Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-10-24
q. S. 7-sO LOAN.

Ihs secretary OF the Treasury giVe8 notice that
subscriptions viii be received for Coupon Treasury
Notes, payable three years from Aug. 18th, 1864,
with ssmi-snnua interest at the rate of seven and
three -tenths per cent. per annum-prinoipaI and
lntsrest both to be paid in lawful money.
These notes viii be convertible at the option Of
the holder at maturity, into six per cent gOd-bear
ing bOads, payable not less than i've nor more than
twenty yOsrs from their date, az the Government
may elect. They will be issued in denominations of
$50 500, $500, 200 and s5,OOO and al suhsorip-
tiOns must be for ffty dollars or some multiple of
fifty dollars.
The notes viii he transmitted to the owners fres
of transportation charges as soon after the receipt
of the original Certificates of Deposit as thoy can
be prepared.
As the notes draw interest from August Is, por-
sons making deposits subsequent to that date must
pay the interest accrued from date of nete to date
of deposit.
Parties dspOsiting twenty-five thousand dOuars
and upwards for these notes at any one time will be
allowed commission of Ono-quarter of one per
oezt.
Special Advantages OF this Loan
ITIs NATIONAL sAvnas BANK, oforing higher
rate Otinterest than any other, and as bs,i security
Any savings bank which pays Its dopOsitOrs in Q.
8. Notes. considers that it is paying in the hest cir
oulatiug medium of the country, and It oar,Ot pay
in anything better for its own assets are either in
government securities or In notes or bonds payable
in government paper.
It Is equally convenient as q temporary or per-
msnent Investment. The nstes can always be sold |
for within fraction Of their face and accumulated
interest, and the best security with banks IS
cOllstersls for discounts.
Convertible into Six per Cent, $40
. Gold BOND.
In addition to the very liberal interest on the
notes for three years. this privilege Of conversion Is
now worth about three per cent per Annum, for tho
currspt rate for $50 Bonds is not less than nine p
eass Prsrairrs; and before the war the premium on
SIX per cent. US. stocks vas over twenty per cent
1t will bo that the actual profit on this loan,
ct ths present market rate Is not less than ten per
cont per snnum.
Its Exemption from state or HunfoI.
pal Taxation.
Bus aside from ali the advantages We have emu
meratOd, special Act of Congress sss,rps all bond.
ad Treasury aotes Tom EooaI laSsi.On. On the aver
age, this exemption is worth about two per cent.
per snnum according to tho rate Of taxation In va
rious parts of the country. e l.
1t Is believed that no securities o1er so great in
isOemsnts to lenders those issued by the govern
ment. In all other forms of indebtedness the faith
'r ability ofprvAta parties or stock companies or
Ieparste communities only, ia pledged FOR pay
nont while tho whole property of the country is
lod to secure the discharge of all the obligations
). the United States
While the government offers the most liberal !
ers for its loans, # believes that the very strong
st appeal viii be to the loyalty ana patriotism OF
be people.
Up the 24th Of September, the subscriptions to