Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-09-28
u S, lO-4O BONDS,


These Bonds are issued under the Act of
Congress # March Sth, 1864, which pro-
vides that all 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 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
.tortg gears from their date, and until redemp-
ton FIVE PER CENT. INTEREST Will
BE PAID IN COIN, on Bonds of not over
one hundred dollars annually and on oil
other Bonds semi-annu0ily. The interest is
payable on the first days of March and Sep
tember in each year
Subscribers viii receive either Registered
or Coupon Bonds, as they may prefer Re
gistered Bonds are recorded on the books Of
the L. S. Treasurer aud can be transferred
only or tie owners order Coupon Bonds
are payable to bearer. and are more ccuve>
hient for commercial uses.
Subscribers to this loan VIII have the op-
ton 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. ad ding fi-rv
per cent. for premium or receive them
drawing interest from the Cate Of subscriD,
ton and depnSite. As thee Bonds are
EXEMPT FROM MUNICIPALOR STATE
TAXATION,
their value is increased from one to three
per cent, per aunum, according to the rate
OF tax Ievics IN various parts of the country.
" the present rate Of premium on gold
they pay
OVER EIGHT PER CENT. INTEREST
IN currency, and are Of equal convenience
a. 4 permanent or temporary investment.
great inducements TO lenders as the various
descriptions Of L. S. Bonds In all otEer
forms OF Indebtedness, the faith or ability If
private parties ar stock companies or scpa-
rate communities only is pledged for pay
ment, while for the debts of the United
States the whole property of the country Is
holden t. secure the payment Of both prir~
cipai and Interest in coin.
These Bonds may be subscribed for in
sums from $50 up to any magnitude. on the
same terms, and thus made equally
available to the smallest lender and and
the largest capitalist. Tbsy can be con-
verted into money at any moment, and the
holder Will have the benefit Of the interest.
1t may he useful to state in this connec-
tion that the total Funded Debt Of the United
States on which interest Is PAYABLE in GOLD.
on the 81 day of March, 1864. WIS s760
100000. The interest on this debt for the
coming nNcal year VIII be SI5. .937 1875,
while the customs revenue il gold for the
current fiscal year, endiny June goth. 1864.
has been ;" far at the rate Of over $IOO. 900.
600 million per annum.
1t will be seen that even the present cold
revenues of the Government are largely in
excess of the wants of the Treasury for the
payment Of gold interest, while the recent
Increase Of the tariff will doubtless raise the
annual receipts from customs on the same
amount Of lmpoftati0ns, to &l5O,OOO coo
Ter annUm.
instructions to the National Banks acting
as loan agents were not issued from the
United States Treasury until March 26, but
in the first three weeks of April the sub
scriptions averaged more than TEN MIL
LIONS 4 WEEK.
Subscriptions viii be received bv the
First National Bank of Philade5 phfa. Pa.
Second National Bank of Philadeldhia. Pa.
Third National Bank Of PHILADELPHIA. Pa.
AND BY ALL OTHER NATIONAL,
which are repositories Of Public money.
and all
RESPECTABLE BANKS & BANKERS
throughout the country, (acting as agents Of
the National Depository Bauks) will furnish
further information on application and
AFFORD EVERY FACILITY TO SUR
SCRIBIRS
June %, 1864 If