Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-11-04
II. S. 7-3O LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes payable three years from Aug. 18th, 1884, with
semiannual interest at the rate of seven and three
tenths per cent per annum, principal and interest
both to be paid in lawful money.
The notes will be convertible at the option Of Me
holder at maturity, into six per cent. gold barring
bonds, payable not less than Eve nor more than
twenty years from their date, as the Governments
may elect. They will be issued in denominations OF
$780, $780, $500, s. 900 and $1,000, and all subscrip.
tiofs must be for fifty dollars or multiple OF
fifty dollars.
The notes will be transmitted to. tlie 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 15, per-
sons making deposits subsequent to that date must
pay the interest accrued from date Of note to d te
of deposit
Parties doposiimg twenty-five thousand dollars
and upwards for these notes at any time will bs
allowed a commission of ono-qunrtsr Of one per
cent which will he paid by the Treasury Depart.
ment upon the receipt of bill for the amount, GER
tilted to by tho officer with whom the deposit was
made. No deductions for commissions must BE-
made from the deposits.
SPECIAL ADVANTAGES OF THE LOAN.
IT IS a NAr!CSAL SAVINGS BANK, Offering
higher rate of interest than any other, and the best
security. Any savings bank which pays its deposi.
tors in L. S. Notes, considers that it is paying In the
best circulating medium of the country, and it can.
not pay in anything better, for its assets nre
either in government securities or in notes or sonds
payable in government paper.
1t is equally convenient a temporary per:
manent investment. The notas can always be sold
for within fraction of thor face and accumulated
interest and arc the best security with banks col
laterias for discounts
Convertible into six per cent. $50 gold bond.
In addition to the very liberal interest on the
notes for three yeors this privilege of conversion IL
now worth about three per cent. per annum for the
current for 500 Bonds is not less than per
cent. premium and before the war the premium on
six per cent. L. s. stocks twenty per cent
Il will be seen that the actual profit this loan, at
the present market rate is less than per
per annual
Its Exemption from State or Municipal
Taxation.
But asilc from all the advantages we have enum.
Grated, special Act of Congress sxenpts all bonds
and Treasury notes from local taration On tire
average, this exemption is wSth about two per cent
annun, according the rate of taxation in varous
parts of the country.
1t is believed that no securities offer great Ia
ducements to lenders those issued by tile govern
ment In all other forms of Indebtedness, the faith
ability of private parties, stock companies. or
scpcrate communities only, is pledged for payment.
while the whole property Of the country is held to
the discharge of all the obligations Of tho
United States
While the government offers the most liberal
terms for its loans, it believes that the very strong
est appeal will be to the loyalty and patriotism Of
the people.
Duplicate certificates viii be issued for all deposits
The party depositing must endorse upon the original
certificate the denomination of notes required, and
whether they are to he issued in blank or payable to
order When endorsed it must be left with the
officer receiving the deposit, to be forwarded to the
Treasury Department.
SUBSCRIPTIONS WILL DE RECEIVED by the Treas.
urer of the United States, at Washington. the sew.
eral Assistant ircasurers and designated Depositar
les, and hy the
First National Bank of Augusta, Nc.
First National Bank of Bangor, Me.
First National Bank of Bath, Me.
First National Bank of Brunswick, Ne.
First National Bank of Lewiston, Ne.
First National Bank of Portland Me.
and by all National Banks which are dspostaries
of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further informa.
ton and
3mos 30