Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-06-17
U. s. I0-4O BONDS.

These Bonds are issued under the Act Of Con
qress of March Sth, 1864, which provides that in
lien Of 50 much Of the loan authorized by tho
Act of March Sd, 1868. to which this is supple
mentary, the Secretary Of the Treasury is au-
thorized to borrow from time to time, on the
credit ofthe United States, not exceeding TWO
HUNDRED MILLION DOLLARS during the
current fiscal year, aud to prepare and issue
therefor Coupon and Registered Bonds of the
United States; and 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 no,
less than zen or more than foyty gears from theh
date, and until their redemption FIVE PER
CENT. INTEREST WILL BE PAIDIN COIN,
on Bonds Of not over one hundred dollars annu-
ally, and on all other Bonds semi-mnually
The interest is payable on the first days OF
March and September in each year. The semi
annual Coupons are payable at those dates, and
tbe annual Coupons on tAc 50 and 100 dollar
Bonds are payable on the first of March.
Subscribers will receive either Registered OF
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the Books of the U. S.
Treasurer, and can be transferred only On the
owners order. Coupon Bonds are payable to
bearer, and are more convenient for commercial
uses
Subscribers to this loan win have the option
of having ther Bonds draw interest from March
ls,, by paying the accrued interest in coin-or
in United States notes, or the notes Of National
Banks, adding Hlty per cent, for prcmian,) Or
receive them drawing interes. from the date Of
subscription and deposit.
As these Bonds are exemptfrom municipal or
State taxation, their value is increased from one
to three per cent. per aunum, according to the
rate OF tax Icyies in various parts of the coun-
try,
At The present rate Of premium On gold they
pay ever eight per cent interest in currency, and
are OF equal convenience as a permanent or tent
p9-ary Investment
It is believed no securities offer so great in
dacements 10 dealers as the various descriptions
of U. S. Bonds. In all other forms Of indebted.
ness, the faith or ability Of private parties OIL
stock companies or separate 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 interest in coin.
These Bonds may be subscribed Tor in sum,
FROM $50 up to any magnitude, on the same
terms, and are thus made equally available to
The smalics. lender and the largest capitalist
They can be converted into money at any mo-
ment, and the holder will have the bcncfi, of the
interest.
Upon the receipt Of subscriptions certificate
Of deposit thcrcror in duplicate, will be issued,
the original of which will be forwarded by the
subscriber to the Secretary of the Treasury, at
Washington with letter stating the kind
Registered or couron) and the denominations
Of bonds required.
Upon the receipt Of the original certificates at
the Treasury Department, the bonds subscribed
for will be transmitted to the subscribers respec-
lively.
Subscriptions viii be received 10y the 1jeasurs
er Of tie C9jtcd States at Washington, and the
assistant Treasures at New York, Boston, and
Philadelphia, and by the
First National Bank of Bennington Vt.
First National Bank of North bennington vi.
First National Bank of Albany n. Y.
and by all National Bank which are depositaries
Of public money. All respectable banks and
bankers throughout the country will furnish
further information on application, and afford
every facility to subscribers.