Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-10-27
LOAN

The Secretary Of the Treasury gives notice tina,
ury Notes, payable three years from August 18th
ls64 with semi annual interes. at the rate of sew.
en- AID three tenths per cent. per unnum-prn-
cpsi ano interest both to be paid in lawful MONEY.
These notes will be convertible at the option o.
the holder at maturity, into SIX per cent. gold
bearing bonds, pay able not less than five nor
| more than twenty years from their date, as the
Government ma, elect They will be issued in
de. olnnatlons OF <5e sloo, x5lo. 81 cuc aud So
600, and ali subscriptions must be FOR fifty dollar.
or some multiple of fifty dollars.
These notes will lie transmitted to the owners
free Of transportation charges As soon after tile
receipt OF the Original Certificates Of Dep ,sits AZ
they can De pre- pared
rs the notes draw interest from August Is, per-
sons making deposits subsequent TO that ,!pts
aus, pay the interest accrued from da,,Sos note
70 date Of deposit.
Parties dcposil'ns twenty five Thousand dollars
and upwards ioI these notes at ans one time will
| be allowed commission OF one-quar:sr OF on.
| per cent.
| Special Advantages OF this i.oan.
IT IS ANArIoNAL SAVINGS BANK, Offering high
er rate of interest than any other, and the 5est S.
c"tfy Any savings bank which pays its depos-
TORS in L. ). Notes considers tin, is paying
| Ia The best circulating medium Of the country.
| and il cannot pay in anything better, for its own
| assets are either in government. securities or in
notes and bonds payable in 9orerume mt paper.
| Il is equally convenient rs /. temporary or r,r.
manent investment. Tie notes can ALWAYS be
sold ior within a fraction u their face ana accu.
nua'ed Interest, aud are sac best security witt,
hanAs as coaierals Tor discounts
Convertible into per cent. go Gold Bond.
| In addition to tho very liberal interest on the
ties for three years this privilege of conversion
Is now worth about three per cent. per amman.
for the current rate fer t-2o Bonds is not less
than ri" pr cent. rres.itn, and before the war
w i'ttuiiuni On stA Per cent. Y. >. stocks
over twenty per ceat. Il will be seen that the
actual profit on .his .osn, at tn present market
rate, is moi less than t"u per cent. per annunl
It's Exemption fron State Or Municipal
Taxation.
| But aside from all tie advantages we haveenu-
mera'ed, special Ae, Of Congress ecsi4yts al
te''ls a"t! Nea9ary "e'-e from iocdi trcq.tpa Or
the average. this eassnr.ion is worth about two
per cent pr aEnun according to the rate &C AK
stion ~ yarloas parts oi Tie country.
| 1t IS believed that ~ securities offer so erea,
| Inducements 10 lenders those issued by the
government It, .il other forms 0. indebtedness
tie taith or abili: Of private parties, or stock
companies. or separ-t. communities, only, is
| pledged for payment, while the whole property of
the eountry is held to sscurc the discharge of oil
the obligations of the United States
/ While the Government offers tn. most Ebera,
terms Tor its loans. i. believes that the very
strongest appeal will be to the loyalty and patri-
otism of the people
Up to the Z4th Of September, the subscriptions
| to tnis loan amounted to over