Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-08-30
U. S. 7-sO LOAN.

Tho Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug 18th, 1864,
with semi annual interest at the rate of seven and
three teuths per cent. per annum-prlnoipal and
interest both to be paid in lawful money.
These notes VIII be convertible at the option of
the holder at maturity into six per cent god-bear
log 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
$50 800. $500 81, 600 and 5000, and ali suhscrip-
tions must be for fifty dollars or somO multiple of
fifty dollars.
The notes viii no 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 Is, per-
sons 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 Ono-quartor of one per
cent, which will be paid by the Treasury Depart
ment upon receipt ofs 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
Ir1sA NATIONAL SAVINGS BANK, offering higher
rate of interest than any other and the best security
Any savings bank which pays its depOsitOrs in U.
8 Notes. considers that it is paying in the hest cir
culatiug medium of tine country, and it cannot pay
In anything BETTER for its own assets are either in
government securities or in notes or bonds payable
in government paper.
1t is equally convenient as a temporary or per-
manent investment. The notes can always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks as
collaterals for discounts.
Convertible into Six per Cent, $40
Gold Bond.
In addition to the very liberal interest on the
notes for three years. this privilege of conversion is
now worth about three per cont per Snnum, for the
current rate for 52O Bonds Is not less than nine Der
tsa,. prers',Ht 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 this loan,
at the present market rate is not less than ten per
cent. per annum.
Its Exemption from state Or Muniet.
pal Taxation.
But aside from all the advantages We have emu
merated special Act of Congress 4rs,ap.s all bond.
and Treasury notes from local taraiiOa On the aver.
age, this exemption is worth about two per cent.
per annum according to the rate of taxation IN Va
riOus parts of the country.
1t is believed that no securities offer 60 great in
ducements to lenders as those issued by the govern
ment. In all other forms of Indebtedness the faith
or ability Of private PARTIES or stock companies,
separate communities, only, is pledged for pay
ment while the whole property Of the country is
held to secure the discharge of all the obligations
of the United States.
While the government oaels the most Hbera
terms for its loans it believes that the very strong
est appeal will be to the loyalty and patriotism of
the people.
sUBsoR1PT1oEs WILL BE RECEIVED by the Treasurer
Of the United States, at Washington the several |
Assistant Treasurers and Designated DepOsitaries,
and by the
First National Bank of Cleveland. o.,
Second National Bank
and all National Banks which are depOsitarIes of
public money, and
RESPECTABLE BANKS AND BANKERS
the country viii give further iniorma-
on and
AFFORD EVERY FACILITY TO OsUBsoRIBERs.
aug22:IG9
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