The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-05-27
VOLUME XIV, NO..
u. S. 1910 BONDS

These Bords arc issued under tho CT of G. an
gross OF March 9th, 1864, which provides tha, all
Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or under any state or
municipal authority. Subscriptions to these
Bonds are received in United Stntes notes or
notes OF National Banks. They are TO BE
Redeemed IN COIN, Mt the pleasure Of the
Government, at any period not less than te, NOR
more than forty years from their date, and unit,
their redemption FTvfsPER CENT. INTER.
EST WILL BE PAID IN COIN, on Bond. Of
not over one hundred dollars annually. ar on all
other Bonds semi annually. The interest is nav.
able OR tho frs, day of March and September in
each year.
Subscribers will receive either Registered or
Coupon Bouds, as ,hoi 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 convenient for commercial
uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from March
LIST, by paying the accrued interest in con--(or
in United States notes, or the notes of National
Banks, adding fiftype cent. for premium 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 one TO three per
cent. per annnm. according to the rate OF levics
in various parts OF the country
Atthe prescntrate of premium on gold ,theypay
Over Eight Per Cent. Interest
in currency, and are of equal convenience as
perma nent or temporary investment.
1T Is believed that NO securities offer 70 great
induce ements to lenders as the various descrp.
tions OF U. s. Bonds In all other forms of in.
debtedness, tho faith or ability of private par
tiee or stock companies or separate communi-
ties only is pledged for pay men, while for tho in
debtednoss of the United States the whole prop.
.orty of tho country is holden to secure the paw.
ment OF both principal and interest in coin.
These Bonds may be subscribed for in sums
rom $50 up to amy 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 mo.
ment 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 tho 3D.
day of March, 1864 was S76s 1865 900. Tho inter-
est on this debt for the coming fiscal year will he
SIS ,937,l26, while tho customs revenue in gold
for the current fiscal year, ending June 5oih,
1864, has been, SO far at the rate OF over SlOO,.
100000 per unnum.
1t will bo seen that even the present gold rev.
enues OF the Government are largely in excess
of the wants of the Treasury for the pa yment Of
gold interest, whilo the recent increase Of the
tariff will doubtless raise the annual receipts
from Gu sioms on the came amount oi imporia-
tons, 10 $3.50, ,00O per nnnum.
Instructions to the National Banks acting as
loan agents werenot issued from the u. States
Treasury until March 26, but in the first three
weeksof April the subscriptions averaged more
than TEN MILLIONS A WEEK.
Subscriptions will bo receiynd bv oil