The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-07-28
Us. 1910
"WD - MD~s

These Bonds are issued under the Act OF
Congress of March s,h, 1864, which provides
that all Bonds ISSUED under this Act shall be
EXEMPT FROM TAXATION BY or under
any State or Municipal authority. subscrip-
tions to these Bonds are receive in United
States notes Or a,tes Of National Banks They
are TO BE REDEEMED IN COIN, at the
pleasure Of the Government, at any period
noti.ss taqa ten nor more than Iorty years from
their date, and until their redemption FIVE
PER CENT, INTEREST Will BE PAID IN
COIN, on Bonds Of not over one hundred dol
lars annually and on all other fon!s semi
annually. The interest IS payable on the first
days OF March and September in each gear
Subscribers will receive either Registered
or Cupon Bonds, as they may prefer. Regis
tered Bonds are recorded on the books Vt the
T. S Treasury, and can be transferred only
on the owners order. Capon Bonds aie
payable to bearer, and are more convenient
for commercial uses.
Subscribers to this loan will have the op-
ton Of having their Bonds draw interest
ON March lst BY paying the ACQUIRED inter
est in coin-ior in United States notes or Of
National Banks, aiding fifty per cent, for
premium or receive them drawing Interest
from The date Of subscription and deposit.
As these Bonds are Exempt
from Muninc val or state Taxation,
Their value is Increased frcm one to three
per cent, per annum, according to the rate Of
tax levies in various parts Of the country.
a, the presen; rate Of pre- mium gold the7
pay
Over Eight per cent Interest
in currency, and arc Of equa. convenience &c
permanent or temporary investment.
1t i. believed that no securities offer Sc
great inducements to lenders as The various
descriptions of U. $. Ponds. In all other
forms Of ,eb,edness, the faith or ability cf
private parties or stock mpa-ics or sspa-
rate communities only is plered for payment
viii lefor The debts Of the United States tbs
whole property of the country is holden 10
secure the payment Of both principal ard in
terest in coin,
These Bonds may he subscribed for in sums
terms, and are thus made equally available
70 the smales: lenle and the largest capital
lists. They can be converted into money 81
any moment, aai lie alder will have tlt
hene fl of the interest.
It may be useful 10 s.atciu, his connection
tina. The total Funded Deb, Of the United States
on which interest is payable in gold on the
81 day Of March, 1854, was S1ds a65on0.
The interest on this debt for the coming lis.
cal year VII. be 81, G37, l26, while the Gus
toms revenue in gold for tho current fiscal
year, Guiding june 18th, 1864, has cen 50 far
Mt the rate Of e7er 100000 o.'0 per annum
1t viii BE seen that even he present geld
revenues Of The 0oTcrnnent are l-rsely II
excess 6; The wants CT The Treasury tor the
payuen. of cola interest, while he reeent in
crease Of the tariff Will doubtless raise the
annual receipts from customs OF the same
amour. Of i:aportatioas, 10 St5Ao9Q,e30 PER
annurl
Instructions to Inc National Banks acting
as loan agents were not issued from the nit
ed States Treasury until March %, Sat in
the FIRST three weeks Of April the satssrip-
tons averaged mare than TEN MILLIONS
A WEEK.
Subscriptions viii ;: eeeivei By -
First National Bank Of davenport Iowa
First National Bank Of keoknk, Iowa
First National Bank Of Vt Pleasant, lows.
AND BT ALL NATIONAL BANKS
which are depositaries otPuhlc money, aud
al
RESPECTABLE RANKS AND BANKERS
Throughout. the country, (acting AZ agents
Of the National Depository banks, will
furnish further information Gu application
and