Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-11-18

U. $3.50 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-annua interest, at the
rate Of seven and thrcc-tenths per cent. per an.
num--prnclpal and Interest botho to be paid IN
lawful money .sH
These notes will be convertible at tho option
of the holder at maturity, into six per cent gold
bearing bonds,I 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, $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 depositng 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
bin for the amount certified to by the officer
with whom the deposit was made. No deduc-
tons for commissions must be made from the
deposits.
Special advantages Of this Loan.
II sA NATIONAL SAVINGS BANK, offering
higher rate of interest than any other, and tho
best security. ANY savings bank which pays
its depositors in us. Notes, considers that it is
paving in the best circulating medium Of the
country and it CANNOT pay in anything better,
for its own esscts are either in Government Sc
curites or in notes and bonds payable in Coy
ernment paper.
1t is equally convenient as q temporary or
permanent investment. The notes can always
be sold for within fraction Of their face and
accumulated interest and are the best security
with banes as collatcrals for discounts.
Convertible into a Sir per cent. 500 Gold Bond.
In addition to the very liberal interest on the
notes for three years, this privilege Of CONVEX
sion is now worth about three per cent. per an
mum, for the current rate Of $50 Bonds is not
Hess than nine per cent PREMIUM aud before
the war the premium on six per cent. L.
stocks was over 20 per cent. 1t will be seen
that the actual profit this loan, IT the present
market rate, IS not less than ten per cent. per
annum.
It's Exemption from state or municipal Taxation.
Bat aside from all the advantages we have
enumerated, ssecial act OF Congress eraapts
all Bonds aud treasury notes from local taxa
Ition. On the average this exemption is worth
about TWO per cent. per annum, according to
1.-The rate Of taxation in various parts Of the
country.
II is believed that no securities offer SO great
inducements to lenders as those issued by tho
government. In all other forms Of indebted
ness, the faith or ability Of private parties, or
stock companies, or separate communities only,
is pledged for payment, while the whole pro-
IptIlN VI llC NoNutlN ~ iiNtA W eNNaiN va" N4N
: charge of all the obligations Of the United
States.
While the government offers the most liberal
. terms for It's loans. # believes that the very
strongest appeal will be to the loyalty and pat
rotsm Of the people.
) Duplicate certificates will be issued for all de-
posts The party depositing must endorse up
t on the original certificate the denomination of
notes required, and whether they arc to be is
sued in blank or payable to order. When SO
endorsed it must be LEFT with the officer receiy-
ing the deposit, to be forwarded to the Treas
ury Department.
SUBSCRIPTIONS will be received by the Treas
uror Of the United States, at Washington, the
several Assistant Trcasurers and designated De-
postaries, 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. Albans Vt.
and by all National Banks which are deposita-
ries of public money, and
Al Respectable Banls and Bankers
throughout the country will give further in
formation, and
ABord erery Facility TO Subscribers
34m3