The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-07-29
u. S. 1910 BONDS.

iese boEds are issued under the Act OF Con.
gress Of March sth, 1864, which provides that III
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 oil National Banks, They are TO BE
REDEEMED IN COIN, at the pleasure of the
Government, ut any period not iess than Ten nor
more than forty years nom their date and unit,
their redemption FIVE PER CENT. INTER.
EST WILL DE PAID IN COIN, on Bonds Of
not over one hundred dollars annually .ar donnll
other Bonds semi annually. The interest is pay.
able ON the iirs, day Of March and September in
each year.
Subscribers will receive either Registered or
Coupon Bouds, as they may prefer Registered
Bonds are recorded on the books of the y. s.
Treasury, and can be transferred only on the
owners order. Coupon Bonds are payable to
bearer, aud are more convenient for commercial
uses.
Subscribers to this loan will have the option
Of having their Bonds draw interest from March
LIST, by paying tho accrued iuterest in coin--tor
in United States notes, or the notes Of Nations
Banks, adding fifty per cent. for premium or re.
ceive them drawing interest from the date Of
subscription aud deposit. As these Bonds ure
Exempt from Municipal or State Taxation,
their value is increased from one 10 three per
cent per annum. according to the ru,e Of levies
in various parts OF the country.
At,he prescntrate Of premium on gold, they pay
Over Eight Per Cent Interest .
in cnrre ncv N nj oro n ,cu,l oo,v.n,on.n -. !.
permanent or temporary investment.
Its believed that no securities offer 20 great
inducements TO lenders rs the various descrip.
tions OF U. s. Bonds. In oil other forms OF In /.
debtedness, tho faith or ability of private par.
tiee or stock companies or separate communi.
ties only is pledged for pa ment, while for the in
dehedness 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 samo
terms and are thus made equally available TO
the smallest lender and the largest capitaist.-
They can be converted into moLcy at any me.
ment, and the holder will have the benefit Of the
interest. 1.G
ltmay be useful to state in this connection,
that the total FUNDED Debt otthe United States,
on Which interest is payable in. gold, on the Sd
day OF March, 1864 was s76s ,s65 600. The inter.
est on this debt for the coming fiscal year will be
cas- ,937,l26, while the customs revenue in gold
for the current fiscal year, ending June soth,
1864, has been, SO far ut the rate oi over slOO,.
100000 per annum.
II will be seen that even the present gold rev.
enues Of the Government are Inrpelv in xcess
ofthe wants Of the Treasury for the pa yment OF
gold interest, while the recent increase Of the
tariff will doubtless raise the annual receipts
from customs on the same amount oi impor,a.
'tions, to $3.50, coo 900 per annum.
Instructions to the National Banks acting as
loan agents were not issued from the U. States
Treasury until March &c, but in the first thre
weeks sof April the subscriptions averaged more
than TEN MILLIONS A WEEK.
Subscriptions will be received by all a