The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-07-21
Us. 1910
"ON D~s

These Bonds are issued under the ACT OF
Congress Of Ma, oh s.h, 1864, which provides
tina. all Bonds issued under this Act shall De
EXEMPT FROM TAXATION by or under
any State or municipal authority. Subscr'p-
lions to these Bonds are recei we'd in United
States notes Or Votes Of National Banks They
are TO BE REDEEMED IN COIN, at the
pleasure Of the Government, 1t any period
notls.s than ten nor more than forty 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 .'onls semi
annually. The interests payable on the first
days Of March and September in each gear
Subscribers will receive sither Registered
or Cupon Bonds, as they may prefer. Regis
tered Bonds are recorded on tho hooks IT the
o. 8. Treasury, and can be transferred only
on the owners order. Cupon Bonds are
payable TO bearer, and are more convenient
for commercial uses.
Subscribers 10 this loan will have the op
ton Of having their Bonds draw interest
V1u hhTCu iSt. ny wv "eSHtS ~ $500
eat in con-for in United States notes, CIR o!
National ga ks. adding Fifty per cent, for
pl emiun or receive them drawing interes'
from the date OF subscription and deposit
As these Bonds arc Exempt
from Mun,nc val or state Taxation,
heir value is increased from one TO three
per cent, per annun, according to the rate Of
tax leves in various parts Of the country.
At,he present rate Of premium on gold theT
pay
over Eight per ceat Interest
in currency, aud are Of equal convenience ae
permanent OF temporary investment.
II i. believed tina. no securities offer SO
great inducements 70 lenders IS the various
descriptions Of U :. i'onds. In AL other
forms Of in. b,edness. the faith or ability 6
oriyaic parties or o-S mpa'i or sepa-
rare communities only is p'egei for payment
viii efor The debts OF the United States the
whole property Of the country is holden 10
secure the payment Of both principal and in.
te rest in coin,
these Bonds may I've subscribed for in sums
from So up to any magnitude, on the sam"
terms. and are thus made equally availahl"
to ne sm aliest lender and the latgest capital
lists. They can be converted info money At
any moment. aud the llcr will have tLc
benefit ofihe interest.
II may be useful TO STATEN this conaectiop
thatthe total Funded Debt of the United States
on which interest is payable in gold. on the
b day Of March, 1864, was SECS a65,f
The interest on this deb. for the coming As
"a, year will be s45,as7 l2s, while the cus-
toms revenue in gold for tho current fiscal
year ending June 3oth 1864, has teen 50 far
It the rate Of over 100000, Oc0 per an2nm
1t will be seen that even the present gold
revenues Of the Government are largely in
excess Of the wants Of the Treasury for the
payment of gold interest. while the reaen, in
crease Of the tariff will doubtless RAISE the
annual receipts from customs on the same
amount Of imposiation., to 100000 per
annum.
Instructions to the National Ranks acting
- loan agents we're not issued from the Uni;
ed States treasury until March 2t. hut in
the first three weeks of April the subscrip-
lions averaged more than TEN MILLIONS
WEEK
Subscriptions will b. eceived by the
First National Bank Of Davenport Iowa
First National Bank Of keokuk, Iowa.
First National Bank Of Mt. Pleasant, Iowa.
AND RY ALL YATIONAL BANKS
which are depositsries ofPuhlic money, and
all
RESPECTABLE BANKS AND BANKERS
throughout the country, (ac,ing az agents
OF the National Depository Danks,l will
furnish further information on application
and
AFFORD EvERY SAcILIrg 70 SUBSCRIBERS.