Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-09-10
u.S.7-30 Loan

The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treas
ury Notes, payable three years from August 18th
1854, with sem-annua interest at the rate of sew
en- and three -tenths per cent per rnnum.-prin-
cipal 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 sble not less than FIVE nor
more than twenty years from their date, as the
Government may elect They will be issued in
denominations OF $50, $780, $500, 81, 900 and S5.-
600, and all subscriptions must be for fifty dollars
or some multiple of fifty dollars.
These notes will be transmitted to the owners
free OF transportation charges A. soon after the
receipt of the original Certificates Of Dep ,sits as
they can be prepared.
AS the notes draw interest from August Is, per-
sons making deposits subsequent Ito that date
must pay the interest accrued from date of note
to date Of deposit.
Parties depositing twenty five thousand dollars
andiupwards for these notes at any one time will
be allowed commission of one-quarter 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 with whom the deposit
was made. No deductions for commissions my At
be made from the deposits
Special Advantages Of this Lonn,
IT'S NATIONAL SAVINGS BANK, Offering high
er rate Of interest than any other and the best Sc
e1r'fy. Any savings bank which pays its depos
itors in Q. 8. Notes. considers that i, 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.
1t is equally convenient as temporary or per
manent investment. The notes can ALWAYS be
sold for within q fraction of their face and accu.
muIated interest, and are the best security with
banks - collaterals for discounts.
Convertible into 6 per cent. so Gold Bond.
In addition to the very liberal interest on the
notes for three years. this privilege Of
IS now worth about three per cent per annum
for the current rate for $50 Bonds Is not less |
than nine per cent. premium, and before the war
the premium on six per cent u. s. stocks ", =
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 annr.m
Its Exemption from State Or vieipal
Taxation. .aa
But aside from all disadvantages We have enu.
merated, special Act of Congress- ezynapts all
'o"ds e"d Treasury notes from local tas alton. On
ne average, this exemption is worth about two
Der cent per annum, accor ding to the rate of tax
'sion in various parts Of the country.
II - believed that NO securities Offer 80 great
Inducements to lende r. q those issu ed bv the
government. In ali other forms Of in debtedness.
ne faith or abiIi q Of private parties, or stock
onpsn'ea, or separate communities. only. i,
saseo 'or p ayment, while the whole property Of
ne country is held 10 sscure the discharge Of III
= oO'r ,ations of the Unite States.
,"h lie the Government offers the most liberal
:" % for its loans, it believes that the very
.rongest appeal will to the loyalty and patri-
otism Of the people. =. .-.A. fr.i = 49,
.at-A-s -'--ts -s-'
Susscalrrloxs WILL % nxcsrvxD BY the Tress
nrer ofthe United Ststes, At washingtcn,a the
several Assistant Tressmers and desigustsd De-
positaries, and BY the ..slsc sas snisaa;
ElrAe Na4foooaDam1x. n eo
..loilosis:sasa.f Of sDavenpofs, Iowa,
md by Al 1faioaal Ranks whichare depositSries |
n public po4sss attl = sG aeaLs9 ssg:. 81 -
ALL RERPECTABLE BANKS AND BANK Frs
throughout the country will give further i.a5or-
AFFORD 8vERY FACILITY TO ..z0a|
~ SUBSCRIBERS. A up q
49, are26.ikWeDtaie sl:l tray
- r0rS erSe, ~,