Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-09-26
U.S.7-30 loan

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treas
ury Notes. payable three years from August 18th
1854 with semia interest at the rate of sew
en- and three tehih- per cent per nnum,-prn-
cpal ana interest both to be paid in lawful money
These notes viii be convertible at the option of
bearing bonds. pay able not less than five nor
more than twenty years f-"-' ''.Ni' ""'e' as '''e
Gover~-.ent ma, elect. They will be issued in
denominations of $50, 800, $500 81 900 and So
900, and all subscriptions must be for fifty dollars
or some multiple of fift, dollars.
These notes will be transmitted to the owners
free of transportation charges as soon after the
receipt fthe original Certificates of Dep ,sits as
they can be prepared
As the notes draw interest from August Is, per-
making deposits subsequent sto 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 commission of onesquarter Of one
per cent, which will be paid by the Treasury De
prtmcnt upon the receipt Of bill fer the amount
certified to by the officer wit whom the deposit
was made. No deductions for commissions must
be made from the deposits
Special ADV ssnsaRes Of this Loan,
II Is NATIONAL SAvrxes B,>x Offering high
c~"fy. Any savings bank which pays it's dcpos-
itors in L. S. Notes, considers tina; i, is paving
10 the best circulating medium of the country,
and tcaanot pay iii anything better, for its own
assets either in government securities or in
notes and bonds payable in government paper
II is equally convenient as a temporary or per
manent investment. The notes can always be
sold for within fraction of their face and accu-
m lated interest, aud are the best security with
banks as colaerals for discounts
Convertible into 6 per cent. 30 Gold Bond.
In addition to the very liberal Interest on the
notes for three years, this privilege of conversion
is now worth about three per cent. per annum,
for the current rate for 500 Bonds is not less
than nine per cent. premium, and before the war
the premium on six per cent. U. s. stocks was
over twenty per cent. 1t will be seen that the
actual profit on this loan. at tn present market
rate. is not less than ten per cent. per annum.
Its Exemption from Mate Or Municipal
Taxation.
EBut aside from all the advantages we have emu
meratcd, special Act of Congress srenpts all
bonds and Treasury notes from locct tayafion. On
the average this exemption is worth about two
per cent. per annum, according to the rate oftax-
alton in various parts Of the country,
l, is believed that no securities offer SO 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 communities, only, is
pledged for payment, while the whole property Of
the country is held to sscure the discharge of all
the obligations of the Unt.d States.
While the Government offers the most liberal
terms for its loans, it believes that the yery
strongest appeal will be to the loyalty and patri-
otism Of the people.
SUBSCRIPTIONS WILL BE RECEIVED BY the Treas
urer ofthe United States, at Washington. the
several Assistant Treasurers and designated De-
positaries. and by the
First National Rank.
Of Davenport, Iowa,
and by all National Banks which are demonstrates
Of public money, and
ALL RERPECTABLE BANKS AND BANKERS
throughout the country will give further infor
nation and
AFFORD EVERY FACILITY TO
SUBSCRIBERS.
aug26-d&w2m