Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1864-10-21
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u. Sas7-30o LOAN.
,. na3auidglW v 80 -

1
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The Secretary OF the ,l'reasnry gives notice
thatsubscaipionsiwd be reeeiv ed for Coupon
Treasury Notes, payable three years from Aug.
l5th, 1864, with seri annual interest OF the rate
Iof seven and tllree-tentlps per cent. per annum
I--principa and crest both to be paid in law.
In'd ',qs ht9d1efCUp Enl2grl tI jH9d
These notes Millbes con vertabla at the option
of the holder at maturity, into six per cent
gold- bearing bonds, payable 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, 300, $500, 81 eco and
5000 and all subscriptions must be for nfy dol
lars or some multiple Of Atty dollars. .al&
The notes will be transmitted to the owners
free of transportation charges SIS soon after the
receipt OF the original certificates of deposit as
they can be procured. ~.,,'-l-s...,.l.
AS the notes draw interest from August Is,
persons making deposits subsequent to that
date must pay the interest accrued from date of
note to date of deposit. r9n1 Hopis,H
! Parties depositing twenty five thousand dol
lars and upwards for these notes at any one
time will be allowed commission of one-quar-
ter of one per cent, which viii be paid by the
| Treasury Department upon the receipt of q bill
for the amount, certified to by the officer with
whom the deposit was made. No deductions
for commissions must be made from the de-
posits. 3.- 3D. r-est.. L'D" A1,'f
.st ~ .H ,H4.t.r "a 81. Tntlis9fl
Il Special Advantages Of this Loan.
1T IS A NATIONAL SAVINGS BANK, offering
higher rate of interest than any other, and the
| best security. ANY savings bank which pays its
| paying in the best circulating medium of the
country, and 1t cannot pay in anything better,
for its own assets are eitherin government
curities or in notes or bonds payable in govern
ment paper. .4'F.
tits equally convenient as a temporary or
permanent investment. The notes can always
be sold for within a fraction of their face and
accumulated interest, and are the best security
with banks as collateral for discounts.
Convertible into Six per cent. $40 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 $50 Bonds is not less
than nine per cent. renaiin,, and before the war
! the premium on six per cent. U. S. stocks was
over twenty per cent. 1t win be seen that the
actual profiton this loan, at the present market
ate, is not less than ten per cent. per annum.
Its Exemption from State or Municipal
I Taxation. >
/ But aside from all the advantages we have
enumerated, special act of Congress e1en1,ts
all Bonds and Treasury Notes from local taxation.
on the average this exemption is worth about
two per cent. per annurn, according to the rate
of taxation in various parts Of the country.
It is believed that no securities offer SO great
Inducements to lenders as those issued by the
government. In all other forms of indebted
ness, the faith or ability Of private parties, Or
stock companies, or separate communities, on
ly, is pledged for payment, while the whole
property OF the country is held to secure the
discharge of all the obligations of the United
STAGES.
| While the government offers the most liberal
terms for its loans, it believes that the very
strongest appeal will be to the loyalty and pa
triotisrn of the people
Up to the 24th ofSeptember, the subscriptions
to this loan amounted to over.
IS 400 900.
| SUBSCRIPTIONS WILL BIZ RECEIVED by the
Treasurer Of the United States, at Washington,
the several Assistant Treasures and designated
Depositaries, and by the
FIRST NATIONAL BANK AT DAVENPORT,
AND The
First National Rank "a Iowa City,
Ali Respectable Banks and Bankers
Throughout the country will give further infor-
nation and
1 Aford Every Facility to Subscribers.
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