Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-09-22
FINANCIAL.
TT S. SEvEN-THIRTY LOAN.

~
The Secretary Of the Treasury gives notice that
subscriptions viii be received for Coupon Treas
ury Notes, payable three years from Aug. 18th,
1864, with semi-annual interest at the rate Of
seven and tbree,enths per cent per annum,-
principal and interest both to he paid in Lawful
money,
These notes will be convertible at the option OF
the holder al maturity, into six per cent gold
bearing bonds, payable not less than five nor
more than twenty year. from their date, as the
Goyernnsn: mss elect, They will be issued in
deuominatior. Of $50, eco, ,5os, sl,coo and
$500 and I'll subscriptions must be for ffty dol
lars q some multiple Of hfty dollars.
The notes viii be transmitted 10 the owners
free Of transportation charges as soon aiter the
receipt of the original Certificates Of Deposit a.
they can be prepared
A. the notes draw interest from August 18th,
persons making deposits subsequent 10 that date
must pay the interest accrued from date Of note
10 date Of deposit.
Parties dtpositing twenty-five thousand dollars
and upwards for these notes at any one time will
be allowed commission OF one-quarter of one
per cent, which VII be paid by the Treasury De-
psrtInent upon the receipt OF bill for the amount
certified to by The officer with whom the depont
was made No deductions for commissions must
be made from the deposits.
SPECIAL ADVANTAGES OF THIS LOAN,
Its National SAVINGS Bank, offering Q high
er rate Of inieres, than any other, and the BRSC
| SECURITY. Any savings Bank which pays IL
depestors in L, s. Notes, considers that il Is pay
ing in the bes. circulating medium Of the GOWN
try, and il CANNOT pay in anything better, for
its own assets are either il government securi-
A. -, hap do IN NJ
paper.
1t IL equally convenient n a temporary o. per-
| manent investment. The Aotes can always be
sold for within fraction Of their face and aocu-
mulated interest, and are the best security with
| banks as collaterals for discounts.
CONVERTIBLE INTO A SIX PER CENT.
5-2O GOLD BONE.
| In addition 10 the very liberal interest on the
notes for three years this privilege Of eonversioa
| is now worth about three per cent per annum,
for the eurren. rate for $40 Bonds is not less
than NINE PER CENT PREMIUM, and before
| the war the premium on six per cent U. S. Stocks
was over twenty per cent II viii be seen that
the actual profit on this loan, at the present
ket rate, is not less than ten per cent per an
mum
| ITS EXEMPTION FROM STATE OR MT NJ
/ tlIAl@ IAAAltON.
| But aside from all the advantages We have ta,.-
mersted, a special Act of Congress EXENl' !
ALL BONDS and TREASURY NOTES Fl
| LOCAL TAXATION On the average, this .
| emption is worth aboE. two per cent per anl am,
according to the rate Of taxation in various paris
| Of the country
! Islt is believed that securities offer so great
inducements 10 lenders as those issued by the
government. In all other forms OF indebtedness
the faith or ability Of private parties, OF stock
companies, or separate communities, only, il
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 mort liberal
terms for its loans, it believes that the very
strongest appeal viii be 10 the loyalty and patri.
otism of the people.
Subscriptions will be received by the Treas
urer of the United States, at Washin gtoI, thu
several Assistant Treasurers AMI designated De
positsries, and By the
NATIONAL BANK OF BRANDON,
and by al National Banks which are deposiiarie
Of public money, and all
RESPECTABLE BANKS AND BANHERl
throughout the country viii give further intor
nation anu afford
EVERY FACILITY TO SUBSCRIBERS.
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