Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1864-06-02
US. 1910 BONDS.

These Bonds are issued under the Act of Con-
eress of March 9th, 1864, which provides that
all Bonds issued under this Act shall be EA-
EMPT 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 gears from their date, and until
their redemption FIVE PER CENT. INTE-
REST WILL BE PAID IN COIN, on Bonds
of not over one hundred dollars annually and
on all other Bonds semi-annually. The into
rest is payable on the first day of March and
September in each year.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the books Of the y. S..
Treasurer, and can be transferred only Oh the
owners order Coupon Bonds are payable to
bearer, and are 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 con-(or
in 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
pay OVER EIGHT PER CENT INTEREST
in currency. and are of equal convenience as
permanent or temporary investment.
It is believed that no securities offer so great
inducements to lenders as the various descrip-
tons of u S. Bonds. In all other forms of in
lebtedness, the faith or ability of private par
ties or stock companies or separate communities
only is pledged for payment, while for the debts
of the United States the 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, on the same
terms, and are thus made equally available to
VIC ouldlCSt lSuuci duo tuO "a t'ietAiio''
They can be converted into money at any mo-
ment, and the holder will have the benefit of
the interest. .-..
1t may be useful to state in this connection,
that the total Funded Debt Of the United States
on which interest is payable in gold, on the Sd
day of March, 1864, was $760,965,0 900. The
interest on this debt for the coming fiscal year
will be $45, 937, 1875, while the customs reve-
nue in gold for the current fiscal year. ending
June 3Oth, 1864, has been so far at the rate OF
over 800, 900 per annum.
1t will be seen that even the present gold
revenues of the Government are largely IN ex-
cess Of the wants of the Treasury for the pay
mept Of gold interest. while the recent increase
of the tariff will doubtless raise the annual re-
ceipts from customs on the same amount OF
importations, to $3.50 100000 per annum.
Instructions to the National Banks acting as
loan agents were not issued from the United
States Treasury until March &c, but in the first
three weeks Of April the subscriptions averaged
more than TEN MILLIONS A WEEK.
Subscriptions will be received by the
First National Bank Of Baltimore, Md.
Washington, ID. G.
Carlisle, Pm.
AND BY ALL NATIONAL BANKS
which are depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents of the
National Depository Banks,) will furnish furth-
er information on application and AFFORD
EVERY FACILITY TO SUBSCRIBERS.
May 10, 18C4-4mif