Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-09


sscsl wear, and to prepare and issue therefor |
Coupon and Registered Bonds Of tie United |
states; and all Bonds issued under this Ac, 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 TO BE
REDEEMED N COIN at the pleasure OF the
Government. a, anv period not less than tea ao'
mare than Jorty years from their date, and un''i
their redemption Five per Cent. inter.
est will be paid i'm Coin. on Bonds of
not over one hundred dollars annually, and on
all other Bonds semi annually
The interest is payable on the first days OF
March and September in each year. The semi
annual coupons are payable at those dates, ana
The annual coupons on the 80 and 100 Dollar
Bonds are payable on the first Of March.
| Subscribers viii 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 are payable 10
bearer. and are more convenient for Commercial
uses
Registered Bonds will be issued Of the denom
nations of Fifty Dollars, 800 One Hundred
Dollars f;1ooa Five Hun dred Dollars, ls5oo
Ono Thousand Dollars, 81 ,ooo.l Five Thousand)
Dollars, (S5.0vo) and Ten Thousand Dollars ;
| 100000 and coupon Bonds Of the dcnomina
tioas Of Fifty Dollars, 's5e) One Hundred Dol
lars sloo Five Hundred Dollars, SON. and
One Thousand Dollars, q: ,eon.)
Subscribers to this loan will have the option Of
| having their Bonds draw interest from March s
by paying the accrued interest in coin--[or in
United States notes, or the notes of National
Banks, adding fifty per cent. for premium or
receive Them drawing interest from the date Of
subscription aud deposit.
As these Bonds are exempt from municipal or
State taxation, their value is increased from ore
| to three per cent. per arnu,n according to The
rate Of tex lcsics in the various parts of the
country.
At The present rate of premium on gold they
pay over eight per cent interest in currency, and
arc of equal convenience as a permanent or tenn
porary investment
| 1t Is believed that no securities offer 80 .rr,at
Inducements to lenders as the varions descrp
tons of United Stafa.. pvlius. In all oherforms
OF Indebtedness the faith or ability of ,r;va,e
| parties or stock companies, or separate commu
mites only is pledged for payment. while for the
debts Of the United States the Whole property of
! the country is holden to secure IL Q pavmeut of
9th principal and Interest IN coin.
These Bonds may be subscribed fo.. i, Sums or
rom so up to any magnitude, on the same
terms and are thus made EQUALLY available to the
smallest lender and the largest capitalist They
'''i' pe converted into money nj any moment. and
the holder viii have the benefit of the interest
The fact that all duties on INN. ,rts are r,,.a,,e
IN specie furnishes fund for lii c payment of in
tercst on all Governmen: Bonds aroely in e,coss
o. The wants of the Treasury for his purpose.
Upon the receipt of subscriptions, a certificate
OF deposit therefor, in duplicate. viii be issued
The original Of which Will be forwarded bv the
subscriber to the Secretary Of the Treasury. at
Washington, ~itii letter stating the kind fresi;
tered or coupon and t,Ac denominations Of bonds
required
fon ne re ccipt of the original certificates at
'he treasury De- artinent, the bonds subscribed
i'r VIII be transmitted to the subscribers rcspec-
tive =.
Subscriptions will be received by tie 7resrsurer
q f@S Initial .sttfes, at Washington, and the is
sis'a,t T-easerer<, at New York. Boston. and
Philadelphia, and by the