Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-22
u. 3. 7.SO Loan

The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th. 1854,
with semi-annua interest at the rate Of seven and
three-tenths per cent. per annum--princpal al IN
terest both to be paid in lawful money.
These notes will be convertible at the option oil
the holder at maturity, into six per cent geld bear
ing bonds, payable not less than Eve nor more than
twenty years from their date, as the Government
may elect. They will be issued in denominations oi
$50, 500, $500. $1,000 and $4,000, and all subserp
tions must be for fifty dollars or some multiple OF
fifty dollars.
The notes will be transmitted TO the owners lee OF
transportation charges soon after the receipt Of
the original Certificates Of Deposit as the! ofn be
prepared.
As the notes draw interest from August IS persons
making deposits subsequent to that date wt pay
the interest accrued from date Of note to date Of de-
posit.
Parties depositing twenty-five thousand liars
and upwards for these notes at any one time viii be
allowed commission Of quarter Of one er cent
SPECIAL ADVANTAGES OF THIS LOAN.
TITS A NATIONAL SAVINGS BANK. oflerinr ahgh-
er rate Of interest than any other. and soes secaT
H. Any savings bank which pays its depo itors in
U. s. Notes. considers that it is paying in the best
circulating medium Of the country, and il cannot
pay in anything better for its own assets are either
in government securities or in notes or BON sraya
bic in government paper.
It is equally convenient as n temporary or perma-
nent Investment. The notes can always be sold for
within a fraction of their face and accumulated in
terest and are the best security with bank as col
lateras for discounts.
Convertible into Six per cent $40 Gold Bond.
In addition to the very liberal interest On the
notes for three years. this privilege Of CONVERSE is
now worth about three per cent. per annum for the
current rate for $50 Bonds is not less than inc per
cent premium, and before the war the premium on
six per cent. u s. stocks was twenty per cent.
It will be seen that the actual profit on this oa at
the present market rate, is not less than ten per
cent. per annum.
Its Exemption from State or Municipal Taya-
ton.
But aside from all the advantages we havee umer-
ated, a special Act of Congress erempts opoends
and Treasury notes from local tdsdtion. On the
average this exemption is worth about two Per cent.
per aunum, according to tho rate of taxation in va
rious parts of the country.
ducements to lenders as those issued by the overn
ment In all other forms Of Indebtedness the faith
or ability of private parties, stock companies, or
separate communities, only, is pledged for pa vment
while tho 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 libera te,ms
for its oans it believes that the very strongest ap
peal will be to the loyalty and patriotism Of Il REQ
pie.
Up to the cath of September. the subscripI on to
this loan amounted to over
$4O,OOO,OOO.
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer of the United States, at Washington, the sew
eral Assistant Treasurers and Designated Deposit
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS. OHIO,
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further inorma-
tion and
AFFORD EVERY FACILITY TO SUBSCRl BERs
sepl-2md&w