The Portland daily press., 1864-08-29
FINANCIAL.
U. S. 7-30 LOAN.

y. -. OV LUAN.
The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes. payable three yea from August l5 1884,
with semi annual interest at the rate of seven and
threetenths per cent per principal and in
terest both to be paid in lawful money.
These notes will be convertible at the option fthe
holder at maturity. into six per cent gold bearing
bonds. payable not less than five nor more than
twenty years from their date. as tho Government
may elect. They will be issued in denominations OF
nfty. one hundred, Eve hundred. one thousand, and
I've thousand dollars. and all subscriptions must
be for fifty dollars, or some multiple of nfty dol.
lars.
The notes will be transmitted to tbs owners free Of
transportation charges as soon after the receipt Of
the original Certiacates of Deposit as they can be
prepared.
As the notes draw interest from August 49, persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date of de-
post.
Parties deposting twenty-nv thousand dollars
ans upwards for these notes at any time will be
allowed q commission OF one-qnarter Of one per
cent, which will be paid by the Treasury Depart.
ment upon the receipt of bill for the amount, Ger.
tiled to by the officer with whom the deposit was
made from the deposits.
Special Advantages Of this Loan.
IL isa Na.i onai Sarings Bant, Offering a higher
rate Of interest than any other and the best securi
fy. Any rings bank which pays its depositors in
u s. Notes, considers that It is paying in the best
circulating medium Of ,he country, and It cannot
in Government securities in notes or bonds pay.
able in Government paper.
Its equally convenient ~ temprary or perma.
nent Investment The notes can always be sold for
within fraction Of their face and accumulated in.
terest and the best security with banks as colat.
erals for discounts.
Convertible into 6 per cent. $40 Gold Bond.
In addition to the very liberal interest on the
notes for three years. this privilege of conversion IL
now worth about three per cent per annum, for the
current rate for % Bonds is not lees than nine per
cent premium. and before the war the premium on
six per cent u. s. stocks were over twenty per cent
1t will be that the actual profit on this loan at
the present uket rate is not less than ten per cent
per annum.
Its Exemption State or Municipal
Taxation.
But aside from all the advantages we have enum.
Grated. special Act of Congress erempts all bonds
and treasury notes from local tarafion. On the
average, this exemption Is worth about two per
cent. Ter annrm, according to taxation In various
parts Of the country.
1t is believed that no securities offer so great in.
ducements to lenders those issued by the Govern.
ment. In all other forms of Indebtedness, the
faith or ability of private parties stock compan.
les or separate communities only pledged for pay.
ment, while the whole property of the country is
held to the discharge of all the obligations Of
the United States.
While the Government offers the most liberal terms
or Its loans 1t believes that the very strongest ap-
peal will be the loyalty and patriotism Of the peo-
pie.
Subscriptions ciA be receired by the Treasurer Of
the United States, at Washington. the several As.
sisant Treasurers and designated Depositaries and
by the
First National Bank OF Portland, Maine,
and By sll National Banks which are Depositaries
o, public money. and all respectable Banks and
Bankers throughout the country will give further
information. and afford every facility to subscribe
Aug 20-d& Ann