The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-06-30
Us. 1910
-0ND~S


These Bonds are issued under the Act OF
Congress Of March 9Th, 1861 which provides
that all Bonds ISSUED under this Act shall be
EXEMPT FROM TAXATION by or under
any State or municipal authority. Subscrip-
tons to these Bonds are recei we'd in United
States notes or notes Of National Banks They
are TO BE REDEEMED IN COIN, OF the
pleasure cfthe Government, at any period
not kss than ten nor more than 6-ty gears from
| their date, and until their redemption FIVE
PER CENT, INTEREST WILL BE PAID IN
COIN, on Bonds Of not over one hundred dol
| lars annually and on all other Ponds semi
annually. The interest is payable on the 1rst
days Of March and September in each Jear
Subscribers will receive either Registered
or Cupon Bonds, Is they may prefer. Regis
tered Bonds are recorded on the books Vt the
U. 8. Treasury, and can be transferred only
on the owners order. Cupon Bonds are
payable to bearer, and are more convenient
for commercial uses.
Subscribers to this loan will have the op-
ton of having their Bonds draw interest
fom March LIST. by paying the accured inter
est in coin-(or in United States notes, or Of
National Banks, adding fifty per cent, for
premium or receive them drawing interest
from the date Of subscription and deposit
AZ these Bonds are Exempt
from Muninc val or state Taxation,
Al ~:. =. - ~
per cent, per annum, according to the rate Of
tax levies in various parts Of the country.
At the present rate Of pre- MUM on gold they
pay
over Eight per cent Interest
in currency, and are Of equal convenience as
. permanent or temporary investment.
It is believed that no securities offer 80
great inducements to lenders rs the various
forms Of Indebtedness, the faith or ability Il
private parties or stock mparies sepa-
rate communities only is pleged 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 in.
| terest in coin,
These Bonds may be subscribed for in sums
from $50 up to any magnitude, on the same
! terms and are thus made equally available
TO the smallest lender and the largest capital
lists. They can be converted into money at
any moment, and the holder will have the
bene tit of the interest.
1t may be useful to state in this connection
tina. the total Funded Debt Of the United States
on which interest is payable in gold, on the
81 day Of March, 1864, was S76s ?e5, 900
The in.eres, on this DEB; for the coming rs
cal year wiz be Sl5937,l2s. while the GUS
toms revenue in goll for tho current fsca!
year. ending June sath 1864 has been 50 far
at the rate of over 800, 100000, per annum.
| 1t will be seen that even the present gold
revenues Of the Government are largely in
excess ct the wants Of the Treasury for the
! payment of gold interest, while the recon. in
1 crease Of the tariff will doubtless raise the
annual receipts from customs the same
amour, of impor,ations toSl5o0c0,Oo0 per
! anrum
Instructions to the National Banks acting
as loan agents were not issued from the I nit
ed States Treasury until March %, but in
! the first three weeks Of April the suhscrp-
tons averaged more than TEN MILLIONS
A WEEK
Subscriptions will be received by the
First National Bank Of Davenport Iowa
FIRST National Bank Of Keokuk, Iowa.
First National Bank Of Mt. Pleasant, Iowa
And BIT ALL NATIONAL BANKS
which ore depositsries ofPuhlic money, and
all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting az agents
Of the National Depository Banks, viii
furnish further information on application
and
AFFORD EVERY FACILITY 70 SUBSCRIBERS.
in v6n1 ON;