Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-16
o. S. 7-sO LOAF.

The Secretary Of the Treasury gives not that
subscriptions will be received for Coz pom .sury
Notes, payable three years from Aug. 18th, 1884,
with semiannuaI interest at the rate of seven and
thrse-tsnths per cent. per annum-Principal and
interest both to be paid in lawful money.
These notes Will be convertible at the option Of
the holder maturity, into six per cent. gOldbear
ing bonds, payable not less than i've nor more than
twenty years from their date, as the Government
may elect They will be issued in denominations Of
$50 500, $500 81, 600 and $780, and sl suhsorp-
tions must be for fifty dollars some multiple of
fifty dollars.
of transportation charges after the receipt
of the original Certificates of Deposit as they can
be prepared.
as Che notes draw interest from August 15 per-
sons making deposits subsequent to that date must
pay the interest accrued from date of note to date
Of deposit. At 4
and upyyrds for these notes at any one time will be
allowed commission of one-quarter of one per
cent, which will be paid by the Treasury Depart
msns upon receipt of bill for the amount, certified
to by the ofioer with whom the deposit was made.
No Deductions for commissions must be made from
the deposits.
Special Advantages Ofthls Loan
Ir1s NATIONAL SAVINGS BANK, Offering a higher
rate Of interest than any other, and the best security
Any savings bank which pays its depositors in 0.
s. Notes. considers that it Is paying in the hest cir
OuIatiug medium of the country, and 1t oaSaOt pay
in anything BETTER for its assets are either in
government securities or in notes or bonds payable
in government paper.
1t is equally convenient IS a temporary or per-
manent investment. The notes can always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks IS
collateTsls for discounts
Convertible into Six per Cent, 6-3O
Gold Bond.
In addition to the very liberal interest on the
notes for three years. this privilege Of conversion Is
now worth about three per cent per annum, for the
current rate for 30 Bonds is not less than is per
eszt prsusir,a; and before the war the premium on
sig per cent. o. s. stocks was over twenty per cent
1t will be that the actual profit on this loan,
at the present market rate is not less than ten per
cent. per snnum.
Its Exemption from State or Munich
pal Taxation.
But aside from all the advantages we have emu
msrated, special Act of Congress szsmpts al bond,
and Treasury notes from local taraon On tho aver.
age, this exemption is worth about two per cent,
per annum, according to the rate of taxation in va
rious parts of the country.
1t is believed that no securities ofer SO great IN
dEcements to lenders those issued by the govern
meDt. In all other forms of Indebtedness, the faith
ability private parties, or stock companies,
separate communities, only, is pledged for pay
ment, while the whole property of the country is
held to secure the discharge of all the obligations
the United States. e-
While the government offers the most nbera
terms for Its IOans it believes that the very strong
est appea will be to the loyalty and patriotism OF
the people
SUBSCRIPTIONS WILL BE sEoEIvED by the Treasures
Of the United States, at WsshiDgtou, the several
Assistant Treasursrs and Designated Depositaries,
and BY the
First National Bank OF Cleveland, o.,
Second National Hank
and ell National Banks which sre depositaries Of
public money, and
RESPECTABLE BANKS AND BANKERS
throughout the country will give further informa.
ton and
AFFORD EVERY FACILITY TO TOsUBsORTBERs.
aug22l69