Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1864-07-29
US 1910 BONDS.


HTHEE Bonds issued under tie act Of Congress Of
u arch sth 1864, which provides that an Bonds issued
nder this act shall be Exempt PROM TAXATION by
OF under any state or aneipal authority Subscriptions
to these Bonds receiy United States notes Of Ma
tional Banks They are TO BE REDEEMED II COIN,
at the pleasure Of the Government at any period ao iess
than zen nor more forg yeag from their date aud an
til their redemption Five Per Cent. Interest Will be
Paid in Coin, on Bonds Of not over hundred dol
lars annually. The interest payable the first days
March and September in each year.
Subscribers viii receive either Registered Coupon
Bonds as they may prefer Registered Bonds are re-
corded on the Books Of the e. s. Treasurer and can be
transferred only on the owners order Coupon Bonds
are payable 10 order, and convenient for COM
mereial uses.
Subscribers to this loan win have the option Of having
their Bonds draw interest from March t b. pay ng the
accrued interest eoinor IN Unied States notes. Of
the notos Of National Banks addng fy percent for pre-
mum or receive them drawing interest from the date Of
subscription and deposit. As these Bonds are
Exempt from Municipal State Taxation,
their value is increased from one to three per cent per an
num- according to the rate Of tax eyes 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 permanent
and temporary investment
Il believed that no securities offer great induce
merits to lenders as the various descriptions Of L $.
Bonds In all other forms Of Indebtedness, the faith and
ability Of private parties stock companies separate
communities only pledged for payment, while for tie
debts OF the Cned States the whole property Of the eoan
try Is hoden to Secure tbs payment Of both principle and
/ interest in coin.
These Bonds may be subscribed for in sums from SEQ
mp to any magnitude, the same terms, and thus
made equally available the smallest lender and the
largest capitalist They be converted into money
arg moment and the holder viii haze the benefit Of te
interest
1t may beseful IN ta connection tht the to-
tai Funded debt Of the United States on whih interest IS
rayable III goa dly 81 sIayh, 1884 %Tee,
975o00 The interest On th debt for the coming fiscal
year viii Be 9s1 I26. Be theeustoas reyenue in gold
for the current sal year ending June 39th 1894 has been
SO far at the rate ofoyer sl90,9o0 900 per snnum.
1t will he seen thar even the present gold revenues Of the
Government are largely in Of thc wants OF the
Treasury for ae payment gold interest, while the
eeat increase Of the tariff win doubt raise fhe annual
receipts from customs on the amount Of mpora-
/ tions. to sI50.oOo 0oa per anpuu.
Instructions e National Bank acting asoan agents
were issued from the United States Treasury until
March %, but ia the first thre weeks q april te SUB
scgptions averaged more than Yen Millions a Week.
j Subscriptions will be received by
All ~ atiOnal banks
which are Repositories ot Paltlfc money. and ali
! RESPECTABLE BANKS AND BANKERS
throughout the county acting agents Of the National
Depository Bank viii farnish uF;heF Information on
4FFoRD EVERY FACILITY TO SUBSCRIBERS.
/ May 10, 1S644n-