The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-08-31
q. s. 7-sO LOAN.

TIE Secretary of the Treasury gives no
lice that subscriptions will be received for
Coupon Treasury Notes, payable three
years from Aug. 18th, 1854, with semi
annual interest at the rate of seven and
three-tenths per cent. per annum,-princi-
pal and interest both to be paid in lawful
money.
These notes will be convertible at the
option of the holder al 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 Genomina-
lions of $50, 300, $500, $1,000 and IS, 900,
and all subscriptions must be for fifty dol,
lars or some multiple OF fifty dollars.
The notes will be transmitted 10 tie
owners free of transportation charges as
soon after The receipt of the original Ger
tIfieates OF Deposit as they can be prepared.
As the notes draw interest from August
18th, persons making deposits subsequent
to thai date must pay the interest accrued
from date OF note 10 date of deposit.
Parties depositing twenty five dollars
and upwards for these notes al any one
time will be allowed a commission Of one
quarter of one per cent, which will be
paid by the Treasury Department upon
the receipt of a bill for the amount, certi-
fed TO by the officer with whom the de-
post was made. No deductions for COM
missions must be made from the deposits.
Special .AdUantdges of this Loan.
1t is a National Saving Bank, offering a
higher rate of interest than any other, and
the best security. Any savings bank which
pays lis depositors in Us. Notes, considers
that it is paying in the best circulating me-
dunn of the country, and it caunot pay in
anything better, for its own assets are eth
er in government securities or in
notes or bonds payable in government
paper:
1t is equally convenient as a temporary
or permanent investment. The notes can
always be sold for within a fraction of their
| face and accumulated interest, and are the
best security with banks as collaterals for
discounts.
Convertible into a Sic per cent. $40
Gold Bond.
In addition 10 the vary liberal int rest on
The notes for three years, this privilege of
conversion is now worth about three per
cent. per aunum, for The current rate for
$40 Bonds is not less than nine per cent.
premium, and before The war the premium
on six per cent. United States Stocks was
over tweHly per cent II will be seen that
the actual proSt on this loan, al the present
market rate, is not less than ten per cent.
per annum.
It's Exemption from State or Municipal
IdIGtiOn.
But aside from all the advantages we
have enumerated, a special act OF Congress
exempt all Bonds and Treasury Notes from
local Taxation. On the average, this ex-
smption is worth about Two per cent per
annum, according 10 the rate of taxation in
various paris OF the county.
1t is believed that no securities offer so
great inducements TO lenders as those issu-
ed by the government. In all other forms
of indebtedness, the faita or ability of pri.
vale parties, or stock companies, or sepa-
rate communities, only, is pledged fol
payment, while the whole properly OF the
country is held 10 secure the discharge o.
all the obligations OF the United States.
While the government offers the mos
liberal terms for its loans, ii believes tha
the very strongest appeal will be the loyalty
and patriotism Of the people.
Duplicate certificates will be Issued 70
all deposits. The party deposi!ing mus
endorse upon the original certificate the
denomination of notes required, aud wheth
er they are to be issued in blank or paya.
bic 10 order. When SO endorsed il mus
be left with The officer receiving the depo.
sit, 10 be forwarded 10 The Treasury depart.
menl.
Subscriptions will be received By the
Treasurer of the United States, at Washing.
ton, The several Assistant Tteasurers aud
designated DePositsries, and By the
First National Bank
OF Bloomsbury. Pa.
And all National Banks which are deposi.
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