Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-09-06
U.y.7-30 Loan

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The Secretary Of u. Treasury gives motto. sh.s
srssaepsIo1swill - recsived for Coupon 1resst
ny so'se. tSAAe s.Ar.s3..rs from August lssl
iss4; with spAis ,sal id1sress q the rste Of sev,
= ssaahraSA sa.'asp ~ tJsA per rs.un. -priu.
cPsi emo interest," both to b. paid in lawful money.
Thee notes vi n be Convertible q the option q
To-, holder At maturity. into six per csnt. gold
, bearing bonds, payable not less than five nor
! more than twenty years from their date, As the
Govsrsioeus ma, elect. They win be issued il
denominations Of go. s1oo. $500, q 900 sad g.
600. ard all subscriptions must be for ty dollars
or some multiple Of Eft, dollars.
These notes will be transmitted to the owners
free of transportation charges A. soon after the
receipt Of the original Certificates Of Deposits as
they can be prepared.
As the notes draw interest from August 49, 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
and upw ards for these notes at any one time III
be allowed a 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 witt; whom the deposit
was made. No deductions for commissions must
be made from the deposits.
Special Advantages Of this Loan.
IT IS NATIONAL SAVINGS BANK, Offering high
or rate Of interest than any other, and the best &C.
cu'ify. Any savings bank which pays its depos-
ltors in Q. S. Notes. considers tina. il is paying
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 always be
sold for within fraction Of their face and accu-
mulatcd interest, and are the best security with
oNuho % SoiiutcTdiS IoT discounts.
Convertible into a 6 per cent. $40 Gold Bond.
In addition to TIA 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 500 Bonds is not less
than nine per- cent premium, and before the war
the premium on six per cent U. S. stocks was
over twenty per cent. 1t will be seen that the
actual profit on this loan, at the present market
rate, is not less than ten per cent per annum.
Its Exemption from State Or Municipal
Taxation.
But aside from all he;adv antages we have emu
merated, aspeciai Act Of Congress erenpts all
bonds and Treasury notes. from local taxation. On
the average, this exemption is worth about two
per cent per annum. according to the rate of tax
alton in 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 or ability Of private parties, or stock
companies, or separate communities only, is
pledged for payment, while the whole property Of
the country is held to secure the discharge of all
the obligations Of the Tnitsd States.
While the Government offers the most liberal
terms for its loans, it believes that the very
strongest appeal will be to the loypity and patri-
otism of the people.
SUBSCRIPTIONS WILL RE Er,EIyRp by the Treas
urer of the United States, at Washington, the
several Assistant Tr,:asurers and designated De-
positares, and b., the
Fist National Bank.
of Davenport, Iowa,
and by all National Banks which are depositaries
OF public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further infor-
nation and
AFFORD EVERY FACILITY TO
SUBSCRIBERS.
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