Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-10-04
Q. S. 7-sO LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be ressiSed for Coupon Treasury
Notes, payable three years from Aug. 18th, 1854
With ssmisnnual interest at the rate of seven end
thrss-tenthu per cent. per snnum-prinoipal and
interest both to be paid in lawful money. s5ifI
I These notes Will be convertible at the option of
the holder maturity, into six per cent gOldbear-
ing bonds, payable not less than five nor more than
twenty years from their date, As the Government
may elect. They will be issued in denominations of
$50, 500, $780, 81, 900 and s6OOO and all suhscrip
t0ns must be for afty dollars or some multiple Of
fifty dollars. ...rr
The notes will he transmitted to the owners free
of transportation charges soon after the receipt
of the original Certificates of Deposit 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 time will be
allowed commission of One-quarter Of one per
oeNt.
Special Advantages OF this Loan
ITBA NATIONAL SAVINGS BAEK, offering higher
rate Of interest than any other, and tie be' security
ANY savings bank which pays its depositors in q.
s. Notes, considers that it is paying in the hest cir
oulstiug medium Of the country, and IT cannot pay
in anything better, for its own assets either in
government securities OF in notes bonds Paysble
in government paper. rs Fn..g
1t is equally convenient as temporary or per.
manent Investment. The notes can always be sold
for within fraction Of their face and scoumulateS
interest, and are the BEST security With banks a
ooIlaterals for discounts.
Convertible into Six per Cent, 5-2f
cold Bond.
In addition to the very liberal interest on III,
notca for three years, this privilege of conversion
now worth about three per cent. per annu, for th'
current rate for $40 Bonds Is not less than nine Pc
os.t premium; and before the war the premium Of
six per cent. O. s. stocks was over twenty per cent
1t will be seen that the actual profit on this loan
at the present market rate, Is not less than ten Pc
cent. per annun.
Its Exemption from State or sHUniJi
pal Taxation. T.FEf
Bat aside from all the advantages We have enU
merated, special Act of Congress exempt, al bosd
and Treasury notes from local tarqioD. On the aver
age, this exemption is worth short two per cent
per annum, sccOrding to the rate Of taxation in Va
rious parts of the country.
1t is believed that no securities offer 10 great il
duoements to lenders as those issued hy the govern
mont. In all other forms of Indebtedness the fait
or ability of private parties or stock companies,
separate communities, only, is pledged for pay
msnt, while the whole property of the country
held to secure the discharge of all the obligation
ol the United States.
While the government offers the most H6ers
terms for its loans # believes that ths very strong
est appeal will be to the loyalty and patriotism {
the people. .t" -DAll -Ii8
Up to the 24th of September, the subscriptions