The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1864-06-17

], 8. l0-4Q BONDS.

]. \. 1910 BONDS.
These Bonds are Issued under the Act OF Con.
vress Of March sth. 1864. which provides that all
Bond, Issued under this Act shall b EXEMPT
FROM TAXATION by or under any State or mo.
uicIpsl authority. Subscriptions 70 these Bonds
ara received in United States notes or notes OF Na.
.on.l Banks. They arc TO DE REDEEMED IN
COIN, 1t the pleasure Of the Government at any
period NOT iess than ten nor more tAan forty Ss"s
from their date. and until their redemption FIVE
PER CENT. INTEREST WILL DE PAID IN
COIN, on Bonds OF not over one hundred dollars
annually, and on all other Bonds semi.annuaiiy.
The interest 10 payable on the arst days Of March
and September In each year.
Subscribers will receive either Registered or
Coupon Bonds, a. they may prefer. Registered
Bonds arc recorded on the books Of the u 8. Treas
urer and can bs transferred only on the owners or.
der. Coupon Bonds are payable 70 bearer and
are more convenient for commercial uses
Subscribers to this loan will have the option Of
having their Bonds draw Interest from March ist'
by paying the accrued interest in eoin-tor In v.
States notes. or tho notes Of National Banks, add.
Ing any per cent. premium) or receive them draw.
Ing interest from the date Of subscription and de-
deposit. As these Bonds are
Exempt from Municipal or State TaIatlon'
tholr value is increased from one to three per cent
per annum, according to the rate Of tax lsvies In
various parts OF the country.
At the present rate Of premium on gold they pay
Over Eight Per Cent. Interest
in currency, and ore Of equal convenience Is per.
mausnt or temporary investment.
It Is believed that no securities osr so great In.
ducemsnts TO lenders Is tho various descriptions
OF U. 8. Bonds In oil other forms Of indebtedness
tho faith or ability OF private parties or stock com.
psnies or separate communities only Is pledged for
payment, while for tho debts OF tho United States
tho whole property OF the country is holden to 50.
cure tho payment OF both principal and interest In
coin.
These Bonds may b subscribed for In sums from
$50 up 10 any magnitude, on the same terms, and
arc thus made equally available to tho smallest
londer or tho largest capitalist. They can DO con.
verted into money at any moment, and the holder
will have tho benefit Of the interest
II may DO useful to state In this connection that
tho total Funded Debt Of tho United States on
which interest 10 payable In gold, on the ID day OF
March, 1864 was sos s65,OOO Tho interest on this
dobt for the coming fiscal year will DO si5,sa7,.
1876, while the customs revenue In gold Tor the cur
rent fiscal year. ending June 3oth 1884, has been so
fsr at the rate Of over sloo, oOo 900 per annuui.
It will DO seen that even the present gold reve.
nues Of the Government are largely In excess Of
the wants Of the Treasurer for the payment Of gold
interest, whilo tho recent increase Of tho tariff will
doubtless raise tho annual receipts Of customs on
the same amount Of impOrtations, to $l5oooo.ooc
per annum.
Instructions to the National Banks acting as loan
agents were not issued from tho United States
Treasury until March %, but In the arst three
weeks Of April the subscriptions averaged more
A.. MIN AIR toNs A wEEK
Subscriptions will be received blythe
First National Bank Of Bangor, Me.
First National Bank Of Bath, no,
First National Bank OF Brunswick, Me-,
First National Bank Of Portland. No,
AND BY ALL NATIONAL BANKS
which are depositarIes Of public money, and all
RESPECTABLE BANKS AND BANKERS
throughout tho country acting rs agents Of the
National Depositary Banks,, will furnish further
information on application, and
10 4gord every faculty. to subscribers. pm