Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-06-08
US. 1910 BONDS.


These Bonds are issued under the act of Con
gress of March sth, 1864, which provides that all
bonds issued under this act shall be e1eRpt from
t1ratfom by or under any State or municipal au-
ed in United States notes or notes of National
Banks. They are TO BE REDEEMED IN COIN. at the
pleasure of the Government, at any reriod not
less than tea than forty years from their
date, and until their redemption FIVE PER CENT.
WILL BE PAID IN COIN, on Bonds of over one
hundred dollars annually and on all other Bonds
semi annually The interest is payable on the
first days Of March and September in each year.
Subscribers viii receive either Registered or
Coupon Bonds. they may prefer. Registered
Bonds are recorded on the books of the Z. :.
Treasurer, and can be transferred only or the
owners order. Coupon bonds payable to
bearer and are more convenient for Commercial
uses.
Subscribers to this loan viii have the option of
having their Bonds draw Interest from March lst,
by paying the accrued interest in ooin-Cor in, u
nited States notes, or the notes of National Banks
adding fifty per cent. for premium,l or receive
them drawing interest from the date of sub,crip-
ton 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
levies il 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 a
permanent or temporary investment.
1t is believed that no securities offer so great
inducement to lenders as the various descriptions
of U. 5. Bonds In all other forms of indebted
ness, the faith ability of private parties or
stock companies or seperate communities only is
United States the whole property of the country
is holden to secure the payment of both princi-
pal and interest in coin.
These bonds may be subscribed for in sums from
$50 up to any magnitude, the terms and
are thus made equally available to the smallest
lender and the largest capitalist. They can be
converted into money at any moment, and the
holder viii have the benefit of the interest.
1t may be useful to state in this connection tha;
the total Funded Debt of the United States on
which interest is payable in gold, on the Sd day
of March, 1854, s763.9s5, 900. The interest on
this debt for the coming fiscal year win be Si5,-
937.l26, while the customs revenue in gold for
the current-f fiscal year ending June SOth, 1891,
has been so far at the rate OF over 500 goo, 600
per annum.
1t will be seen that even the present gold rev
enues of the Government are largely in excess of
the wants of the Treasurer fer the payment Of
gold interest while the recent increase OF the tar
if will doubtless raise the annual receipts from
customs on the same amount of importations, to
SI50, O0O, 600 per annun.
Instructions to the National Banks acting as
loan agents were not issued from the United
three weeks of April the subscriptions averaged
more than TEN MILLIONS a WEEK
Subscriptions will be received by the
First National Bank of Philadelpbia, Pa
Second National Bank of Philadelphia. Pa.
Third National Bank Of Philadelphia, Pa.
AND BY ALL NATIONAL BANKS
which are depositares of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, acting as agents of the
No+
information on application and afford eUSry faeiI-
lty to subscribers. May IL. 1864-24mos