Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-09-01
FINANCIAL.
T S. sEyEN-TuIRTY LOAN.

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 be convertible at the option of
the holder at maturity, into six per cent gold
bearing bonds, payable not less than Eve nor
more than twenty years from their date, as the
Government may elect They will be issued in
denominations of $50, 800, $500, $1,000 and
$780, and all subscriptions must be for fifty dol
lars some multiple of fifty dollars.
The notes will be transmitted TO the owners
free of transportation charges as soon after the
receipt of the original Certificates of Deposit as
they can be prepared.
As the notes draw interest from August 18th,
persons making deposits subsequent to that date
must pay the interest accrued from date of note
to date of deposit.
Parties posting twenty-five thousand dollars
and upwards for these notes at any one time will
be allowed commission of one-quarter of one
per cent, which will be paid by the Treasury De-
psrtment upon the receipt of bill for the amount
certified TO by the officer with whom the deposit
was made. No deductions for commissions must
be made from the deposits.
SPECIAL ADVANTAGES OF THIS LOAN,
tits National Savings Bank, offering high
er rate of interest than any other, and the BEST
SECURITY. Any Savings Bank which pays its
depositors in u s. Notes, considers that it is pay
ing in the best circulating medium of the coun-
try, and it CANNOT pay in anything better, for
| its own assets are either in government securi-
| ties or in notes or bonds payable in government
| paper.
| 1t is equally convenient as a 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 as colaterals for discounts.
| CONVERTIBLE INTO A SIX PER CENT.
SEQ GOLD BONE.
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, and 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
Ike. rate, is not less than ten per cent per an
mum.
oIPAL TAXATION.
| But aside nom all the advantages we nave emu
merated, a special Act of Congress ExEMPTs
ALL BONDS and TREASURY NOTES FROM
LOCAL TAXATION. On the average, this ex.
emption is worth about two per cent per annum
according to the rate of taxation in various part
of the country.
1t is believed that no securities offer SO erea
inducements to lenders as those issued by tn,
government. In all other forms of indebtedness
the faith or ability of private parties, or stool
companies, or separate communities only, il
pledged for payment, while the whole property
OF the country is held to secure the discharge o
all the obligations of the United States.
While the government offers the most liberal
terms for its loans, it believes that the yer,
strongest appeal will be to the loyalty and patrj
,, otism of the people.
Subscriptions will be received by the Treas
urer of the United States, at wsshin rton. "a,
several Assistant Treasurers and designs,ed De
positaries, and by the
NATIONAL BANK OF BRANDON,
, and by all National Banks which are depoitarie'
Of public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country win give further infor
:; nation anu afford
EVERY FACILITY TO SUBSCRIBERS.
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