Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-06-29
U. S. 1910 BONDS.

These Bonds are issued under the Act of
Congress # March 9th, 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
forty years 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 all
other Bonds semi>annually. The interest is
payable on the first days of Marcel and Sep
tember in each year.
Subscribers will receive either Registered
or Coupon Bonds, as Ghey may prefer. Re-
gistered Bonds are recorded on the books of
the U. S. Treasurer. and can be transferred
! only on the owners order. Coupon Bonds
| are payable to bearer, and are more conve-
| uient for commercial uses.
Subscribers to this loan will have the op-
| ton of having their Bonds draw interest
! from March lst, by paying the accrued in
| terest Ill coin-(or in United States notes,
or the notes Of National Banks, al ling fifty
per cent. for prenium,) or receive them
| drawing interest from the Gate Of subscrip>
ton and deposite. As the,e 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 in various parts of the country.
! A; the present rate of premium on gold
they pay
! OVER EIGHT PER CENT. INTEREST
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 or stock companies or Sepa
rate communities only is pledged for pay
rent, while for the debts of the United
| States the whole property of the country Is
holden to secure the payment OF both prIE~
cipal and interest in coin.
These Bonds may be subscribed for in
sums from: $50 up to any magnitude, on the
same terms, and are thus made equally
available to theS smallest lender and and
, the largest capitalist. They can be con-
| vvrted into money at any moment, and the
holder viii have the benefit Of the interest.
1t may be useful to state in this connec
tion that the total Funded Debt of tae United
! States on which interest Is payable IN gold,
on the 81 day of March, 1864. was $685.
| 9G5 900. The interest on this debt for the
coming fiscal year will be SIS .937 l26.
while the cus,Oms revenue IN gold for the
current fiscal year, ending June Both, 1854,
has been s" far at tie rate Of over 100000
900 million per annup.
1t will De seen that even the present gold
! revenues Of the Government aIe 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 importatIOnS, to Sl5O,O00, 900
per annum-
Instructions to the National Banks acting
as loan agents were not issued from the
United States Treasury until March %, bnt
in the first three weeks of April the sub
scriptinns averaged more than TEN MILL
LIONS A WEEK.
Subscriptions will be received by the
First National Bank of Philadelphia Pa
Second National Bank of Phadedhia Pa
Third National Bank of Philadelphia. Pa
AND DY ALL OTHER NATIONAL
! BANKS
which are repositories of Public money,
! and all
RESPECTABLE BANKS & BANKERS
throughout the country. (acting as agents of
the National Depository Banks) will furnish
further information on application and
AFFORD EVERY FACILITY TO SUB
SCRIBERS.
June %. 1864 If