Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-08-26
US. 7-30 loan

The Secretary Of the Treasury gives notice tha
subscriptions wi!l % received Tor Coupon Treas
ury Notes. payable three wears from August l5t,
1861, with semi annual interest at the rate Of snv
en- and three ,cntAs per e.:.t. per aonuul. -prla-
cpal ana pte,et both 10 be paid IN lawful money
These Aotes vii be convertible at the option Of
! the holder al maturity. INTO six per cent. gold
bearing bonds, pay a5e not less than five nor
more than twenty years from their date, as the
| Government iaas elect. They vii lie issued u
| determinations Of 81, slpo s5oa 81 .eao and 81.
o, and all subscriptions must be for fifty dollar.
| or some multiple of tift, dollars.
These notes vii! be transmitted to the owners
free of transportation charges as soon atter tie
receipt Of the original Certificates o, Deposits as
they can be prepared.
As ,lie notes draw lutere from August Is. per.
sons making deposits ,ab3equent 10 that dat
must paw the interes. accrued from date OF note
to date Of deposit
Parties depos,ins 'went- FIVE thousand dollars
and upwards for ,hase notes at any one time viii
be allowed commission of one-quarter Of enc
per cent, which will be paid bv the Treasury De
partnlent y lcn sho receipt Of bill Ter the amount
certified to by the officer witt whom the deposit
was made No deductions for commissions must
be made from tie dcunsifs
Special Advantages Of tai. Loan.
1rr NATIONAL SAVINGS BANk, ol.llbg h:ti.
rate of interest than any other, and the b, 4
cmtfg Any savings bank which pays its deros-
itors in {. s. Notes consider, tllat ii Is paying
ia the best circulating medium or the country,
and i. cghnot pay Ia an, ,thing better for lis own
assets are either in government securities Or in
notes and bonds payable ii government paper.
II j. equally conv venient as temporary or PER
manent investment. The notes can always be
sold for within fraction Of thcir face and accu-
muia,ed interest and are the hest security with
banks as coilaterals for discounts
Convertible into per eenl. 30 Gold Bond.
In addition 70 the very liberal Interest on tie
notes for three years this privilege Of conversion
is now worth abou! three per cent. per annuil,
than min. ftr cent premium, and before the war
the premium on six per cent. L. :. stocks was
I. ,g:ii ha hat ha
actual profit this loan, at the present market
rate, is not less than ten per cent. per annuln
Its Exemption from State Or Municipal
Taxation.
But aside from all the advantages we have emu
merated special Act Of Congress seempts all
bonds n1uI 7y,nsvry notes froa joeaf tuIatsou 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 l. believed that no securities offer SO great
Inducements to lenders as those issned by the
government In all other forms of Indebtedness.
the faith ability Of private parties, stock
COiilpdIi'S, Vi 50 COitiHuiftt-, -
pledged for payment, while the whole property Of
the country is held 10 the discharge OF all
the obligations Of the Uni, 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 patri
otism OF the people.
SUBSCRIPTIONS WILL DE RECEIVED BY the Treas
urer of the United States, at Washington, the
several Assistant Treasurers and designated De-
possaries, and BY the
First National Bank,
Of Davenport Iowa,
and by all 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 TO
SUBSCRIBERS.