Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1864-12-24
u, S. z-a0 LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes payable three years from August 18th 1854,
with semiannual interest at the rate of sever and
three-tenths per cent. per annum,-prineipal ana
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 bear
ing bonds payable not less than FIVE nor more tha-
twenty years from their date as the governmcni may
elect They will be issued in denominations OF 500,
SlOO $500. 81 900 md S. OOO and all subscriptions
must DO for ffty dollars some multiple of fifty
dollars.
The notes will bo transmitted to the owners free of
TRANSFORMATION charges as soon after the receipt of
the original Certificates of Deposit as they can be
prepared.
As the notes draw interest from August l5 persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date Of
deposit
Parties depositiag twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission of onc-quartrr of one per cent.
which will be paddy the Treasury Department upon
the receipt of bill for the amount, certified TO by
the officer with whom the deposit was made. n
deductions for commissions must be made from the
| deposits.
special Advantages of this Aoon.
IrIsA NATIONAL SAVINGS BANK, offering high
or rate of interest than any other and e best sec"-
ritz. Any savings bank which pays its depositors in
L. s. Notes considers that it is paying in the best
circulating medium Of the country ard it cannot
pay in anything better, foI s assets either
in government securities or in notes or bonds payable
in government paper.
1t is equally con, enicnt as temporary or pcrma
nent investment. The notes can always be sold fo-
within a fraction of their face and accumulated inte
rest and are the best security with banks colla-
terals for discounts.
! CONVERTIBLE INTO A SIX PER CENT 5-2O
GOLD. BOND.
In addition to the very liberal interest on the notes
for threc7years this privilege of conversion is now
worth about three per cent per annum, for the curt
rent rate for 500 Bonds is not less than mine per
cent. yren,iRnl and before the war the premium on
six per cent. T. S. stocks was twenty per cent.
1t will be seen that the actual profit this loan at
the present market rate is not less than ten per cent
| per annum
ITS EXEMPTION FROM STATE OR MUNICH
PAL TAXATION.
But aside from all the advantages we hace enum-
Grated special Aot of Congress e.cempts all bOndS
and Treasury notes from local taxation. On the
average this exemption is worth about two Ter cent.
per anuum according to the rate of taxation in yari
Gus parts of the country.
II is believed that no securities offer great In
ducemonts to lenders as those issued by the govern
ment. In all other forms of Indebtedness, the faith
and ability ofprivate parties stock companies oi
separate communities, only, is pledged for payment
| while the whole property of the country is held
secure the discharge of all the obligations of the
United States
While the government offers the most liberal term
for its loans it believes that the very strongest appea
will be to the loyalty and patriotism Of the people
Duplicate certificates will be issued for all deposits
The party depositing must endorse upon the organ
| al certificate the denominations Of notes required
and whether they to be issued in blank or paya
bic to order. When endorsed 1t must be left will
the officer receiving the deposit, to be forwarded t.
the Treasury Department.
Subscriptions will be received by the Treasurer o
the United States at Washington, the several As
sisant Troasurers and designated Depositaries anC
by the
First National Bank of Milton,
And by all National Banks
which are depositaries of Public money, and all
RESPECTABLE DASKs'AyD BANKERS
throughout the country, acting agents of the Ma
tona Depository Banks) will furnish further infor
nation on application and
AFFORD EVERY FACILITY TO SUBSCRIBERS
August iS, 1864.