The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-10-07
]. ). 2-3Q loan


The Secretary Of the Treasury gives motto,
that snoscri iptions will be received for Coupon
Treasury Notes, payable three years IRON Aug.
18Th, 1864, with semi annual interest at the rs 10
Of seven and three ,en,hs per cent per annum-.
principal and interest both TO be paid in lawful
money.
These notes will be convertible, at he 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 so dollars, 100 dollars, 500 dol.
lars, 1000 dollars, and 5000 dollars, and all
subscriptions must be for 6f,y dollars or some
multiple OF fifty dollars.
These notes will be transmitted 10 the owners
free Of transportation charges as soon after the
receipt Of the original Certificates of Depo.i, as
they can be prepared.
As the notes draw interest from August 18Th.
persons making deposits subsequent to tina, date
must pay the interest accrued from the date Of
note to date Of deposit
Parties deposiiing twenty five thousand dol.
lars and upwards for these notes ut any one time,
will be allowed a commission oi one quarter Of
one per cent, which will be paid by the Treas.
ury Department upon the receip; oI n bill for the
amount, certified to by the officer with whom
the deposit was made. No deductions tor com.
missions must be made from the deposits
Special Advantages Of this LOAN.
1T NATIONAL SAVINGS B,SK offering high.
er rate OF interest than any other and the best &C.
ohrify. Amy savings bank which pays It's depos.
in =
in the hes circulating medium in the country,
andit cannot pay in anything better, for its own
assets are either in government securities or in
notes or bonds payable in Government poper.
It's equally convenient as a temporary or a
permanent investment. The notes can always.
be sold for within fraction Of their face aud ac.
cumulated interest. and are the best security
with banks a. collaterals for discount
Convertible Into a 6 per {. $40 Gold Bond.
In addition to the very liberal interest on the
notes for three years, this privilege of couver.
sion 10 now worth about per cent. per annum.
Tor the current rate for $50 Bonds is not less
than nine per cent, premium, and before the wa
the premium on per cent. U. S stocks was over
twenty per cent. It will be seen that the actua,
profit on this loan, It the present market rate,
is not less than ten per cent. per unnum.
Its Exemption from State or Munici-
pal TaxatiOn...But, aside from all the ad.
vnntages we have enumerated, a specia. Act
OF Congress erempn all bands aud Treasury otes
FROM local taration. On lhe avernge, this ex.
emption is worth ubout two per cent per an.
mum, according to the rate OF taxation in vari.
Gus parts Of the country.
1t is believed that no securities offer 50 great
inducements TO .endors a. those issued by the
Government. In all other forms Of indebted.
ness, the faith or ability Of private parties or
stock companies,or separate communities, only, l
is pledged for payment, while the whole property
Of the country is held to secure the discharge
oil the obligations Of tine United States.
While the Government offers the most liberal
terms for it's loans, 1t believes that the very
strongest appeals will be to the loyalty and pat.
riotism Of the people. s'.>N 3 '-tIl
Duplicate certificates will be issued for all de.
Posits The party deposi,ins mus, endorse upon
the original certificate the denomination OF notes
required, and whether they nre to be Issued In
blank or pay able TO order. When 70 endorsed
mus be left with the officer receiving the de.
posit, TO be forwarded to the Treasury Depart.
ment
SUBSCRIPTIONS Will BE RECEIVED by the Treas.
u.er Of the United States, at Washington, the
several Assistant Treasurers and designated
Depositaries, and by the
FIRST AND SECOND NATIONAL BANKS
of Cleveland, Ohio, and by all National Banks
which are deposita ries Of public money, and
ALL RESPECTABLE BANKS 4 BANKERS