The Portland daily press., 1864-09-05
FINANCIAL.
U. S. 7-30 LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes. payable three years from August l5, 1854
with semi-annual interest at the rate OF seven and
three-tenths per cent per rannum,-prncipsl and in.
terest both to be paid in lawful money
These notes will be convertible at the option fthe
holder at maturity, into six per cent gold bearing
bonds, payable not less than five more than
twenty years from their date, as the Government
may elect They will be issued in denominations OF
fifty, one hundred, five hundred, one thousand, and
five thousand dollars, and all subscriptions must
be for fifty dollars or some multiple of City dol.
lars.
The notes will be transmitted to this owners free OF
transportation charges soon after the receipt OF
the original Certificates of Deposit as they can be
prepared.
As the notes draw interest from August I5 persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date of de-
post.
Parties depositing twenty thousand dollars
and 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 a bill for the amount GER
titled 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.
h'sa National SaUings Bank, offering higher
rate of interest than any other and the best secur
fy. Any savings bank which pays its depositors in
U. S. Notes, considers that it paying in the best
circulating medium of the country and il cannot
pay in anything better for own assets are either
in Government securities in notes or bonds pay.
able in Government paper.
Hs equally convenient as a temprary or perma.
nent investment. The notes can always be sold for
within fraction of their face and accumulated in
terest and the best security with banks as cola
erals for discounts
Convertible into 6 per cent. 500 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 than nine per
cent premium, and before the war the premium on
six per cent u s. stocks were over twenty per cent
1t will be seen that the actual profit on this loan at
the present market rate not less than ten per cent
per aDnum.
Its Exemption State or Municipal
Taxation.
But aside from all the advantages we have enum.
ersted. special Act of Congress ezempts all bonds
and treasury notes from local faratica. On the
average. this exemption lie worth about two per
cent per annam, according to taxation in various
parts Of the country.
1t is believed that securities offer so great in.
ducements to lenders as those issued BY the Govern
ment. In all other forms Of Indebtedness, the
faith or ability OF private parties stock compan.
hes, or separate communities only pledged for pay
ment, while the whole property of the country is
he'd to secure the discharge of all the obligations OF
the United States ,
whilethe Government offers the most liberal terms
or its ioan it bslIeves that the very strongest ap
peal will be the loyalty ard patriotism ofthe peo
pie.
Subscriptions ,ciH be recered by the Treasurer of
the United States at Washington, the several As.
ssiant Treasurers and designated Depostsres, and
by the
First National Bank of Portland, Maine,
snd BY all National Banks which are Depositaries
OF public money, and all respectable Banks and
Bankers throughout the country will give further !
and afford every facility to subscribe.
Ang o-d& w2m