Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-10-03
u.S.7-30 LOAN

Tie Secretar, OF the Treasury glyes pv,l.e that
subscriptions will be received for Coupon Treas
u, Notes, payable three years from August 18th
ls6a with semi annual interest at the rate Of sew
en- and three .tentlis per cent. per annum,-pfln'
cipa ana interest both to be paid in lawful money
These notes will be convertible q, the option OF
bearing bonds, pay sble not less than i've nor
more than twenty years from their date, as the
Government ma, elect. They NJ be issued in
ael ouiin4tions OF ESQ, $780, $500 81 900 md Co.,
900, and all subscriptions must be Tor fifty dollars
or some multiple OF lift, dollars.
These notes will be transmitted to the owners
free of transportation chargee as soop siter the
receipt Of the original Certificates Of Dep ,sts ~
they can be prepared.
As the notes draw interest from August ID, per-
sons making deposits subsequent 80 thai uatc
| must pay the interest accrued hon datesoi note
TO date of deposit.
Parties depositing twenty tive thousand do.ars
and upwards fol these notes at any one time VIII
be allowed a commission of onc-quarter OF ore
per cent.
Special Advantages Of this l.onaa.
IRIS National SAVINGS B.xK Offering high
rate of interest than any other. ant, the oest
cursty. Any savings bank which pays its d-pos-
|-ffors in T.. s. Notes, considers that is paying
ia the best circulating medium OF the country,
and i, cannot pay i'll any thing better, for its
assets either in government securities or iu
notes and bonds payable in government paper.
Ii is equally convenient Us Il temporary Ut per
laanent nvestment The notes can always be
sold for Within fraction Of ,h,ir tace and accu-
niua,ed interest, aud are the best security with
banks US collaterals tor discounts.
convertible into u 4 per rent. 30 Gold 6Ond.
In addition to the very liberal interest on the
notes for three years, this privilege of conversion
IL now worth about three per cent. per annun,.
for the current rate for 500 Bonds is not less
than nsne PR cent. premium, and before the war
the premium on six per cent. L. :. stocks was
oversw.nty per cent. 1t will be sech that the
actual profit Oh this loan, at tn pi market
rate is not less than ten pc, cent. per annum.
lis Exemption from State Or municipal
Taxation.
Bu. aside from ali the adv ant;es wc have emu
merated. Il SPECIAL Act vi Congress er smpts az
tords ira Treasury notes .try,n oeat fosatson On
the average. this exemption is worth about two
per cent. p. auun according to the r.te Of tug
alton in various parts ui the country,
IL IS believed thai no securities offer 50 great
Inducements to lenders az ,hose issued by the
government, lii all other forms OF Indebtedness,
the faith or ability OF private parties, or stock
Companies. Or separate cvmmunitics. only. is
pledged for payment, while the whole property Of
tn corstry is held TO sscurc the discharge Of ali
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 te to the in-ai,p 49, ,''sri'
-..s-..s~' -"S people
Up to the z4tn Of September. the subscriptions
tn 1<,av, - ~.e