The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-10-19
8. 7-3O Loan.

Ing secretary pf the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug
10Th, 1864, with semi-annual interest al The
rate of seven and three-tenths per cent. per
annum,-principal and interest both to be
paid in lawful money.
These notes will be convertible,at the option
of the holdc al N ,turity, into six per C MT.
gold be9Iine b9nfs, payable not less than FIVE
nor more his n wonty years free heir date.
as the &c We, amant may elect The will be
issued in denominations cf 5 S!Hg $500
ST. 600 ard s5,0cO, ard ais ~ ~ / on,must
be for fifty dollars Or scne 10 III of fifty
dollars.
The petes viii. be transmitted to the owners
free of transported on charges as soon after
the receipt of the orr. nal Certificates as they
can be prepared
As the notes draw interest fr ON August Is
persons making deposits subsequent to tina
date must pay tie interest accrued from date
of note to date of deposit.
Parties depositing twenty-five thon- and dol
lars and upwards for these notes at any 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 g
bill for the amount. certified to by the officer
with whom the deposit was made no dedqc
| tions for commissions must be n ade from the
deposits.
SPECIAL ADVANTAGES OF THIS
LOAN.
IT IS A NATIONAL SAVING BANK, offering a
higher rate of interest than any other, and
the best security. Any saving bank which pays
its depositors in U. s. Notes. consider that it
is paying in the best circulating medium of
the country, and it cannot pay in anythir g
better, for Its own assests are either in govern
ment securities or in notes or bonds payable
in government paper.
1t is equally convenient as a temporary or
perman ent investment. The notes can always
be sold for within a fraction of thriI face and
accumulated interest. and are the best security
with banks as collaterals for discounts.
Convertible into a Six per cent. 800
&c Id Bond.
In addition to the very liberal interest on
the notes for three years, this privilege of con
version is now worth about three per cent. per
duuuHl, U tue CuTIeHb rate u q ~ 'OLu ~
not less than nine per cent. premium, and before
the war the premium on six per cent. T.. 5
stocks was over twenty per cent. 1t will be
seen that the actual profit on this loan, at II e
present market rate, is not less than ten pc
cent. per .annum.
Exemption from State or NUM-
cipal Taxation.
But aside from all the advantages we have
enumerated, a special Act of Congress e1emps
rU hands 0nI . z3ofoe from yoc1I f0rDflO1
On the average, this exemption is worth about
two per cent. per annuu, according to the rate
of legation in various parts of the country.
1t is believed that no securities offer 50 grea
induce L ents TO lenders as those issued by the
government In all other forms of ind ebtSd
ness, the faith or ability of priaate parties, os
STOCK companies, or separate communities
only. is pledged for payment. while the whole
property OF the country IS held to secure The
discharge of all the obligations of the United
States.
e the government offers the most liber
for its loans, il believes that the vr
est appeal will be to the loyalty and pa
fiotism of the people.
Duplicate certificates will be issued for all
deposits. The party depositing must endorse
upon the original certificate the denomination
of notes required, and whether they are to be
issuid in blank or payable to order. When
so endorsed il must be left with the officer re-
celflHS IL ucPOSh' " OO ~ INV
Ire sury Department.
SUBSCRIPTIONS WILL BE RECEIVED by the
Treasurer of the United States. at Washing
ton, the several Assistant Treasurers> and des-
1gnate1 Depositaries, and by the
FIRST NATIONAL BANK OF
ASHLAND OHIO
and by all National Banks which are deposita
ries of public money, and
ALL RESPECTABLE BANKS AND BANKERS |
throughout the country will give further in
AFFORD EVERY FACILITY TO SUBSCRI /
BERS.