The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1864-05-20
]. 3. lQ-40 BONDS.

Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or under any State or mu-
nicipal authority. Subscriptions to these Bonds
are received In United States notes notes Of Ma
tlonal Banks. They arc TO BE REDEEMED IN
COIN, at tho pleasure OF the Government at any
period NOT less tAan fsn more fAaa forty years
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. ANNUALLY.
Tho interest Is payable on the arst days OF March
and September In each year.
Subscribers will receive either Registered or
Coupon bonds, rs they may prefer. Registered
bonds arc recorded on the books Of the u s. Treas
urcr, and can be transferred only on the owners or
der. 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 LIST,
by paying the accrued interest in cOin-tor in U.
States notes. or the notes OF National Banks, add
ing aty per cent. premium) or receive them draw.
in interest from the dato OF subscription and de-
deposit. Az these Bonds arc
Exempt from Municipal or State Taxation,
their value Is increased from one to three per cent
per annum, according to the rate Of tax lcvies In
various parts OF tho country.
At the present rate OF premium on gold they pay
Over Eight Per Cont. Interest
In currency, and are Of equal convenience rs per.
manent or temporary Investment
It's believed that no securities offer so great in.
ducements TO lenders rs the various descriptions
OF U. s. Bonds In all other forms OF Indebtedness
the sth or ability Of private parties or stock CON-
panles or separate communities only Is pledged for
payment, while for tho debts Of tho United States
the whole property OF the country Is holden to Sc
cure the payment Of both principal and interest in
coin.
These Bonds may be subscribed for in sums from
$50 up to any magnitude, on the same terms, and
arc thus made equally available to the smallest
lender or tho largest capitalist. They can be con-
verted into money at any moment, and the holder
will have the benefit of the interest
!, may be useful to state in this connection that
tho total Funded Debt Of tho United States on
which interest Is payable In gold, on tho I'd day Of
March, issi was s76s 965Ooo. Tho interest on this
debt for tho coming fiscal year will bc si5,937,-
i2e, while tho customs revenue In gold for the cur
rent fiscal year. ending June ooth, 1864, has been
FAR at the rate Of over 500, $4,000 per annum.
twill bc seen that oven the present gold reve-
nues OF tho Government arc largely In excess OF
the wants Of tho Treasurer for the payment Of gold
interest, whilo the recent increase OF the tariff will
doubtless raise tho annual receipts OF customs on
tho same amount Of importatiOns, to $iSo,oooooo
per annum.
agents were not issued from the United States
Treasury until March &c, but In the arst three
weeks Of April tho subscriptions averaged more
than TEN MILLIONS A WEEK.
Subscriptions will bo received by tho
First National Bank Of Bangor, Me-,
First National Bank Of Bath, No,
First National Bank OF brunswick, Ne,
First National Bank OF Portland. No.,
AND BY ALL NATIONAL BANKS
which are depositarcs OF public money, and all
RESPECTABLE BANKS AND BANKERS
throughout tho country taeting as agents OF the
National Depositary Banks', will furnish further
information on application, and
10 Agard sp,ry faculty to Subscribers. 2m