The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-06-16
US. 1910
These Bonds are issued under the Act OF
MR4D - ND~ .

Congress of March 9Th, l5bi, which PROVIDES
that all Bonds issued under this Act shall BE-
EXEMPT FROM TAXATION by or under
any State or municipal authority. Snbscrip-
tons to these Bonds are recei we'd in United :.
States notes or notes Of National Banks They
are TO BE REDEEMED IN COIN, 1T shs
pleasure Of the Government, ut any period
not less than ten nor more than larty yed rs 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 fonds semi
annually. The interest is yable on the first
lays 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 ofthc
y. S. Treasury, and con be transferred only
on the owners order. Cupon Bonds ale
payable to bearer, and are more conveniens
for commercial uses.
Subscribers to this loan win have tho or
ton Of having their Bonds draw interest
ON March lst. by paying the ACQUIRED 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.
As these Bonds are Exempt
from Muninc val or state Taxation
heir value is increased fron one to three
per cent, per annum, according to the rae Of
tax levies in various parts of the country
Athe present rate of premium on gold they :.
pay
Over Eight per cent Interest
in currency, and are Of equal convenience as
permanent or temporary investment.
II i. believed that no securities offer 20
great inducements to lenders as the various
descriptions Of u S. Ponds. In all other
forms of Indebtedness, the faith or ability ef
private parties or stock mpariss or scpa-
rate communities only is plesed for payment,
willie for the debts of the United States the
whole property Of the country is holden to
secure the payment Of both principal and in.
teres. in coin,
These Bonds may he subscribed for in sums
from Soup to any magnitude, on the samss ,
terms, and are thus made equally available
TO he smallest lender and the largest capital
lists. They can be converted into money al
any noment, ard the hJlder will have the
benefit Of he interest.
Ii may heaseful TO STATEN this connection
tha;;he total Funded Debt Of the United States
On which int crest is payable in. gold, on, the
81 day Of March, 1864, was S7bs 965,ooO.
The interest On this debt for the coming fs-
cal year viii be St5,937 l25, while the cu--.
toms revenue in gold for the current fseas
year. ending June 3ath, 1864, has been 50 far
At the rate Of over 100000, 900, per annnn,.
II will be seen that even the present go,,t
revenues Of the Government are largely in
excess Of the wants Of the Treasury for the,
payment Of gold interest," while the reaen, in
crease of the tariff will doubtless raise the
annual receipts fio.a customs on the sans
amount Of inportations, to $50 100000 per-
annum.s
Instructions to tile National Banks actings
as loan agents were not issued from the Unit.
ed States treasury until March 81, but in
the first three weeks of April the subscr:p-
tions averaged more than TEN MILLIONS
A WEEK.
Subscriptions will b .eceivel BY the
First Na,ioaa! Dank Of Davenport Iowa
First Natioaal Bank Of keokuk, Iowa
First National Bank Of Mt. Pleasant iowa