The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-09-15
]. ). 80
LOAN

The Secretary Of he Treasury gives notice
that subscription, will be received for Cou
pom Treasury Notes payable three years from
Aug 10Th, 1864, with semi annual interest
AT the rate of seven and three te tbs per cent
per annum;-principal and interest both to be
paid in lawful money.
These notes will be convertible ut the option
IF the holder at maturity, into six per cent
gold bearing bonds, PAYABLE nst less than
FIVE nor more than NY Yeas frcm their
late, al the Government ma, elect. They
viii be issued in denominations Of $50, SleO
$500, ,Sl,ooo and s:,,ooo, and all suhscrip.
lions must be for fifty dollars or some multi
pie Of fifty dollars.
The notes will be transmitted to the own
ers free of transportation charges az soon af
ter the receipt of the original Certificates Of
Deposit rs they can be prepared.
As the notes draw interest from August Is
persons making deposits subsequent to TINT
date must pay The interest accrued from date
Of note to date Of deposite.
Parties derositing twenty Eve thousand dol
time will be allowed commission of one quar-
ter Of one per cent, which will be paid BY
the Treasury Department upon the receipt
ola bill for the amount, certified to by the
officer with whom the deposit was made, Nc
deductions for commissions must be made
from the deposits.
SPECIAL ADVANTAGES OF THIS
LOAN.
Trv
higher rate Of interest than ally other, and
the best securi.y. Any savings bank whicl,
pays its dcpositors in U. s. Notes, considers
that it is pay ing in the best circulating me-
dur. of the country and it cannot pay in
any.hiag better, FORTS own assets are eth
er in government securities or in notes or
.onds payable in government paper.
1t is equally convenient IS 4 temporary or
permanent investment. The notes can az.
ways be sold for within fraction Of their
face And accumulated interest, and are the
best security with banks as co,laterals for
discounts.
Convertible into a Six per cent.
$50 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 enuum, for the current rate for
$40 Bonds is not less than nine per cent pre-
mium, and before the war the premium on
six per cent. U. s. stocks was over twenty
per cent. II will be seen that the actual
profit on this loan, at the present market
rate, is not less than ten per cent per an
mum,
Its Exemption from State or Mu-
nine. pal Taxation.
But aside from all Disadvantages We have
enumerated, q special Act Of Congress srempts
aHbonds and Treasury notes from ioca, TAXATION
On the average, this exemption is worth
about two per cent. rer annum, according to
the rate Of taxation in various parts of the
country.
It is believed that no securities offer so
great inducements to lenders as those issucl
By the government. In all other forms of
Indebtedness, the faith or ability Of priv ate
parties, or stock companies or separate COM
munities only. isplcdged for payment while
the whole property Of the country is held
TO- secure the discharge. Of AL the obligations
Of tho United States, Is
While the government offers the most lib.
eral terms for it's loans, il believes that the
very stronges, appeal will be to the LOYALTY
and patriotism Of the people.
Duplicate certificates will be issued FOR all
deposits The party dcpositia, must endorse
upon the original certificate the denomina-
ton Of not,s required, and whether they are
to be issued in blank or payable to order.
When 80 endorsed il must be left with the
officer receiving the deposit. to be forwarded
to the Treasury Department.
SUBSCRIPTIONS Will nE RECEIVED hy the
Treasurer of the United States. At Washing.
ton, the seyera, Assistant Treasursrs and
designated Depo.itsries al by the
First National Bank Of
Iowa City, Lyons, davenport and Dubuque
and bv all Nationai Banks which are scposi.
taries Of public money, and
ALI REspECTARLE BANKS AND BANKERS
throughout the country will give further in
formation and
AFFORD EVERY FACILITY TO sUBscarnrRs.
vol7n3 lm3
| Ayers Sal saparills.