Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-13
q. S. 7-sO LOAN.


subscriptions will be received for Co, pom Treasury
Notes, payable three years from Aug 18th, 1864,
with semisnnusl interest at the rate Of seven ard
thrse-tenths per cent. per annum-principal and
interest both to be paid in lawful money.
These notes VIII be convertible at the option of
the holder at maturity, into six per cent gOdbes
ing bonds, payable not less than i've nor more than
twenty years from their date, as the Government
may elect. They win be issued in denominations Of
$50, $780, $500, s., 900 and s5,OOO and ell suhserip
tiOns must be for my dollars or some multiple OF
afty dollars.
The notes win he transmitted to the owners free
of transportation charges as soon after the receipt
of the original Certificates of Deposit they can
be prepared. s5-
as the notes draw interest from August Is, per
sons making deposits suhssqusnt to that date must
pay the interest accrued from date Of note to dsts
of deposit. '-=I'
Parties dspOsiting twenty-five thousand dollars
and upwards 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
ment upon receipt Of bill for the amount, certified
to by the officer with whom the deposit was made.
No deductions for commissions must be made from
the deposits. 1ar4 .er-
Special Advantages Of this Loan
IT Is A NATIONAL sAVNes BAEK, offering higher
rate Of interest than any other, and the best sscr
Any savings bank which pays its dspOsitOrs in U.
s. Notes, considers that it is paying in the hest cir
culatiug medium of the country, and it cannot pay
in anything better for its own assets are either in
government securities or in notes or bonds payable
in government paper.
1t is equally convenient as 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 as
ooIIateraIs for discounts. s
Convertible into six per Cent, 6-2O
Gold Bond.
In addition to the very liberal interest on the
notes for three years thia privilege Of conversion Is
nov worth about thres per cent per annuu, for tn,
current rate for 20 Bonds is not less than nine pa
cent. Preriuns; and bgfore the war the premium Oh
six per cent 0. 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 PEI
cent. per snnum.
It's Exemption from State or Muniei.
| pal Taxation.
But aside from all the advantages we have emu
merated, special Act of Congress exempt, al bond
md Treasury aOtss from local trration On the aver
age, this exemption is worth about two PEI cent
per annum, according to thu rate Of taxation in Va
rious parts ofthe country.
1t is believed that no securities offer 20 great in
duoements to lenders those issued by tas govern
ment In all other forms of ofindsbtedness the faith
or ability ofprivsts parties, or stock companies
separate communities, only, is pledged for pay
ment, while the whole property Of the country i.
held TO secure the discharge of all the obligations
the United States. la
While the governments oners the most Ibe1s
terms for its loans it believes that the very strong
est appeal will be to the loyalty and patriotism Of
the people.
isVBscR1FrIoss WILL BE RECEIVED by the Treasurer
of the United States, at Washington, the several
Assistant Trsssurers and Designated Depositaries,
and by the a
First National Bank Of Cleveland. o.,
second NatiO8ai gaaA
and all National Banks whioh arc depOsltariss Of
public money, and
RESPECTABLE BANKS AND BANKERS
throughout the country will give further fnforna.
ton and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
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