Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-07

H. bond !. issued under he Of con-
g .re', y, 1861, which pr0vid that
lieu or 40 much OF the loan authorized by the |
act Of March I'd. 1868. to which this is supple
men.ary, the Secretary Of the Treasury is author;
;,.a q, sor,o. from tinc to tilhe, On the credit
~ the United states. not exceeding TWO Hun
uprp MILLION DOLLARS during the. cerrsps
fiscal year. and 70 prepare and issns thstsfar
Cos,ea and Registered Bonds Of the United
States; and all Bonds issued under this Act shall
be EXEMPT FROM TAXATION by or under any
State or municipal authority. Subscriptions to
these Bonds are received in United States notes,
or notes Of National Banks. They are TO BE
REDEEMED IN COIN, at the pleasure Of the
Government, at any period not less than ten nor
more than forty years from their date, aud until
their redemption Five per Cent. inter.
est viii be paid I'm Coin. on Bonds Of
not over ono hundred dollars annually and on
all other Bonds semi annually.
The interest is payable OF the first days Of
March and September in each year. The semi
annual coupons are payable at those dates, and
the annual coupons on the 80 and 100 Dollar
Bonds are PAYABLE on the first Of March,
Subscribers will receive either registered or
coupon Bonds, as they may prefer Registered
Bonds are recorded on the books Of the United
States Treasurer. and can be transferred only on
the owners order; coupon Bonds arc payable to
bearer, and are more convenient for Commercial
uses.
Registered Bonds will be issued Of the denom-
nations of Fifty Dollars, $780, One Hundred
Dollars, (sloo,l Five Hundred Dollars, $500,
One Thousand Dollars, 81 ,oo0,) Five Thousand
Dollars, It5,ooo,) and Ten Thousand Dollars
$4,000 and coupon Bonds of the denomna-
tons of Fifty Dollars, $780, One Hundred Dol
lars. tsl0o) Five Hundred Dollars, (s5oo,) and
One Thousand Dollars, 81, ooo)
Subscribers to this loan will have the option Of
having their Bonds draw interest from March LIST
by paving the accrued interest in coin--(or in
United States notes. or the notes of National
Banks, adding fifty per cent. for premium Of
: receive them drawing interest from the date o.
subscription and deposit
As these Bonds are exempt from municipal o,
to three per cent. per annum, according to tn,
rate Of tax leves in the various parts of til,
country
At the present rate of premium Oh gold they
pay over eight per cent interest in currency ant
are OF equal convenience as a permanent or TEN
! porary investment.
1t Is believed that no securities offer so erea
Inducements to lenders the various descrip
tons of United States Bonds In all other form
of Indebtedness, the faith or ability of privat,
parties or stock companies, or separate comn,u
nj fisas ,v.- -,
debts Of the United States the whole property o
,, the country 10 holden to secure the payment o
9th principal and Interest In coin.
lhese Bonds may be subscribed for in sums o
rom 500 up to any magnitude, on the sam
terms, and are thus made equally available to til
smallest lender and the largest capitalize. The
can DC converted into money ut any mon rent, an
the holder will have the benefit of the in, crest.
The fact that all duties on imports arc payabl
! IN specie, furnishes fund for like payment Of in
terest on all Government Bonds largely in exccs
OF the wants Of the Treasury for this purpose
, Upon the receipt of subscription u ccrticat
of deposit therefor, in duplicate, will be issued
! the original of which will be for wardcd bv tn
subscriber to the Secretary Of the Treasury. q
) Washington, with letter stating til kind (rcsi.
tered or coupon) and tho denominati ms Of bond
required.
. Upon the receipt Of the original certificates
the Treasury Department, the bonds ,ubscril e
for will be transmitted to the subscribe rs respec
lively.
Subscriptions will be received BY the Treasure
Of the United States, at Washington, nd the As
sisfant 7,edsurrs, at New York, DO ,ton, an
Philadelphia, and by the
First National Bank of Davenport, Iowa.
&C of st. Louis, Mo.
Second y"
Third I"
First National Bank Of MI Pleasant. Iowa.