Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-09-27
u.S.7-30 LOAN

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treas.
ury Notes, payable three years from August 18th
1864, with semi annual interest at the rate of sew
en- and three tenths per cent. per snnum,-prin-
cipal ana interest both to be paid in lawful money.
These notes will be convertible at the option Of
the holder at maturity. into six per cent. gold
bearing bonds, pay able not less than Eve nor
more than twenty years from their date, as the
Government may elect They will be issued in
denominations of $50, 300, $500, q, 900 end g.,
900, and all subscriptions must be for City dollars
or some multiple of fift, dollars.
These notes will be transmitted to the owners
free of transportation charges as soon after the
receipt Of the original Certificates of Deposits as
they can be prepared.
As the notes draw interest from August Is, per-
sons making deposits subsequent Ito that date
must pay the interest accrued from date of note
to date Of deposit.
Parties deposting twenty five thousand dollars
aud upwards for these notes at any one time will
be allowed commission of one-quarter of one
per cent, which will be paid by the Treasury De-
partment 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 deposits.
Special Advantages Of this Loan,
IRIS NATIONAL SAVINGS BANK, offering high
or rate Of interest than any other and the best
eurity. Any savings bank which pays its depos-
itors 10 U. 8. Notes, considers that it is paying
10 the best circulating medium of the country,
and it cannot pay in anything better, for its own
assets are either in government securities or in
notes and bonds payable in government paper
1t is equally convenient as temporary or per
manent investment. The notes can always be
sold for within fraction of their face and accu-
mulated interest, and are the best security with
banks as collaterals for discounts.
Convertible into per cent. so Gold Bond.
In addition to the very liberal Interest on the
notes for three years, this privilege Of conversion
is now worth about three per cent. per annum,
for the current rate for 500 Bonds is not less
than mine per cent. premium, and before the war
the premium on six per cent. U. s. stocks was
over twenty per cent. 1t will be seen that the
actual profit on this loan, at tn present market
rate, il not less than ten per cent. per aunum.
Its Exemption from Stute Or Municipal
Taxation.
But aside from all the advantages we have emu
merated, special Act of Congress eren.pts all
bonds and Treasury notes from local taxation. On
the average, this exemption is worth about two
per cent. per annum according to the rate OF tax
alton in various parts of the country,
II is believed that no securities offer 20 great
inducements to lenders - those issued by the
government. In Ill other forms Of indebted ness.
the faith or ability Of private parties, or stock
companies, or separate communities, only, IL
pledged for payment, while the whole property Of
the eountsy il held to sscure the discharge Of I'll
the obligations Of the United States.
While the Governments Offers the most liberal
terms for it, loans, 4 believes that The very
strongest appeal win b to the loyalty end patri-
otism Of the people.
SUBSCRIPTIONS WILL ~ RzCsrvrp BY the Treas
urer ofthe United States, 1t Washington. the
several Assistant Treasurers and designated De-
positsries, and by the
ForDt National Bank.
Of DsveppoFt, Iowa.
and BY oil National Banks which are depositaries
Of public money. and
ALL RERPECTABLE BANKS AND BANKERS
throughout the country will give further infor.
| nation and
AFFORD EVERY FACILITY 70
SUBSCRIBERS.
aug26- d&w0m
InBEAs1S OF THE NERVOUS. SEnINAI
| sDUauAnY, AND 6nxuAs 0Yssnns-new ma =.