The Portland daily press., 1864-10-14
FINANCIAL. -5 I
U. S. 7-3O LOAN.

The Secretary of the Treasury gives notice that
subscriptions win be received for Coupon Treasury
Notes, payable three years from August Is, 1884,
with semi annual interest at the rate of seven and
three-tenths per cent per annum, principal and in.
terest both to be paid in lawful money. sil3
These notes will be convertible at the option ofthe
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
may elect They viii be issued in denominations Of
fifty, one hundred, five hundred, one thousand, and
nve thousand dollars, and all subscriptions must
be for fifty dollars, or some multiple of Hfty dol.
lars. 7-k t ltHa
The notes win be transmitted to the owners free Of
transportation charges soon after the receipt Of
the original Certificates of Deposit as they can be
prepared w
As the notes draw interest from August l5 persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date of de-
posit.
Parties depositing twenty-five thousand dollars
and upwards for these notes at any time will be
allowed commission OF one-qnarter of one per
cent.
Special Advantages of this Loan.
It's a National Savings Bamk, offering higher
rate of interest than any other and the best seci
ty. Anysavings bank which pays its depositors In
U. s. Notes, considers that it is paying in the best
circulating medium of the country, and it cannot
pay in anything better for Its assets either
In Government securities or in notes bonds pay.
able in Government paper.
1t Is equally convenient as q temprary or perma,
nent investment. The notes can always be sold for
within fraction of their face and accumulated in
terest and the best security with banks collat
erals for discounts.
Convertible into per cent. $40 Gold Bond.
In addition to tho very liberal interest on the
notes FOR three years, this privilege of conversion Ia
now worth about three per cent per annum, for the
current rate for go Bonds not less than ine per
cent premianl. and before the war the premium on
six per cent u s. stocks were over twenty per cent
1t will be seen that the actual profit on this loan at
the present market rate s notices than ten per cent
per annum.
Its Exemption from State or Municipal
Taxation.
But aside from all the advantages we have enum.
Grated. special Act Of Congress erempts all bomds
and treasury u0sss from local tazatio#. On the
average, this exemption % worth about two por
cent. ser snnsm. according TO taxatien In various
parts Of the country.
II ID believed that no securities oner great IN.
70 lenders those issued BY the Govern.
mont. In all other forms Of Indebtedness, the
hith ability Of private parties. stock compsn.
es or separate communities only. h pledged fOrpay.
menf. While the whole property Of the country is |
Asd 10 secure the discharge Of all the obligations Of
he United States.
whfeths Government offers the mostliberalt terms
or lie loans h believes that the very strongest ap
'eal will be . tbs loyalty and patriotism ofthe peO
lis.
Up 70 thu s4th Of September. ths subscriptions to
his loan amounted TO over