The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-05-18
u. s. 1910 BONDS.

These Bonds are issued under the Act
of congress cf March sth,- 1864, which
provi des thai all Bonds issued under this
Act shall be EXEMPT FROM TAXATION
by or unds sr any state or municipal author
/ ity. Subscr ipiions TO these Bonds are re
ceived in Unit cd States notes or noles of
National Banks. They are TO BE RE
DEEMED IN COIN, al the pleasure of the
Governme nj, a. any period 10, less than
ten nor more than forty years from their
date, and uuiil their redemption FIVE
PER CENT. INTEREST WILL BE PAID
IN COIN, on Bonds OF not over one hnn>
dred dollars annually and on all other
Bonds semi. annually. The interest is pay
able on the first days of March and Sep
tember In each year. ~
Subscribers will receive eth er Regis
tered or Coupon Bonds, they may pre-
fer. Registered Bonds are recorded on the
books of the U.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 10 this loan VIII have the
option of having their Bonds draw inter est
from March ist, by paying lhe accrued in :
teresl in coin-(or ia United States notes,
or The notes of Naional Banks, adding fit,
ty per cent. for premiu M or receive them
drawing interest from the date OF subscfip-
lion and deposit. A 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 Ievies in various parts of The coun-
Try.
AT The present rate Of premi um on gold
they pay
OVER EIGHT PER CENT INTEREST
in currency, aud are. OF equal convenience
as permanent or temporary investment.
II is believed that no securities offer so
great inducements 10 lenders as the various
descriptions of U S. Bonds. In all other
forms of ndebtecness, the faith or ability
OK pri1als parties, or stock companies or
separate communities only is pledged for
aymen,, while for the debts of The United
States the whole properly Of The country
is holden TO secure the payment of both
principal and interest in coin.
These Bonde may be subscribed for in
sums from $50 up TO any magnitude, on
the same erms,and are thus made equally
availabIe 10 The smallest lender and the
largest capitalist, They can be converted
into money a any. moment, and the holder
will have The benefit of the interest
]. may be useful to stale in This connec-
ton that The total Funded Debt of the
United States on which interest is payable
in gold, on the Sd Day OF March, 1864, was
S76s, ,s65, 600, ); Tie ln,eres, on this deb,
for the coming fiscal year will be 81 5, ,s37,-
l26, while the customs revenue in gold
for the. current fiscal year ending June
3Oih, 1864, has been SO far al the rate of
over 500, 900 O0e per annum.
Ii will be seen that even the present
gold revenues OF the Government are large
Iy in excess of ihe 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 amoan: of imPoralions. TO $780,
Ooo, 900 per snnum.
Instructions 10 the National Banks act
ing as loan agents were not issued from
the United Slate Treasury until March 26?s
but in the FIRST three weeks of April The
subscriptions averaged more than TEN
MILLIONS A WEEK
Subscriptions will be received by all
National Banks