The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-09-14
q. s. 1880 LOAN.

The Secretary of the Treasury gives no.
tice that subscriptions will be received for
Coupon Treasury Notes, payable three
years from Aug. 18th, 1864, with semi
annual interest al the rate of seven and
three-tenths per cent. per aunum,-princi-
pal and interest both to be paid in lawful
money.
These notes will be convertible at The
option of the holder al maturity, into six
per cent. gold bearing bonds, payable not
less than five nor more than twenty years
from their dale, as the Government may
elect. They will be issued in %denomina-
tons of $50, 500, $500, $1,000 and SIS, 900,
and all subscriptions must be for fifty dol
lars or some multiple of fifty dollars.
The notes will be transmitted to tie
owners free of transportation charges as
soon after the receipt of the original Ger
t~lficates 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 10 date of deposit.
Parties depositing twenty FIVE dollars
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
fed TO by the officer with whom the de-
post was made. No deductions for COM
missions must be made from the deposits.
Special Advantages of this Loan.
1t is a National Saving Bank, offering a
higher rate of interest than any other, and
the best security. Any savings bank which
pays its depositors inU. S. Notes, considers
that it is paying in the best circulating me-
dunn of the country, and it cannot pay in
anything better, for its own assets are eth
er in government securities or in
notes or bonds payable in government
paper.
1t is equally convenient as a temporary
or permanent investment. The notes can
always be sold for within a fraction of their
face and accumulated interest, and are the
best security with banks as collaieraIs for
discounts.
Convertible into a Sir per cent. $50
Gold Bond.
In addition 10 the vary 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
- 80 - oon, TT..,oI Co.,. G,ooIe 80.
over twenty per cent. II will be seen that
the actual profit on this loan, at the present
market rate, is not less than ten per cent.
per annum.
It's Exemption from State or Municipal
Tdrdtion.
But aside from all the advantages we
have enumerated, a special act OF Congress
exempt all Bonds and Treasury Notes from
local Taxation. On the average, this ex-
emption is worth about two per cent. per
annum, according 10 the rate of taxation in
parts oil the county.
1t is believed that no securities offer so
great inducements 10 lenders as those issu-
ed by the government. In all other forms
of indebtedness, the faith or ability of pri-
vale parties, or stock companies, or sepa-
rate communities, only, is pledged for
payment, while the whole properly Of the
country is held TO secure the discharge OF
all the obligations Of the United States.
While the governments offers the most
liberal terms for its loans, il believes that
the very slrongest appeal will be the loyalty
and patriotism of the people.
Duplicate certificates will be issued for
all deposits. The party deposi.ing must
upo the original certificate the |
of notes required, and wheth-
er they are 10 be issued in blank or paya-
Bile TO order. When so endorsed it must
be left with the officer receiving the depo-
sit, TO be forwarded to the Treasury depart
Subscriptions will be received by The
Of the United States, at Washing
lon, The several Assistant Treasurers and
designated Depositaries, and by the
First National Bank
Of Bloomsbury, Pa.