Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-05
til4l1eftt 80 ! !

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me- BesG ~ issssd under thenrt Of CO..
PRESS ( nssA Oh, 1884, which proxies shas p
lea Of 10 much II The loan sat1orised BY the
ct Of March q, 1888. 70 which this is supple
mentary, the Secretary Of the Treasury is sathor-
lied 10 borrow. from time to time. ON the credit
Of the United States. mot exceeding TWO Hun
DRED MILLION DOLLARS during the eurrent
fiscal year, and y prspsrs 81 issue therefor
Coupon and Registered Bonds Of the United
States; and all Bonds issued under this Act shall
be EXEMPT FROM TAXATION by or under any
State or municipal authority. Subscriptions 70
these Bonds are received in United States notes,
or notes of National Banks. They are TO BE
REDEEMED IN COIN, at the pleasure Of the
Government, at any period not less than ten nor
more than forty yeays from their date, and until
their redemption Five per Cent. inter.
est will be paid In Coin, on Bonds Of
not over one hundred dollars annually, and on
all other Bonds semi-annually.
The interest is payable on the first days Of
March and September In each year. The semi
annual coupons are payable at those dates, and
the annual coupons on the so and 100 Dollar
Bonds are payable on the first Of March.
Subscribers will receive either registered or
coupon Bonds, as they may prefer. Registered
Bonds arc recorded on the books Of the United
States Treasurer, and can be transferred only on
the owners order; coupon Bonds are payable to
bearer, and arc more convenient for commercial
uses.
Registered Ronds will be issued of the dcnom-
nations Of Fifty Dollars, $780, One Hundred
Dollars, (sloo,) Five Hundred Dollars, Cs5oO,
One Thousand Dollars, (sl, ooo,) Five Thousand)
Dollars, $4,000 and Ten Thousand Dollars ;
$4,000 , and coupon Bonds of the dcnomina-
tions Of Fifty Dollars, ESQ., One Hundred Dol
lars, (sloo,) Five Hundred Dollars, (.5oo) and
One Thousand Dollars, $1,000
Subscribers to this loan will have the option Of
having their Bonds draw interest from March list,
by paying the accrued interest in coin--(or in
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 OF
State taxation, their value is increased from one
to three per cent. per annum, according to the
rate Of tax lcvies in the various parts of the
coun try.
At the present rate Of premium OH gold they
pay over eight per cent interest in currency, and
are of equal convenience as permanent or tenn
porary investment
1t Is believed that no securities offer so great
Inducements to lenders as the various descrip
tions Of United States Bonds. In all other form.
Of Indebtedness, the faith or ability of privat.
parties or stock companies, or separate commu
mites only, is pledged for payment, while for tn.
debts Of the United States the whole property o
the Country is holden to secure the payment o
9th principal and Interest In coin.
These Bonds may be subscribed for in sums o
from $50 up to any magnitude, on the sam,
terms, and are thus made equa ly available to tn.
smallest lender and the larges,. capitalist. Tie,
can be converted into money ut any moment, ant
the holder will have the benefit of the interest.
The fact that all duties on imports are payabl,
In specie, furnishes fund for like payment of in
terest on all Government Bonds largely in exces.
Of the wants Of the Treasury for this purpose
Upon the receipt Of subscriptions certiGcat.
OF deposit therefor, in duplicate, will be issued
the original of which will be forwarded by I'll,
subscriber to the Secretary Of the Treasury. a
Washington, with letter stating the Kind (regis
tered or counon) and the denominations Of bond.
required
Upon the receipt Of the original ccrtiiicatc s Al
the Treasury Department, the bonds subscribed
for will be transmitted to tho subscribers respec
lively
Subscriptions will he rec cived by the Treasure,
q the United States, At Washington, and the As
s'ssant 7reasurers, at New: York, Boston, and
Philadelphia, and by the
First National Bank Of Day enport Iowa.
If Kcokuk,
St Louis No.