Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-09-15
q. S. 7-3O Loan,

u. S. 7-3O Loan.
The Secretary of the Treasury gives notice
| that subscriptions will be received for Cou-
/ pom Treasury Notes, payable three years from
Aug 18th, 1854. with ssmi-annual interest at
| the rate of seven and three-tenths per cent.
per annum,-principal and interest both to
| be paid in lawful money.
These notes will be controvertibe at the
ep:ion of the holder at maturity, into six per
cent gold bearing bonds, payable not less
than FIVE nor more than twenty years from
their date, as the Government may elect
They vii, be issued in denominations of $50,
800, $500, $1,000 and $1,000, and all sub
scriptions 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
the receipt of the original certificates of de-
posit as they can be prepared. As the notes
draw interest from August 70 persons making
deposits subsequent to that date must pay the
! interest accrued from date Of note to date of
deposit Parties depositing twenty-five thou
! sand dollars and upwards for these notes at
any one time will be allowed commission OF
one-qrartor of one per cent. which will be paid
bv the Treasury Department upon the receipt
Of a bill for the amount, certified to by the ohi-
Ger with whom the deposit was made. No
deductions for commissions must be made
from the deposits.
Special Advantages Of this Loan
Ir1sA NATIONAL. SAVINGS BANK, offering a
HIGHER rate of interest than any other, and
the best security. Any savings bank which
paws its depositors in .. S. Notes, considers
that it is paving il the best circulating medi-
UNI Of the country, and it cannot pay IN any
thing better, for its own assets are either IN
| government securities or in notes or bonds
payable in government paper.
| 1t is equally convenient as temporary or
permanent investment. The notes can al
WAYS be sold for within L fraction OF their
| face and accumulated interest, and are the
! best security with banks as colaterals for dis
counts.
Convertible into Six per cent. $50
Gold Bond.
In addition to the very liberal interest on
the notes for three years, this privilege for
conversion is now worth about three per cent
ner annum. for the current rate for $40
Bonds is not less than nine per rent. pTen2jn1s
and before the war the premium on six per
cent Z. S. stocks was over twenty per cent.
It will be seen that the actual profit Oh this
loan, at the present market rate, is not less
than ten per cent. per annum.
Taxation.
But aside from ali The advantages We have
enumerated, a special Act Of Congress ctempts
all bonds and Treasury notes from local ta1a-
ton. On the average, this exemption is worth
about two per cent. per annum, according to
the rate of taxation in various parts of the
country.
1t is believed that no securities offer SO
great Inducements to lenders as those issued
by the government. In all other forms OF in
debtcdness, the faith or ability Of private
parties or stock companies, or separate com
munities, 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.
While the government offers the most iibe-
raj terms for its loans, it believes that the
very strongest appeal will be to the loyalty
and patriotism of the people
Duplicate certificates will be issued for all
deposits. The party dcpositing must endorse
upon the original certificate the denomina-
ton of notes required, and whether they are
to be issued in blank or payable to ORDER
When so endorsed it must be left with the
offic- T ecciving the deposit, to be forwarded
to the reasury Department.
Subscriptions will be received by the Treas
urer of the United States, at Washington, the
several Assistant Treasurers and designated
Depositarics, and by the
First National Bank of GAINESVILLE, Wis.
First National Bank of Milwaukee, Wis.
First National Bank of Madison Wis.
First National Bank of Monroe, Wis.
and by all National Banks which are dcposi-
taries Of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country viii give further in
formation and
4 ford every Facility to Subscribers.
32m3
NEW G00DS