The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-08-18
]. ). 7-3O

Tho Secretary of the Treasury gives notice
that subscription, will be received for Cou-
pom Treasury Notes payable three years from
Aug 18TH 1864, with semi nrual interas,
at the rate Of seven and three tc tbs per cent
per annn,n, p rincipal and interest both to be
paid ii lawful moEey
These notes will be- convertible at the option
Of til, holder nt maturity, into six per cent.
gold bearing bonds payable net less than
FIVE nor more than twenty years from their
date, as the Government ma, elect. They
win be issued in denominations Of $50, 800
$500, 81 900 and $4,000, and all subscrip.
tiors must be for fifty dollars or some multi
pie Of Fifty dollars.
The notes viii be Transmitted to the own
ers free Of transportation charges as soon af-
ter the receipt Of the original Certificates of
Deposit as they can be prepared.
As the notes draw interes: from August Is
persons making deposits subsequent to that
date must pay the interest accrued from date
Of note 10 dats.of Leposte.
Parties depositing twenty = five thousand dol
time will be allowed a commission of one quar-
ter Of one per cent, which will be paid BY
the Treasury Department upon the receipt
Of a bill for the amount, certified 70 By the
officer with whom the deposit was made, No
deductions fur commissions must be made
from the deposits.
SPECIAL ADVANTAGES OF THIS
LOAN.
IRIS A NATIONAL SWINGS BANK. Offering q
higher rate ofinterest than any other, and
Mr best security Any savings bank which
pays its depostors in Y. S. Notes. consider.
that it is pay ing in the best circulating me-
dn,n Of the cou ,try and 1t cannot pay in
any thing better, for its own assets are eth
err IN government securities or in notes or
.onds payable in government paper
II is equally Convenient IS temporary or
permanent investment. The notes can ~.
ways be sold for within fraction Of their
face and accumulated interest, and are he
best security with banks as co.la.erals for
discounts.
Convertible into a Six per cent.
$50 Gold Bond.
In addition 10 the very liberia! interest or
The notes for three years, this privilege Of
Conversion is now worth about three per
cent, per anuum, for the current rate for
; % Bonds is no, less than nine per cent pro-
mum, and before The war the premium on
six Fer cent Z. $. stocks was over twenty
per cent. 1t will be seen that the actual
profit on this loan. at the present marker
rate, is not less than ten per cent per an
mum,
its Exemption from State or Mu-
nine pal Taxation.
But aside from all the advantages We have
- q
all5onds and Treasury notes from iocal t,taHo..
On the average, this exemption i worth
about two per cent. Ter annnm, according u
the rate of taxation in various parts Of The
country.
II is believed that no securities offer So
great Inducements to lenders NJ those ssa,i
by The government. In all other ior,us 81
ipd"hi ealess, the faith or ability CT priv -tp
parties, or stock companies. or separate com.
muhites only. is pl.isei for psymen., w.4:le
the Whole property Of the country il heia
- secure the discharge ofall tae obligations
# TIC United sta.cs
Vnile Inc government offers the most ,ih-
e1.' terms for its loans, il believes that the
vert siranges, appeal will be to the loyalty
AL patriotism OF The people.
Duplicate ce.t ieaies viii be issue,, for a
deposits The party depesiias must endorse
upon lie ortgi.ai certificate the denon,ina-
'ion q notes required, and whether thew are
70 he issued in biank er payable 10 order
when sce.leised il must be left with the
officer receiving the Deposit 70 b, forwarded
70 the Treasury Department.
SUBSCRIPTIONS WILL M RECEIVED by the
Treasurer Of the United States, 1T WASHING
ION, the several Assistant IRE sursrs and
designa.ci nerositaes AZ 4 by the
First National Bank Of
Iowa City, Lyons davenport ana Dubuque
aud by all Natioualg'anks which are seposi
tarics Of public n,eney, and
AL. RES2EC FABLE BANKS AND BANKERS
throughout The country will give further in
formation and
AFFORD EVERY FACILITY 70 SUBSCRIBERS.
vol7G3 im3