The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-11-23
Ut. s.. 7-3O Loan.

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug.
10TH, 1864, with semi-annual interest al the
rate of seven and three-tenths per cent. per
annum,-principal and interest both to be
paid in lawful money.
These notes will be convertiblela the option
of the holder al maturity, into six per cent.
gold bearing bands, payable not less than five
nor more thai tweuty years frcn heir date,
as the Cover ament may elect the will be
issued in denominations CT 81 SIG, $500
81 900 and S. goo, and ais bi mi ii smust
be for fifty dollars or scme N lii of fifty
dollars.
The netes will be transmitted to the owners
free of transportation charges as soon after
the receipt of the orr NAL Certificates as they
can be prepared.
AS the notes draw interest fir ON August Is
persons making deposits subsequent to that
date must pay tie interest accrued from date
of note to date of deposit.
Parties depositing twenty-five thousand dol
lars and upwards for these notes at any time
will be allowed q commission of one-quarter
of one per cent, which will be paid by the
Treasury Department upon the receipt of a
bill for the amount, certified to by the officer
with whom the deposit was made No deduc.
tions for commissions must be n ade from the
deposits.
SPECIAL ADVANTAGES OF THIS
LOAN.
IT Is A NATIoNaL SAVING BANK, offering q
higher rate of interest than any other, and
the best security. Any saving bank which pays
its depositors in u 5. Notes, consider that it
is paying in the best circulating medium of
the country, and it cannot pay in anythir G
better, for Its own assets are either in govern5
ment securities or in notes or bonds payable
in government paper.
It is eq ually convenient as o temporary or
perman ent investment. The notes can always
be sold for within q fraction of theiI face and
accumulated interest, and are the best security
with banks as collaterals for discounts.
Convertible into a Six per cent. 500
GJld Bond.
In addition to the very lib eral interest on
the notes for three years, this privilege of con
: Il INV "Ohbh ooOoS III PSA SShb. PSA
annum, for the current rate for 5 20 Bonds is
not less than nine per cent. premium, and before
the war the premium on six per cent. u. s..
stocks was over twenty per cent. 1t will be
seen that the actual profit on this loan, at the
present market rate, is not less than ten per
cent. per annum.
Exemption from State or MUM
cipal Taxation.
But aside from all the advantages we have
enumerated, q special Act of Congress exemps
all bonds and Treasury notes from local taxation
On the average, this exemption is worth about
two per cent. per annum, according to the rate
of taxation in various parts of the country.
1t is believed that no securities offer so grea
induce II ents to lenders as those issued by the
government. In all other forms of indebted
ness, the faith or ability of priaate parties, os
stock companies, or separate communities
only. is pledged for payment. while the whole
property of the country is held to secure the
discharge of all the obligations Of the United
States.
e The government offers the most liber
for its loans, it believes that the yer
est appeal will be 10 the loyalty and pa
rictism of the people.
Duplicate certificates will be issued for all
deposits. The party depositing mus endorse
upon the original certificate the denomination
of notes required, and whether they are to be
issu1d in blank or payable to order. When
so endorsed 1t must be left with the officer re-
ceiving the deposit, to be forwarded to he
Treasury Department.
SUBSCRIPTIONS WILL BE RECEIVED by the
Treasurer of the United States, at Washing
ton; the several Assistant Treasurers and des-
1gnate1 Dcpositaries, and by the
FIRST NATIONAL BANK OF
ASHLAND @HI0D
and by all National Banks which are deposita
ries of public money, and
L RESPECTABLE BANKS AND BANKERS
throughout the country will give further in
formation and
AFFORD EVERY FACILITY TO sUBsCRI
BEERS.
august 17th,-n11tf.