Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-10
q. S. 7-sO LOAN.

The Secretary Of the Treasury gives notice that
subscriptions viii be received for Coupon Treasury
Notes, payable three years from Aug. 18th, 1864,
with ssmi-annusl interest at the rate Of seven and
thrse-senths per cent. per snnum-priueipal and
interest both to be paid in lawful money.
These notes VIII be convertible at the option OF
the holder at maturity, into six per cent gOld-bear
ing bonds, payable not less than five nor more than
twenty years from their date as the Government
may elect. They will Be is.usd in denominations Of
$50 800, $500, $1,000 and 5000 and slI suhscrip
tiOns must be for atty dollars OF some multipIs Ol
fifty dollars. .---.
The notes will he transmitted to the owners free
of transportation charges as soon after the receipt
of the original Certificates Of Deposit as they
be prepared. E
As the notes draw interest from August 49, per
sons making deposits subsequent to that date must
pay the interest accrued from date Of note TO date
of deposit.
Parties depOsiting twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission Of Ons-quartsr of one per
cent, which will be paid BY the Treasury Depart
nent upon receipt Of bill for the amount, certified
to by the OnOsr with whom the deposit was made.
No deductions for commissions mnst be made from
the deposits.
Special Advantages Ofthis Loan
ITIsA NATIONAL sAvnscs BANK, Offering a bishoi
rsse of interest than any other and ts besi .sei
Any savings bank which pays its deposftors in o.
Notes. considers that it is paying in the hoat cir
Oulstiug medium of the country aud il t-0srnot pay
in anything better, for its On assets are eithef ia
government securities or in notes or bonds payable
in government paper,
| 1t is equally OonveBiens as a temporary or per
manent Investment The notes can always be sold
for within fraction Of their lace and accumulated
interest. ana are the Bsst security with hanks IS
eollsterals Tor discounts.
Convertible into Six per Cent, 6-@O
| Gold Bond.
In addition to tbs Vsry liberal interest On tie
notes fOf three Ysars this privilege OF conversion Is
now worth about three pei cent Poi snnum. ior The
current rats fDT $40 Bonds is not loss than ris i-
cat. EgsuiisEi and before the war tie premium oh
siK per cent Z. d stocks vas over twenty psT cant
1t will be seen that tho actual profit on this loan
at the present market rate is not less than Ton per
cent. per annum.
Its Exemption from state IA HdnIsi.
pal Taxation
| But aside from all the advantages we have emu
msrsted, special act of Congress erenpts all bond
asI Treasury note, r0,s local frzaOn. On the aver
age. this exemption is worth ahOut two per cent
per sDnum, according TO the rate Of taxation in Va,
rious parts Of the country.
Its believed that no securities offer SO great IN
ducsmsBts to lenders as those issued hy ths govern
ment- In all other ferns OF indebtedness. the faith
or ability of private parties, or stock companies
separate communities, only, is pledged for pay
ment, while the whole properly of the country is
held to secure the discharge of all the obligations
( the United States.
While the government offers tho most Iibera
terms for its IOsns it believes that the very strong
est appeal viii bo to the loyalty and patriotism OF
the people
SUBSCRIPTIONS WILL BE RECEIVED by the Treasurer
Of the United States, at Washington, the severa
Assistant Treasurers and Designated Deposiraries,
and by the
First National Bank OT Cleveland, o.,
Second National Bank
and all National Banks which ara depositaries OF
public money, and
RESPECTABLE BANKS AND BANKERS
sthrOushOus the eOuDtry will give further inforua-
Dion and
AFFORD EVERY FACILITY TOsUBsOBIBERs
sug22l6s l-