Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-09-29
FINANCIAL.
T S. sEyEN-TuiRTY LOAN.

Us
The secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treas.
ury Notes, payable three years from Aug. 18th,
1864, with semi-annual interest at the rate Of
seven and three. tenths per cent per annum,,
principal and interest both TO be paid in lawful
money.
These notes will besconvertible at the option Of
the holder at maturity, into six per cent gold.
bearing bonds, payable not less than five nor
more than twenty years from their date as the
Government mas elect. They will be issued in
denominGti0ps of $50, tlCO, $500, q 600 and
81, co., and sn subscriptions must be for fifty dol
lars or some multiple of fifty dollars.
The notes will be transmitted 10 the owners
free OF importation charges as soon after the
receipt Of he original Certificates of DEPOSIT u
they TO prepared.
As the notes draw interest from Angus. 18th,
persons making deposits subsequent to that date
must pay the interest accrued from date OF noe
20 date of deposit.
Parties depositing twenty-five thousand dollars
and upwards for these notes at any one time viii
be allowed a commission of one-quarter of one
per cent, which will Se paid by the Treasury De.
partment upon the receipt of o bill for the amount
was made. No deductions for commissions mus,
be made from the deposits.
SPECIAL ADVANTAGES OF THIS LOAN
II is a National Saving IS Bank, Offering q high.
er rate of interes! than any other, and the BEST
SECURITY. ANY Savings Bank which pays il
depositors in u S. Notes, considers that it is pay.
ing n the best circulating medium of the coun.
try, and it CANNOT psyin anything better, for
its own assets are either in government securi-
ties or in notes or bonds payable in governmen,
paper.
1t is equally convenient as q temporary or per
manent investment. The notes can always be
sold for within fraction Of their face and accu-
mulated interest, and are the best security with
banks coliaterals for discounts.
CONVERTIBLE INTO A SIX PER CENT.
5-2O GOLD BOMB.
In addition to the very liberal interest on the
notes for three years, this privilege of conversion
is now worth about three per cent per annum,
for the current rate for $40 Bonds is not less
than NINE PER CENT PREMIUM, aud before
the war the premium on six per cent U. S. Stocks
was over twenty per cent. 1t will be seen that
the actual profit this loan, at the present mar.
ket rate, is not less than ten per cent per an.
mum.
ITS EXEMPTION FROM STATE OR MUM.
CIPAL TAXATION.
But aside from all the advantages we have emu.
merated, special Act Of Congress ExEMPTS
ALL BONDS and TREASURY NOTES PROM
LOCAL TAXATION. On the average, this ex-
emption is worth about two per cent per annum,
according to the rate of taxation in vsriousparts
Of the country. t Ha
& 1t is believed that no securities offer 80 great
inducements to lenders az those issued by the
government. In all other forms of indebtedness,
the faith or ability Of private parties, or stock
Companies, or separate communities, only,
pledged for payment, while the whole property
of the country Is held to secure the discharge Of
all the obligations of the United States.
While the government offers the most liberal
terms for It's loans, it believes that the very
strongest appeal will be to the loyalty and patrs-
otism of the people. ....
Subscriptions will be received by the Treas
urer of the United States, at Washington, tbs
several Assistant Treasurers and designated De-
positaries, and by the ..
NATIONAL BANK OF BRANDON,
and by all National Banks which are depositaries
of public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country wiki give further infor
nation anu afford sa
EVERY FACILITY TO SUBSCRIBERS.
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