Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-22
q. S. 7-sO LOAN.


The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th, 1864,
with semiannual interest at the rate Of seven and
tbrss-tsnths per cent. per annum-prineiPal and
interest both to be paid in lawful money.
These notes Will be convertible at the option of
the holder at maturity into six per cent gOldbear-
ing bonds, payable not less than i've nor more than
twenty years from their date, IS the Government |
may elect They will be issued in denominations Of
$50, 500, $500, 8, 900 and S5OOO and ali suhscrP
tiOns must be for hfty dollars or some multiple Of
any dollars. F
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 can
be prepared
As the notes draw interest from August Is, per-
sons making deposits subsequent to that date must
pay the interest accrued from date Of note to date
of deposit.
Parties dspositing twenty-five thousand dollars
and upwards for these notes at any one time win be
allowed commission of one-quarteE of one per
cent, which viii be paid BY the Treasury Depart
meut upon reoeptOf bill for the amount, certified
to by the o1hoer With whom the deposit was made
| No deductions for commissions must be made from
the deposits. -'tf-,
Special Advantages Ofthis Loan
iTn NEAT1OxlI sAvpnes BAEK, Offering hiEherr
rate of interest than any other, and The best '''
ANY savings bank which pays its dspOsitOrs in Q.
NOves CONSIDERS thas it is paying in the hest cir
culatiug medium Of the country. and it eaHnOt pay
in anything better, for its assets are either in
government securities or in notssOr bonds payable
in government paper. i-liE-
It ia equally convenient As temporary or per
manent investment. The notes can always be solt
for within fraction of their face and aecumuatet
interest, and are the best security with banks a
eoIlaterals for discounts
Convertible into Six per Cent, 6-2'
Gold Bond.
In addition to ths very liberal interest on th
notes for three years. this privilege Of conversion
now worth about three per cent. per Annum, for tn
current rate for $50 Bonds is not less than iss pc
eeut prsrpsun; and before the war the premium Q
six per cent o. 8 stocks was over twenty per cent
It will be seen that the actual profit on this IOsr
at thu present market rate is not less than ten pc
cent. per sunum.
Its Exemption from State or MunieI
: pal Taxation.
But aside from ell the advantages We have snu
merated, special Act Of Congress essm p' all b0n'
and Treasury notes from local taratiOH On the avei
sge, this exemption is worth about two per cen
per Hnnu, according to the rats Of taxstion in VI
rious parts of the country.
1t is believed that no securities offer 50 great Ii
dacemens to lenders as those issued by the gOverl
ment In all other forms Of Indebtedness, the falt
ability private parties, or stock companies
separate communities, only, Is pledged for pa,
q ment, while the whole property of the country
f held to secure the discharge of all the obligation
o. the United States
t While the govsrnmsnt offers the most Hber
terms for its loans it believes that the Eery str9n
est appea will be to the loyalty and patriotism
the people.
= SUBSCRIPTIONS WILL HB RzcEvEn BY the Trsssur
# the United States at Washingt sn, the sO1e
l. Assistant Treasurers ana raai-aa4-z III :
is First National Bank Of 0Oveland. {
h second NatsOnaI Rank
r, and all NatiOnal Banks which are depositanies
: public money, and
REsPEcTABLE BANKS AND BANKERS
throughout the country win give further inform
> ton and tl husfs
: AFFORD EVERY gAOILITY TO sUBsOBIBEB
Il aug22:169