The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1865-01-11
u. s. Loan.

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The sscretsry efthe Treasury gives notios
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug.
18th, 1884, with semi.annual interest al the
ratio Of seven and three.tenths per cent. per
annum,-principal and interest both to be
paid In lawful money. |su
Z These notes will be convertiblsat the option
Of the holdor al fnsturity, into six per oent,
gold bearing bonfs, payable not less than fys
nor moSethfn twenty years frcn ..Neir date,
as the aever amcpt may elect. The will b.,
issued in denominations Of 81 S!e, $500
81 900 and 5000, and ais h'mt ii .must
DO for fifty dollars or scms % IN Of ffy
dollars.
The netes will be transmitted TO The owners
free Of transportation charges as soon after
the receipt Of the original Certificates as they
can be prepared. 0i93 VIZ q '''
As the notes draw interest rom August IS
persons making deposits subsequent TO tina
date must pay tie interest accrued from date
Of note to date Of deposit. ,,, ,.I r5 tsai
Parties depohting twenty-five thouand dol
lars and upwards for these notas at any time
win be allowed q commission Of ~one-quarter
Of one per cent, which will be paid by the
Treasury Department upon the receipt Of =
bill for the amount, certified to by the officer
with whom the deposit was made, No deduo.
tions fop commissions must DO n AIDE from the
deposits. l1rm noJd '
SPECIAL ADVANTAGES OF THIS
sai LOAN.
IT Is A NATIONAL SAvno BAsK, offering .
higher rate Of interest than any other, and
the best security. Any saving bank which pays
is depositors in U.s Notes, consider that It
is paying in the best circulating medium Of
the country, and it eannot pay in anythir 6
better, for Its own assests are either in govern
ment securities or in notes or bonds payable
In government paper.
II is equally convenient as . temporary or
perman emit Investment. The notes can always
be sold for within q fraction Of theiI face and
accumulated interest, apd are the best security
with banks as cOllatsrsls for discounts.
Convertible into a Six per cent, $40
raIo .aa Gold Bond.
In addition To the very liberal interest on
the notes for three years, this privilege Of con
version is now worth about three per cent. per
annpm, for the current rate for s 20 Bonds io
not less than ninspsr cent. premium, and before
the war the premium on six per cent. q. 8.
stocks was ever twenty per cent. 1t will be
seen that the actual profit on this loan, o title
present market rate, 10 not less than ten per
cent. per annum. Ed .
Exemption from State or Mani.
cipal Taxation.
But aside from all the advantages we have
enumerated, q special Act of Congress szemp,
all bonds and Treasury notes from local taxation
On the average, this exemption is worth about
two per cent. per anppm, according to the rat'
Of tsyatiop in various parts Of the country.
It is believed that no securities offer SO grea
induce mspts 10 lenders as those issued by tn,
government. In oil other forms Of in debtOt
ness, the faith or ability Of prisate parties, OF
stock companies, or separate communities
only. is pledged for payment. while the Who'll,
property Of the country Is held to secure tn
discharge Of all the obligations Of the Unite'
States.
ethe government offeFsthe most libe
for It's loans, IL believes that the vet
est appeal will be to the loyalty and pi
riotism Of the people.
Duplicate certificates will be issued for Of
deposits. The party depositing must endors,
upon the original certificate the denomination
Of notes required, and whether they are to b,
issuld in blank or payable to order. Whel
so endorsed it must be left with the officer re
ceiving the deposit, to be forwarded to tn
Treasury Department.
SUBSCRIPTIONS WILL BE REorIvED BY th,
Treasurer Of the United States, OF Washing.
ton; the several Assistant Treasurers and des
,guatsi Dspositaries, and by the
FIRST NATIONALLY BANK OF
ASHLAND OHIO