Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-01
q. 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-annua interest at the rate Of seven and
thFee-tenths per cent. per annum-prineipAl and
interest both to be paid in lawful money.
These notes VIII be convertible at the option Oh
the holder At maturity, into six per cent gOld-bear-
ing bonds payable not less than I've nor more than
twenty years from their date, az the GOTernnent
may sleet. They will be issued in denominations OF
$50, slOO $500, 81 900 and 5000, and 81 suhserip-
tiOns must be for afty dollars or some multiple OF
fifty dollars.
The notes will he transmitted to the owners free
Of oftranspOrtation charges as soon after the essips
of the original Certificates Of Deposit as they can
be prepared.
Asthe notes draw interest from August Is, per-
sons making deposits suhssquent to that date must
pay the interest accrued from date Of note TO dale
of deposit
Parties depOsiting twenty-five thousand dolIa5s
and upwards for these notes at any one time viii b
allowed commission of one-quarter of ono pr.
cent, which will be paid by tho Treasury Depart
ment upon reeeiptOf bill for the amount, ,esrti6ed
to by the officer with whom the deposit was made.
No deductious for commissions must be made from
the deposits.
Special Advantages OfthiS Loan
Ir1s NATIONAL sAvrSas BANK, offering higher
rate ofin,erest than any other, and he best ssesiy
Any savings bank which pays its depositOrs in {.
S. Notes. considers that it is paying in the hest cir
culatiug medium of the country, and it eauuot pay
in anything better for its own assets are either 10
government securities or in notes or bonds psySss
in government paper.
1t is equally convenient as a temporary OF per-
msnent Investment. The notes can always Be SOid
for within fraction OF their face and accumulated
interest, and are the best security with baakssa Is
coilsteraIs for discounts
Convertible into Six per Cent, sra
Gold Bond.
In addition to the worry liberal interest on tsa
notes for three years. this privilege Of conversion il
now worth about three per cent. per snnn, for til,
current rate for 20 Bonds is not less than nine e.
cent. preD'ia'; and before the war the premium o
six per cent U. s. stocks was over twenty per osnG
1t will be seen that the actual profit on this lOa
at the present market rate is not less than ten pee
cent. per annum.
Its Exemption from state OF MunieI.
pal Taxation
But aside from all the advantages We have emu
merated, special Act of Congress epsapts oil bona
usa Treasury Notes from local Iazatoa On the aver-
age, this exemption is worth about two per cent.
Per annum, according to the rate Of taxation IN W
riOus parts Of the country.
1t is believed that no securities O6sr SO greAI in
dcements to lenders as those issued by the govern
.ent In all other forms of Indebtedness the fsit,
or ability of private parties, or stock companies,
SEPARATE communities, only, Ia pledged for pay
nent. while the whole properly of tho country j.
held to secure the discharge Of all the obligation,
Of the United States.
While the government Offers the most Hbers
terms Tor its loans, it believes thar the very strong
sst appeal will be to the loyalty and patriotsn u
the people.
SUBSCRIPTIONS WILL BE RECEIVED by the TreaSurcr
of the United States, at Washington, the sever.
Assistant Treasurers and Designated pepositarirI
and by the
First National Bank Of Cleveland, o.,
second National Bank
and all National Banks which are dspOsitariss 4
public money, and
RESPECTABLE BANKS AND BANKERS
Throughout the country win give further infOrns-
ion and
AFFORD EVERY FACILITY TO TosUBsCRBERA
aus22;I69