Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-08-19
u. S. 7-3O LOAN.

The Secretary of the Treasury gives notice tha
subscriptions will be received for Coupon Treasury
Notes. payable three years from Aug ljh iSG4 will
sem-annual interest at the rate of seven and three
/ tenths per cent. per annun,-prncipa and interest
both TO be paid in lawful money,
The notes will be convertible at tle option of Tho
holder ut maturity, into six per cent gold bearing
+ bonds, payable not less than fiyc nor more than
twenty years from their date, as the Government
may elect. They will be Issued in denominations OF
800, Sl0o $500, 81 900 and 50 900, and all subscrip-
tions must be for fifty dollars or some multiple OF
fifty dollars.
The notes will be transmitted to the owners free
of transportation charges after the receipt
of the original Certificates of Deposit as they can
be prepared.
As the notes draw interest from August ID, per-
sons making deposits subsequent to that date must
pay the interest accrued from date of note to date
Of deposit
Parties deposting twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission of onc-quarter of per
cent which will be paid by the Treasury Depart
mcnt upon the receipt of bill for the amount,
tilted to by the officer with whom the deposit
made. No deductions for commse sions must be
made from the deposits.
SPECIAL ADVANTAGES Of THE LOAN.
II Is a NATIONAL SAVINGS BANK, offering a
higher rate of interest than any other, and the best
security. Any savings bank which pays its deposit
tors in L. 5. Notes. considers that il is paying in the
best circulating medium of the country, and it
not pay in anything better, for its assets
either in government securities or in notes or bonds
payable in government paper.
1t is equally convenient as temporary per
for within fraction of their face and accumulated
interest, and the best security with banks col
lacrias for discounts.
Convertible into six per cent. $50 gold bond.
In addition to the very liberal interest the
for three ycors this privilege of conversion is
now worth about three per cent per annum, for the
current for go Bends is not less than nine per
cent. premium and before the the premium on
six per cent L. : stocks was twenty per cent.
1t will be that the actual profit this loan, ut
the present market rate is not less than ten per cent
per aunum.
Its Exemption from State or Municipal
Taxation.
nut ash from all the advantages we have enum-
Grated special Act of Congress crempts all hoI}ds
Gnd Treasury notes from focm tqcation. ON tie
average, this exemption is worth about per
anmuin, according the rate of taxation in varGu,
parts OF the country.
1t Is believed that no securities offer so great in
duccments to lenders those issued by the govern
ment. In all other forms of Indebtedness the faith
or ability of private parties, stock companies or
seperatc communities only, is pledged for pay ment
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
term, for its loans it believes that the very strong
est appea! viii be to the loyalty and patriotism of
the people
Duplicate certificates will be issued for all deposits
The party dcpo>ing must endorse upon the originoi
certificate the denomination Of notes required, and
whether they are to be issued in blank A. payable 10
order When endorsed it must be left with the
officer receiving the deposit, to be forwarded to Tie
Treasury Department.
SUBSCRIPTIONS WILL BE RECEIVED hy the Treas
urer 81 the Gnjtcd States, at Washington. thc
rral -,istant 1rea,Rrers ana ,gnated UcI0silar
les, aad ny the
First National Eanl, Of augusta, Ne
First National Bank OF Bangor, Me-
First National BANK OF Bath, Ne
lir.t National Bank OF brunswick, Me-
iirst National BAnk of Lewiston, Ne.
First National Bank of PORTLAND Ale.
aud ls nj National Bank, which are dei.ositarie,
OF pubic money, and
ALL EE>rECrAELE BANKS AND ENNEEE>
tAears''44. The country VIII give atrtasr ias,rl5-
riln and
AFFORD EVERY FACILITY To SUBSCRIBERS.
emo. .lp.