Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-11-25
U. S. $50 LOAN

The Secretary of the Treasury giyes notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug.
10Th, 1864, with semi-annual interest, at the
rate of seven aud three-tenihs per cent. per an
num--prlncipal and interest botho to be paid Al
lawful money,
! These notes will be convertible at tho 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 may elect. They VIII be issued In
denominations of $50, 800, $500, $1,000 and
$1,000. and all subscriptions must be for fifty
dollars, or some multiple of fifty dollars.
The notes will be transmitted to the owners
free Of transportation charges as soon after the
receipt ofthe 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 depositiug twenty-five thousand dol
lars and upwards for these notes at any one
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
bill for the amount, certified to by the officer
with whom the deposit was made. No deduc-
tions for commissions must be made from the
deposits.
Special advantages Of this Loan.
II is A NATIONAL SAVINGS BANK, offering
higher rate of interest than any other and the
BEST security. Any savings bank which pays
its depositors in T. S. Notes, considers that it is
paying in the best circulating medium of the
country, and it CANNOT pay in anything better,
for its own essets are either in Government Sc
curities or in notes and bonds payable in Gov
eminent paper.
1t is equally convenient as a temporary or
permanent investment. The notes can always
be sold for within fraction OF their face and
interest, and are the best security
with banes as cOllaterals for discounts.
Convertible into SiE per cent. 5-20 Gold Bond.
In addition to the very liberal interest on the
notes for three years, this privilege Of CONVEX
mum, for the current rate Of $50 Bonds is not
less than nine per cent. premium, and before
the war the premium on six per cent L. S
stocks was over 20 per cent. 1t will be seen
hat the actual profit on this loan IT the present
market rate, Is not less than ten per cent. per
lnnum.
rs Exemption from state or miolieipa! Taratioa.
But aside from all the advantages we have
a ssecial act of Congress erempts |
all Bonds and treasury notes from local taxa |
lion. On the average, this exemption is worth
about Two per cent per anuum, according 10 |
he rate Of taxation III various parts Of the
.ountry.
II is believed that no securities offer so great |
to lenders as those issued by the
government. In all other forms Of indebted !
less, the faith or ability Of private parties, or
took companies, or separate communities only, |
5 pledged for payment, while the whole pro-
,erty OF the country is held t. secure the dis
harge of all the obligations Of the United |
i;ates
While the government offers the most liberal |
erms for its loans. it believes that the very
uongest appeal will be to the loyalty and pat
iotism of the people.
Duplicate certificates will be issued for all de-
osits The party deposting must endorse up
n the original certificate the denomination OF
otes required, and whether they are to be Is
ned IN blank or payable TO order. When so
ndorsed it must be left with the officer reeeiy-
ig the deposit, to be forwarded TO the Treas
ry Department.
SUBscRIPTIoNs will be received by the Treas
rcr of the United States, at Washington, the
,veral Assistant Treasurers and designated De-
and by the
First National Bank Of Bennington, VT,
First National Blk Of North Bennington, VI,
Brandon National Bank Of Brandon, Vt,
FIRST National Bank Of Springfield, VT,
First National Bank OF st. Adams, VT,
nd by all National Banks which are deposlta-
es Of public money, and
III Respectable Banks and Bankers
the country will give further In
'rmation, and
iford erery Facility to Subscribers.
34m3
Cn1Uv NnfrsrC