Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1864-10-01
United States 7-3O Loan

fIHE Secretary Of the Treasury gives notice that
subscriptions will be resolved for Coupon Treas
urv Notes ir, yahle threc years from ag t5,h 1864
with semi aal nseress at the rate of seven and
thre"-te ths per cent. per annum- principal and
interest both 70 ~ raid in lawful money.
These notes VIII be convertible at the option o
the hoder at maturity. into 81, per en-, gold bear
ing bonds. payable not less than fv. nor more than
twenty years from their date. as the Government
may elect They win be Issued in denominations
of 500, 500, $500. S. 900 and $5noo and all sub
scrips'"nS must lie for fifty dollars some multiple
of dfty dollars.
The notes will be transmitted to the owners Eee
OF transportation charges after the rcceipt
"t the original Certificates Of deposit they can
be prepared.
As the notes draw interest from August Is, per-
sons making deposits subsequent that date ,nn.s
pay the interest accrued from date of note to ats
of deposit.
Parties depasiting twenty-five Thousand dollars
and upwards for these notes at any time will be
allowed commission of one. q uarter Of one peY
cent, which will be paid by the Treasury Depart
'n"nt upon the receipt IF a bill for The amount
certified to by the officer with whom the deposit
was ma le. No ded ,ctions for commission, nnst
b" made from the deposits.
Special advantages of his Loan.-It
Is a National Savings Bank, Offering higher rate
Of interest than any other, and the best security
Any savings bank which pays It's depositors in L.
). Notes considers that it is paving in the best cir
cuaing me lum of the country. and it ca mot nav
In anything better for its assets are either in
government securities or in or bonds PAYABLE
, in government paper.
IT is equally cenre sIieut Us a temporary or per.
'nancnt Investment. The notes can always be sold
Tor within fraction OF their face and
interest, and are the best security with banks ns
cu'latcrals for discounts.
Convertible into a Six per cent. $40
Gold honda addition to the very liberal in
terrst on the notes for three year this privileged If
conversion is now worth about three per cent r,r
nnuln, for the current rate for s. 70 Bonds is not
less than nine Per cent. premium and before the
war the premium six per cent, &. s stocks was
over twenty per cent. It will lie seen that the nc.
tual profit on this loan, the present market rate
is not less than tea Per cent per annum
Its Exemption from State or NUM-.
cipal Taxatton.-put aside from all the advan
tags we have enun,efatet a s.,rclal Ac, of Con-
gress exempts all hords and Treasury notes frcm
local taxation. On the average this exemption IA
worth about two per cent Ter annum, &C eordng to
the rate OF taxation in various parts of the rountr "
~ Is tilat no securities ofer
ducements to lenders as those issued by the govern
meut. In all other forms of Indebtedness the faith
or ability Of priHatsrartes, stock companies CT
separate communities only, Is pledged for pay msnt
while the 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 liberal
terms fer Its it believes that the vary strong
est appeal will be to the loyalty and patriotism
the people.
Duplicate certificates will be Issued for all depos-
its. The party disrositins must endorse upon tho
original certificate the denomination of notes re-
quircd and whether they to be issued in blank
or payable to order. When So endorsed II must I've
left with the officer receiving the deposit to be for
warded to the TT easnry Department.
Subscriptions viii. be received by the Treasurer Of
the l nitei States. at Washington, the several As
sistant rreasarers and designated pepostaries, and
by tho