Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-11-11
U. S. 100 LOAN.

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug.
18th, 1864, with semi-annual interest, at the
rate of seven and three-tenths per cent. per an
num-principaI and interest botho to be paid N
lawful money.
These notes will be convertible at the 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 $50, 500, $500, $1,000 and
SO, 900, and all subscriptions must be for afy
dollars, or some multiple of fifty dollars.
The notes will be transmitted to the owners
free of transportation charges as soon after the
receipt ofthe original Certificates of Deposit as
they can be prepared.
As the notes draw interest from August 10Th.
PSlaOho li'hlH5 uepoolto supetqueut W lnhb
date must pay the interest accrued from date Of
note to date Of deposit.
Parties depositng twenty live thousand dol
lars and upwards for these notes at any one
time, will be allowed commission of one
quarter Of one per cent, which will be paid by
the treasury department upon the receipt Of q
bill for the amount certified to by the officer
with whom the deposit was made. No dedue-
tions for commissions must be made from the
deposits.
Special Advantages Of this Loan.
IRIS NATIONAL SAVINGS BANK offering
higher rate of interest than any other, and tho
BEST security. Any savings bank which pays
its dopostors in T. S. Notes, considers that it is
paying in the best circulating Medium of the
country, and it CANNOT pay in anything better.
for its own essets are either in Government Sc
curities or in notes and bonds payable in Coy.
eminent paper
It is equally convenient as a temporary OF
permanent investment The notes can always
be sold for within fraction of their face and
accumulated interest, and are the best security
with banes as collaterals for discounts.
Convertible into Sir per cent. $40 Gold Bond.
In addition to the very liberal interest on the
notes for three years, this privilege of CONVEX
sion is now worth about three per cent. per an
nun, for the current rate Of 500 Bonds is NOT
less than nine per cont. premium, and befors
the war the premium on six per cent. U. S
stocks was over 20 per cent. 1t will be seen
that the actual profit on this loan IT the present
market rate IS not less than ten per cent, per
annum.
lis Exemption from state or pluaieipa! TiardtioH.
But aside from all the advantages we have
enumerated sseeial act OF Congress ereHpts
all Bonds and treasury notes from local taxa
ton. On The average, this exemption is worth
about two per cent, per annum, according to
the rate Of taxation in various parts Of the
country.
1t is believed that no securities offer so great
inducements to lenders as 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,
is pledged for payment, while the whole pro-
perry of the country is held to secure the dis
charge Of all the obligations Of the United
States.
While the government offers the most liberal
terms for its loans, it believes that the very
strongest appeal will be to the loyalty and pat
riotism of the people.
Duplicate certificates will be issued for all de-
posts. The party depositing must endorse up
on the original certificate the denomination OF
notes required, and whether they are to be is
sued in blank or payable to order. When SO
endorsed it must be left with the officer receiT-
ing the deposit to be forwarded to the Treas
ury Department.
SUBSCRIPTIONS will be received by the Treas
urer Of the United States, at Washington, the
several Assistant Trcasurcrs and designatedDe-
positaries, and by the
First National Bank of Bennington, VT,
First National Blk Of North Bennington, VT,
Brandon National Bank of Brandon, Vt,
FIRST National Bank of Springfield, VT,
FIRST National Bank of St. Adams, VT,
and by all National Banks which are deposita-
iies Of public money, and
III Respectable Banks and Bankers
throughout the country will give further IN
formation, and
Afford erery Fucilig to Subscribers