Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-05-03
]. s. 40 DOIDs

These Bonds are issued under the act Of con.
pres. Of March sth, 1854, which provides that in
lien Of so much Of the loan authorized by the
act Of March Sd, 1863, to which this is supple
mentary, the Secretary Of the Treasury is author
lied to borrow from time to time, on the credit |
Of the United States not exceeding TWO HUN
DRED MILLION DOLLARS during the current
fiscal year, and to prepare snd issue therefor
Coupon and Registered Bonds of the United
States and all Bonds issued under this Act 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 are TO BE
REDEEMED IN COIN, at the pleasure Of the
Government, at any period not less than ten nor
more than forty gears from their date and until
their redemption Five per Cent. inter.
est will be pnfd 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, and
the annual coupons on the SO and 100 Dollar
Bonds are payable on the FIRST Of March.
Subscribers will 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 to
bearer. and are more convenient for commercial
Registered Bonds will be issued Of the denom
nations Of Fifty Dollars, (s5o) One Hundred
Dollars, (sloo) Five Hundred Dollars, $500,
One Thousand Dollars. (Sl, ,ooo,) Five Thousand)
Dollars. $4,000 aud Ten Thousand Dollars
(slo, 900 , and coupon Bonds Of the denomina
tions Of Fifty Dollars, ($5o,} One Hundred Dol
,ars. (sloo) Five Hundred Dollars, ($5oo,) and
One Thousand Dollars, (S1, ,ooo)
Subscribers to this loan will have the option of
having their Bonds draw interest from March lst,
by paying the accrued interest In coin--Cor in
United States notes. or the notes Of National
receive them drawing interest from the date Of |
subscription and deposit.
As these Bonds are exempt from municipal or |
to three per cent. per annum, according TO the
rate of tax leyies 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
are Of equal convenience as permanent or tenn
porary investment.
1t is believed that no securities offer SO great
Inducements to lenders as the various descrip-
tions of United States Bonds. In all other forms
of indebtedness, the faith or ability Of private
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 the payment Of
both principal and Interest In coin.
from $50 up to any magnitude, on the same |
terms, and are thus made equally available to the |
smallest lender and the largest capitalist They |
can be converted into money at any moment, and |
the holder will have the benefit Of the interest.
The fact that all duties on imports are payable /
in specie, furnishes fund for like payment Of in.
terest on all Government Bonds largely in excess
of the wants of the Treasury for this purpose
Upon the receipt of subscriptions a certificate
of deposit therefor, in duplicate, will be issued,
the original Of which will be forwarded by the
subscriber to the Secretary Of the Treasury, Ct
Washington, with letter stating the kind (regis-
tered or coupon) and the denominations of bonds
required
Upon the receipt Of the original certificates at
the Treasury Department. the bonds subscribed
for will be transmitted to the subscribers respec
lively.
Subscriptions will be received BY the Treasurer
Of the United States, at Washington. and the A.
sistant 7reasurers. q: New York, Boston, and
and by the
First National Bank of Davenport, Iowa.
i" of Keokuk, i"
of st. Louis, No
u.oora
rh;-d
First National Bank Of 1t. Pleasant, Iowa.
and b. iii Na*ional Deoks which ere depoaitafiss
Of public money. Ali rsst stectabls hashs end
bankers throughout the country viii furnish fur
ther information on application, and aford every
facility to subscribers.
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