Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-25
u. s. 7-SO Loan

The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th. 1864,
with semi-annual interest at the rate Of seven and
three-tenths per cont per annum-principa n d in-
terest both to be paid in lawful money.
These notes will be convertible at the option Of
the holder at maturity into six per cent geld bear
ing bonds payable not less than FIVE nor moro than
twenty years from their date, as the Government
may elect, They wfbe issued in denomination Of
$50, $780, $780, 81 900 and 5000, and all subscrip-
tions must be for fifty dollars or some multiple Of
fifty dollars.
The notes will be transmitted to the owners &c Of
transportation charges after the receipt Of
the original Certificates of Deposit the. opn be
prepared.
As the notes draw interest from August Is persons
making deposits subsequent to that date ust pay
the interest accrued from date Of note to date CT de-
posit.
Parties depositing twenty-five thousand LIARS
and upwards for these notes at any time will be
allowed commission of quarter Of one sent.
SPECIAL ADVANTAGES Of THIS LOAN.
TITS A NATIONAL SAVINGS BANK. offerinp ahigh-
er rate Of interest than any other. and ebes secn
W. Any savings bank which pays its depo itors in
circulating medium Of the country, and 1t cannot
pay in anything better for its assets are either
in government securities or in notes or bons aya-
BILE in government paper.
It is equally convenient as temporary or perma-
nent Investment. The notes can always be sold for
within fraction of their face and accumulated in
tcrest and are the best security with bank as col
laterals for discounts.
Convertible into a Six per cent $40 Gold Bvnd.
In addition to the very liberal interest on the
notes for three years, this privilege Of CONVERSE is
worth about three per cent. per annum. for the
current rate for $40 Bonds is not less than inc er
cent. premium, and before the war the premium on
six per cent. u s. stocks was twenty per cent.
It will be that the actual profit this loan, at
the present market rate, is not less than len per
cent. per annum.
Its Exemption from State or Municipal Taxa
ton.
But aside from all the advantages we havee umer-
ated. special Act of Congress erempts all 0cnds
and Treasury notes from local taSation. On the
average, this exemption is worth about two per cent
per annum according to the rate of taxation in va
rious parts Of the country.
ducements to lenders as those issued by the ovcrn
ment. In all other forms of indebtedness. the faith
ability Of private parties, or stock conpanies, or
separate communities, only. is pledged for pa vment
while tho whole property of the country is held TO
secure the discharge Of all the obligations Of the
United States.
While the government offers the most libcra to, ms
for its loans. it believes that the very strongest ap
peal will be to the loyalty and patriotism of tie REQ
pie.
Up to the oath of September. the subscripi on to
this loan amounted to over
100000
: SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer of the United States, at Washington, the sew
eral Assistant Treasurers and Designated Deposit
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS. OHIO,
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further inIorns-
tion and
AFFORD EVERY FACILITY TO SUBSCRIBERS
sepl-2md&w