The Grand Haven news., 1864-10-19
U. $40,


-ibaga 90 "a si.Fss saa.inrig0d TdIh 4
|. "a l1fr 30 .fVr ,-ee r i1 fr
IsTa.s0 d silE 80 ~ Jna
r. .naf5i.W a na Hf fhiIf
The Secretary Of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notcsepnyabic three years from Aug.
18th, 1864, with semi-annual interest attherate
Of seven and thrcc-tenths per cent per annum--
principal and interest both to be paid in lawful
money.
These notes will be convertible at the option
of the holder atmaturity, at 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
examinations of $50, 500, $500, $1,000 and
$4,000, and all subscriptions must be for fifty
dollars or some multiple of fifty dollars.
The notes will be 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 Is
presons making deposits subsequent to that dato
must pay the interest accrued from date of note
to date of deposit.
Parties depositing twenty-five thousand DOL
lars and upwards for these notes at any one timo
will be allowed n commission of one-q,lartor of
one per cent, which win be paid by the Treas
ury Department upon the receipt ofa bill for the
amount, certified to by the officer with whom
the deposit was made. No deductions for com
missions must be made from the deposits.
Special Advantages of this
Loan.
ITIsA NATIONAL SAVINGS BANK, Offering Il
higher rate of interest than any other and The
best security. Any saving banks which pays its
dcpositors in U, S. Notes, considers that it is
the best circulating medium of the country, and
it can not pay in anything better for its own as
sets are either in government securities or in
notes or bonds payable in government paper.
1t is equally convenient as temporary or
permanent investment. The notes can always
be sold for within fraction of their face and
Accumulated interest, and arc the best security
with banks as collaterals for discounts.
Convertible into a Six per cent. $50
~ ga Gold Bond.
In addition to the very liboral interest on tho
notes for three years, this privilege of conver-
sion is now worth about three per cent. per an
mum, for tle current rate for $40 Bonds is not
less than nine per cent pro@ian and before the
war the premium on six per cent T. s. stocks
was over twenty per cents 1t will be seen that
the actual profit on this loan, at the present
market rate, is not leg than ten per cent. per
annum.
It's Exemption from State or Munich
pal Taxation
Busadie from all Che advantages VIC have
cnuporaed, a special Act of Congress orempts
oH bonds and Treasury notes from local taration.
On the averages this exemption is worth about
two per cent per annum, according to the rate
Of taxation in various parts of the country.
tits 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 proper
ty of the country is held to secure the discharge
of all the obligationsof the United States.
While the government offers the most liberal
terms for'its loans, 1t believes that the very
strongest appeal win be to the loyalty and pa
triotism of thcpooplc.
- Duplicate certificates win be Issued for all de-
posits. The party dcpositing must endorse up
on the original certificate the denomination oJ
notes required and whether they arc to be is
sued in blank or payable to order When SO en-
dorsed il must be left with the officer receiving
the deposit, to bO forwarded to the Treasury
Department
suBscnrrrIoNs Will DE REcxyED by the