The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1865-07-12

us. $50 loan.
THIRD s Il q
s%23O,OOOOOO.
By authority Of the Secretary Of the Trea-
sury, the undersigned, the General subscrip-
ton Agent fyr the sale Of United States Sc
c%urities, ~offers'to the public the third series
Of Treasury Notes, bearing seven and three.
tenths per cent. interest per annum, known
% the
7-3O LOAN.
These notes are issued under date Of July
10, 1866, and are PAYABLE three years from
that date in currency, or are convertible at
the option of tie holder inso
U. s. 500 STR per cent.
GOLD BEARING B o N D 8.
These Bonds are now worth o handsome
premium. and are exempt, as are oil the Gov
ernmeat Bonds, from State, County, and Mu-
nicipal taxation, which adds from one to three
per cent, per annum to their value, according
to the rate levied upon other property. The
interest is payable semi,annually by coupons
attached to each note, which may be cut of
and sold to any bank or banker.
The Interest at 13O per cent a.
nj cunts SO
One cent per day on n ESQ note.
Two cents per day on a 900 note.
twenty cts. pei day ON a $1,000 hote
One Dollar per day on a $4,000 dote.
Notes of all the denominations named will
be promptly furnished upon receipt Of sub
criptions.
The MOTIFS of this Third Series are reecise.
ly similar in form and priv eyes to the Sew
en-. Thirties already cold. except that the Gov.
crnment reserves to itself the option Of pay
ing interest in gold coin at 9 Der cent, in
ttead Of 7 S-l0ths in currency. Subscribers
will deduct the interest in currency 10 July
18th at the time when they subscribe.
The delivery Of the notes of this third ,e
ries # the Seven. thirties will commencoi
the LIST of June, and will be made promptly
and continuously after that date.
The slight change made in the conditions Of
this THIRD SERIES affects only the matter
Of interest. The payment in gold, If madel
will be equivalent to the currency interest Of
the higher rate.
Ehe return to specie pay nents, in the event
of which only will the option TO pay interes
in Gold be availed Of, would so reduce and
equalile prices that purchases made with six
per cent. in gold wou dbo fully equal to those
made with seven and three-tenths per cent.
in currency. This is
The Only Loan in Market
Now offered by the Government, andits Supe
rior advantages make It the
Great Popular Loan of tie People.
Less than $3.50, oOO, 900 Of the Loan au.
thorized by Congress are now on the market
This amount, at the rate of which II is being
absorbed, will all be subscribed for within
sixty days, when the notes will undoubtedly
command a premium, as has uniformly been
the case on closing the subscriptions to other
Loans.
In order that citizens Of every tewn and
section Of the country may be afforded facili
ties for taking the Loan, the National Banks.
and Private Bankers throughout the country
have generally agreed TO receive subscrip-
tions at par. Subscribers will select their
own agents, in whom they have confidence,
and who only are to be responsible for the
delivery Of the notes for which they receive
ord.rs.
JAY COOKE,
Subscription Ag't Philadelphia
Subscriptions will be received by the
First National Bank of Ashland,