Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-10-15
q. S. 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 sem-snnual interest at the rate of seven and
thros-tenths per cent. per annum-principsI and
interest both to be paid in lawful money.
These notes Will be convertible at the option of
the holder at maturity into six per cent goId-bsar-
ing bonds, payable aot less than Eve more than
twenty years from their date, as the Government
may elect. They will be Issued in denominations of
s5o 500, $500, 81 coo and 5000 And all suhsorp-
tiOns must be for fifty dollars or some multiple of
fifty dollars.
The notes will he transmitted to the owners free
Of transportation charges as soon after the receipt
of the original Certificates of Deposit as they can
be prepared.
As the notes draw interest from August 10, por-
sons making deposits subsequent to that date must
pay the interest accrued from date of note to date
of deposit.
Parties depOsiting twenty-five Thousand dollars
and upwards for these notes at any one time will be
allowed = commission of One-quarter Of one per
cent.
Special Advantages OF this Loan
ITIsA NATIONAL SAVINGS BANK, Offering higher
rate of interest than any other, and he 6est security
Any savings bsnk which pays its depositors in o.
s. Notes. considers that IT is paying in the hest cir
cuIasiug Medium of the country, and it oassoi pay
in anything BETTER for its own assets are either in
government securities or in notes bonds payable
in government paper.
1t is equally conVenisnt az q temporary or psr-
manent investment. The notes can always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks As
coIlstersls for discounts.
Convertible into Six per Cent, 5.so
Gold Bond.
In addition to the very liberal interest on the
notes for three years. this privilege of conversion Is
now worth about thres per cent per annuu, for the
current rate for $50 Bonds is not Isss than nine s
cent. Premium and before the war the premium on
six per cent. Q. s. stocks WAS over twonty per cent
It will be that the actual profit on this loan,
st the present market rate is not less than ten per
cen. per annum.
Ias Exemption from State or SunicI.
DsI Taxation.
But aside from ali the advantages we have emu
merated, special Act of Congress s1enpts all bod,
and Treasury notes from loorI tazaton. On the aver
age, this exemption is worth about two per coat.
per euDum, according to the Of taxation in "a
rious parts Of the country.
1t is believed that securities oner 50 great IN
dHcements to lenders those issued by the govern
ment In all other forms Of indebtedness, the faith
ability of private PARTIES or stock companies, or
separate communities, only, is pledged for pay
ment while the whole property of the country is
held secure the discharge OF all the obligations
o the United States.
While the government offers the most liberal
terms for its Ioans it believes that the very strong
est sppeaI will be to the loyalty and patriotism OF
the people.
Up to the 24th OF September, the subscriptions to
this loan amounted to over