Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1864-08-17
TT. s. 7-30 LOAN,

subscriptions will be received for Coupon Treas
ury Notes, payable three years from Aug. 10Th
1864, with semianhual interest at the rate OF sew
en- and three-tenths per cent. per annum,- prin.
cipal and interest both TO be paid in lawful mon
ey.
These notes will be convertible 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 from their date, as the
Government may elect They will be issued in
denominations of $50, 500, $500. 81 900, 5000,
and all subscriptions must be for $50 or 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 18th.
persons making deposits subsequent to that date
must pay the interest accrued from date of de-
post.
Parties depositing twenty-five thousand dol
lars and upwards for these notes at any one time
will be allowed commission of one-quarter of
one percent, which will be paid by the Treasury
Department upon the receipt of bill for the
amount certified to by the officer with whom the
deposit was made. No deductions for commits
sions must be made from deposits.
Special advantages Of this Loan.
IT is A NATIokAL SAVINGS BANK, offering
higher rate of interest than any other, and the
BEST sEcUhITY. Any savings bank which pays
its depositors in U. S. Notes considers that it is
paying in the best circulating medium of the
country, and it cannot pay in anything better,
or its own assets are either in government Sc
curities or in notes or bonds payable in govern
ment paper.
1t is equally convenient as temporary or per-
manent investment. The notes can always be
sold for within fraction of their face and accu-
mulated interest, and are the best security with
banks as collaterals for discounts
| Convertible into n Six percent $40 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 500 Bonds is not less than
NINE percent PREMIUM, and before the war the
premium on six percent U s. Stocks was over
twenty per cent. it will be seen that the actual
profit on this loan, at the present market rate, is
not less than ten per cent per annum.
It's Exemption from state or Municipal Tax
| alton.
| But aside from all the advantages we have emu.
merated, special Act of Congress ExEMPTs ALL
BONDS AND TREASURY NOTES FROM LOCAL TAX
ALTON. 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
1t is believed that no securities offer so great
inducements to lenders as those issued by the
government. In all other forms Of Indebtedness
the faith or ability of private parties, or stock
companies, or separate communities, only is
pledged for payment, while the whole property
of the country is held to secure the discharge O.
all the obligations of the United Stares.
While the government offers the. most liberia
terms for its loans, it believes that the very
strongest appeal will be to the loyalty and pat
riotsm Of the people.
Duplicate certificates will be issued for all de
posits. The party depositing must endorse upor
the ORIGINAL certificate the denomination o
notes required, and whether they are to be ISSUED
In blank or payable to order. When so endorse,
IL must De lelt VIII lHc oHCel IcCciN ing thc ue
post, to be forwarded to the Treasury Depart
mcnt.
Subscriptions will be received by the Treasur
err of the United States at Washington, the sew
eral Assistant Treasures and designated Deposit
aries, and by the First National Bank of Spring
field, VT, and the First National Bank of st. Al
bans, VT, and by all National Banks which ar
depositaries of public money, and all respectabl
banks and bankers throughout the country vii
give further information and afford every facilit
to subscribers. 3Sm3