Evening star., 1864-05-09
II. q. 1910 BONDS.

These Bonds are Issued under the Act of Congress
of March sth. 1854, which provides that Ill Bonds
issued under this Act shall be EXEMPT FROM
TAXATION by OF under any State or municipal
authority. Subscriptions to these Bonds are re-
ceived in United States notes notes OF National
Banks. They are TO BE REDEEhED IN COIN.
at the pleasure of the Government, at any period
no, less than ten nor more than forty from their
date, and until their redemption FIVE PER
CENT. INTEREST WILL BE PAID IN COIN.
on Bonds of not over enc hundred dollars annually
and on all other Bonds semi annually. The in
terest is payable on the first days of March and
September in each year.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the Books Of the United
States Treasurer. and can be transferred only on
the owners order. Coupon Bonds are payable to
bearer, and are more convenient for Commercial
uses. "."s"
Subscribers to this loan will have the option of
having their Bonds draw interest from March lst,
by paying the accrued interest in coin7or in Uni
ted States notes, or the notes of National Banks,
adding fifty per cent. for premiumJ or receive
them drawing interest from the date of subscrip
ton and deposit. AS these Bonds are
EXEMPT FROM MUNICIPAL OR STATE
20. --~ TAXATION, -
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 per
manent or temporary investment.
g.
inducements to lenders as the various descrip-
tions of g. 8. Bonds. In all other forms Of in
debtedness, the faith ability of private parties
or 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 b 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 moment, and the
holder y i'll have the benefit of the interest
It 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 1854. was S76s 9j5 600 The interest on this
debt for the coming fiscal year will be Si5.9S l25
while the customs revenue in gold for the current
fiscal year, ending June 3oth 1854, has been so far
| at the rate of over 100000 900 per annum.
| 1t will be seen that even the present gold reYe
| nues 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 Gus
| toms on the same amount of importations, to
| $4,000 COO per annum.
Instructions to the National Banks acting as
| loan agents were not issued until March 26, but
| the amount of Bonds reported sold at the Z. s.
| Treasury up to May was
| S44,616,1OO.
| Subscriptions will be received by the
FIRST NATIONAL BANK OF WASHINGTON,
FIRST NATIONAL BANK OF BALTIMORE,
and by all National Banks which are depositaries
| of public money, and ell respectable banks and
| bankers throughout the country (actng as agents
| of the Natioral Depository Banks) will furnish
| further information on application, and afford
| every facility to subscribers. mye-lw