American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-08-24
u 8. z-1O Loan

The Secretary of the Treasury gives notice that sub
scrptons viii be received for Coupon Treasury Notes,
payable three years from Aug I5th 1884, with semla-
nua interest at rate of seven and threetenths per
cent per unnumprncpal and interest both to paid
| in lawful money
These notes will be convertible at the option Of the
holder at maturity into per gold bearing bonds
payable not less than five nor more than twenty years
from their date, as the Government may elect. They
will be issued in denominations of $50 $780, $780, OO9
and IS 000 aud all subscriptions be for ty dollars
o multiple of fifty dollars.
The notes will be transmitted to the free of
transportation charges after the receipt the
original Certificate Deposit as they can be prepared
As the notes draw interest from August Is, persons
making deposits subsequent to that date must pay tho
interest accrued from date Of note date of deposit
Parties depositng twenty-five thousand dollars and
upwards for these notes at any time will be allowed
commission of one-quarter of per cent, which will
be paid by the Treasury Department upon the receipt
bill for the amount certified 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 IS NATIONAL SAVINGS BASD offering higher rate
of interest than any other and tie best security. ANY
savings bank which pays its depostors in u s. Notes.
considers that iii paying in ii best circulating medium
Of tho country and it cannot pay In anything better for
its own assets either in government securities In
notes or bonds payable in government paper.
1t is equally cOnyeniet a temporary permanent
Investment. The notes can always be sold for within
fraction Of their face and accumulated interest and
the security with banks coatera for discounts
Conver rtible into Six per cent $40 Gold Bond.
In addition to tho very liberal interest the notes for
three years. this privilege of conversion is worth
about three per cent per annu for the current rate for
$40 Bonds is not less than nine per cent Premium and
before the the premium in six per cent u s. stocks
was over twenty per cent. 1t will be that the
ua prot this loan at the present market rate is not
less than ten per cent. per annum.
It's Exemption from State Municipal Taxation.
But aside from all the advantages VIC have enusera-
ted special Act of Congress ersmpts all bonds and
Treasury notes from laeaI tazaion. On the average
this exemption is worth about per cent per annum,
occong the rate Of taxation in various parts of the
country.
Its believed that securities offer great induce
ments to lenders as those issued by the government
In all other forms Of indebtedness the faith ability
Of private parties stock companies, separate
muDitos ouly is pledged fsr payment while the whole
property 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 believes that the very strongest appeal
will be the loyalty and patriotism Of the people.
Duplicate certificates will bo issued for all deposits
The party deposting must endorse upon the original
certificate the denomination of notes required, and
whether they are to be issued in blank payable to
der When so endorsed it must bo left with the officer
receiving the deposit to be forwarded to the Treasury
Department.
SUBSCRIPTIONS WILL DE RECEIVED by the Treasurer
the United States Washington the several Assistant
Treasurers and designated Depositaries and by the
First National Bank of
Allegheny City, Pa. First, Second, and Third National
Banks of Pittsburgh, Pa, and by all National Banks
which are depositaries of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further information and
AFFORD EVERY FACILITY TO SUBSCRIBERS.