Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-10-08
o. S. 7-aO LOAN.


The Secretary of the Treasury gives notice that
subscriptions will be received for Coz pom Treasury
Notes, payable three years from Aug I5th, 1854,
with semisunuaI interest at the rate Of seven and
thrse-tsnshs per cent. per Annun-principal and
interest both to be paid In lawful money.
These notes VIII be convertible st the option OF
the holder at maturity into six per cent gOld-besr
ing bonds, payable not less than five nor more than
twenty years from their date, as the Government
may elect They will be issued ia denominations of
$50 $780, $500 81, 900 and IS OOO and all suhsorip
tiOnS must be for fifty dollars or Eoae multiple of
hfty dollars.
The notes viii he 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 Is. per-
sons making deposits subsequent to that date mus.
pay the interest accrued from date of note to date
Of deposit.
Parties depOsitins twenty-five thousand dollars
and upwards for these notes at any one time will be
sllOwed commission of One-quartsr of one per
oest.
Special Advantages OF this Loan
IT Is A NATIONAL SAVINGS BANK, Offering higher
rate of interest than any other and iAs bs ssosri
ANY savings bank which pays its depOsitOrs in u
g. Notes. considers that 1t is paying in the hest cir
cuIatiug medium of the country, and it cannot pay
in snything better, for its own assets are either In
government securities or in notes or bonds payable
in government paper.
1t is equally convenient ss q temporary or per
manent Investment. The notes can always be sold
for within fraction of their face and accumulated
interest. and are the best security with banks a.
oOIlaterals for discounts.
Convertible into Six per Cent, 6-3O
cold Bond.
In addition 70 the very liberal interest on ths
Or three years. this privilege of conversion Is
now worth about three per cont. per aunum for the
current rate for $50 Bonds is not less than nas p
OsHs. prsrai.u; and before the war the premium on
six per cent. o. s. stocks was over twenty per cent
Vas - s--eS sA1 eStuoi PASAh " loAQ,
at the present market rate Is not less than tsn per
cent. Per snnun.
Its Exemption from State or Munic1,
nal Taxation.
But aside from all the advantages we have emu.
erated. special Act OF Congress szszapts all bond
and Treasury notes from Iooal tazat.oa On the aver
age, this exemption is worth about two per cent
per Annu, according 10 the rate Of taxation in va
riOus parts of the country.
1t is believed that no securities offer 50 great In
dEcements to lenders those issued by the govern
mont. In all other forms Of Indebtedness, the faith
ability OfPrivste parties, or stock companies, OF
separate communities, only, Is pledged for pay
ment while the whole property of the country L
held to the discharge Of all the obligations
a me United States
While the government ofiers the most Hbera
terms for its loans it believes thst the very strong
est appeal will be to the loyalty and patriotism o.
the people.
Up TO she Path Of September, the subscriptions Il
this ioAn amounted 20 over rH