Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-02-13
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Tnnn AsseGrss Sscrl1rY.-Nearly III
active credits ars nov hassd q 0ovssumsat
securities, aad banks hsld then - the vssy
bsstand strongest investment they can make
FIT wsss possibls to contemplate the hnan-
Cd failure Of the Gevernment, no bank
wsuld - any safer. 'Ifneoey Is loaned eo
individual notes o. bond and mortgages. Il
win b payable in the same eufreocy = the
Government pays With, and No bstter. The
Government never has failed to meet it, en-
eaeemssts, and The national debt is frse
mortgage upon the whole property Of the
country. While other stocks 6uetuate IRON
ten to fifty, ~ even grsater per cent, Gov
erument stocks are always comparatively
6rm. Their value il fixed and reliable, BE-
yood III ethsr sssnrifissy fbs whi1sa thoos-
and speculative bubbles rise and qurst, as .
rule they arc never below par, and are Of.
ten above.
Irs LiDsnAt lSrsnBsr.-The general rate
ofinterest is six per cent, payable annually.
This is seven and three-tentbs. payable
senai-annually. If you lend on mortgage,
there must be searching Of titles, lawyers
fees, stamp duties and delays, and you will
finally have returned to your only the same
kind Of money you would receive from the
Government, and less Of 1t. II you invest
in this loan, you have no trouble. Any bank
or banker will obtain it for you without
charge. To each note or bond are affixed
five coupons" or interest ticksts, due at the
expiration ofeach successive half year. The
holder Of . note has simply to cut of one Of
these coupons, presentit to the nearest bank
or Government Agency, and receive his in
terest; the note itself need not be presented
at al. Or . coupon thus payable will every
where be equivalent, when due, to money.
II you wish to borrow ninety cents on the
dollar upon the notes, you have the highest
security in the market to do it with. If you
wish to sell, it will bring within fraction
Of cost and int, rest at any moment. 1t will
be very handy to have in the house.
IT IS CONVERTIBLE into six per cent. gold
bearing bond. At the expiration of three
years holder Of the notes Of the 7:30 Loan
has the option Of accepting payment in full
or of funding his notes in six per cent.
gold-interest bond, the principal payable in
not less than five, nor more than twenty
years from its date, as the Government may
elect. These bonds are held at such prem
ium ~ to make this privilege now worth two
or three per cent. per annum, and adds SO
much to the interest. Notes Of the same
class. issued threo years ago, are now sell
ing at rate that fully proves the correct
ness of this statement
lTs EXEMPTION FROM STATE OR MUNICIPAL
TAXATION aside from all the advan-
tages we have enumerated, special Act Of
Congress erempts all bonds and Treasury
notes from local execution. On the average
this exemption is worth about two per cent.
per annum, according to the rate Of taxation
in various parts of the country.
IT IS A NATIONAL SAVING BANK.-While
this loan presents great advantage to large
capitalists, it offers special inducements to
those who wish to make safe and profita-
BILE investment Of small savings. 1t is in
every way the best Savings Bank for ev
cry institution of this kind must somehow
invest its deposits profitably in order to pay
interest and expenses. They will invest
largely in this loan, as the best Investment.
But from the gross interest which they re-
ceive, they must deduct largely for the ex-
penses Of the Bank. Their usual rate Of in
terest allowed to depositors is Ave per cent.
upon sums over $500. The person who in
vests directly with Government will receive
almost so per cent. more. Thus the man
who deposits 81 900 in a private Savings
Bank receives SO dollars year interest; il
he deposits the same sum in this National
Savings Bank he receives IS dollars. For
those who wish to find safe, convenient,
and profitable means Of investing the sur
plus earnings which they have reserved for
their old age or for the benefit Of their chill
dren, there is nothing which presents 50
many advantages as this National Loan.
The HIGHEsr MorrvE.-The war Is evil
IDENTIFY drawing to close, but while it lasts
The Treasury must have money to meet its
cost, and every motive that patriotism can
inspire should induce the peoplesto supply
| its wants without delay. The Government
can buy cheaper for cash in hand than on
credit. Let rs see thatits wants are prompt.
" and literally satisfied. See advertise.
ment in another column. and apply fo1
Bonds at the First National Bank.
CHANCE ron A Coon IHvssrnRxr.-Ou,
people have gone into the skating business
this year by the thousand. This mani,
must be catered to. Not once in ten yearl
is the river in condition to be skated upor
q it has been this season. In order Il
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