Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1864-09-10
United States $50 Loan

THE Secretary Of the Treasury gives notice that
l. subscriptions will be received for Coupon Treas
ury Notes, payable three years from Aug 18th. 1864
with semi interest 1t the rate Of seven asd
threc-tenths per cent. per annam- principsl and
interest both 10 be paid in lawful money.
These notes will be convertible at the option OF
the holder At maturity into six per cent gold bek..
ing bonds. payable not less than Ave nor more
tvsnty ysars from their date ~ the Government
may elect. They will be issued in denominations
Of $50. 500. $500. $1,000 and IS 900, AMI oil sub.
scrp'ions must be for fifty dollars or some multipl.
Of fifty dollars.
The notes will be transmitted to tho owners free
OF transportation charges a. 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 20 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 a commission of one-quarter Of one per
cent, which will be paid by the Treasury Depart.
ment upon the receipt Of a bill for the amount,
certified to by the officer with whom the deposit
male. No deductions for commissions must
be made from the deposits.
Special advantages Of this Loan.-rt
10 a National Savings Bank, offering higher rate
o. interest than any other, and the best security
Any savings bank which pays its depositors In U.
s. Notes, considers that it is paying in the best cir.
culatins me ium Of the country, and it cannot pay
in thing better, for Its assets are either in
government securities or In notes or bonds PAYABLE
in government paper.
1t Is equally convenient as a temporary or per-
mane1t investment. The notes can always he sold
for within friction Of their face and accumulated
interest and are the best security with banks as
collaterals for discounts.
Convertible into . SIX pcr cemt. $40
Gold Bomd.-In addition to the very liberal in
terest on the notes for three years. this privilege Of
conversion is now worth about three per cent per
annum, for the current rate for 20 Bonds is not
less than nine per cent. PREMIUM and before the
war the premium on SIX per cent. u. s. stocks was
over twenty per cent. 1t will be seen that the &C
tual profit on this loan ut the present market rate
is not less than ten per cent PER anuum
Its Exemption from State or Muni-
ctp"I TaxattOn.-But aside from all the advan
tags We have enumerated, special Act of Com
sress cxempts all bonds and Treasury notes from
local taxation. On the Average. this exemption 4,
worth about two per cent per AMMAN, &C cording 10
the rate of taxation in various parts Of the country
1t believed that securities offer 50 gr ca, in
dueemeats to lenders those issued by the govern
ment In all other forms Of dness, the faith
or ability of privatspa parties or stock companies or
SEPARATE communities. only, 10 pledged for payment.
while the whole property of the country is held to
the discharge of all the Obligations Of the
hite d States.
While the government offers the most liberal
terms for its oa believes that the very strong
est appeal will be to the loyalty and patriotism Of
the people.
Duplicate certificates will be issued for all depos
its The party dspositng must endorse upon the
original certificate the denomination Of notes re-
qured and whether they are to be issued in blank
or payable to order. When so endorsed it must be
left with the officer living the deposit, to be for
warded to the Treasury Department.
Subscriptions will DO received by the Treasurer of
the United States. ut Washington. the several As
sistant Treasurers and designated Depos,ares, and
by the