Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-10-14
u. S. 7-3O LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes payable three years from Aug. 18th, 1871 with
eenanDual interest at the rate OF seven and three
tenths per cent. per annum, principal and interest
both to be paid in lawful money. -
The notes will be convertible at the option of the
holder at maturity into six per cent gold b. airing
| bonds, payable not less than FIVE than
twenty years from their date, the Government
may elect. They will be Issued in denominations of
$50, $780, $780, 81 300 and s5 900, and all subscrip.
lions must be for fifty dollars multiple Of
| fifty dollars. 2, tf..5sf
The notes will be transmitted to tho owners free
of transportation charges after the receipt
of the original Certificates of Deposit Us they can
be prepared.
AS the notes draw interest from August 10, per-
sons making deposits subseguent-to that date must
pay the interest accrued from date Of note to te
of deposit .. ..s.-s. Try
Parties dcpositin9 twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission of onequarter of one pei
cent, which will be paid by the Treasury Depart!
ment upon the receipt of bill for the aniount
titled to by the officer with whom the deposit
made. No deductions for commissions must be
made from the deposits.
SPECIAL ADVANTAGES OF THE LOAN.
IT Is ~ NATIONAL SAVINGS BANK, offering a
higher rate of interest than any other and the best
security. Any Swings bank which pays its deposit
tors in U. s. Notes, Considers that it is paying in the
best circulating medium of the country, and it
not pay in anything better, for its own assets are
either in government securities or in notes bonds
payable in government paper
1t is equally Convenient as n temporary or per.
tndnent investment. The notes can always be sold
for within fraction Of their face and accumulated
interest, and the best security with banks coll
laerals for discounts
Convertible into six per cent. $50 gold BON.
IN addition to the very liberal interest the
notes for three yeors this privilege of conversion is
now worth about three per cent. per annum, for the
current rate for 800 Bonds is not less than nine per
cent. premium and before the the premium on
six per cent L. S. stocks twenty per cent.
1t will be that the actual profit this loan, at
the present market rate not less than per cent
per annuIn. s.,
Its Exemption from State or Municipal
Taxation.
But aside from all the advantages have enum-
Grated, special Act of Congress crempts all bonds
and Treasury notes from local fdcation. On the
average this exemption is worth about two per cent.
annum, according to the of taxation in various
parts of the country
It is believed that securities offer great in
ducements to lenders as those issued by the govern
ment In all other forms of Indebtedness the faith
or ability of private parties stock companies,
scperate communities, 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 liberal
terms for its loans, it believes that the very strong
est appeal will be to the loyalty and patriotism Of
the people.
Duplicate certificates will be issued for all deposits
The party deposing must endorse upon the original
certificate the denomination of notes required and
whether they to be issued in blank payable to
order When so endorsed it must be left with tho
officer receiving the deposit to be forwarded to the
Treasury Department..
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer of the United States, at Washington. the
era Assistant Trcasurers and designated Depositar.
les, and by the
First National Bark of Augusta, Me-
First National Dank Of Bangor, Me.
First Nationai Bank of Bath, Ne.
First NatioAal Bank of Brunswick, Nc.
First National Bank of Lewiston, Nc.
First national Bank Of Portland, Ne.
and BY all National Banks which are depositaries
throughout the country will give further inferma
ion and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
3mos 30