Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-06-22
US. lO-4O BONDS.

IHese 0OnOS Hre issued under the act OF Con
gress of March sth, 1884, which provides that all
bonds issued under this act shall be exempt from
| taratiom by or under any State municipal au-
thority Snbscri ptons to these bonds are receiv-
| ed in United States notes notes of National
! Banks. They are TO BE- REDEEMED IN COIN, at the
pleasure Of the Government, at any period not
less than tea nor more than forty years from their
date, and until their redemption FIVE PER CENT
| 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 March and September IN each year
Subscribers will receive either Registered or
Coupon Bonds, rs they may prefer. Registered
Bonds recorded on the books of the u s.
Treasurer, and be transferred only on the
owners order Coupon bonds are payable to
bearer, and are more convenient for CONNIE ercial
Subscribers to this loan will have the option of
having their Bonds draw interest from March Ist
by paying the accrued interest in coin-(or in T.
nited States notes, the notes of National Banks,
adding fifty per cent. for premium,) or receive
them drawing interest 'front.' date of subscrip-
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 liz 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 q
permanent or temporary investment.
1t is believed that 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
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 princi-
pal 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 the smallest
lender and the largest capitalist. They can be
converted into money at any moment and the
holder will have the benefit of the interest.
1t may be useful state in this connection th lat
the total Funded Debt of the United States on
which interest is payable in gold, on the Sd day
of March, 1864, was s76S 965 900. The interest on
this debt for the coming fiscal year will be S45,-
s37 ,l26, while the customs revenue in gold for
the current fiscal year, ending June 3Oth, 1864,
has been far at the rate of Sl00, 900, 900
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 for the payment Of
gold interest while the recent increase OF the tar
i'll will doubtless raise the annual receipts from
customs on the same amount of importations, to
Sl50,0900o0 per annum.
Instructions to the National Banks acting as |!
loan agents not issued from the United |
States Treasury until March 90, but in the first |
three weeks of April the subscriptions averaged |
more than TEN MILLIONS WEEK.
subscriptions will be received by the
First National Bank of Philadeiphia, Pa
Second National Bank of Philadelphia, Pa.
Third National Bank of Philadelphia Pa.
AND BY ALL NATIONAL BANKS
which depositares Of Public money, and all |
RESPECTABLE BANKS AND BANKERS
throughout the country, tacting as agents of the
National Depository Banks,) will furnish further
inform alton application and afford eUery faeik-
tty to Subscribers May H. lso4-2tmos