The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-09-22
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| LOAN
The Secretary Of the Treasury gives notice
that subscriptions will be received for Cou
pom Treasury Notes payable three years from
Aug. 18th, 1864, with semi annual interes
at the rate Of seven and three te tbs per cen
per anuum, principal and interest both to b.
paid in lawful money.
These notes will be convertible at the option
Ct the holder At maturity, into six per cent
gold bearing bonds, payable net less than
1--WE nor more than twenty years from their
date, IS the Government ma, elect. They
viii be issued in denomination Of $50, 500
$500, $1,000 and $4,000, and oil subscrip.
tons must be for fifty dollars or some multi
pie Of fifty dollars.
The notes will be transmitted to the own
ers free of transportation charges as soon af.
ter the receipt Of the original Certificates of
Deposit rs they can be prepared.
As the notes draw interest from August Is,
persons making deposits subsequent to that
date must pay the interest accrued from date
Of note to date Of derosite.
Parties dspositing twenty five thousand dol
lars aud npw ards for theac notes at any 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
off bill for the amount, certified 10 by the
officer with whom the deposit was made, No
deductions fer commissions must be made
from the deposits.
SPECIAL ADVANTAGES OF THIS
LOAN.
IRIS A NATIONAL SAVINGS BASE. Offering q
higher rate Of interest than airy 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 me.
dun Of the COUNTRY. and it cannot pay in
anything better, for its own assets are eth
er in government securities or In notes or
aonds payable in government paper.
1t is equally convenient as a temporary or
permanent investment. The notes can al
ways be sold for within q fraction Of their
face and accumulated interest, and are he
best security with banks as co!latersls for
discounts.
Convertible into a Six per cent.
500 Gold Bond.
In addition to the very liberal interest on
he notes for three years, this privilege OF
conversion is now worth about three per
cent. per anuum, for the current rate for
$40 Bonds is not less than nine per cent pre-
mi,sn, and before the war the premium on
six per cent I. ;. STOCKS was over twenty
per cent. 1t will be seen that the actual
profit on this i IN, at the present market
rate, is not less than ten per cent. per au-
mum.
It's Exemption from State or Mu-
ncipal Taxation.
But aside from all the advantage We have
enumerated, a special Act Of Congress erempts
oil bonds and Treasury notes from local taxation,
On the average, this exemption is worth
about two per ceat per annum, accc d ~ to
the rate Of taxation in various parts Of the
country.
1t is believed that no securities offer 80
great inducements to lenders as those issued
BY the government. In all other forms Of
Indebtedness, the faith or ability of private
parties, or stock companies, or separate com
munities. only, is pledged for payment, while
tho whole property Of the country is held
to secure the discharge ofaN the obligations
Of the United States.
While the government offers the most lib
eral terms for its loans, it believes that the
very strongest appeal will be to the loyalty
and patriotism Of the people.
DoRsiVheC CCI iJHCHtes IA Oc ISSUED LOT all
deposits The party depositins must endorse
upon the original certificate the denomina-
tion Of notes required and whether they are
to be issued in blank or payable to order.
When so endorsed it mu<t be left with the
officer receiving the deposit, to DC forwarded
to the Treasury Department.
SUBSCRIPTIONS WILL De REcEuvEp by the
Treasurer ofthe United States, at Washing
ton, the several Assistant Treasur,rs and
designated Depositarics. ar d by the
First National Bank of
Iowa City, Lyons davenport and Dubuque
and by all National Banks which are aeposi.
taries Of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout The country win give further in
formation and
AFFORD EVERY FACILITY 70 SUBSCRIBERS.
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