The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-07-08
u. S. 1910 BONDS.

These Bonds arc issued under the Act OF Con.
gross OF March sth, 1864, which provides that all
Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or under any state
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. INTER
EST WILL BE PAID IN COIN, on Bonds of
not over one hundred dollars annually ard mall
other Bonds semi annually. The interest Is pay
able on the first day of Match and September in
each year.
Subscribers will receive either Registered or
Coupon Bouds, as they may prefer. Registered
Bonds are recorded on the books of the u. $.
Treasury, and can be transferred only on The
owners order. Coupon Bonds are payable to
bearer, aud are more couveuiant for commercial
uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from March
lst, BY paying the accrued interest in COR
in United States notes, or the notes of National
Banks, adding hiyper cent, for premium J or re-
ceive 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 10 three per
cent. per annum. according TO the rate OF levies
in various parts OF the country.
A,,he presentraIe of premium on gold they pay
Over Eight Per Cent Interest
in currency, and are OF equal convenience us a
permanent or temporary investment.
1t is be lieved that NO securities offer 20 great
inducements to lenders as the various descrip.
tions of U, S. Bonds, In oil other forms OF in
debtedness, the faith or ability of private par
tiee or stock companies or separate communi-
ties only is pledged for payment, whilefor the in
debtedness of the United States the whole prop
erty of the country is holden to secure the pay.
ment 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 thus made equally uvnilohle to
the smal Hest lender and the largest capitalist-
They can be converted into money at any mo-
men t. 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 tie Sd
day of March, 1864, was S76s 965 900. The inter-
est this debt for the coming fiscal year will be
S45 1897 ,l26, while tho customs revenue in gold
for the current fiscal year, ending Jnne aoth,
1864, has been, so far at the rate OF over SlOO,.
600 900 per annum.
1t will be seen that even the present gold rev
enues of the Government are largely in excess
ofthe 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 imporla-
tions, to $3.50 eco, ,oC0 Per unnum.
Instructions to the National Banks acting as
loan agents were not issued from the U. States
Treasury until March 26, but in the first thre
weeks Of April the subscriptions averaged more
than TEN MILLIONS A WEEK.
| SuhscrinIinns will be receiYed hy all