Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-12-14
T, s, 7-3O LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasu-
ry Notes. payable in three years from August 10
1851 with scm-annuaI interest at the rate of sew
and three tenths per cent. per annum-Princi-
pal and interest both t. be paid in lawful money
These notes will be convertible at tie 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 Govern
ment may eject. They will be issued in denomi-
nations of $50, slaO. $500, $1,000 and $4,000, and
subscriptions must be for fifty dollars some
multiple of fifty dollars.
The notes will be transmitted to the owners
free of transporatio n charges as soon after the
receipt of the original certificates of deposit
they can be prepared
AS the notes draw interest from August 10Th,
persons making deposits subsequent to that date
must pay the interest accrued from date of note
to date of deposit.
Parties deposting twenty-five thousand dollars
snd upwards for these notes at any one time will
be allowed commission of one-quarter of one
per cent, which will be paid by the Treasury
Department upon receipt for the amount, certi-
fed 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's National Savings Bank. Offering a high
er rate of interest than any other, and REST
SECURITY, Any savings bank which pays its de-
positors in l. : Notes considers that it ispaying
in the best circulating medium of the country,
and it cannot pay in anything better, for its own
assets either government securities or in notes
or bonds payable in government paper.
4 is euuaIIy convenient 2 r
manent investment The notes always be
sold for within fraction of their face and accu-
mulated interest and the best security with
banks co!laterals for discount
Convertible into Six per cent. 500
GOLD BoND-In addition to the very liberal in
terest on the for three years, this privilege
of conversion is worth about three per cent.
per annum, for the current rate for 520 Bonds is
not less than NINE PER CENT PREMIUM. and before
the war the premium on six per cent. 5. stocks
was over twenty per cent. 1t viii be th' /
the actual profit on this loan, at the present ma
ket rate is not less than ten per cent. per annH Il
Its exemption from State and NUM-
| CiPAL TAxArioy-But aside from al the adv nta-
| ges we have enumerated, special Act of Con-
| gress EXEMPrS ALL bonds and Treasury notes from
| local taxation. On the average this exemption
| is worth about two per cent. per annum, accord
! ing to the rate of taxation in various parts of
the country
1t is believed that ne securities offer so great
inducements to lenders those issued by the gov
ernment In all other forms of indeht edness the
faith ability of private parties, or sock compa-
nes, or seperate communities only is pledged
/ for payment. while the whole property of the
country is held to the discharge of all the
obligations of the United States
While the government offers the most liberal
| terms for its Loans, it believes that the very
strongest appeal will be to the cyalty aud patri-
otsm of the people.
Duplicate certificates will be issued for all de-
| posits The party deposting must endorse upon
the ORIGINAL certificate the denomination of notes
| reouired and whether thes TO be issued IN
! bIapk or PAYABLE TO order. When so endorsed it
must be left with the officer receiving the deposit,
| to be forwarded to the Troasury Department
! Subscriptions will be received by the Treasurer
| of the United States at y ashington the several
| Assistant Treasurers and Designated Depostaries,
and by the
First Nationa Bank of Altoons,
! and by all National ,nks which are deposrtaE'es
| of public money. an | ALL RESPECTABLE BANhs
/ AND BANKERS throughout the Country viii sTs
| further information and afford every facility 70
! ,osv.vsbsr. sept~nssr q, ias+air.