The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-08-11
], ). 7-30

u W W
LOAN
Tho Secretary Of the Treasury gives notice
that subscriptions will be received for Cou-
pom Treasury Notes payable three years from
Aug 18th, 1864, with semi annual interest
at the rate Of seven and three te tbs per cent
per annum, -pri ncipal and interest both to be
paid in lawful money.
These notes will be convertible at the option
CT the holder at maturity, into six per cent.
gold bearing bonds, payable MT less than
Ave nor more than twenty years from their
dnte, ss the Government may elect. They
win be issued in denominations Of $50, 500
$500, $1,000 and $4,000, and all subscrip.
tons must be for fifty dollars or some multi
pie Of fifty dollars.
The notes will be transmitte64o the own
ers free Of transportation charges as soon az
ter the receipt Of the original Certificates Of
Deposit ms they can be prepared.
AS the notes draw interest from August Is
persons making deposits subsequent TO that
date must pay the interest accrued from date
Of note TO date Of apostle.
Parties depositing twenty five thousand dol
lars and upw ards for these notes at any one
time will be allowed commission Of one quar-
ter Of one per cent, which will be paid by
the Treasury Department upon the receipt
ola bill for the amount, certified to by the
officer with whom the deposit was made, No
deductions for commissions must be made
from the deposits.
SPECIAL ADVANTAGES OF THIS
LOAN.
IT'S A NATIONAL SAVINGS BANK Offering a
higher rate of interest than ally other, and
The best security. Any savings bank which
pays its depositors in U. s. Notes, considers
that it is paying in the best circulating me-
dunn Of the cou TRY. and it cannot pay in
anything better, for its own assets are eth
er in government securities or in notes or
Londs payable in government paper.
is equally convenient rs temporary or
permanent investment. lhc notes can al.
ways be sold for within fraction of their
face and accumulated interest, and are The
best security with banks as co!latcrals for
discounts.
Convertible into a Six per cent.
$50 Gold Bond.
In addition to tie very liberal interest on
the notes for three years, this privilege Of
conversion is now worth about three per
cent per anuum, for the current rate for
5-2o Bonds is no, less than nine per cent pre-
MUM, and before the war the premium on
six per cent U. $. stoc'Ss was over twenty
per cent. II will be seen that the actual
profit on this loan, at the present market
rate, is not less than ten per cent. per an
nun.
It's Exemption from State or Mu-
nine pal Taxation.
But aside from all the advantages We have
enumerated. special Act Of Congress eae,npts
allJonds and Treasury notes from local toration.
On the average, this exemption is worth
about two per cent. rcr annum, according to
the rate Of taxation in various parts of the
country.
1t is believed that no securities offer so
great inducements to lenders as those issued
by the government. In all other forms Of
Indebtedness, the faith or ability Of private
parties, or stock companies. or separate com
munities, only. is pledged for payment, while
the whole property of the country is held
to secure the discharge ofatl the obligations
Of the United States.
While the government offers the most lib
eral terms for its loans it believes that the
very strongest appeal will be to the loyalty
and patriotism Of the people.
Duplicate certificates will be issued for all
deposits. The party depo.i,ing must endorse
upon the original certificate the denomina-
ton Of notes required, and whether they are
to be issued in blank or payable to order.
When so endorsed it must be left with the
officer receiving the deposit, to be forwarded
to the Treasury Department.
SUBSCRIPTIONS WILL DE RECEIVE Ed by the
oct ho t~l
ton, the several Assistant Treasur:rs and
designated Depositaries. ar by the
First National Bank Of
Iowa City, Lyons, davenport and Dubuque.
and by all National Banks which are deposit.
taries Of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further in
formation and
AFFORD EVERY FACILITY 70 suBscRlBERs.
vol7n3 Inns