taxation ia various parts of the
| coantry.
1t is believed that no securities offer so
great inducements to lenders as those issued
by the government. In all other forms Of in
debtedness, the faith or ability of private
parties, Or stock companies, or separate com
munities only, is pledged for payment, while
| he 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 lbe-
raj terms for its loans, it believes that the
very strongest appeal will be to the loyalty
and patriotism of the people.
Duplicate certificates will be issued for all
deposits. The party depositing must endorse
upon the original certificate the denomina-
ton of rotes required, and whether they are
to BE Issued in blank or payable to order
! When so endorsed it must be left with the
officer receiving the deposit, to be forwarded
20 the Treasury Department.
Subscriptions viii be received by the Treas
urer ef the United States, at Washington, the
several Assistant Trcasurers and designated
DepositaIie les, and By the
First National Bank of Janesviile, Wis.
| First National Bank Of Milwaukee, Wis.
| First National Bank Of Madison, Wis.
First National Bank of Monroe, Wis.
and bv all National Banks which are deposi-
tarics of Public money and all
RESPECTABLE BANKS AND BANKERS
throughout the country VIII give further in
formation and
/ 4 far; e,.o.y E1o;1if,f fo .Q,rEeo~;be;.e