Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1864-09-30
u. S. 7-3O LOAN.

-. ~. S-OO AOAN.
The Secretary of the Treasury gives notice
Treasury Notes, payable three years from Aug.
ljth 1864, with emiannual interest at the rate
of seven and three-tenths per cent. per annum
principal and interest both to be paid in law
full money.
These notes will be convertible at the option
of the holder at maturity, into six pei cent.
collaborating bonds, payable not less than five
nor more than twenty years from their date as
the Government may elect. They will be issued
in denominations of $50, $780, $500, 81, 600 and
S. 600, and all subscriptions must be for fifty dol
lars or some multiple of fifty dollars.
The notes will be transmitted to the owners
free of transportation charges as soon after the
receipt of the original certificates of deposit as
they can be procured.
AS the notes draw interest from August l5
persons making deposits subsequent to that
date must pay the interest accrued from date of
| note to date of deposit.
Parties depositing twenty-five thousand dol
lars and upwards for these notes at any one
time will be allowed commission of one-quar.
terof one per cent which will be paid by the
Treasury Department upon the receipt of bill
for the amount, certified to by the officer with
whom the deposit was made. No deductions
for commissions must be made from the de-
posits.
Special Advantages of this Loan.
IT Is A NATIONAL SAVINGS BANK, offering
higher rate of interest than any other and The
best security. ANY savings bank which pays it's !
deposltors In U. S. Notes, considers that it is
paying in the best circulating medium of the
country, and it cannot pay in anything better, |
for its own assets are either in government Sc |
curities or in notes Or bonds payable in govern
ment paper.
1t is equally convenient temporary or |
permanent investment. The notes can always |
be sold for within fraction of their face and !
accumulated interest, and are the best security |
with banks collateral for discounts.
Convertible into Six per cent 2-2O Gold
Bond.
In addition to the very liberal interest Oh the |
uotes for three years, this privilege version
Is now worth about three per cent. per annum
for the current rate for $40 Bonds is not less
than nine per cent. PREMIUM and before the war
over twenty per cent Ii will be seen that the
actual profit Oh this loan, at the present market
rate, is not less than ten per cent. per annun.
Its Exemption from State or Municipal
Taxation.
But aside from all the advantages we have
enumerated, a special act of Congress egenspts
On the average This exemption is worth about
two Per cent. per annunl, according to the rate
of taxation ia various parts of the country.
1t is believed that no securities offer great
Inducements to lenders as those issued by the
governments. In all other forms of indebted
ness, the faith or ability OF private parties. or
stock companies or separate communities on
ly, is pledged for payment, while the whole
property of the country is held 10 secure the
discharge OF ali the obligations OF the United
Slaees.
While the government offers the most liberal
terms for its loans, it believes that the very
strongest appeal will be to the loyalty ana pa
trotisn Of the people.
SUBs7R prIoNs WILL. BE RECEIVED by the
Treasurer of the United States, at Washington,
the several Assistant Treasurers and designated
Depositaries, and by the
FIRST NATIONAL BANK AT DAVENPORT,
AND THE
FIRST Rational Bank & 7nss-a a,Ety.
and by all the National Banks which aredapos-
itaries of public money, and
All Respectable Banks and Bankers
Throughout the country will give further infor-
nation and
Afford Ere,y Facility to Subscribers.
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