Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-05-13
U, S, TEN-FORTY BONDS.

These Bonds are issued under the Act o Con.
gress of March sfh, 1864, which provides that in
lieu of so much of the loan authorized by the
Act of March Sd, 1885, to which this is supplement
tary, the Secretary ofthe Treasury is authorized
to borrow from time to time, on the credit of the
United States, not exceeiin TWO HUNDRED
MILLION DOLLARS during the current fiscal
year, and to prepare and issue therefor Coupon
and Registered Bonds of the United States; and
all Bonds issued under this Act shall be EX-
EMPT FROM TAXATION by or under any
State or municipal authority. Subscriptions to
these bonds are received in United ss=ttss notes
or notes of National Banks. They are TO BE
REDEEMED IN COIN, at the pleasure of the
Government, at any period not Zess than ten nor
moro than Iorsy 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 dolla-s ------IIv. 81 -
all other Bonds semi-apuuaIly.
The interest is payable on the first days of
March and September in each year. The semi
annual Coupons are payable at those dates, and
the annual Coupons on the 80 and 100 dollar
Bonds are payable on the fret of March.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the books of the United
States gfeasurer, and can be transferred only
en- the owners order. Coupon Bonds are paya-
BILE to bearer, and are more convenient for
commercial use.
Registered Bonds will be issued of the denom-
nations of Fifty Dollars $50, One Hundred
Dollars $500, Five Hundred Dollars $500,
One Thousand Dollars Csl,OOO), Five Thousand
Dollars (s5,OOO, and Ten Thousand Dollars
$4,000; and Coupon Bonds of the denomina-
tons ofFify Dollars $50, One Hundred Dol
lars Cs1OO), Five Hundred Dollars $500, and
One Thousand Dollars (sl,OOC.
Subscribers to this loan will have the option of
having their Bonds draw interestfro March 1st,
by paying the ACQUIRED interest in coin-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 snd 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 oftsx leVes in various parts of the country.
Atthe present rate of premium on Gold they
pay over eight per cent. interest in currency,
and are ofequaI convenience as a permanent or |
investment
II is believed that no securities offer so great
Inducements to lenders as the various descrip-
lions of United States Bonds. In all other forms
'f Indebtedness, the faith or ability ofprivste
parties or stock companies or separate commu-
lities only is pledged for payment, while for
he debts ofthe United States the whole proper
y of the country is holden to secure the pay
nent Of both principal and interestin coin.
These Bonds may be subscribed for in sums
rom $50 to any magnitude, on the same terms,
nd are thus made equally available to the small
est lender and the largest capitalist. They can
e converted into money at any moment, and
he holder will have the benefit of the interest.
The facts that all duties on imports are payable
1 specie furnishes a fund for like payment of in
crest on all Government Bonds largely in excess
fthe wants ofthe treasury for this purpose,
Upon the receipt ofsubscriptions a certificate
T deposit therefor, in duplicate, will be issued,
he original ofwhich will be forwarded by the sub
sriber to the Secretary of the Treasury, at
with letter stating the kind reg
tered or cOuPon) and the denominations of
onds required.
Upon the receipt of the original certificates at
le Treasury Department, the bonds subscribed
T will be transmitted to the subscribers respect
ely.
Subscriptions will be received by the Treasurer
the United States at Washington, and the Assist
1t TFsasursrs at New York, Boston, and Phila-
sIphia, and by the First National Bank Of Cleve-
nd, o., and the Second National Bank of Cleve-
nd, O., and by all National Banks which are
sPositaries of public money. All respectable
INKS and bankers throughout the country will
rnish further Information on application, and
lord every facility to subscribers.
may215O
A N0UOVTFO W----------- .