The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-12-14
Ut. s.. $50 Loan.

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug
rate of seven and three-tenths per cent. per
annum,-principal and interest both to be
paid in lawful money.
These notes will be convertiblelat the option
of the holdo1 al maturity, into six per cent.
gold bearing bends, payable not less than five
nor more this n twenty years frcM heir date.
as the &c yer ament may elect The will be
issued in denominations Of S: SlH, $500
81 900 srd 5000, and ais o. ri ii smust
be for fifty dollars or some % iii of fifty
dollars.
The netes will be transmitted to the owners
free of transportat on charges as soon after
the receipt of the orr. iaal Certificates as they
can be prepared
As the notes draw interest f rom August Is
persons making deposits subsequent to that
date must pay tie interest accrued from date
ofnote to date of deposit.
Parties depositing twenty-five thousand dol
lars and upwards for these notes at any time
will be allowed a commission of one-quarter
of one per cent. 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 deduc
tions for commissions must be n ade from the
deposits.
SPECIAL ADVANTAGES OF THIS
LOAN.
IT Is A NATIONAL SAVING BANK, offering q
higher rate of interest than any other, and
the best security. Any saving bank which pays
its deposi,ors in 2 ). Notes. consider that it
is paying in the best circulating medium of
the country, and it cannot pay in anythir 6
better, for Its own assests are either in governs
ment securities or in notes or bonds payable
in government paper.
It is equallysconvenient as q temporary or
perman ent investment. The notes can always
be sold for within a fraction of thciI face and
| accumulated interest, and are the best security
with banks as collaterals for discounts.
Convertible into a Six per cent. 800
Gid Bond.
In addition to the very liberal interest on
the notes for three years, this privilege of con
version is now worth about three per cent. per
-
annum, for the curI ent rate for 5 90 Bonds is
not less than nine per cent. premium, and before
| the W ar 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 TIE
present market rate, is not less than ten pei
cent. per anDum.
Exemption from State or Mum
cipal Taxation.
But aside from all the advantages we have
unua,oYad q snocia1 Act of ConOraea sre1lDS
all bonds and treasury notes from local taxation
On the average. this exemption is worth about
two per cent perannunI, according to the rate
| of taxation in various parts of the country.
IL is believed that no securities offer so grea
induce cents to lenders as those issuedby the
government In all other forms of indebted
ness, the faith or ability of priaate parties, os
stock companies, or separate communities
only. is pledged for payment. while the whole
property of the country Is held to secure The
discharge of all the obligations of the United
States.
. e the government offers the most liber
for its loans, it believes that the yer
est appeal will be to the loyalty and pa
riotism of the people.
Duplicate certificates will be issued for all
deposits. The party depositing must eRdorse
| upon the original certificate the denomination
of notes required, and whether they are to be
issu1d in blank or payable to order. When
so endorsed it must be left with the officer re-
eeiving the deposit. to be forwarded to the
Ire sury Department.
PRESCRIPTIONS WILL DE RECEIVED by the
Treasurer of the United States, at Washing
ton. the several Assistant Treasurers and des-
Ignatei Depositaries, and by the
FIRST NATIONAL BANK OF
ASHLAND OHIO,
and by all National Banks which are deposita
ries of public money, and
ALL RESPECTABLE BANKS BANKERS
throughout the country will give further in
formation and
AFFORD EVERY FACILITY TO SUBsCRI
BEERS.
august 17th,-n11tf.