Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1864-11-12
IT, 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 18th 1864,
with semi snnua interest at the rate of seven and
three-tenths per cent per annum,-principal and
interest both 10 bo paid in lawful money.
These notes will be convertible at the option OF
the holder at maturity, into six-per cent gold bear
ing bonds payable not less than five nor more tina
twenty years from their date, as the governmentmay
elect They will be issued in denominations of $50,
500, $780, 81 900 and So 900, and all subscriptions
must be for fifty dollars some multiple of fifty
dollars
The notes will be transmitted to the owners free Of
transportation charges as soon after the receipt of
the original CERTIFICATES of Deposit as they can be
prepared.
As the notes draw interest from August 10, persons
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 onc-quarter of one per cent?
which will be paid by the Treasury Departmentupo
the 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.
special Advantages OF this Loan.
IT is NAT1oyAL SAVINGS BANK, offering high
rate Of interest than any other, and the 6eS Secn
rity Any savings bank which pays its depositors in
[ !: Notes considers that it ia paying in the best
circulating medium of the country, md it cannot
pay in anything better foI its own assets are either
in government securities in notes or bonds payable
| in government paper.
! Ii is equally convenient rs temporary or porma
ncnt investment. The notes can always be sold fo-
within fraction of their face and accumulated inte
rest, and arc the best security with banks collt
,erals for discounts.
CONVERTIBLE INTO A SIX PER CENT $40
GOLD BOND.
II addition to the yoy liberal interest on the note:
for thrccyears, this privilege Of conversion is now
worth about three per cent. per annum, for the curt
rent rate for $40 Bonds s not less than nine PEI
f cent. pyemi~m and before the the premium or
six per cent. U. S. stocks over twenty per cent
1t will be seen that the actual profit on this loan,
the present market rate is not less than ten per
per annum.
IT'S EXEMPTION FROM STATE OR MUNICI
PAL TAXATION.
But aside from all the advantages we haee enum
Grated, special Aot of Congress erempts all bond
9 a5H Treasury notes from, local taxation. On tn
average, this exemption is worth about two Ier cent
per anuum according to the rate Of taxation in yari
4 Gus parts of the country.
1t is believed that no securities offer SO great In
It ducemonts to lenders those issued by the govern
IN ent. In all other forms of Indebtedness, the fat
and ability of private parties, stock companies,
separate communities, only, pledged for payment
3 while the whole property of the country is hcl
e secure the discharge of all the obligations of tn
L United States.
While the government offers the most liberal term
for its loans, it believes that the very strongest appc,
will be to the loyalty and patriotism of the people
Duplicate certificates will be issued for all deposit
l.. The party deposting must endorse upon the origin
al certificate the denominations of notes required
and whether they to be issued in blank or pays
bic to order. When endorsed 1t must be left wit
~ the officer receiving the deposit, to be forwarded
= = the Treasury Department.
Subscriptions will be received by the Treasurer
the United States, at Washington, the several A
sistant Troasurers and designated Depositarics, an
by tho
First NATIONAL Esasi. OF Milton.
And by all National Banks
:. which aro dcpositarics of Public money, and all
.. RESPECTABLE BANKS AND nANKERs
throughout the country, iacting as agents of the N
tional Depository Banks) will furnish further info
IL nation on application and
AFFORD EVERY FACILITY TO SUBSCRIBER
rs August l3, 1864.