The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-10-15
UNITED STATES sEveN-TnlRTY LOAN

UNITED STATES SEVEN lhMly lUAN
The Secretary Of the Treasdiy gives notice tina,
subscriptions win be received for Coupon Treas
ury Notes, payable three years from Aug. 18th,
1854. with semi-annual interest at the rate o
seven and tnree-tentns per cent per annrm,-
principal and interest botn TO Oe paid in lawful
money.
These notes viii be convertible at tie option
Of the holder at maturity. into six per cent gold
bearing bonds, payable not less than I'VE nor
more than twenty years from their date, ~ the
Government may elect They viii be issued in
denominations Of SO, SEC, $500, 900 and ssooo
and all subscriptions must De for fifty dollars
some multiple Of ffiy dollars
| The notes will be transmitted to the owners
free OF transportation charges as soon ef.er the
receipt of the original Certificates Of Deposit as
they can be prepared.
As the notes draw Interest from August l5tn'
persons making deposits subsequent to thSt
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 q commission q ore-quar.
ter Of one per cent
SPECIAL ADVANTAGES OF THIS LOAN.
IT Is A NATIONAL SAVINGS BANK, Offering .
higher "a u Of interest than any other. ana ne
bea security. Any savings bank which pays its
depositors in U. g. Notes, considers that it il
paying in the best circulating medium Of the
country. and it consos pay in anything better,
for its own assets are either IN government se.
curities or ia notes or bonds payable in govern.
ment paper.
1t is equally convenient Is . Temporary or
permanent investment The notes can always
be sold for within a fraction OF their face and
accumulated interest, and are the best security
with banks as colIaterals for discounts
Convertible into Six per cent. $40
Gold Bond.
In addition 70 the very liberal interes. on tn
notes for three years, tits privilege OF CONVEX.
sion is nOw worth ABOUT three per cent. per an.
mum, Tor the current rate for so Bonds y not
less tDan nine per GEN.. premium, and before the
war the premium on SIX Per cent. U. s. stocks
was over twenty per cent. II win be seen that
the actual profit ON this loan, at the present
market rate, is not less than ten per cent per
anoam.
Its Exemption from state .. Aunicipsl
TaxatioD.
But aside from all the advantages We have
enumerated. = special Act Of Congress ezenpts
al bonds and 7recsa~y notes from, soca, sGzdtson.-
On the average, this exemption is worth about
two per cent per annum according to the rate
oftaxation in various arts o. the country.
tits believed that 10 securities offer so great
inducements to lenders a. those issued by the
government. In all other forms OF indebted.
ness. the faith or ability Of private parties. or
stock companies, or separate communities, on.
~. is pledged for payment, while the wnole pro-
perty Of the country is held to secure the dis
charge OF all the obligations of the United States
While the government offers the most liberal
terms for It's loans, il believes that the very
strongest appeal win be 10 the loyalty and pat.
riotism Of the people.
Up 10 the 9th Of September, the subscriptions
to this loan amounted 10 over
$40, 900, 900.
SUBSCRIPTIONS WILL BE RECEIVED py the
Treasurer OF the United States, s.. Washington,
the several Assistant TreasuTers and designated
repositories, and BY the
First Nationa, BaLk Of Burlington, Iowa
ALL RESPECTABLE BANKS AND BANKERS
throughout the country Will give further infor.
nation and afford
EVERY FACINTY TO SUBSCRIBERS.
oc.c-3wd&wis
TIME FIRST NATJnNAo. PAW