Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-06-15
US. lO-4O BONDS.

These Bonds are issued under the act of Con-
gress of March Sth, 1864, which provides that all
bonds issued under this act shall be exempt from
taratfOm by under any State municipal
thority. Subscriptions to these bonds are receiv-
ed in United States notes or notes of National
Banks. They are TO DE REDEEMED COIN at the
pleasure of the Government, at any period not
's'S than ten than forty gears from their
date, and antil their redemption FIVE PER CENT
WILL BE COIN, Bonds of one
hundred dollars annually and on all other Bonds
semi annually. The interest is payable on the
first days of March and September in each year.
Subscribers viii receive either Registered or
| Coupon Bonds. as they may prefer. Registered
| Bonds recorded the books of the U. 5.
Treasurer, and be transferred only on 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 Ist
by paying the accrued interest is coin-(or in T.
nited States notes the notes of National Banks,
adding fifty per cent for premium,l or receive
them drawing interest from the date of subscrip-
tion and deposit. As these Bonds are
Exempt from Municipal or State Taxation,
their value is increased from one to three per
cent per annum, according to the rate of tax
levies iR various parts of the country
.,Lo
OVER EIGHT PER CENT INTEREST
in currency. and of equal convenience as
permanent or temporary investment
1t is believed that no securities offer so great
inducement to lenders as the various descriptions
of U. s. Bonds In all other forms of indebted
ness, the faith ability of private parties or
stock companies or seperate 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 princi-
pal and interest in coin.
These bonds may be subscribed for in sums from
$50 up to any magnitude, the 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 will have the benefit of the interest
1t may be useful to state in this connection tn at
the total Funded Debt of the United States on
which interest is payable in gold, on the Sd day
of March, s6l, was S763 965, 900 The interest on
this debt for the coming fiscal year will be S45.
93..126, while the customs revenue in gold for
the current fiscal year, ending June 3Oth, 1864,
has been so far at the rate of over 500, 900 900
per
1t will be seen that even the present gold rev.
enues of the Government are largely in excess of
the wants Of the Treasurer for the payment of
gold interest while the recent increase OF the
customs on the same amount of importations, to
$50 600 per annum.
Instructions to the National Banks acting as
loan agents were not issued from the United
States Treasury until March 29 but in the first
three weeks of April the subscriptions averaged
more than TEN MILLIONS A WEEK.
Subscriptions will be received by the
First National Bank of Philadelphia Pa.
Second National Bank of Philadelphia, Pa.
Third National Bank of Philadelphia, Pa.
AND BY ALL NATIONAL BANKS
which depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting agents of the
National Depository Banks,) viii furnish further
information on application and afford eCeyy factE-
ity to subscribers. May IL, IS64-2tmos.