Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-06
]. 5. il.lkntei.


TIese ENDS are issued under IRE act Of con.
grcss of March sth, 1864, which provides that in
lieu Of 10 much Of the loan sathorired by the
oct Of March Sd. 1868. TO which this is supple
,nenimy, the Sccretar; Of the Treasury is author
lied to borrow. from time to time, Oh the credit
Of the United States. not exceeding TWO HUN
DRIED MILLION DOLLARS during the current
fiscal year, and to prepare and issue therefor
Coupon and Registered Bonds VI the United
States; ind all Bonds issued under this Act shall
be EXEMPT FROM TAXATION BY or under any
State municipal authority Subscriptions to
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 mt less than ten nor
more Maa forty yoa,s from their date, and until
their redemption Five per Cent. inter.
est will be paid I'm Coin, on Bonds of
not oyer one hundred dollars annually, and on
all other Bonds emi-annuay.
The interest is payable ON the frs. days Of
March and September In each year. The semi
annual coupons are payable at those dates, and
the annual coupons ON the 50 and 100 Dollar
Bonds payable Oh the first 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 are payable to
bearer, and are more convenient for commercial
uses
Registered Bonds will be issued of the denom-
nations Of Fifty Dollars, $780, One Hundred
Dollars, (sloo,) Five Hundred Dollars, $500
One Thousand Dollars, 81 ,ooo,) Five Thousand)
Dollars. f.-,9ge,J and Ten Thousand Dollars ;
$40, ooo;) and coupon Bonds Of the denomina-
tons of Fifty Dollars, $500 One Hundred Dol
lars, (sl"o) Five Hundred Dollars, $780, and
Oac Thousand Dollars, 81 ,coo.)
hers IN L.. a
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
hailks, adding fifty per cent for prcmium,) or
receive them drawing interest from the date Of
subscript and deposit.
As these Bonds are exempt from mupicpal or
state taxation, their value is increased from one
to three per cent. per annum ACCORDING 10 the
rate Of tax lcvios in The various parts of the
coun try.
At the present rate of premium on gold they
pay over eight per cent interest in currency and
are of equal convenience az n permanent or TEN.
porary investment
ii Is believed that no securities oa.r en- ,,roo,
Inducements to lenders as the yarious descr;n.
tons of United States Bonds In al, o+b.r forms
Oh Indebtedness, the faith or ability of private
parties or stock companies. or separate comm,,-
mites only, is pledged for payment while for the
debts OF the United States the whole property of
Inc country is holden to secure the payment of
9th principal and Interest In coin.
These Bonds may be subscribed for in SIMS Of
""hi 500 up to any Magnitude. on the same
terms, and are thus made equally available N Tho
'""''es' lender and the largest capitalist. They
can be converted into money nj any ,,,. al
inc holder will have the benefit of tho ;r,o,cs,
The fact that all duties ON ;n,or,s .A,.
!" specie furnishes fund for like PAYNE \. of in
'''es' on all Government Bonds largely in excess
d The wants Of the Treasury for this purp, ,se.
opoh The receipt of subscriptions GER, ifcate
. "'i''S' 'i'reior, in duplicate will be i, sued
u '1 "a' u which will be Forwarded by the
''oer TO the Secretary Of the Treasury. at
y "si'iP gton. with letter stating the kind (, euis
ere or coupon and the denominations Of bonds
required.
Upon the receipt of the original certificates ut
me Treasury Department, the bonds subscribed
or will be transmitted to the subscribers respcc.
lively.
SUBSCRIPTIONS will be received by the Treasure; |
y tie United .states at Washington. and the ta-
'Sf""t Treasures, at New York, Boston. and
Philadelphia, and By the
FIRST National Bank of Davenport. Iowa.
Z" g of Keokuk
" of ST Louis. No