The Union. [volume] (Georgetown, Del.) 1863-1866, 1864-05-20
\. s. il-lA R0hlS.

These bonds are issued under the Act of Congro
Of March 9th, 1864, whioh provides that all Bonds
issned under tAis Act shall be EXEMPT FROM
TAXATION by or under any state Of municipal
authority. Subscriptions to these Bonds are re-
eeivsd in United States notes notes of National
Banks. They are TO BE REDEEMED IN COIN,
at the plsAsurssof the 9oyernment at any period
not lsas then ten nor more than forty ysars from
their date, and until their redemption FIVE PER
CENT. INTEREST WILL BE PAID IN COIN,
or Bonds of not over one hundred dollars snnu-
ally and on all other Bonds substantially. The
interest is payable en- the first days of March and
September in each year.
Subscribers will receive either Registered Cou-
pom Bonds, as they may prefer, Registered Bonds
are recorded on the books Of the U. s. Treasurer,
and can be transferred only sn the owners order.
Coupon Bonds are payable to bearer, and are more
convenient for commercial uses.
Subscribers to this loan viii have the option Of
having their Bonds draw interest from March 1st,
by paying the accrued interest in coin-or in Uni
ted States nstes, or the notes of National Banks,
adding fifty per cent. for premium,) receive them
drawing interest from the date of subscription and
deposit, As these Bonds are
Exempt from Muaicspator State Tdaation,
their value is increased from tc 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 Of equal convenience as per-
manent or temporary Investment
1t is believed that no securities offer SO great in
n
U. S. Bonds. In all other forms of indebtedness,
the faith ability of private parties stock
panies 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
cure the payment 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 con-
verted into money at any moment, and the holder
will have the benefit of the interest.
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, the Sd day of
March, 1861 was $76s,965,UOO. The interest on
this debt for the coming fiscal year viii be SIS, o3,
l26, while the customs revenue III gold Tor the cur
rent fiscal year, ending June S0th, 1864, has been
far at the rate Of over 500, 900 per annum.
1t will be seen that the present gold reve-
nues OF the Government largely IN excess Of tue
wants Of the Treasurer Tor the pay mcnt vi gold in
terest, while the recent increase the taIIl Viii
doubtless raise the annual receipts from customs
the same amount OF impOrtations, to SloO,UU0,0UU
Per AMMAN.
Instructions to the National Banks acting as loan
agents not issued from the United State Treas
ury until March rs, but in the first three weeks OF
April the subscriptions averaged more than Ten
MILLIONS WEEK.
Subscriptions will BIO received by the
First National Bank of Philadelphia, Pa.
Second National Bank Of Philadelphia, Pa.
Third National Bank of Philadelphia, Pa.
First National Bank of Baltimore, Md.
First National Bank of Washington, d. C.
AND BY ALL NATIONAL BANKS
which urg depositaries of Public money; and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents of the
National Depository Banks,) will furnish further
information on application ami afford
Every Facility To SmbscEiberss
May 10, lS64.--Sm. inside.