The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-08-17
U. 1910 Bonds


These Bonds are issued under the Act of
Congress of March 9Th, 1854 which provides
that all Bonds issued under this Act shall be
EXEMPT FROM TAXATION by or under any
sta or municipal authority. Subscriptions
to these Bonds 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
THAN TEN NOR MORE THAN FORTY YEARS from
their date, and until their redemption FIVE
PER CENT. INTEREST WILL BE PAID IN
COIN, on bonds of not over one hundred dol
lars annually and all other Bonds semi
first days of March and September in each
year.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Register
ed Bonds are recorded on the books of the
IT, s. Treasurer. and can be transferred only
on the owners order. Coupon Bonds are
payable to bearer, and more convenient
for commercial uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from
March 1st, by paying the accrued interest in
in coin-(or United States notes, or the notes
of National Banks, adding fifty per cent. for
premium) or receive them drawing interest
from the date of subscription 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
leves in various parts of the country.
At the present rate of premium on gold they
tpay
lover EIGHT PER CENT INTER
EST
in currency, and are of equal convenience as
permanent or temporary investment.
1t is believed that no securities offer so
great inducements to lenders as the various
descriptions of U. s.. Bonds. In all other
forms of indebtedness, the faith or ability of
private parties stock companies separate
G mmunit es only is pledged fo, pavmert,
whole property of the country is holden to
secure the payment of both principal and
| interest in coin
| These Bonds may be subscribed for in sums
from $50 up to any magnitude, the same
terms, and are thus made equally: available to
/ the smallest lender and the largest capitalist.
They can be converted into money at anv mo-
ment and the holder will have the benefit OF
the inte' est.
| 1t may he useful to state in this connection
/ that the total Fupded Debt of the United
States On which interest is payable in gold,
on the Sd day of March 1864 was ST6s, $685.
1000. The interest on this debt for the con,
ing fiscal wear vill he S4s, ,937. 1876. while the
customs revenue in gold for the current fiscal
year, ending June 30th, 1864. has been 40 far
at the rate of over 500 oO6, 900 per anpum
| 1t will be seen that even the present gold
{revenues of the Government largely in excess
/ of the wants of the Treasury for the payment
| OF gold interest, while the recent increase oi
1.-The tariff will doubtless raise the annual re-
ceipts from customs on the same amount Of
importations, to $50, 600 900 per annum.
Instructions to the National Banks acting
as loan agents were not issued from the Uni
ted States Treasury until March 26. but ir
the first three weeks of hprif the subscrirtiors
faversQed more than TEN MILLIONS A WEEK.
Subscriptions viii he received by the
First National Bank ofCincinnati. q.
Third National Bank of Cincinnati. O.
Fourth National Bank of Cincinnati. o
First National Bank of Cleveland. O.
Second National Bank of Cleveland
Ard by All National Banks
which are depositaries of Public money. an6
all
RESPECTARLF BANKS AND
BANKERS
throughout the country, acting as agents ,
she National Depository Banks.) viii furnish
further information application and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
May IL, 1s64.-3m,