The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-08-05
U. S. 1910 BONDS.

THESE Bords are issued under the Act of Con.
gross OF March 9th, 1864, which provides that all
Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or under any state 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. INTER.
EST WILL BE PAID IN COIN, on Bonds of
not over one hundred dollars annually ar on all
other Bonds semi annually. The interest is pay.
able on the iirsi day Of March and September in
each year.
Subscribers will receive eithSf Registered or
Coupon Bouds, as thoy may prefer. Registered
Bonds are recorded on the books of the II. 6.
Treasury, and can be transferred only on the
owners ORDER Coupon Bonds are payable to
bearer, aud are more couveuient 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 Nationa
Banks, adding fifty per cent for premium J or re.
ceive them drawing interest from tho date of
subscription and deposit. AS these Bonds are
Exempt from Municipal or State Taxation,
their value is increased from one 10 three per
cent. per annum. according to the rate OF levies
in various parts OF the country.
Atihe presentrate of premium on gold they pay
Over Eight Per Cent Interest
in currency, and are of.equal convenience as u
permanent or temporary investment.
II Is believed that NO securities offer 20 great
Inducements to lenders us the various descrip.
tions o! U. S. Bonds In all other iorpfs of in.
debtedness, the faith. or ability of private pa
tiee or stock companies or separate communi.
ties only is pledged for pay men,, while for the in
debtedness of the United States the whole prop
erty OF the country is holden 10 secure the pay.
ment 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 are thus made equally available to
the smallest lender and the largest capitalist
They can be converted into money at any mo.
mont, and the holder will have the benefit of the
interest.
1t may be useful to state in this connection,
that the total Funded Debt o. the United States,
on which interest is payable in gold, on the Sd
day of March, 1864, was S76s ,965 900. The inter.
est on this debt for the coming fiscal year will be
s45 ,937l26, while the customs revenue in gold
for the current fiscal year, ending June 5oth,
1864, has been, so far at the rate OF over $780,.
100000 per annum.
twill be seen that even the present gold rev.
onues OF the Government are largely in excess
ofthe wants of the Treasury for the pa yment of
gold interest, while the recent incrense of the
tariff will doubtless raise the annual receipts
from customs on the same amount Of importa.
tons, to $3.50, 100000 per annum.
Instructions to the National Banks acting as
lonn agents were not issued from the U. States
Treasury until March 26, but in the first thre
weeksof April the subscriptions averaged more
than TEN MILLIONS A WEEK.
Subscriptions will be received by all