Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-10-20
u. S. 7-3O Loan.

u. 0. 7-oU Loan.
The Secretary of the Treasury gives notic'
that subscriptions will be received for Col
pom Treasury Notes, payable three years from
Aug 18th, 1864, with scmi-annual interest a
the rate Of seven and three-tenths per cent
per annun principal and interest both te
be paid in lawful money.
These notes will be controvertible at the
option of the holder at maturity, into six per
cent. gold bearing bonds, payable not less
than five nor more than twenty years f rom
their date, as the Government may elect
They will be issued in denominations of 8 so,
$100, $500, $1,000 and $4,000, and all sub
scriptions must be for fifty dollars or some
multiple of fifty dollars
The notes will be transmitted to The owners
free of transportation charges as soon aft 2r
the receipt of the original certificates of de-
post as they can be prepared. Is the not. IS
draw interest from August IS, persons maxim G
deposits subsequent to that date must pay Il te
interest accrued from date of note to date OF
deposit. Parties depositing twenty-five tho' l.
sand dollars and upwards for these notes at
any one time will be allowed commission of
one-qrarter of one per cent. which will be paid
by the Treasury Department upon the receipt
of bill for the amount, certified to by the OIL
Ger with whom the deposit was made. No
deductions for commissions must be made
from the deposits.
Special Advantages Of this Loan.
II IS NATIONAL SAVINGS BANK, Offering a
higher rate of interest than any other, and
the best security. Any savings bank which
pays its depositors in =. S. Notes, Considers
that it is paying in the best circulating medi-
um of the country, and it cannot pay in any
thing better, for its own assets are either in
government securities OF in notes 6r bonds
payable in government paper.
1t is equally convenient as temporary OF
permanent Investment. The notes can al
ways be sold for within fraction of their
face and accumulated interest, and are the
best security with banks as collaterals for dis
counts.
Convertible into Six per cent; $40
Gold Bond.
In addition to the very liberal interest on
the notes for three years, this privilege for
conversion is now worth about three per cent.
per annum, for the current rate for $50
Bonds is not less than nine per cent premium,
and before the war the premium on six per
cent U. S. stocks was over twenty per cent
1t will be seen that the actual profit on thi.
loan, at the present market rate is not less
than ten per cent per annum.
Its Exemption fl ON State or Municipal
Taxation.
But aside from all the advantages we have
enumerated, a special Act of Congress ersmpts
all bonds and Treasury notes .froa, local taxa
ton. On the average, this exemption is worth
about two per cent. per annum, according to
the rate Of taxation in various parts of the
country.
It is believed that no securities offer SO
great Inducements to lenders as those issued
by the government. In all other forms of in
debtedness, the faith or ability of private
parties, or stock companies, or separate com.
munities, only, is pledged for payment, while
the whole property of the country is held to
secure the discharge of all the obligations of
the United States
While the government offers the most libc-
raj terms for its loans 1t believes that the
very strongest appeal will be to the loyalty
and patriotism Of the people.
Duplicate certificates will be issued for sfI
deposits. The party depositins must endorse
upon the original certificate the denomina-
tion of notes required, and whether they are
to be issued in blank or payable to ORDER
When so endorsed it must be left with E1e
officer receiving the deposit, to be forwarded
to the Treasury Department.
Subscriptions will be received by the Treas
urer of the United States, at Washington, the
several Assistant Treasurers and designated
Depositaries, and by the
First National Bank of Janesville, Wis.
First National Bank of Milwaukee, Wis.
First National Bank of Madison, Wis.
First National Bank Of Monroe, Wis.
and bv all National Banks which are depcsi-
taries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country will give further in.
formation and
4 ford euery Facility to Subscribers.