Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-07-06
US. 1910 BONDS.

| IneSe Bones are issued under the act OF Con
! gress of March sth. 1874 which provides that all
| bonds issued under this shall be ece1apt from
| tarynf0n by or under any State municipal au-
/ thority. Subscriptions to these bonds receiv-
| ed in United States notes or notes of National
| Banks. They are 40 BE REDEEMED N com, at the
pleasure of the Government, at any period not
less MaR tegl tia" forty gears from their
date, and until their redemption FIVE PER CENT.
WILL ne PAID IN co.'s, Bonds of not over one
hundred dollars annually and on all other Bonds
semi annually, The interest is payable on the
first Jays of March and September in each year.
Subscribers will receive eithe! Registered or
Coupon bonds they may prefer. Registered
Bonds are recorded on the books of the T. S
Treasurer aud be transferred only on the
owners order Coupon bonds are payable to
bearer, and are raore convenient for Commercial
uses.
Subscribers 10 this loan viii have the option of
having their Bonds draw interest from March lst
by paying the accrued interest in con--,or in u
nited States notes the notes of National Banks,
adding fifty per cent. for premium,l receive
them drawing interest from the date OF subscrip-
ton and deposit. As these Bonds
Exempt from Municipal or State Taxation,
their value is increased from one to three per
cent. per annum, according to the rate of tax
levies il various parts of the country.
AT the present rate of premium on gold they pay
OVER EIGHT PER CENT INTEREST
in currency, and of equal convenience Us
permanent or temporary investment.
II Is believed that securities offer so great
inducenent to lenders RS the various descriptions
of u. 5. Bonds. In ali other forms of indebted
ness, the faith or ability Of private parties or
stock companies seperate communities only is
pledged for payment, while for the debts of the
United 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 from |
$50 up to any magnitude, on the same terms, and |
are thus made equally available to the smallest |
lender and the largest capitalist. They can be |
converted into money at any moment, and the
holder will have the benefit of the interest
1t may be useful to state in this connection that
the total Funded Debt of the United States on
which interest is payable in gold, on the Sd day
of March 1864 was SOS 9f5 900. The interest on
this debt for the coming fiscal year will be s45,-
937 :l26, while the customs revenue in gold for
the current fiscal year, ending June Both, 1864,
has been far 1t the rate of over 500, ,000 600
per annum.
1t will be that even the present gold rev
enues of the Government are largely in excess of
the wants Of the Treasurer for the payment of
gold interest, while the recent increase OF the tar
if will doubtless raise the annual receipts from
customs on the saite amount of importations, to
81 so ,0e0, 900 per annum.
instructions to the National Banks acting as
oan agents were not issued from the United
States Treasury until March 29. but in the first
hree weeks of April the subscriptions averaged
more than TEN MILLIONS WEEK
Subscriptions will be received by the
First National Bank Of Philadelphia, Pa. |.
Second National Bank of Philadelphia, Pa.
Third National Bank of Philadelphia, Pa
AND BY ALL NATIONAL BANKS
which are depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents of the
National Depository Banks,l will furnish further 1
Information application and afford every fact
ty 10 su5,er,bers May II, lse4-?imos.