Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-10-15
LOAN

The Secretary Of the Treasury gives notice that
subscriptions will be reserved for Coupon Treas
ury Notes, payable three years from August 18th
lsGi, with semi annual interest at the rate of sew
en- aud three ten,ls per cent. per unnum,--prn
cipal ana interest both to be paid in lawful money
These notes will be convertible at the option of
the holder at maturity, into six per cent gold
bearing bonds pay ,ble not less than five nor
more than twenty years from their date, as the ,
Government ma, elect. They wifi be issued in
denominations OF $50, sloo, $500, 81 600 and s5
o"" and oil subscriptions must be for fifty dollars
or some multiple Of iift, dollars.
These notes will be transmitted to the ov
free OF transportation charges as soon after the
receipt of the original Certificates Of = ,o.;..
they can be prepared.
AS the notes draw interest from August o. per.
sons making deposits subscqus Mt 70 that date
must pay the interest accrued ICON, d.,. NJ NOT
TO date of deposit,
Parties depositag twenty five tbousand dollars
ana upwards for these not es at any one time will
y. s"o"ed commissiort Of cne-quarter Of one
per cent.
special Adv: Ants ages Of this Loan,
1T ~ NATION Al SAY lHcs BANK. Offering high
Ct rate OF interest tina any ether and the best Sc
curry. ANY savings bank which pays its depcs-
'''fs III !. 5. Notes. considers tina, i, is paving
/" the es: circulating medium of TIE country.
''e II ca-aef pay in anything better, for its own
asst Is are either in government securities or in
d ''tes and bonds payable in government paper.
1t IS equally convenient as temporary or per.
Inanent Investment The notes can alwavs no
soid tor within fraction Of their face and accu-
'nuiated interest. and are the best security with
banks as collaterais for discounts
convertible into a = per cent. 20 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 MOI, .,,,,,,,
Tor the current rate for $50 Bonds is not less
than "aae PER cent. Prsnusa, and before the var
TIC premium on six per cent. L. s stocks. s.s
over twenty per cent. twill be seen tina ,,s
actual profit on this loan, at til present mario,
rate. IS not less ths ten per cent per an:.um.
lis Exemption from Slate Or Nuuic' nal
Taxalien.
hut aside troms II the advantages we ha sc emu
meratsd, aspeca Act of Congress ere. onfs al
oo"a' and 1rtasa y notes from Iocai tacs ton on
'he average, this exemption is worth bout two
per cent. per an num according to the rate &C tax
atoh IN various parts OF the country.
II Is ID that no securities Of up On cr..,
inducements TO lenders Us those isy ,ed Inv the
government In all other forms Of ,deh,ed,ess
the faih or ability Of private pat les. or stock
compsn'c 8, or separate commur ii, les. only. is
Pledged payment, while the " ole property Of
'ne co" airy is held to sscurc the discharge of all
'he Oh legations Of the Cnittd ts tee.
allie the &c sernmen. offers the most liberal
'e1' ns Tor lfs loans, it beles es that the very
ongest sppcal will be to tho 10, atty and pstri-
o'' SIN Of the people.
~ to the cath Of sePis' nber tn subscriptions
sv-.~. -