Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-08-12
u. S. $50 LOAN.

= The Secretary of the Treasury gives motto
that subscriptions will be received for Coupe
Treasury Notes, payable three years from Aug
18th, 1864, with semi-annual interest, at tn
rate Of seven and three-tenths per cent. per an
num-principal and interest botho to be paid Il
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 five no
more than twenty years from their date, as tn,
Government may elect. They Will be issued il
denominations of $50, 500, $500, 1000 anc
$4,000, and all subscriptions must be for fifty
dollars, or some multiple Of fifty dollars.
The notes will be transmitted to the owners
free Of transportation charges as soon after thu
receipt ofthc original Certificates Of Deposit as
they can be prepared.
AS the notes draw interest llom 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 dol
lars and upwards for these notes at any one
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 q
bill for the amount, certified to by the Officer
with whom the deposit was made. No deduc
tons for commissions must be made from thu
deposits.
Special Adcaatages Of ibis Loan.
ITIsA NATIONAL SAVINGS BANK, offering
higher rate of interest than any other, and til,
BEST security. ANY savings bank which pays
its depositors in T. S. Notes, considers that it il
paying in the best circulating medium Of thu
country, and it CANNOT pay in anything better
for its own essets are either in Government Sc
curities or in notes and bonds payable in Gov
eminent paper.
1t is equally convenient as temporary o.
permanent investment. The notes can Away
be sold for within a fraction OF their face ant
accumulated interest, and are The best security
with banes as coHaterals for discounts.
Coarc,1i51c into a SIR per cent. $50 GoM Bond
In addition to the very liberal interest on the
notes for three years, this privilege Of CONVEX
sion is now worth about three per cent. per an
mum, for the current rate Of go Bonds is moi
less than nine per cent premium, and before
the war the premium on six per cent. U. S
stocks was over 20 per cent. It will be seer
that the actual profit on this loan, TT lie present
market rate, is not less than ten per cent, per
aunum.
rs Exemption tron stlte or municipal Tazatio"
But aside from all the advantages we have
enumerated, a s.ceial ACT Of Congress erempt'
all Bonds and treasury notes from local taxa
ton. On the average, this exemption is worth
abou, two per cent. per annum, according tc
the rate of taxation in various parts Of the
country
It's believed Ina. no securities offer so great
inducements to lenders as those issued by the
government. In all other forms OF indcotea-
ness 'he i"'h OF "'''''y VI private p'i''''' u
stock companies, or separate communities oH'l
is pledged for payment, "hHe the "ho'' pro-
perty Of the country is held 70 secure inc us
charge OF "lI me o'''s"''o''S 0' 'i'' '''''''
STATES
VINE The government oH'I' 'l' '''os' i''''''''
terms i'I ''S I'"'''' II O'-''' '''''' INV
strongest appeal VIII W '''' ''' '''' ''''' ''
,,,,,r.,, ..,.te..to. ,,.;rr,o t..,,,l lor all de-
....;......, ,,,.. ,,.,,.,so mn.
on the o,to.nal certificate the denomination Of
notes required, and whether they are to be is
SUI" ia "'"NN vi pay '''o ~ '''~'' N