Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-19
U. 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. lee4,
with sem-annual interest at the rate Of seven and
three tenths per cent. per principal in
terest both TO be paid in lawful money.
These notes will be convertible at the option Of
the holder at maturity into six per cent. geld bear
ing bonds, payable not less than FIVE nor more than
twenty years from their date, as the Government
may elect They will be issued in denominations Of
$50, 800, s50o. 81 900 and 5000. and all subscrp
tions must be for fifty dollars or some multiple Of
fifty dollars.
The notes will be transmitted to the owners go Of
transportation charges after the receipt Of
the original Certificates Of Deposit as the. crn be
prepared.
As the notes draw interest from August Is persons
making deposits subsequent to that date II urt pay
the interest accrued from date Of note to date At do
posit.
Parties depositing twenty-five thousand liars
and upwards for these notes at any one time will be
allowed commission of equarter Of one er sent.
SPECIAL ADVANTAGES OF THIS LOAN.
Iris NATIONAL SAVINGS BANK. ofern. ahigh-
er rate Of interest than any other and Me6es secur
nv. Any savings bank which pays its depo itors in
U 8. Notes. considers that II is paying in the best
circulating medium Of the country. and 1t cannot
pay in anything BETTER for its assets are either
in government securities in notes or bon sraya-
BILE in government paper.
It is equally convenient as temporary or perma-
nent Investment The notes can always be sold for
within fraction of their face and accumulated in
terest and are the best security with bank as coll
laterals for discounts.
Convertible into a Six per cent $40 Gold Bond.
In addition to the very liberal interest On the
notes for three years, this privilege Of conversion s
now worth about three per cent. per annum for the
current rate for $50 Bonds is not less than inc psr
cent. premium, and before the war the premium on
six per cent U. s. stocks over twenty Per cent.
II will be seen that the actual profit this loan, at
the present market rate, is not less than len per
cent per annum.
Its Exemption from State or Municipal Taxa
ton.
But aside from all the advantages We havee umer-
ated, q special Act Of Congress erempts al'6cnds
and Treasury notes from local tdsdtfon On the
average this exemption is worth about two per cent
per annum according to tho rate Of taxation in
rious parts Of the country.
1t is believed that securities offer so g. eat in
ducements to lenders those issued by the overn-
ment. In all other forms Of Indebtedness the faith
ability Of private parties, or stock conpao'. OF
separate communities only is pledged for pa vment
while the whole property of tho country is helj tc
secure the discharge of all the obligations Of the
United States.
While the government offers the most liberia tel
for its loan it believes that the very strongest ap-
peal will be to the loyalty and patriotism Of Il
pie.
Up to the cath of September. the subscripi on+to
this loan amounted to ever
$40, 900,
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer of the United States, at Washington. the sew
eral Assistant Treasurers and Designated Deposit
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS. OHIO,
ALL RESPECTABLE BANKS AND BANNERS
throughout the country will give further in orna-
tion and
AFFORD EVERY FACILITY TO SUBSCRl, ,EES
sepl-2md&w