Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-08-23
q. S. 7-sO LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 15th 1854,
with semi annual interest at the rats Of seven and
thres-tenths per cent. per annum-prineipAl and
interest both to be paid in lawful money.
These notes will be convertihls at the option Of
the holder at maturity, into six per cent goia-bear
ing bonds, payable not less than i've nor more an
twenty years from their date, as the Government
may elect. They viii be issued in denominations Of
$50, slOO $780, 81 900 and s. 600, and ell suhsorip-
tiOns mus. be for fifty dollars or some multiple Of
fifty dollars. a.
The notes will he transmittod to the owners free
of OftranspOrtstion charges after the receipt
of the original Certificates Of Deposit as they can
be prepared. s--s- -
As the notes draw interest from August 10, 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 tina will be
allowed commission of one-quartsr Of one per
Govt, which will be paid by the Treasury Depart
ment upon receipt of bill for the amount certified
to by the ohiceF with whom the deposit was msde.
No deductions for commissions must be made from
the deposits.
Special Advantages Of this Loan
| T. - n .-,,v,, .,-,,-,- 7, - "a. L
rate of interest than any other, and the be.t seor
ANY savings bank which pays its depositOrs in U.
g. Notes. considers that it is py1ng In the hest cir
eulatiug medium Of the COUNTRY a ~
in anything BETTER for its own assets either In
government securities or in notes or bonds payable
in government paper. ---..-- 81.
1t is equally convenient IS 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 a.
eOllaterals for discounts
Convertible into Six per Cent, B.eU
Gold Bond.
In addition to the very liberal interest on tn,
for three years. this privilege of conversion II
now worth about three per cent per annum, for tl,
current rate for 90 Bonds is not less than nine p
cont. premium; and before the war the premium or
six per cent. U s. stocks was over twenty Per cent
twill be seen that the actual profit on this loan
at the present market rate is not less than ten Dc.
cont. por auuum t-
Its Exemption from State or Municf
pal Taxation.
But aside from all the advantages We have emu
merated, special Act ofCOugross eraapss aT bond
aad Treasury notes tro local taratjoa 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 80 great in
ducements to lenders as those issued by the govern.
msnt. In lOther forms Of ofindebtednoss the faitl
or ability Ofprvate parties, or stock companies OF
separate communities, only, is pledged for pay.
menf, while the whole property of the country i.
held to secure the discharge of all the obligation.
Of the United States.
While the government offers the most liberal
terms for its loans it believes that the very strong
est appeal viii be to the loyalty and patriotism O
the people.
SUBSCRIPTIONS WILL GE RECEIVED by the Treasurer
Of the United States, at Washington, the several
Assistant Troasurers and Designated Depositaries,
and by the
First National Bank Of Cleveland, o.,
Second National Bank
and all National Banks which are depOsitariss Of
public money, and
RESPECTABLE BANKS AND BANKERS
Throughout the country will give further iniOrma-
| on and
AFFORD EVERY FACILITY YTosUBsoRBERs. TO
aug22:l69