The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1864-07-01
U. S. 1O-4O BONDS.

These Bonds are issued under the Act of
Congress of March Sth 1864, which provides
that all Bonds issued under this Act shall be
EXEMPT FROM TAXATION by or under
hhy state or municipal authority. Subscrip-
tions to these Bonds are received 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
NOT LESS THAN TEN NOR MORE THAN FORTY
YEARS from their date, and until their re
demption FIVE PER CENT. INTEREST
WILL BE PAID IN COIN, on Bonds of not
over one hun lred dollars annually and on all
other Bonds semiannually. The interest is
payable on the first days of March and Sep
temher in each year.
Subscribers will receive either Registered
or Coupon Bonds, as they may prefer. Regis
U. S. Treasurer, and can be transferred only
on the owners order Coupon Bonds are
payable to bearer, and are more convenien
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
coin-(or in United States notes, or the notes
of Notional Banks, adding fifty per per cent,
for premium or receive them drawing in
terest from the date Of subscription and de-
posit, As these Bonds are
Exempt from Municipal or State Tax
ati0n,
their value is increased from one to three per
cent. per annum, according to the rate of TAX
levies 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
permanent or temporary investment.
1t is believed that no securities offer 50
great inducements to lenders as the various
descriptions of U. s. Bonds. In all other
forms Of indebtness, the faith CT ability cl
,:.,Io -, as or eI Iock no,Sno mics or sppnrate
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 principal and in
terest in coin.
These Bonds may be subscribed for in sums
from $50 up to any magnitude, on the sam e
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
tates on which interest is payable in gold, |
on the Sd of March, 1864, was $7GS, $780, 900. |
The interest on this debt for the coming fiscal
year will be SI5, 5,o37, ,126, while the Gus oms
revenue in gold for the current fiscal year,
ending June 30th, 1864, has been so far al the
rate of over 800, 100000 per annum,
1t will be seen that even the present gold
revenues of the Government are largely in
excess of the wants of the Treasury for the
payment of gold interest, while the recent
increase of the tariff will doubtless raise the
annual receipts from customs on the same
amount of importations, to S150,000,000 per
annum.
Instructions to the National Banks acting
rs loan agents were not issued from the Uni
ted States Treasury until March 26, but in
tions averaged more than TEN MILLIONS A
WEEK.
Subscriptions will be received by the
First National Bank of Sandusky, o.
Second National Bank of Sandusky, 0.
First National Bank of Upper sandusky, O..
AND by ALL NATIONAL BANKS
which are depositaries Of Public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country (acting as agents o
the National Depositary Banks,) will furnish
further Information on application and af-
ford every facility to subscribers.
May II, 1861. n9o-2m.