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

me Secretary Of the Treasury gives notice that
subscriptions will be reserved for Coupon Treas
ury Notes. payable three years from August 18th
1884, with semi annual intercs. at the rate Of sew
en- and three ien,hs per cent. per annum,-prin-
cipsI ana interest both 70 be paid in lawful money.
the holder at maturity, into six per cent. gold
bearing bonds, pay sble 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 &lco, $500, 81 900 and s5,-
900, and all subscriptions must be for fifty dollars
or some multiple of fifty dollars.
These notes will be transmitted to the owners
free Of transportation charges after the
receipt of the original Certificates of Dep ,sits
they can be prepared
As the notes draw interest from August Is per-
sons making deposits subsequently, that date
must pay the interest accrued from date Of note
to date Of deposit.
Parties depositing twenty five thousand dollars
and upwards for these notes at any one time will
be allowed a commission of one-quar,cr Of one
per cent, which will be paid By the Treasury De-
pnrtment upon the receipt Of bill fer the amount
certified to BY the officer with whom the deposit
was made. No deductions for commissions must
be made from the deposits
Special Advantages Of this l.oan,
IrIsA E.rIovA,. SAVINGS BANK offering high
rate Of interest than any other, and the bert Sc
itors in T. S. Notes, considers tina. i, is paving
in the best circulating medium of TIE country
and it cannot pay iii 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
rnanent investment The notes can always be
sold for within fraction of their face and accu-
muiated interest, and are the best security with
banks collaterals for discounts.
Convertible into 4 6 per cent. ~ 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 SEQ Bonds is not less
than ntne per- cont premium, and before the war
the premium OH six per cent. U. s. stocks
over twenty per cent. 1t will be seeh that the
actual profit Oh this loan at til present market
rate, is not less than ten per cent. per annum.
Its Exemption from State Or Municipal
Taxation.
But aside from all thu. advantases we have emu
| mcrated, special Act Of Congress srempts all
bonds and Treasury notes fronl 'cca2 tGtasioa. On
the average, this exemption is worth about two
per cent. per nnnam, accordn. o the iatc 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 u 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 10 secure the discharge of all
the obligations of the United States.
While the Government offers the most liberal
terms for its loans, it believes that the very
strongest appeal will be to the loyalty end patri-
otism Of the people.
SUBSCRIPTIONS WILL DE RECEIVED by the Treas
urcr of the United States, at Washington, the
several Assistant Treasurers and designated De-
positaries, and by the
First National Bank.
of Davenport, Iowa,
and by all National Banks which are depositarics
of public money, and
ALL RERPECTABLE BANKS AND BANKERS
throughout the country will give further infor-
nation and
AFFORD EVERY FACILITY TO
SUBSCRIBERS.
aug26-d&w2m
~