Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-09-05

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go: o. CIV: s..,:: ;!.:
ay III. r gab's& aree .r' from August is.h I'll
foea, With semi -snnuaI interest s the rate Of sew
en- aud three .tenths per cent per rnnum,-prin-
eipal ana interexsb 10 b paid in lawful money
These notes will b coarrftible ~ che option "
the holder at maturity. into six per cent. gesd
bearing bonds, payable not less than Eve nsf,
more. than twenty years from ihsit asse, l. tS-
Government ma, elect. They will b. isssed in
denomination. of 90. 800, ssoA, si,tSc I'd e.
900. and all subscription. must b for fsy dsllars
or some multiple Of en-, dollars
These notes viii be transmitted 10 the owners
free of transportation charges ~ soon after the
receipt fthe original CertiGcsses Of Dep ,sis as
they can be prepared. a4 A4
A the notes draw interest from August 10. per-
sons making deposits subsequenteto that date
must paw the interest accrued from date Of note
to date Of deposit.
Parties depositing twenty five thousand dollars
aud 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. s'
Special Advantages Or this Loan.
IT IS NATIONAL SAVINGS BANK, Offering high
rate Of interest +han any other and the bese A.
curity. Any savings bank which pays its depos-
iors in Z s. Notes. considers that il is paying
and tcnnnot 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 temporary or per
manent investment The notes can always be
sold for within fraction of their face and accu.
mulaed interest, and are the best security with
banks as collaterals for discounts.
Convertible into 6 per cent. 80 Gold Bond.
! IL addition TO the very liberal Interest on the
notes for three years. this privilege Of conversion
is now worth about three per cent. per annun,.
| for the current rate for $50 Bonds is not less
than nint pu cent. premium, and before the war
the premium on six per cent. Z. s. stocks was
over twenty per cent. 1t will be seen that the
actual profit Oh this loan, at the present market
rate, is not less than ten per cent per annum.
Its Exemption from State Or Municipal
Taxation.
| But aside from all disadvantages We have emu
merated, special Act of Congress eyea4ts all
bonds and Treasury notes from local taxation. On
the average, this exemption is worth about two
per cent per annum, according to the rate Of tax
alton in various parts Of the country,
II is believed that no securities offer 20 great
inducements to lenders as those issued by the
government. In all other forms of ndcbt edness,
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 secure the discharge of ill
| the obligations of the Unit. d 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 pa.ri-
otism Of the people.
| SUBSCRIPTIONS WILL b. prcsrvEp by the Treas
urer ofthe United States, at Washington, the
several Assistant Treasurers and designated De
positarics, and by the
First National Bank,
of Davenport, Iowa,
and by all National Banks which are Repositories
| Of public money, and
ALL RERPECTARLE BANKS AND BANKERS
throughout the country will give further intor-
| nation and
AFFORD EVERY FACILITY TO
SUBSCRIBERS
aug ID WIN