The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-07-07
T US. 1910
Do ~D~.


These Bonds are issued under the Act Of
Congress Of March 9Th, 1864, which provides
that all Bonds issued under this Act shall be
EXEMPT FROM TAXATION by or under
any State or Municipal authority. subscrip.
tions to these Bonds are received in United
States notes or Aotes Of National Banks They
are TO BE REDEEMED IN coin, at the
pleasure Of the Government At any period
notless than ten nor more than forty years 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 Eonds semi
annually. The interest is payable on the first
days Of March and September in each year
Subscribers will receive either Registered
or Cupon Bonds, as they may prefer. Regis
tered Bonds are recorded on the books Of the
U.S.. 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 win have the op-
ton Of having their Bonds draw interest
frcm March lst.. by paying the ACQUIRED inter
est in con-(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.
As these Bonds are Exempt
from Muninc.yal or state Taxation,
Their value is increased from one to three
per cent, per annum, according to the rate Of
tax levies in various parts of the country.
At the present rate Of premium on gold they
pay
Over Eigh! per ceBt Interest
in currency, and are of equal convenience as
a permanent or temporary investment.
1t is believed that no securities offer so
great inducements to lenders as the various
descriptions of U. s. Ponds. In all other
forms Of in lebtedness, the faith or ability ct
private parties or stock mpa'ies or sepa-
rate communities only is pleged for payment
viii lefor 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 he 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
benefit ofthe interest.
1t may be useful to STATEN this connection
that the total Funded Debt Of the United States
on which interest is payable in gold, on the
81 day Of March, 1851 was S76S 9s5,,a0.
The interest on this debt for the coming is-
cal year win be SIS, a37, l26, while the Gus
toms revenue in gold for the current fiscal
year, ending June Both, 1864, has been 50 far
at the rate Of over Slo0,ooo,ooo, per annum
1t will be seen that even the present gold
revenues of the Government ore largely in
excess Of the wants Of the Treasury for the
payment Of gold interest, v lille the recent in
crease of the tariff will doubtless r.ise the
annual receipts from customs on the same
amount of importations, to sl5o, 100000 per
annum.
Instructions to the National Banks acting
as loan agents we're not issued from the Unit
ed States Treasury until March 20, but in
the first three weeks Of April the subscrip-
tons averaged more than TEN MILLIONS
AwEEK.
Subscriptions will b. deceived 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 are depositaries ofPutlic money, and
all
! RESPECTABLE RANKS AND BANKERS
throughout the country, (ac,ing a. agents
Of the National Depository Banks,) will
furnish further information on application
and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
in v6n1 9mS