Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1864-08-26
U. S. 7-9O LOAN.

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug.
18th, 1884, with semi-annual interest at the rate
of seven and three tenths per cent. per annum
principal and interest both to be paid in law
full money.
These notes will be convertible at the option
of the holder at maturity, into six per cent.
collaborating bonds, payable not less than five
nor more than twenty years from their date, as
the Government may elect. They will be issued
in denominations of $50, 500, $500, 1000 and
$780, and all subscriptions must be for fifty dol
lars or some multiple of fifty dollars
The notes will be transmitted to the owners
free of transportation charges as soon after the
receipt Of the original certificates of deposit as
they can he procured.
AS the notes draw interest from August *
persons making deposits subsequent to that
date must pay the interest accrued from date of
note to date OF deposit
Parties depositng twenty-five thousand dol
lars and upwards for these notes at anv 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 Of a bill
for the amount, certified to by the officer with
whom the deposit was made. No deductions
for commissions must be made from the de-
posits.
Special Advantages of this Loan.
1T Is NATIONAL SAVINGS BANK, offering
higher rate of interest than any 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 medium of the
country, and it cannot pay in anything better,
for its own assets are either in government Sc
curities or in notes or bonds payable in govern
ment paper
1t is equally convenient as a temporary or
permanent investment. The notes can always
be sold for within fraction of their face and
accumulated interest, and are the best security
with banks rs collateral for discounts
Convertible into Six per cent 2-2O 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 so Bonds is not less
than nine per cent prensis,ns, and before The war
the premium on six per cent. L. $. stocks was
over twenty per cent. 1t will be seen that the
actual profit on this loan, at the present market
rate, is not less than ten per cent. per annum.
Its Exemption from State Or Munich
pal Taxation.
But aside from all the advantages we have
enumerated, special act of Congress ecen,pts
oil Bonds and Treasury Notes rom local tnrotion
On the average this exemption is worth about
two per cent. per annum, according TO the rate
of taxation in various parts OF the country.
It is believed that no sect rites offer SO great
inducements to lenders as 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
ly, is pledged for payment, while the whole
property OF the country is held TO secure the
discharge of all the obligations of the United
States
While the government offers the most liberal
terms for its loans, it believes that the Very
strongest appeal will be to the loyalty and pa
trioti>m of the people.
SUBSCRIPTIONS WILL BE RECEIVED by the
Treasurer of the United States, at Washington,
the several Assistant Treasurers and designated
Depositaries, and by the
FIRST NATIONAL BANK AT DAVENPORT,
AND THE
FIRST NATIONAL BANK AT IOWA CITY,
and by all the National Banks which are depos-
itaries Of public money, and
All Respectable Banks and Bankers
Throughout the country will give further infor-
nation and
Afford Every Facility to Subscribers.
aug23dwins2m top col.
So. - -