Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1864-05-06
u. S. 1910 Bonds.

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Thess Bonds axe Issued under the Act Of Congress
March sh 1864, which provide. that In lieu Of much
Of the authorized by the Act Of March 3d. 1868 to
Treasury IL authorised to borrow from time to time,
tho credit Of the United States not exceeding TWO
HUNDRED MILLION DOLLARS during the current
fiscal year. and to prepare and issue therefor Coupon
and Registered Bonds Of the United States and all
Bonds issued under this Act shall be EXEMPT FROM
TAXATION by under any State nnder any mum.
cipal authority Subscriptions to these Bonds
in United States notes Of National Banks
They are TO BE REDEEMED IN COIN, at the pleasure
of tho Government, at any period less than
than forty gears from their dac and until their 70.
demption FIVE PEE CENT. INTEREST WILL BE
PAID IN COIN, on Bonds Of not one hundred
The Interest payable the first days Of March and
September in each year. Tue semi annual Coupons
payable those dates and the annual Coupons the
50 and 100 dollar Bonds are payable the first Of
March.
Subscribers will receive either Registered Coupon
Bonds, as they may prefer. Registered Bonds
corded the books of the o. s. Treasures: and be
transferred only the owners order. Coupon Bonds
PAYABLE to bearer and convenient for
mercial uses. ..
Registered Bonds will be issued Of the denominations
Of Fifty Dollars $780, One Hundred Dollars $780, Five
Hundred Dollars (ssOO). One Thousand Dollars 81 ooO.
Five Thousand Dollars (s5.oeo and Ten Thousand Dol.
lars $50 OOo and Coupon Bonds of the denomination
of Fifty Dollars (ssO) One Hundred Dollars $780, Five
Hundred Dollars (s5oo), ard One Thousand Dollars
(s1,ooo).
Subscribers to thi, loan will have tho option Of hav.
ing their Bonds draw interest from March 1st BY pay
ing the accrued interest in coin-or in United States
notes. or the mote Of National Banks. adding hy
cent. for premium receive them drawing interest
from the Cate Of subscription and deposit.
A. these Bonds exempt from municipal or State
taxation their 10 increased from one to three per
cent per annum according to the rate of tax leviss in
various parts Of the country.
At the present rate of premu gold they pay
eight cent interest in currency and of equal
convenience as permanent temporary Investment.
1t believed that securities offer great Induce.
msnts to lenders as the various descriptions of o. g.
Bonds In al other forms of ndsbtedness the faith or
ability Of private parties stock companies OF separate
communities only pledged for payment, while for the
debts Of the United States the whole property of the
country II holden to the payment of both prne
pal and interest in COIN
These Bonds may be subscribed In sums from $50
up to any magnitude, the terms. and are thus
made equally available to the smallest lender and the
largest eapatlst They can be converted into money
At any moment and the holder will have the benefit of
the interest.
Tho fact that all duties on imports are payable in
specie furnishes fund for like payment Of interest on
all Government Bonds largely in of the wants Of
the treasury for this purpose.
Upon tho receipt of subscriptions certificate of de.
posits in duplicate will be issued the original
Of which will BE- forwarded by tho subscriber to the
Secretary Of the Treasury at Warrington with letter
stating the kind registered coupon) the denom.
nations of bonds required.
Upon the receipt of the original certificates at the
Treasury Depar tment the bonds subscribed for will be
transmitted to the subscribers respectively.
Subscriptions will be received by the Treasurer of the
United States at Washington and tho Assssans Trsasss
at New York, Boston and Philadelphia, and by the
First National Bank Of Davenport. Iowa,
First National Bank of Keokuk, Iowa,
First National Bank of Mt. Pleasant, Iowa,
First National Bank of St. Louis, Missouri,
Second National Bank Of st. Louis Missouri
Third National Bank Of st. Loui,, Missouri,
and by all National Banks which are depositaries of
public money. All respectable bank, and bankers
throughout the country will furnish urthe, information
on application and afford every facility to subscribers
May4-d&w2w