Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-09-29
u. S. 7-3O Loan.

The Secretary of the Treasury gives notice
that subscriptions Will be received f,r Con.
pom Treasury Notes, payable three wears from
Aug. 18th, 1864, with semi-annual interest at
! the rate of seven and three-tenths per cent.
per nnum,-prncipal and iatcrcst both TO
be paid in lawfu! money.
These notes will be controvcriible 1T the
option 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 will BE issued in denominations Of $50,
800 $500, $1,000 and $4,000, and an sub
scriptions must be for fifty dollars or some
Fmultiple 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 Augustus, 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 ana upwards for these notes at
any one time will be allowed commission Of
one-qrartar ofone per cent. which will be paid
| bv the Treasury Department upon the receipt
Of bill for the amount certified to by the Off
I Ger with whom the deposit was made. No
deductions for commissions must be made
from the deposits
Special Advantages Of this Loan.
IT'S NATIONAL SAVINGS BANK offering a
higher rate of interest than any other, and
TIE best seemjty. Any savings bank which
pays It's depositors in {. S. Notes, considers
that it is paving in the best circulating medi-
um of the country, and it eo7aaot 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 a fraction of their
face an3 accumulated interest, and are the
best security with banks as collaterals 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 |
per annum, for the current rate for $50 |
Bonds is not less than nine per cent. preniosna
and before the war the premium on six per |
cent. [. S. stocks was over twenty per cent. |
1t will be seen that the actual profit on this |
loan, at the present market rate, is not less |
than ten per cent per annum.
It's Exemption fl om State or Municipal
Taxation.
But aside from all the advantages we have |
enumerated, a special Act of Congress etempts |
all JonLS and Tycasu,y notes from, locci tara-
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
debtedness, 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 libe-
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 dopositins 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
officer receiving the deposit, to be forwarded
to the Treasury Department.
Subscriptions will be received by the Treas
urcr of the United States, at Washington, the
several Assistant Treasurers and designated
Depositaries, and by the
First National Bank of Janesville, 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 deposi- l
taries of Public money, and all
BANKS AND BANKERS
throughout the country viii give further in
formation and
ff,6r1 eyery FuciIity to Subscribers.