The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-07-14
us. 1910
"QDND~.'

| These Bonds arc issued under the Act Of
Congress Of March 9Th, 1864, which provides
that all Bonds issued under this Act shall be
EXEMPT FROM TAXATION by or under
any State or Municipal authority. Snhscrip.
tions to these Bonds are recei we'd in United
States notes or notes Of National Banks They
are TO ZEE REDEEMED IN coin, at the
pleasure Of the Government, Mt any period
not less than ten nor more than forty years from
their date, and until their redemption FIVE
PER CENT, INTEREST WILL BE PAID IN
/ COIN, on Bonds Of not over one hundred doll
lars annually and on all other Ponds semi
annually. The interest is payable on the first
| days Of March and September in each year
Subscribers will receive sither Registered
or Cupon Bonds, as they may prefer. Regis
| tered Bonds are recorded on the hooks of the
U. 8. Treasury, and can be transferred only
on the owners order. Cupon Bonds are
payable to bearer and are more convenient
for commercial uses.
Subscribers to this loan vii. have the op-
ton Of having their Bonds draw interest
ON March lst. BY paying the ACQUIRED inter
est in coin Tor in United States notes. or of
National Banks, adding fifty per cent, for
pr emium,) or receive them drawing interest
from the date of subscription and deposit
As these Bonds are Exempt
from Muninc val or state Taxation,
their value is increased from one to three
per cent, per annum, according to the rate of
tax levies in various parts Of the country
AT the presen: rate of pre- MUM on gold they
pay
Over Eight per cent Interest
in currency, aud are Of equal convenience as
permanent or temporary investment.
!, is believed that no securities offer so
great ind ucements to lenders as the various
descriptions Of y. 8. fonds. In all othc,
forms Of Indebtedness, the faith or ability Ct
private parties or stock npanies or scpa-
rate communities only is pleged for payment
Will efor the debts Of the United States the
whole property of the country is holden TO
secure the payment of both principal and in
terest in coin,
These Bonds may be subscribed for in sums
from $50 up to any magnitude, on the same
terms, and are thus made equally available
to the smallest lender and the largest capital
lists They can be converted into money at
any moment, and the holder will have the
benefit of the interest.
1t may be useful TO state in this connection
that the total Funded Deb, Of the United States
on which interes; is payable in gold, on the
81 day Of March, 1864, was SITS .65,an0.
The interest on this debt for the coming fs-
year viii be SIS, 937, l26, while the GUS
toms revenue in gold for. tho current fiscal
year, ending June 3lth, 1864, has Teen so far
at the rate Of over SloO,Ooo,0eO, per annum
It win be seen that even the present gold
revenues Of the Government. are largel, in
excess If the wants Of the Treasury for the
payment of gold interest, VI lille the recent in
crease Of the tariff will doubtless raise the
amount Of importations to Si5e,o90,o1o per
annum.
Instructions to the National Banks acting
as loan agents were not issued from the Uni,
ed States treasury until March %, but in
the 6rst three weeks of April the subscrir-
tons averaged more than TEN MILLIONS
A WEEK.
Subscriptions will b. ecciycl BY tie
First National Bank Of Davenport Iowa
First National Bank Of keokuk, Iowa.
First National Bank Of Mt. Pleasant Iowa.
AND BIT ALL NATIONAL BANKS
which are depositaries ofpuhlic money, and
all
RESPECTABLE BANKS AND BANKERS
throughout the country, tac,ing as agents
of the Nationa! Depository Banks,l will
furnish further information On application
and
AFFORD EVERY FACILITY TO suB>cRlBERs.
in yGnl9 m3