Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-09-21
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The Secretary Of the Treasury gives peiios thai
sb.crl Pion,fin y received for coupyn 4 Jas
urtxd ;, pablo zee years from August Fth
asa, b sel ann interest at the rate fv-
eHsnd sirce tensas Per cent. per snnum,-prin-
cipal interest both to be paid in lawful money.
These notes will be convertible at the option of
the holder .. maturity, into nix peresat. gold
bearing bonds, pay ,ble not less than five nor
more than twenty years from their date, a. the
Gotctnmcnt ma, elect. They will be issued in
Denominations Of $50 sloo. t5Qo. 8. 900 AAa ts.-
ooo, and all subscriptions must b. for tifly dollar.
or sonnc multiple Of Fiji, dollars
These notes will be transmitted to the owners
free Of. transportation cbargss - soon. 'afSsrsse
receipt the original Certificates Of Dep ,s,s
they can be prepared
As the notes draw interest from August Is, per-
sons making deposits subsequently, that date
must pav the interest accrued from date Of note
TO date Of deposit. Eos Afa -
Parties deposi,ing twenty fire thousand dollars
and upwards for these riotes at any time will
be allowed q commission. Of one-quarter Of one
per cent, Which will be paid by the Treasury De
parmeni upon the receipt Of bin fer the amount
certified to by the officer witt whom the deposit
was made. No deductions for commissions must
be made from the deposits.
Special Advantages Of this Loan,
irmA National SavixGs BANK, Offering thigh
or rate Of interest than ANY other and the Jsa
curisy ANY savings bank which pays its depos-
i,ors in L. s Notes. considers that i, is paving
| ia the hes, circulating medium Of the country,
| and il eannot pay in anything better, for its own
assets are either in government securities or in
| nq,es and bonds payable in governme mt paper
| 1t il equally convenient as a temporarvvr per
| mancnt investment. The notes can always be
sold for within fraction Of their face and accu-
mulaied interest, and are the best security with
BANKS as cOieteToIS TOT discounts.
Convertible into a 6 per cent. 80 Gold Bond.
In addition TO the very liberal iuteres, On the
notes for three years this privilege of conversion
is now worth abou. three per cent per annum,
for the current rate for 800 Bonds is not less
than nine PER cent. premium, and before the war
| the premium on six per cent. L. 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 annup.
lis Exemption from State Or Municipal
Blu, aside from NIL the advantages we have emu
merated, special Act OF Congress ceempts al
tonds md Trashy noses fron. 'eca, taratsoa. On
the average. this exemption is worth about two
per ceat. per annum. according the rate Of tax
alton in various parts OF the country,
| 1t is believed that no securities offer so great
inducements to lenders as those issued by the
government la all other forms Of indebte dness,
the faith or ability of private parties, stock
| companies, separate communities, only, is
pledged FOR payment, while the whole property OF
the country is held 10 SECURE the discharge of all
the obligations of the Unit d States. S..
While the Government offers the most liberal
terms for it's loans, il believes that the very
strongest appeal will be 10 the 10y atty and patri-
otsm of the people.
SUBSCRIPTIONS WILL DE RECEIVED by the Treas.
urer ofthe United States, at Washington, the
several Assstan, Treasurers and designated De
posi;aries, and by the
First National Bank.
of Davenport, Iowa,
and by all National Banks which arc depositaries
of public money and,
ALL RERPECTABLE BANKS AND BANKERS
throughou. the country will give further infor-
nation and
AFFORD EVERY FACILITY TO
SUBSCRIBERS