Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-06-29
US. lO-4O BONDS.

These Bones are issued under the act of Con
gress of March 8th 1864, which provides that al
| bonds issued under this act shall be erenlyt from
| taratiOU by under any State or municipal au
| thority. Subscriptions to these bonds are recev.
! ed in United States notes or notes of National
! Banks They are TO BE REDEEMED IN COIN at the
! pleasure of the Government. at any Period mt
less than' t7 hbon forty gears from their
! date and until their redemption FIVE PER CENT
! WILL BE PAID IN COIN. on Bonds of not over one
| hundred dollars annually and on all other 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. Registered
Bonds are recorded the books of the L. 5.
Treasurer, and be transferred only the
owners order. Coupon bonds are payable to
bearer. and are more convenient for Commercial
uses
Subscribers to this loan will have the option of
having their Bonds draw interest from March lst,
by paying the accrued interest in coiL-,or in L
niJed states notes, or the of National Banks
adding fifty per cent for premun} receive
tbem drawing interest from the date of subscrip-
.ioh and deposit. As these Bonds
Exempt from Municipal or State Taxation,
their value is increased from one TO three per
cent per annuul, according to the rate of tax
Ievies III various parts of tbs country.
At the present rate of premium on gold they pay
OVER EIGHT PER CEET INTEREST
in currency, and are of equal convenience
permanent or temporary investment.
1t is believed that securities offer so great
inducement TO lenders as the various descriptions
Of U. :. Bonds In all other forms of indebted
ness, the faith ability of private parties
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 princ-
pal and interest in coin.
These bonds may be subscribed for in sums from
$50 up to any magnitude, on the terms, and
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 in this connection that
the total Funded Debt of the United States
which interest is payable in gold, the Sd day
of March. 1864, S76S,96 600, The interest on
this debt for the coming fiscal year will be o45,-
937 .l26, while the customs revenue in gold for
the current fiscal year, ending June 30th, 1861
has been far at the rate of over Sl0o000,O00
per
1t will be seen 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 increase OF the tar
if will doubtless raise the annual receipts from
customs on the same amount of importations, to
SI5O, 100000 per annum.
instructions to the National Banks acting as
loan agents were not issued from the United
States Treasury until March 20, but in the first
three weeks of April the subscriptions averaged
more than TEN MILLIONS a 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,) will furnish further
information on application and afford every taetf-
itv 10 subscYIbsrs. May III, lS64-23mos-