The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-06-23
j. 5. 1910
uRODND~.

These Bonds are issued under the Act Of
Congress Of March sih, 1861 which provides
| that all Bonds issued under this Act shall be
EXEMPT FROM TAXATION by OF under
any State or Municipal authority. Subscrlp-
tions to these Bonds are rece we'd in United
| States notes or notes Of National Banks They
are TO BE REDEEMED IN COIN, at the
notless than ten nor more than forty ye ars from
their date, and until their redemption FIVE
PER CENT, INTEREST WILL BE PAID IN
COIN, on Bonds of not over one hundred del
lars annually and on oil other Bonds semi
annually. The interest is payable on the srst
days Of March and September in each year
| Subscribers will receive either Registered
or Cupon Bonds, as they may prefer. Regis
tered Bonds are recorded on the books Vt the
US. Treasury, and can be transferred only
on the owners order. Cupon Bonds are
payable to bearer, and are more convenient
| for commercial uses.
| Subscribers to this loan will have the OPP
ton Of having their Bonds draw interest
fom March lst BY paying the accured inter
est in coin-(or in United States notes, or Of
National Sanks, adding fifty per cent, for
premium or rec Give them drawing interest
from the date Of subscription and deposit.
As these Bonds are Exempt
from Muninc' val or state Taxation,
Their value is increased from one TO three
per cent, per Annum according to the rate Of
tax levies in various parts Of the country
At the present rate Of premium on gold they
pay
Over Eight per cent Interest
in currency, and are Of equal convenience az
a permanent or temporary investment.
It is believed that no securities offer so
great inducements to lenders as the various
descriptions of U. s. Ponds. In all other
forms Of in sebtedness, the faith or ability CT
private parties or stock mpe"ies or sepa-
rate communities only is pleged for payment
while for the debts Of the United States the
whole property of the country is l.olden to
secure the pay ment of both principal and in
terest in coin.
These Bonds may be subscribed for in sums
from $50 up to any magnitude, on the same
terms, and are thus made equally available
to the smallest lenaer and the largest capital
lists. They can be converted into money nj
any moment, aud the h l1ler will have the
benefits of the interest.
1t may be aseful to state in this connection
that the tot al Funded Debt Of the United States
on which interest is payable in gold, on the
Sd day of March, 1864, was S76S 100000.
The interest on this debt for the coming fs-
cal year viii be Si5,a37,l26, while the GUS
toms revenue in gold for the current fiscal
year, ending June 3oth, 1864, has been so for
at the rate Of over 100000, 900, par annun,
1t will be seen that even the present gold
revenues Of the Government are largely in
excess ct the wants of the Treasury for the
payment of gold interest, n lille the recent in
crease Of the tariff will doubtless raise the
annual receipts from customs on the same
an Gun. Of importa.ions toSl5a, O00,0e0 Per
annt,m.
Instructions to fine National Banks acting
as loan agents were not issued from the U nit
ed States Treasury until March %, but in
the first three weeks Of April the subscrip-
tons averaged more than TEN MILLIONS
/ A WEEK.
Subscriptions will BE- received by the
First National Bank Of Davenport lows
First National Bank of keokuk, Iowa.
First National Bank Of Mt. Pleasant, lows
AND By ALL NATIONAL BANKS
which are depositaries ofPuhlic money, AM
, all
REsrECTABLE BANKS AND BANKERS
throughout the country, (ac,ing as agents
Of the National Depository Banks,) vii
furnish further information on applIcatio,
and
AFFORD EVERY FACILITY 70 suB,cR .rs.