Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-12-14
l. s E-3Q | D A l,

The Secretary of the Treasurer gives no.
tice that subs cripti9ns will be received for
Coupon Treasury Notes, payable three years
from August 18th, 1864, with semi annual
interest at the rate of seven and three-tenths
per cent. per annum-prncipal 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 bearing bonds, payable not
less than tive nor more than twenty years
from their date, as the Gpvern,nent may
elect They will he issued IN denominations
Of $50, 500. $500 81 900 and s5 900, and
all subscri ptiOns must be for ffty dollars or
some multiple f fifty dollars
The notes will be transulitied To the own
ers free of transp rtatiun charges as soon
after the receipt of the original Certificates
of Deposit as they can be prepared.
As tie notes draw interest from August
10. persons making deposits subsequent to
that date must pay the interest accrued fom
date Of note H. Gate OF deposit.
Parties depOsiting twenty-five thousand
dollars and upwards for these notes at any
time will be allowed commission Of one
quarter of one per cent which will hs
paid by the Treasury Department upon the
rece; pt of bill for the amount. cert fed to
by the officer with whom it was made-No
teGuctisns for commissions must be made
from the deposits.
SPECIAL ADVANTAGE OF THIS LOAN.
II is National Savings Bank, offering .
higher rate of interest than any other. and
The best security ANY Savings Bank which
pays its depositors il u. 5. Notes. considers
that it is paying in the best circulating me-
dunn Of the Country, and it cannot pay in
! anything hetter, Tor its own asets are either
| IN government securities or in notes or bonds
| payable III government paper.
1t is equally convenient as q temporary or
permanent investment. The notes can al
ways be sold for within fraction of their
face and accumulated interest, and are the
best security with banks as colIatera,s for
liscnunts.
CONvERTIBLE INTO SIX PER CENT $50
GuLD 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
$40 Bonds is not less than nine .,er cent.
premium and before the war the premium
on the SIX per cent. l.. 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.
lIs EXEMPTION FROM sTATE OR MUNICIPAL
TAXATION.
But aside from all the advantages We
| have enumerated. special Act of Congress
eremptS al bonds and Treasury notes from
iociL tl.ratiDn. On the average This exemp-
| tion is worth about two pe. cent per on
num. according to the rate of taxation in
various part Of the country.
Ii Is believed that 10 securities offer so great
inducements to the lenders as those issued
| by the government. In all other forms of
! Indebtedness, the faith or ability Of private
| parties, or stock companies, OF separate
communities. only, is pledged for pay ment.
while the whole properly of the country is
| held to secure the discharge of all the obli-
! cations of the United States.
! While the government offers the most
| liberal terms for its loans. it believes tn at
! the very strongest appeal will he to the 10y
! atty and patriotism of the people.
Duplicate certificates will BE- issued for all
| deposits. The party depositing must endorse
! upon the original certificate the denomina-
ton of notes required. and whether they are
to be issued in blank, or payable to order.
! When So endorsed it must be left with tire
officer receiving the deposit, to be forwarded
| to the Treasury Department.
Subscriptions will be received by the
! Trea>urGr Of the United Stetes. at Wash
! ignton. the several assistant TreaSurers and
! designated Depusitaries, and by the