Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1864-10-08
u. s. 80 LOAN.

The Secretary of the Treasury gives notice that sub
scriptions will be received foE COupon Notes,
pavabe three years from Aug 18Th, 1884, with serni-
annual interest the rate of and threeenibs
per cent per snnumprincpa and interest both to be
paid in lawful money.
These notes will be convertible at The option % the
holder at maturity, into six PER cent gold bearins
bonds payable less than five than twenty
wears from their date, the Government may eie -
They will be issued in denominations Of SOL slo0, $50.
81 $50 and $780, and al subscriptions must he for fifty
dollars or some multiple of fifty dollsrs.
The notes will he transmitted to the owners free
transportation charges after the receipt Of the
original Certificates Of Deposit they be pre-
pared.
As the notes draw interest from August Is, persons
making deposits subsequent to that date must the
interest accrued from date of note to date of dePast
Parties deposi'ing twenty-five thousand dollars and
upwards for these notes any time will be allowed
commission Of ore-quarter Of per cent, which
win he paid by the Treasury department upon the re-
ceipt of bill for tire certified by the officer
with whom the deposit made No deductions for
commissions must be made from the deposits.
SPECIAL ADVANTAGES OF THIS LOAN
ItlS BANK, eHerlng hlgner fdfe OF
Interest than any other and tine best security Any
savings bank which pays Its depositors in U. Notes.
considers that it pay ing in the best circulating med
um Of the country, and it pay in anything bet
ter for its assets either in government secui
ties or in notes bonds payable ia paper
1t isequally convenient temporary or permanent
investment. The notes always De sold for within
fraction Of their face accumulated interest and are
the best security with banks eoaeras for discounts
CONVERTIBLE INTO a SIX Il CENT. $40
GOLD BOND,
In addition to the very liberal ntereson the note for
three years. this privilege of conversion is worth
about three per cent per annum for the current rate
for $50 Bonds is not less than nine per cent. premium,
and before the the premium per cent. L. s
stocks twenty per cent. It viii lie that
the actual profit this loan. at the present market
rate, is not less than tea per cent. PER annum.
ITS EXEMPTION FROM STATE OR MUNICIPAH
TAXATION.
But aside from ali the advantages We have enumers
ted, special Act OF Congress exempts all bonds and
Treasury notes from local taxation. On the average.
this exemption is worth about per cent. per
according to the rate OF taxation In various parts CT the
country.
II believed that securities offer great induce
mcnts to lenders AZ those issued by the government
In al other of Indebtedness the faith or ability
of private parties stock companies, separate c
muuilies only is pledged for payment, while the whole
property of the is held 10 the discharge
of all the obligations Of the United. States.
While the government offers the most literal terms
for its loans believes that the very strongest appeal
will be to the loyalty and patriotism Of tie people.
Duplicate certificates will be issued for all deposits
The party deposiiing must endorse upon the original
certificate the denomination of notes required, and
whether they to be issued in blak payable to
order When SO endorsed 1t must be left with the OIL
Ger receiving the deposit be forwarded 10 the Treasu
~ Department.
Subscriptions will be received by the Treasurer Of the
Unted States, at Washington, the several Assistant
Treasurers and designated Depositares. and by the
FIRST NATIONAL BANK OF ST PAUL,
and by all National Banks Which depositaries
public money, and sll respectable Banks and Bat keTs
throughout the country will give further information
and afford every facility to subscribers.