Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-24
U. 3. 7-3O Loan

The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th. 1884,
with semi annual interest at the rate Of seven and
three-tenths per cent per annum-principal 81 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 Eve nor more than
twenty years from their date, rs the Government
may elect They will be issued in denominations Of
$780, 500, $500. 1000 and 5000. and all subscrp-
tions must be for fifty dollars or some multiple Of
fifty dollars.
The notes will be transmitted to the ownos fee Of
transportation charges after the receipt Of
the original Certificates of Deposit as the! ofn DO
prepared.
As the notes draw interest from August Is persons
making deposits subsequent to that date Ii ust pay
the interest accrued from date Of note to date Of de-
post.
Parties deposting twenty-five thousand liars
and upwards for these notes at any time will be
allowed commission Of e-quarter Of one or sent.
SPECIAL ADVANTAGES OF THIS LOAN.
IrrsA NATIONAL SAVINGS BANK. offerin. a high
or rate Of interest than any other. and e6es secuT
~. Any savings bank which pays its depo itors in
U. ..
circulating medium Of the country. and 1t edn"of
pay in anything better for its own assets either
in government securities in notes or bon sraya-
bic in government paper.
It is equally convenient as a temporary or perma-
nent investment. The notes can always be sold for
within fraction of their face and accumulated In
teres and are the best security with bank a. col
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 CONVERSE is
now worth about three per cent. per annum for the
current rate for $50 Bonds is not less than inc po
cent premium, and before the war the premium on
six per cent. u s. stocks twenty per cent.
It will be seen that the actual profit on this loan at
the present market rate, is not less than ten per
cent per annum.
Its Exemption from State or Municipal Taxa
ton.
But aside from all the advantages we bavee inner
ated, special Act Of Congress erempts GRbcnds
and Treasury notes. from local tdSation. On tho
average this exemption is worth about two per cont
per annum according to the rate Of taxation in va
rious parts of the country.
II is believed that no securities offer @ eat in
ducemens to lenders those issued by the overn-
ment. In all other forms Of Indebtedness the faith
or ability of private parties, stock eonpaie', or
separate communities only. is pledged for pa vment
while tho whole property Of the country is hold to
secure tho discharge Of all the obligations Of tho
United States.
While the government offers the most libera TENS
for its oans it believes that the very strongest ap-
peal will be to the loyalty and patriotism of tie REQ
pie. p
Up to the oath of September. the subscripi on TO
this loan amounted 70 over 81 ~
aAo,ooO,ooo.
SUBSCRIPTIONS WILL BE RECEIVED blythe rreas-
urer Of the United States at Washington, the sew
eral Assistant Treasurers and Designated Deposit
arie'. and by the
FIRST NATIONAL BANK OF COLUMBUS. oAir.
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further inIorma-
tion and 4 =
AFFORD EVERY FACIL!TYgo SUBSCRIBERS
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