Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-13

fiscal year, and to prepare and issue therefor
Coupon and Registered Bonds Of the United
States; and all Bonds issued under this Act shall
be EXEMPT FROM TAXATION by or under any
State municipal authority Subscriptions 10
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 nat less has ten nor
mare than .torfy years from their date, and until
their redemption Five per Cent. inter.
est will be paid ia Coin. on Bonds of
not over one hundred dollars annually, and on
all other Bonds semi annually
The interest is pay able on the frs. davs Of
March and September in each year. The semi
annual coupons are PAYABLE at those dates, and
the annual coupons the 80 and loo Dollar
Bonls are payable on the first Of March
Subscribers will receive either registered or
coupon Bonds as they hay prefer Registered
Bonds recorded on the books of the United
States Treasurer. and can be transferred only on
| the owners order; coupon Bonds are PAYABLE to
uses.
Registered Bonds will be issued Of the demon
nations Of Fifty Dollars, :5o) One Hundred
Dollars, (;loo.1 ri.e Hundred Dollars, $500,
One Thousand Dollars. t:lo9o) Five Thousand,
Dollars, ls5,oa7,J and Ten Thousand Dollars;
I'll, "oe;) and coupon Bonds of the denomina-
iio"s Of Fifty Dollars, $3.50 onc Hundred Dot
lars, lai9ol Five Hundred Dollars, $500 and
onc thousand Dollars. f:i,oao.D
Subscribers to this loan viii have the oo,iou or
having their Bonds draw ;ntcre, from March Isl,
''F paving The accrued interest in cor-(or in
United states notes, or the notes of National
Banks. adding fifty per cent for premium or
receiTe them drawing interest from the date Of
subscription and deposit.
As these Bonds are exemp. from mnncipal or
State taxation their va,uc is increased from, ono
to three per cent. per annun. according to the
rate OF tax leTies in the various larts of the
country
Al the present rate Of premium on gold they
pay over eight per cent interest in currency and
are OF equal convenience as permanent or tenn
porary Investment.
1t is believed that no securities offer SO grea,,
ii'"eeiHciis 10 lenders as the various descrip-
'ois "i United States Bonds. In all other forms
oi indebtedness the faith or ability of private
parties Or stock companies, or separate com,u
mites only. is pledged for payment while for the
eep's q the United States the VII ole property Of
'' - h"iuet 10 secure the payment of
9th principal and Interest In coin.
These bonds may be subscribed for IN Sums of
from so mp to any magnitude. on the same
'ei'is ana are thus made cqua, available 10 the
smallest lender and The largest canitalist they
'''' - converted INTO money al any moment, ard
the holder will have the bcuei. of the interest
Nv '''' ''i''' al duties on imports are PAYABLE
in specie. furnishes fund for like Do,ror,oc:..
'efeS' Oh all Government Bonds largely in excess
OF TIC wants OF the Treasury for this purpose
Upon the receipt of subscriptions a certificate
Of deposit therefor, in duplicate. will lc ;ssuea
the original Of wlicl, will be Forwarded H., ia.
subscriber to the Secretary &c tho Trc,.,,, -.
" asi'iH9ian. with letter ST sting the kind fre.eis
tered or eef:l'an aud the denominations cf bonds
required
pom the rcce TT of The orgina, certificates AT
The Treasury d epaitment. the bonds subscribed
- WI DC tro united to he subscribers respcc-
i;vey
'7""Nc'p siens i'll be received hy The Treasurer
?, IL ',.issd state. at Washington. and the H.
'S"'"S Treasures. at New York, Boston, and
I II adclphia and by the