Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-08-31

The se~etay. Of the Treasury gives notice that
subscriptions MI be reserved for Coupon Tres
.ust Notes. payable thrse years from Augus.lSsA
1854, with semi annual interest at the rate of sew
en- and three tenths per cent. per snnum,-prin
cipa ana interest both TO be paid in lawful money.
These notes will be convertible At the option Of
the holder at maturity, into six per cent. gold
bearing bonds pay ablc not less than five nor
more than twenty years from their date, as the
Government may elect. They will be issued in
denominations Of ESQ. slco. s5eo, 81 600 and 49,
oeo and all subscriptions must be for fry dollars
or some multiple Of tif,, dollars
These notes will be transmitted to the owners
free of transportation charger ~ soon after the
receipt Of the original Certificates Of Deposits
they can be prepared.
As the notes draw interest from August is, per-
sons making deposits subsequent to that date
must pay the interest accrued from date Of note
to date Of deposit.
Parties deposting twenty five thousand dollars
and upwards for these notes at any one time will
be allowed a commission Of onc-quar;er Of one
per cent, which will be paid by the Treasury De-
partment upon the receipt of bill fer the amount
certified to by the officer wit whom the deposit
was made No deductions for commissions nut st
be made from the deposits.
Special Advantage Of this Loan,
NATIONAL SAVINGS BANK Offering high
curity. Any savings bank which pays its depos
itors in L. S. Notes considers that il is paving
in the best circulating medium of the country
and it cannot pay in anything better for its own
assets are 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
INFLATED interest, and are the best security with
banks as coaterals for DISCOUNTS
Convertible into 6 per cent. go 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 800 Bonds is not less
| than nine per cant. Uranium, and before the war
the premium Oh six per cent. L. s. stocks was
over twenty per cent 1t will be seen that the
actual profit this loan, at the present market
rate is no. less than ten per cent per annum.
Its Exemption from State Or Municipal
Taxation.
But aside irou all the advantages we have emu
| mai ated, special Act of Congress ersmpts all
bonds and Treasury notes fronl foca{ taxation. On
the average, this exemption is worth about two
per cent per annun according to the rate of tax
alton liz various parts of the country,
II 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 ability of private parties, or stock
companies. separate communities, only, is
pledged for payment. while the whole property Of
the country is held sscurc the discharge Of all
! the obligations of the Unit d States.
While the Government offers the most liberal
terms for its leans, it believes that the very
strongest appeal will be to the loyalty and patri-
otism of the people.
SUBSCRIPTIONS WILL RE RECEIVED by the Treas
urer ofthe United States, at Washington, the
several Assistant Treasurers and designated De-
positaries, and by the
First National Bank.
of Davenport, Iowa.
| and by all National Banks which are depostaries
| of public money, and