Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-10-12
q. S. 7-sO LOAN.


The Secretary of the Treasury gives notice that
subscriptions will be received for Coz pom treasury
Notes, payable three years from Aug. 18th, 1868,
with semi-snnuaI interest at the rate of seven and
three-tonths per cent. per annum-priucipsl and
interest both to be paid in lawful money.
These notes Will be convertible at the option Of
the holder at maturity into six per cent gold-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, slOO $500, 81 900 and IS OOO and ell suhsorip-
tions must be for fifty dollars or some multiple OF
hfty dollars.
The notes viii he transmitted to the owners free
Of ottransportston charges as soon after the receipt
of the original Certificates of Deposit as they can
be prepared.
As the notes draw interest from August Is, per-
sons making deposits subsequent to that date must
pay the interest accrued from date of note to date
of deposit. -a
Parties depOsIting twenty Thousand dollars
and upwards for these notes at any one time viii be
allowed commission of One-qusrter of one per
oeSt.
Special Advantages OF this Loan
ITBA NATIONAL SAVINGS BAKk, Offering higher
rate of interest than any other, and he best security.
Any savings bank which pays its depOsitors in O.
Notes, considers that it paying in the hest cir
culstiug medium of the country, and It eannot pay
in anything BETTER for its own assets either in
government securities or in notes or bonds payable
in government paper.
1t ia equally convenient a temporary or per-
mansnt investment. The notes can always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks IS
oollaterals for discounts.
Convertible into Six per Cent, B-2C
GOId Bond.
In addition to the very liberal interest on tn,
notes for three years. this privilege of conversion :.
now worth about three per cent per annum, for tht
current rate for $50 Bonds is not less than nine Pc
cent. rrsrqizl; and before the war mo premium OF
six per cent. q S. stocks was over twenty per cent
1t will be seen that the actual profit on this loan
the present market rats, Is not less than ten PEI
cent. per snnum.
Its Exemption from State or MunICi
pal Taxation.
But aside from sIl the advantages we have enu
merated, special Act of Congress sEsnpts all bOna
and Treasury notes from local tazuaOH. On the aver
ago. this exemption is worth about two per cent
per snnum according to the rate of taxation in va
rious parts of the country.
1t is believed that no securities offer so great fl
dHcements to lenders as those issued by the govern
ment In all other forms of indebtedness, the fait
or ability Of private parties or stock companies,
separate communities, only, is pledged for pal
meni, while the whole property of the country
held to secure the discharge of all the obligation
o the United States.
= While the government offers the most Hberl
terms for its loans it believes that the very stroD
est appeal will be to the loyalty and patriotism
"A the people
Up TO the 24th of September, the subscriptions