Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-10-20
U.S.7,30 Loan

The Secretary OF the Treasury gives notice that
subscriptions will be received 10, Coupon Treas
ury Notes pay able three years from, August 18th
1864, with semi-arnual interes. at the rate OF
en- and three tenths per cent. per "nnum,-prin-
cipal interest both to be paid in lawful money.
These notes will be convertible IT the option Of
the holder AZ maturity. into elk per cent. gold
bearing bonds, payable not less than five nor
mere than twenty years from their date. Is the
Government ma, elect. They will lie issued in
deL onnations Of go, tloc. $500, & 900 and S.,
ooo and all subscriptions must be fos fifty dollars
or some multiple cf if, dollars.
These notes will be transmitted TO the owners
free Of transportation charges rs after the
receipt of the original Certificates of Dep ,sts as
they can be prepared.
As the notes draw interest from August Is, per-
sons making deposits subsequent: to that date
must pay the interest accrued from dstekof note
TO date of deposit.
Parties depositing twenty five thousand dollars
be allowed commission Of one-quar.er Of one
per cent
Special Advantages Of this Loan,
IT is A NATIONAL SAVINGS BANK. Offering high
er rate of interest than sny other and the best e.
caritg. ANY savings bank which pays its deros-
TORS in L. 5. Notes, considers tla. i. is paying
ia the best circulating medium Ct the country,
and it caanotp pay in anything better, for its own
a acts are either in government, securities or in
notes aad bonds PAYABLE in go' ernnert paper.
1t is equally convenient us temporary or per-
manent nsestme"t The rotes can always BE-
sold for within a fraction of ',cr face and accu-
INFLATED interest and arc Inc best security with
banks as co.iatcra!s ior discounts.
Convertible into a 6 per cent. so Gold Bond.
In addition 10 the very liberal Interest on the
notes for three years, ths privilege Of conversion
is now worth about thru. per cent per annum,
Ter the current rate fc- $50 Bonds is not less
than 'siAe pr cent. 1r.,..4un, and before the war
the premium on six per cent. L. S. stocks was
over twenty per cent. II will DC seen that the
actual profit on this loan, at tn 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.
meraed. special Act Of Congress srsmpts all
to"as and Treasury notss. from, iocai taration On
the average, this exemption is worth about two
per cent. per annum, according to the rate oc tax
alton in various parts oi the country,
II IS believed that no securities offer so great
Inducements TO lenders rs those issued by the
government. In ali othsr 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 secure the discharge of all
the obligations of the Unite 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 patri-
ot!sm Of the people.
Up to the 18th OF September, the subscriptions
10 thu. loan amounted to over