Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-09-29
u.S.7-30 Loan

The Secretary Of the Treasury gives notice thGt
subscriptions will be received for Coupon Treas
ury Notes, payable three years from August 18th
1864. with sem-annual interest al the rate of sew
en- and three tenths per cent. per "nnum,-prin-
cipal ana interest both to be paid in lawful money
These notes will be convertible NJ the option OF
the holder at maturity, into six per cent gold
bearing bonds, pay able not less than five nor
more than twenty years from their date, as the
Government ma, elect They will be issued in
determinations OF soc sloo, 5000, 81 900 and So
600 and all subscriptions must be for aiiy cotiars
or some multiple of fifty dollars.
These notes will be transmitt,d to the owners
free Of transportation charges soon after the
receipt of the original Certificates of Deposits as
they can be prepared.
AS the notes draw interest from August Is, per-
making deposits subsequent to that date
must pay the interest accrued froll d-1e eli note
to date of deposit.
Parties deposiing twenty five thousand dollars
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 De-
partment upon the receipt of bill fer the amount
certified to by the officer wit whom the deposit
was made. No deductions for commissions must
be made from the deposits.
Special Advantages Of this Loan,
IT Is A NArIoSAL SAvlxes BANK Offering high
er rate of interest than any other, and the best
cursfy. Any savings bank which pays its depos-
itors in L. S. Notes. considers that l. is paving
in the best circulating medium of the country.
and it cgnnot pay in anything better, for its own
assets are either in government securities or in
notes and bonds payable in government paper.
II is equally convenient as temporary or per
manent investment. The notes can always be
sold for within fraction of their face and accu-
INFLATED interest, and are the best security with
banks as colaterals for discounts.
Convertible into a 6 per cent. 80 Gold Bond.
In addition to the very liberal Interest on the
notes for three years, this privilege of conversion
is now worth about three per cent. per annum,
for the current rate for 500 Bonds is not less
than nine per cent. gremium, and before the war
the premium six per cent. L. $. stocks was
over twenty per cent. 1t will be seen that the
actual profit on this loan, at III present market
rate, is not less than ten per cent. per annum.
lis Exemption from State Or Municipal
Taxation.
But aside from all the advantages we have emu
merated, special Act OF Congress srempts all
bouds AID Treasury notes from ioeat taration On
the average, this exemption is worth about two
per cent. PER annum, according to the rate oftax-
alton in various parts of the country,
Ii IS believed that securities offer so great
Inducements to lenders as those issued by the
government In all other forms of Indebtedness,
the faith or ability of private parties, or stock
companies, or separate communities. only, is
pledged for payment, while the whole property of
the country is held to sscurc the discharge of all
the obligations of the Unit, 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 patri-
otism OF the people.
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer of the United States, ut Washington. the
several Assistant Treasurers aud designated De-
posliaries, and by the
First National Bank.
OF Davenport, Iowa,
and by all National banks which are dcpositaries
OF puolic money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further infor-
nation and
AFFORD EVERY FACILITY TO
SUBSCRIBERS.
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