The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1864-07-07
i. S. 1910 Bonds.

u. =. Ve4U B0nQS.
These Bonds are issued tinder the Act ofI
Congress of March 9Th 1854, which provid-
that all Bonds issued under this Act shall
be EXEMPT FROM TAXATION BY or
under any state or municipal authority.-E
Subscriptions TO these Bounds are received in
United States notes or notes OF. N ational
Banks. They are TO BE REDEEMED IN
COIN, at the pleasure of the Government
at any period not less then ten nor more
than forty years from their date, and until
their redemption FIVE PER CENT. IN
TEREST WILL BE PAID IN COIN, on
Bonds of not ever one hundred dollars an
nuallv and all otEer Bonds semi-annually.-
The interest is payable on the first days of
March and September in each year.
Subscribers will receive either Registered
or Coupon Bonds, as they may prefer. Reg
istered Bonds are recorded on the books Of
the U. S. Treasurer, and can be transferred
only on The owners oders. Coupon Bonds
are payable to bearer, and ale more conve-
nient for commercial uses.
Subscribers to this loan will have the op-
ton of having their Bonds draw interest
from March 1st, by paying the accrued in
terest in coin-(or in United States notes
or the notes of National Banks, adding fifty
per cent. for premium,) or receive them
drawing interest from the date of supscrip-
ton and deposit. As these Bonds are
Exempt from Municipal or State
Taxation,
their value is increased from one to three
per cent. per annum, according to the rate
of tax levied in various parts of the country
At the present rate of premium on gold
they pay
Over Eight Per Cent Interest
in currency, and are Of equal convenience as
a permanent or temporary investment.
1t is believed that no securities offer so
great inducements 10 lenders as the various
descriptions of U. S Bonds. In all other
forms of Indebtedness. the faith or ability of
private parties or stock companies or sepa-
rate communities only is pledged for pay
ment, while for the debts of the Uuited
States the whole property Of the country is
holden to secure the payment of both princi-
pal and interest in coin.
These Bonds may be subscribed for in
sums form $50 up to any magnitude, on the
same terms and are thus made equally avail
able to the smallest lender and the largest
ca apitalis,. They can be converted into mo-
ney at any moment, and the holder will have
the benefit of the interest.
1t may be useful to state in this connec-
ton that the total Funded Debt Of the Uni
ted States on which interest is payable ii
god, on the Sd day of March, 1864, wa:
$76S, ,965,000. The interest on this debt fol
the coming fiscal year will be $45, ,937, ,126
while the customes revenue in gold for tht
current fiscal year, ending June goth, 1864
| has been so far at the rate Of over 500,
100000 per annum.
1t will he seen that even the present golC
revenues of the Government are largely ir
excess of the Treasury for the payment Of
gold interest, while the recent increase o
the tariff will doubtless raise the annual re
ceipts from customs on the same amount o
importations, to Sl5O.OOO,0O0 per annum.
Instructions to the National Banks acting
as loan agents were not issued from the Uni
ted States Treasury until March 90, but in
The first three weeks of April the subscrip-
tons averaged more than TEN MILLIONS
A WEEK.
Subscriptions will be received by the
i First National Bank of Philadelphia, Pa
\ Second National Bank of Philadelphia, Pa
Third National Bank of Philadelphia, Pa
ANDBY ALL NATIONAL BANKS
which are depostaries of Public money, an
} all
; ! RESPECTABLE r BANKS AND BANKERS
throughout the country, (acting as agents o
} the National Depository Banks,) will furnls
} further information on application and
; Afford eUery Facility TO Subscribers.
May 5th, 1864. -3m.
!, DELAWARE HOUSE.