Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-08-30
u.S.7:3UEU4

UaSa0U kUAN
me Secretary Of the Treasury gives notice that
subs criptions will be received for Coupon Treas
ury Notes, payable three years from August 18th
1864 with semi annual interest at the rate Of sew
on and thr &c tenths per cent. per Hnnum,-prin-
cipal am in .erest both to be paid in lawful money
These notes will be convertible at the option Of
the holder at maturity, into six per cent. gold
bearing bonds, pay able not less than five nor
more than twenty years from their date, as the
denominations of $50. eloo, $500, 81 900 and So
oo and all subscriptions must be for fifty dollars
or some multiple of fifty dollars.
These notes will be transmitted to the owners
free of transportation charges as soon after the
receipt Of the original Certificates Of Dep osits
they can be prepared.
As the notes draw interest from August l5 per-
sons making deposits subsequent to that date
must pay the interest accrued from date Of note
to date Of deposit.
Parties depositing twenty five thousand dollars
and upwards for these notes at any one time will
be allowed a commission of one-quarter Of one
per cent. which will be paid by the Treasury De-
partncnt upon the receipt of bill fer the amount
certified to by the officer wit whom the deposit
be made from the deposits
Special Advantages of this Loan.
IRIS A NATIONAL SAVINGS BANK, Offering hi oh
err rate Of interest than any other and the b.st
curity ANY savings bank which pays its depos-
itors in U. s. Notes, considers that il is paving
in the best circulating medium of the country.
| and it cannot pay in anything better, for its own
assets are either in government securities or in
II IS equally convenient as temporary per
| manent investment The notes can always be
] muated interest and are the best security with
banks as collatcrals for discounts
Convertible into a 6 per cent. go Gold Bond.
| la addition to the very liberal Interest on the
notes for three years this privilege of conversion
is how worth about three per cent. per annum,
| for the current rate for 5-2v Bonds is not less
than MN. per- cent Premium and before the war
the premium on six per cent U. $. stocks was
over twenty per cent 1t will be seen that the
actual profit Oh this loan at the present market
rate, is not less than ten per cent per annum.
Its Exemption from State Or Municipal
Taxation.
| But aside from all disadvantages we have emu
merated special &c: If Congress srempts all
tonds and Treasury notes from local faratton. 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,
! 1t IS believed that securities offer so great
| inducements 10 lenders as those issued by the
| government. In ali other forms of Indebtedness
the faith or ability OF private parties stock
companies. or separate communities, only, is
pledged for payment, while the whole property Of
| the country is held to secure the discharge of all
| the obligations of the Unite. d States.
While the Government offers the most liberal
| terms for its loans it believes that the very
stronges, appeal viii be to the loyalty and patri
otism of the people.
Subscriptions WILL BE RECEIVED BY the Treas
urer of the United States, Mt Washington, tn.
scvera. Assistant Treasurers and designated De
positaries, and by the
| First National Bank.
| of Davenport, Iowa,