The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-12-07
u. s. $50 Loan.

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years fromAug.
18th, 1854, with semi-annual interest al the
rate of seven and three-tenths per cent. per
annum,-principal and interest both to be
paid in lawful money. af
These notes will be convertibleIat the option
of the holdcr at maturity, into six per cent.
gold bearing bonds, payable, not less than five
nor more thsn twenty years from sheir date,
as the &C ver ament may elect. the will be
issued in denominations of 81 s!Ge,, $500
81 900 and 81, 0e0, and ais bt mi ii smust
be for fifty dollars or some m it1 Of fifty
dollars. bass=.is tor an. aiJz-u
The netes will be transmitted to the, owners
free of transportation charges as soon after
the receipt of the original Certificates as they
can be prepared. - x,
AS the notes draw interest from August Is
pers ons making deposits subsequent to that
date must pay tie interest accrued from date
of note to date of deposit.
Parties depositing twenty-five thousand dol
lars and upwards for these netes-atany time
will be allowed a commission of one-quarter
of one per cent, which will be paid by the
Treasury Department upon the receipt of q
bill for the amount, certified to by the officer
with whom the deposit was made. No deduc.
tions for commissions must be n ade from the
deposits. s
SPECIAL ADVANTAGES OF THIS
ze ai.a LOAN.
IT Is A NATIONAL SAVING BANK, Offering a
higher rate of interest than any other. and
the best security. Any saving bank which pays
its depositors in u. 5. Notes, consider that it
is paying in the best circulating medium of
the country, and it eannot pay in anythir 6
better, for Its own assets are either in govern
ment securities or in notes or bonds payable
in government paper.
: It is equally convenient as a temporary or
perman emit investment. The notes can always
sold for within o fraction of their face and
accumulated interest. and are the best security
banks as collaterals for discounts.
Convertible into a Six per cent. 500,
Gold Bond.
In addition to the very liberal interest on
the notes for three years, this privilege of con
V6THIOu ID now WOTLA dUOu5 tuI0cp CI VCnb- per
annnum, for the current rate for 8 20 Bonds is
not less than nine per cent. premium, and before
the var the premium on six per cent. U. 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.
Exemption from State or Muni-
cipal Taxation.
But aside from all the advantages we have
enumerated, a special Act of Congress erenlps
all bonds and Treasury notes from focal taxation
the average, this exemption is worth about
two per cent. per annunI, according to the rate
of taxation in various parts of the country.
1t is believed that no securities offer so grea
inducements to lenders as those issued by the
government In all other forms of indebted
ness, the faith or ability of prfAate parties, os
stock companies, or separate communities
only. is pledged for payment. while the whole
of the country is held to secure the
discharge Of all the obligations of the United
States. ~
- , e the government offers the most liber
for its loans, it believes hat the yer
est appeal will be to the loyalty and pa
riotism of the people.
Duplicate certificates will be issued for all
The party depositing must endorse
upon the original certificate the denomination
Of notes required, and whether they are to be
issuld in blank or payable to order. When
SO endorsed it must be left with the officer re-
ceiving the deposit, TO be forwarded to the
Tres sury DEPARTING nt-
SUBSCRIPTIONS WILL BE RECEIVED by the
Treasurer of tho United States, at Washing
ton; the several Assistant Treasurers and des-
1gnate1 Depositaries, and by the
FIRST NATIONAL BANK OF
ASHLAND OHIO,
and by all National Banks which are deposita
of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further inr
and
AFFORD EVERY FACILITY TO sUBSCRI
BERS.
august 17th,-n11tf.
~sae a a al, - n