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The New Government Loan

The New Government Loan image
Parent Issue
Day
5
Month
August
Year
1864
Copyright
Public Domain
OCR Text

Secretar} FessendeD, undcr authonty of an act of Congrejs of July last, to issue an amount not to excced $70,000,000 in treasury uotes, etc., lias to-day given notice tbat subscriptiona will bo received by the Treasurers of t!ie United States, the seveval assistant treasurers and designated depositarios, and by the Díitional banks designated and qualified as depositarles, and financial agents for Treasury notes, payable three years froin August lötb, 18(34, bearing interest at the rate of 7 3-lÓe. per annum, with semi-annual coupons attachcd, payable in lawfui money. These notes will be convertible at the option ol the bolder at maturity into six per cent. gold bearing bonds, rcdeomable after five and payable twenty years from August lötli, 1867. The rotes will be issued in nominations of $50, $100, 500, ? 1,000, and $5,000, and in blank, or payable to order as taaj be directed by the subscribers. All subsoriptions must be for $50 or some multiple of $50. Interest will be allowed to August löth on all deposits made previous tó that date and paid by the department upon receipt of the original eertificates, as the notes draw interest frora August 15th. Persons naking deposita subsequent to that date must pay the interest acerued from the date of the note to the date of the deposit. Parties depositing $25,000 and upward for these notes at any 0De time will be allowed a commission of J of 1 per cent., which will be paid by the ïreasury Department upon the receipt of a bilí for the amount certified to by the officer with whom the deposit was made. No deduetions for commissions must be made from the deposits.

Article

Subjects
Old News
Michigan Argus