Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1864-11-05
u. s. 40 LOAN.

The Secretary of the Treasury gives notice that sab
scrpons viii be received for CouponTreasury Notes,
payable three years from Aug 18th, 1854 with semi
annual interest at the rate of and threeenths
per cent per annumprincpa and interest both TO be
paid in lawful money.
These notes will be convertible at the option of the
holder at maturity, into six per cent. gold bearing
bonds payable not less than Eve than twenty
years from their date the Government may eieet-
They will be issued in denominations Of $50 500, $500,
81 900 and s5eOO and all subscriptions must be for fifty
dollars some multiple of fifty dollars.
The notes will be transmitted to the owners free
transportation charges after the receipt of the
original Certificates Of Deposit as they can be pre-
pared.
As the notes draw interest from August Is, persons
making deposits subsequent to that date must paw the
interest accrued from date of note to date Of deposit
Parties depositing twenty-five thousand dollars and
upwards for these notes any one time will be allowed
commission Of one-quarter of one per cent, which
will be paid by the Treasury Department upon the
cept of bill for tie amount, certified to BY the officer
with whom the deposit made. No deductions for
commissions must be made from the deposits.
SPECIAL ADVANTAGES OF THIS LOAN.
tits National Saving Bank, Offering higher rate Of
interest than any other and the best security Any
savings bank which pays Its depositors in o. Notes.
considers that it is paying in the best circulating med
of the country, and it cannot pay in anything bet
ter for its own assets either in government secuI
ties or in notes bonds payable in government paper
It sequaliy convenient temporary or permanent
investment. Tie notes always he sold for within
fraction of their face and accumulated interest AID are
the best security with banks coaterals for discounts
CONVERTIBLE INTO \ SIX PER CENT. $40
GOLD BOND,
In addition to the very liberal ;ntereston the note. for
three years. this privilege OF conversion is 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 the premium per cent. L. S
stocks twenty per cent. 1t viii be that
the actual profit this loan st the present market
rate, is not less than ten per cent. per annum.
ITS EXEMPTION FROM STATE Or MUNICIPAL
TAXATION.
But aside from all The advantages we have enunera
ted, special Act of Congress exepts all bonds and
Treasury notes from local taxaticn On the average,
this exemption is worth about two per cent per
according the rate of taxation various parts Of the
county.
II is believed that securities offer great induce
ments to lenders those issued by the government
In all other forms of Indebtedness the faith or ability
of private parties, stock companies separate
munities only spledgcd for payment, while the whole
property of the country held to the discharge
of al the obligations of the Un:edsStates.
While the government offers the most liberal terms
for its loans il believes that the very strongest appeal
viii be to the loyalty and patriotism Of the people.
Duplicate certificates will be issued for all deposits
The party depositing must endorse upon the original
certificate the denomination CT notes required, and
whether they to be issued in blank or payable to
order. When endorsed it must be left with the Off
GER receiving the Deposit be forwarded TO the Trea.u
~ Department.
Subscriptions viii be received by the Treasurer OF The
United States, at Washington, the several Assistant
Trcssurers and designated Depositaries. and By the
FIRST NATIONAL BANK OF ST. PAUL,
and by all National Banks which are depositaries
public money, and all respectable Banks and Bankers
throughout the country viii give further information
and afford every facility to subscribers.