The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1864-06-16
/. S. 1910 Bonds.

i. S. 1910 Bonds
These Bonds are issued under the Act oil
Congress of March eth 1864. which provid-
that all Bonds issued under this Act shall |
be EXEMPT FROM TAXATION by or
under any state or municipal authority
subscriptions TO these Bounds 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 not less then ten nor more
than forty years from their date, and until
their redemption FIVE PER CENT. IN.
WILL Be PAID In COIN, ON
Bonds of not over one hundred dollars an
nuallv and all other Bonds semi-annually.-I
The interest 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. Reg
istered Bonds are recorded en- the books of
the U. S. Treasurer, and can be transferred
only on The owners oders. Coupon Bonds
are payable TO bearer, and aIe more conve-
nent for commercial uses.
Subscribers TO this loan will have the op-
tion of having their Bonds draw interest
from March lst, by paying the accrued in
terest in coin-(or in United States notes
or the notes of National Banks, adding fifty
per cent. for premiurn,) or receive them
drawing interest from the date of supscrip-
tion and deposit. As these Bonds are
Exempt from Municipal or State
TaXaii8n,
their value is increased from one to three
per cent. per anrum, according to the rate
of tax levied 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
a permanent or temporary investment.
1t is believed that no securities offer so
great inducements 10 lenders as the various
descriptions of U. s Bonds. In all other
forms of Indebtedness, the faith or ability of
private parties or stock companies or sepa-
rate communities only is pledged for pay
ment, while for the debts of the Uuitcd
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 form $50 up to any magnitude, on the
same terms and are thus made equally avail
able to the smallest lender and the largest
capitalist. They can be converted into mo.
ney al any moment, and the holder will have
the benefit of the interest.
1t may be useful to state in this connec,
ton that the total Funded Debt OF the Uni
ted States on which interest is payable il
god, on the Sd day of March, 1864, was
S76S, ,965, 900 The interest on this debt fol
the coming fiscal year will be $45, ,937, ,l2G
while the customes revenue in gold for tht
current fiscal year, ending June Both, 1854
has been SO far at the rate of over SlG0,
000,00 per annum.
1t will he seen that even the present gOlt
revenues of the Government are largely il
excess of the Treasury for the payment o
gold interest, while the recent increase Q
the tariff will doubtless raise the annual re
ceipts from customs on the same amount c
importations to Sl50.000000 per annum.
Instructions to the National Banks actin
as loan agents were not issued from the I'm
ted States Treasury until March 26, but il
the first three weeks of April the suescrlp
tions averaged more than TEN MILLION
A WEEK.
! Subscriptions will be received by the
First National Bank of Philadel phia, p;
Second National Bank of Philadel phla, Pi
Third National Bank of Philadelphia, Ps
AND BY ALL NATIONAL BANKS
which are depositaries of Public money, an
all
RESPECTABLE BANKS AND BANKER
throughout the country, (acting as agents {
the National Depository Banks,) will turnis
further information on application and
| Afford every Facility 10 Subscribers.
May 5th, le64.-3m.
,Ng,AWARE HOUSE.
~Igg~sgS sThis splendid Hotel, situate
80 / sSpear the Stroudsburg Depot, Po
SSssesses all the advantages I'll