The Portland daily press., 1864-10-08
FINANCIAL.
U. S. 7-30 LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes. payable three years from August Is. 1854.
with semi annual interest at the rate of seven and
three-tenths per cent per erannum-principal and in.
terest both to be paid in lawful money.
These notes will be convertible at the option ofthe
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
nlty one hundred, five hundrt d, one thousand, and
nVe Thousand dollars, and ali subscriptions must
be for fifty dollars, some multiple of fifty dol
Lara.
The notes will be transmitted to the owners free OF
transportation charges after the receipt OF
the original Certificates of Deposit they can be
prepared.
As the notes draw interest from August l5 persons
making deposits subsequent to that date must pay
the interest accrued from date of note date of de-
posit.
Parties depositing twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed a commission OF one-qnarter of one per
cent.
Special Advantages Of this Loan.
E is National Savings Bank, Offering a higher
rate of interest than any other and the best secr
ty. Any savings bank which pays its depositors in
U. s. Notes, considers that is paying in the best
circulating medium of The country, and it cannot
pay in anything better for Its assets are either
in Government securities or in notes or bonds pay
able in Government paper.
1t is equally convenient as temprary or perma
nent investment. The notes can always be sold for
within fraction of their face and accumulated in
terest, and the best security with banks coat
erals for discounts.
Convertible into 6 per cent. $40 Gold Bond.
In addition to the very liberal interest the
notes for three years. this privilege of conversion is
now worth about three per cent per annum, for the
current rate for $40 Bonds is not less than e per
cent premium, and before the war the premium on
six per cent u. s. stocks over twenty per cent.
1t will be that the actual profit this loan,
the present market rate is notless than per cent
per annurn. HG ~
Its Exemption from State or Municipal
Taxation.
But aside from all ths advantages we have enum-
Grated special Act of Congress erempts all bonds
and treasury notes from local tGrGtion. On the
average this exemption is worth about two per
cent per annum, according to taxation in various
parts of the country.
1t is believed that securities offer so great n.
ducements to lenders those Issued by the Govern
ment In all other forms of Indebtedness, the
faith or ability of private parties, stock compan
Ies or separate communities only is pledged forpay
ment while the whole property of the country is
held to secure the discharge of all the obligations OF
the United States.f
Whilethe Government offers the mostliberalterms
for its loans it believes that the very strongest ap
peal will be to the loyalty and patriotism of the peo
pie.
Up to the Oath of September, the subscriptions to
this loan amounted to over