Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1864-09-16
u. S. $50 LOAN.

The Secretary Of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug.
18th, 1854, with semi-annual interest at the rate
of seven and three-tenths per cent per annum
principal and interest both to be paid in law.
full money
These notes will he convertible ut the option
of the holder at maturity, into six pei cent.
collaborating 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, 500, $500, 81 600 and
$4,000 and all subscriptions must be for fifty dol
lars or some multiple of fifty dollars.
The notes will be transmitted to the owners
free OF transportation charges as soon after the
receipt of the original certificates of deposit as
they can be procured.
AS the notes draw interest from August l5
persons making deposits subsequent to that
date must pay the interest accrued from date of
note to date of deposit.
"illeS uepoSiIlHS twenty-five thousand dol
lars and upwards for these notes at any one
time will be allowed a commission of one-uuar-
ter of one per cent, which will be paid by the
Treasury Department upon the receipt of bill
lor the amount, certified to by the officer with
whom the deposit was made. No deductions
for commissions must be made from the de-
posits.
Special Advantages Of this Loan.
1T Is NATIONAL SAVINGS BANK, Offering q
higher rate of interest than any other, and the
best security. Any savings bank which pays its
depostors in U. s. Notes, considers that it 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 Sc
curities or in notes or bonds payable in govern
ment paper.
1t is equally convenient as q Temporary or
permanent investment. The notes can always
be sold for within fraction of their face and
accumulated interest, and are the best security
with banks as collateral for discounts.
Convertible into Six per cant. 2-2o Gold
Bond.
In addition to the very liberal interest on the
potes for three years this privilege of conversion
is now worth about three per cent per annum
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 mark ct
rate, is not less than ten per cent per annum. |
Its Exemption from State or Municpa |
Taxation.
But aside from all the advantages we have
enumerated, special act of Congress erenipts |
all Bonds and Treasury Notes from locul taration |
On the average this exemption is worth about
two per cent per annum, according to the rate
of taxation in various parts of the country
1t 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
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
triotism of the people.
SUBSCRIPTIONS BE RECEIVED by the
Treasurer of the United States, at Washington,
t le sew eral Assistant TreasGrers and designated
and by the
FIRST NATIONAL BANK AT DAVENPORT,
AND THE
First Szakionas Bank ts0Nu City,
and by all the National Banks which are depos-
itarics of public money. and
All Respectable Banks and Bankers
Throughout Inc country will give further infor-
nation and
afford Every Facility to Subscribers.
aug23,iwins2In tp col.