The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-09-28
FINANCIAL.
U. S. 7-3O LOAN.

Ahe secretary of the Treasury gives notice thai
SUBSCRIPTIONS viii be received for Coupon Treasury
No'es' payable three years from August Is, 1854
WIN semi annual interest at the rate of seven and
'nree-'entns per cent per m,principal and in.
terest both to be paid in lawful money.
inese notes will be convertible at the option ofthe
hoioer'at maturity, into six per cent gold bearing
O0n0s' payable not less than five nor more than
twenty years from their date, as the Government
may elect. They will be issued in denominations Of
nity, one hundred, five hundred, one thousand. and
hve thousand dollars, and all subscript;ons ,or.,
De t0r nifty dollars, or some multiple of fifty dol.
lars. a0al -sIs : N
Inc notes will be transmitted to this owners free Of
transportation charges as soon after the receint .,
the original Certificates of Deposit as they can be
prepared.
AS the notes drawinterestfr from August Is, persons
making deposits subsequent to that date must pay
tne interest accrued from date of note to date of de-
posit. a
1arues depositing twenty-five thousand dollars
ana upwards for these notes at any one time will be
allowed commission OF one-qnarter of one per
CENT which will be paid by the Treasury Depart.
ment upon the receipt of bill for the amount cer
uned to BY the officer with whom the deposit was
made. No deductions for commissions must be
made from the deposits.
special Advantages Of this Loan.
IT'S National Savings Bank, offering higher
ra'e OF interest than any other and the best sscri
~ Any savings bank which pays its dspositors in
y. .. Notes. considers that It's paying in the best
circulating medium of the country, and it cannot
pay In anything BETTER for its own assets are either
~ 6overnment securities or in notes or bonds nav.
able In Government paper eeftf.
It's equally convenient asa temprary 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 banks as coat
erals for discounts.
Convertible into per cent. $50 Gold Bond.
In addition to the very liberal interest on the
notes for three years. this privilege of conversion s
now worth about three per cent per anuum for the
current rate for $50 Bonds is not ess than nine per
cent premium, and before the war the premium on
six per cent u S. stockS over twenty Der cent
1t will be seen that the actual profit on this loan. at
the present market rate is less than ten per cent
per aDnum.
Its Exemption from State or Municipal
44 s Taxation. aa tfg +zrt
But aside from all the advantages we have enum.
Grated. Especial Act of Congress erempts all bond.
and treasury notes from local ta1ation. On the
average, this exemption is worth about two per
cent. per annpm, according to taxation in various
parts of the country.
II is oeiievefthat no securities offer so great in.
dueements to lenders those issued by the Govern
ment. In al other forms of Indebtedness, the
faith or ability of private parties or stock compan
les, separate communities only, is pledged forpay
ment, while the whole property of the country lie
held to secure the discharge of all the obligations OF
the United States. ae
Whilethe Government offers the mosthberalter
or its loans it believes that the very strongest an.
peal will be to the loyalty patriotism Of the peo
pie.
Subscriptions ciH be received by the Treasurer OF
the United States, at Washington, the several AS.
sstant Treasurers and designated Depositaries and
by the
First National Bank of Portland, Maine.
and by all National Banks which are Depositaries
of public money, and all respectable Banks and
Bankers throughout the country will give further
information, and afford every facility to subscribe.
Aug 2O-d& WIN