The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-08-10
U. s.. 1910 Bonds

These Bonds are issued under the Act of
Congress of March sth, 1854, which provides
that all Bonds issued under this Act shall be
EXEMPT FROM TAXATION by or under any
sta q or municipal authority. Subscriptions
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 redemption FIVE |
PER CENT. INTEREST WILL BE PAID IN
COIN, on bonds of not over one hundred dol
lars 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 +
Coupon Bonds, as they may prefer. Register
ed Bonds are recorded on the books of the
US. Treasurer. and can be transferred only
on the owners order. Coupon Bonds are
pay able to bearer, end are more convenient
for commercial uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from
March 1st by paying the accrued interest in
COIN (or in United States notes, the notes
of National Banks, adding fifty per cent. for
premium.) or receive them drawing interest
from the date of subscription and deposit.
AS these Bonds are
EXEMPT FROM MUNICIPAL OR
| STATE AXATTON
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 INTER
EST.
in currency, and are of equal convenience as
a permanent or temporary investment.
, 1t is believed that no securities offer so
= great inducements to lenders as the various
q descriptions of u. S. Bonds. In all other
forms of indebtedness, the faith ability of
private parties or stock companies or separate
commuuit es 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
2 interest in coin.
These Bonds may be subscribed for in sums
2 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 mo-
o,d IL. Ala bara H. b.pa6t oi
o the inte- est.
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 $76S, $685.,
loco. The interest on this debt for the com
ing fiscal year will be $4s 1897, ,l26, while the
!, customs revenue in gold for the current isea
year, ending June 3Oth, 1854, has been fal
at the rate of over S1O0,00O,eoe per annum
1t will be seen that even the present gol6
revenues OF the Government largely in exoes;
of the wants 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
limportations, to $50, 100000 per annum.
Instructions to the National Banks actin,
as loan agents were not issued from the Uni
s ted States Treasury until March 26, but il
o the first three weeks of April the subscription
s averaged more TRAN TEN MILLIONS A WEEK
, Subscriptions will be received by the
First National Bank of Cincinnati O.
Third National Bank, of Cincinnati, 0.
Fourth National Bank of Cincinnati, O
First National Bank of Cleveland, o.
Second National Bank of Cleveland, {
And by All National Banks
which are depositaries of Public money, ant
Iailya.5 ..5f 4e,,..7 b ..s. -Ttr.r---
RESPECTABLE BANKS AND
BANK ERS
! throughout the country, (aeting as.agents
he National Depositary Banks,) will furnish
further information application and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
3. May II, 1S64.-3m,
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