Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-10
.. :: N:U ttIp{:,


DRIED MILLION DOLLARS during the current
fiscal year, and TO prepare and issue therefor
Coupon and Registered Bonds Of the United
be EXEMPT FROM TAXATION By or under any
State or municipal authority. Subscriptions TO |
these Bonds arc received in United States notes,
or notes of National Banks They are TO BE |
REDEEMED IL COIN, a, the pleasure Of the !
Government, j, any period aot l.s. shen .en nor
more tkaa foty years from their date, aud until
their redemption Five per Cent. inter. !
est will be paid In Coin. on Bonds Of
not over onc hundred dollars annuav and On
all Other Bond. scn annuall;.
Tie interest Is parable on tic first dass of
March and September in each year. The semi
annual coupons PAYABLE at these dates, and
the annual coupons thc - 9nd loo bcllir
Bonds are PAYABLE on the frs; of March.
Subscribers will receive either registered or
coupon Bonds as they may prefer. Registered
Bonds are recorded on the books Of the United
states Treasurer, and can be transferred only
the owners order; coupon Bonds payable 10
| t.oror aud .-e ,noro convcn;ent for comynerci,
uses.
Registered Bonds will be issued of the denom-
| nations of Fifty Dollars, 500 One Hundred
One Thousand Dollars, Fl ono.) Five Thousand
Dollars, ts5,ooo,) and Ten Thousand Dollars
tsianoel and coupon Bonds of the denonlma-
'ons Of Fifty Dollars (s5o,) One Hundred Dol
lars, tsloo.l Five Hundred Dollars, $500 and
| One Thousand Dollars, 81 .ouo)
| Subscribers to this loan will have the option of
having their Bonds draw interest from March LIST,
United States notes, or the notes of National
Banks, adding fifty per cent. for premium or
receive them drawing interest from the date Of
subscription and deposit
As these Bonds are exempt from municipal or
State taxation, their value is increased from one
to three per cent. per annum, according to the
rate OF tax leyies in the various parts of the
country
At the present rate of premium on gold they
pay over eight per cent interest in currency. and
are OF equal convenience as Il permanent or tenn
porary Investment
1t is believed that no securities offer 50 great
Inducements to lenders as the various lescrip-
tons of United States Bonds. In all other forms
of Indebtedness the faith or ab;l,, or nr;vat.
parties or stock companies, or separate comm,,-
mites only, is pledged for payment, wl,ilc for the
debts Of The United States the whole property OF
thc country is holden to secure the payment OF
b 9th principal and nterc>: In coin
| these bonds may be subscribed for in sums OF
from so up TO any magnitude, on the same
terms, and are thus made equally ayaiabl. 10 the
smallest lender and the largest capitalist. They
.. can be converted into none, ut any n,o,,rpt and
the holdcr will have the benefit of the interest.
HE TACT that all duties imports are PAYABLE
! III specie furnishes fund for ike na,n,,ut of i,
'e'est on all Government Bonds largcl, in G xcess
OF th' wants Of The Trc:,>u.. Tor this purpose.
pom thu receipt "s subscriptions II certificate
OF deposit therefor. in liz ,lica. will be issued
The original 81 wi'ici, viii hc forwarded bv IA.
subscriber 10 the Secretary Of the wrcas,,,v i,
Washington, with = letter Eating The kind trcui,
required
Upon the receipt Of the original certificates AZ
the Treasury Departments, the bond, subscrb..!
lively
| Subscriptions will be received l., the 7rcisn,e,
| p ~ Tn.t1d ,>tat.s at Washington and the ~
81.