Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-14
q. S. 7-SO LOAN.


The Secretary Of the Treasury gives notice that
subscriptions will be received for Cot pom Treasury
Notes, payable three years from Aug. 18th, 1854,
with semi-annua interest at the rate of seven and
three-tenths per cent. per annum-prineiPsl 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 gold-bear
ing bonds, payable not less than five nor than
twenty years from their date, as the Government
may elect. They will be Issued in denominations Of
$50, 500, $500, $1,000 and 5000, and all suhscrip
tions must be for sty dollars or some multiple of
fifty dollars.
The notes will he transmitted to the owners free
Of transportation charges as soon after the receipt
of the original Certificates of Deposit as they can
be prepared. p.
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.
Parties depOsiting twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission of one-quarter of one per
eeot., which win be paid by the Treasury Depart
ment upon receipt Of bin for the smOunt certified
to by the officer with whom tho deposit was made.
No deductions for commissions must be made from
the deposits.
Special Advantages OfthIs Loan
ITBA NATIONAL SAVINGS BANK, Offering higher
rate of interest than any other and the bsst security
Any savings bank which pays its depOs'tOrs in u
s. Notes. considers that it ia paying in the hest cir
ouIatiug medium of the country, and it oasnot 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.
manent Investment. The notes can always be sold
for within fraction Of their face and accumulated
interest, aud are the best security with banks as
collaterals for discounts.
Convertible into Six per Cent, 1-2O
! Gold 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 De,
es't. premium; and before the war the premium on
six per cent. U s. stocks was over twenty per cent
1t viii be seen that the actual profit on this loan
the present market rate is not less than ten Der
cent. per annum.
Its Exemption from State or Muniei.
pal Taxation.
But aside from all the advantages we have emu
merated special Act of Congress sresp.s all bond,
and Treasury notes from local ta-aiioa On the aver.
age, this exemption Is worth about two per cent
per sunuu according to the rate Of taxation in va
rious parts of the country.
1t is believed that no securities offer SO great in
duecments to lenders as those issued by the govern.
meut. In all other forms of Indebtedness, the faith
or ability ofprivate parties, or stock companies,
separate communities, only, is pledged for pay
ment, while the whole property of the country is
held to secure the discharge of all the obligations
+ the United States
While the government offers the most Hbera
terms for its Ioans it believes that tho very strong.
est appeal will be to the loyalty and patriotism OF
| the people.
SUBSCRIPTIONS WILL BE RECEIVED by the Treasurer
Of the United States at Washington, the several
Assistant Treasurers and Designated Depositarsos,
! and by the
First National Bank OF Cleveland, O..
Second National Bank - 8.
and all National Banks which are dopositaries OF
I public money, and
RESPECTABLE BANKS AND BANKERS
throughout the country will give further Informs.
tion and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
aug22: 1So .-