The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1864-06-24
i. :. 1910 BONDS.

u ~ lUtV UUltUN
These Bonds are issued under tho Act % 0n
gress Of March 9Th. 1854, which provides that oil
Bonds Issued under this Act shall be EXEMPT
FROM TAXATION by or under any State or mu
uiopal authority. subscriptions TO these BOnd
are received In United States notes or notes OF Ma
tion.l Banks. They arc TO BE REDEEMED IN
COIN, at the pleasure Of the Government, at an,
period not less than ten nor more than forty year
from their date. and until their redemption FIVE
PER CENT. INTEREST WILL BE PAID IN
COIN, on Bonds OF not over one hundred dollar'
annually, and on all other Bonds semi annually
The interest is payable on tho arst days Of March
and September In each year.
Subscribers will receive either Registered OF
Coupon bonds. Is they may prefer. Registered
Bonds 70 recorded on the books Of the o. 8. Treas.
ursr, and can bs transferred only on the owners or.
der. Coupon Bonds arc payable to bearer. and
arc moro convenient for commercial uses
Subscribers TO this loan will have .hs option Of
having their Bonds draw interest from March lst'
by paying the accrued interest in eoin-tor In U.
states notes, or the notes Of National Banks, add.
Ing any por cent. promiuu) or receive thsm draw.
Ing interest from tho date Of subscription and de-
deposit. A these Bonds are
Exempt from Municipal or State Taxutlon'
their Value Is increased from one to three per cent
per annum, according TO the rate Of tax lsyiss Ia
various parts Of the country.
At the present rate OF premium on gold they pay
over Eight Per Cont. Interest
In currency, and are Of equal convenience ~ per
mansnt or temporary investment
II 10 believed that no securities Offer 80 great In
ducsmenu TO lenders Is tho various description
OF U. 8. Bonds In all other forms Of indebtedness
the fath or ability Of private parties or stock com
psnes or separate communities only 10 pledged fol
payment, while for tho debts OF the United States
the whole property Of the country 10 holden to 80.
cure tho payment Of both principal and interest In
colin.
These Bonds may b. subscribed for in sums from
$50 up to any magnitude, on the same terms. and
are thus made equally available 70 the smallest
lender or the largo,t capitalist. They can DO con-
vsrtsd into money at any moment, and the holder
will have the benefit Of the interest. rf
It may DO useful to state in this connection that
the total Funded Debt Of the United States on
which interest 10 payable In gold, on the ID day Of
March, 1854 was S7ss,9esooo. The interest on thi,
debt for the coming nscal year will DO Sis,sa7,.
1876; while the customs revenue In gold for the cur.
rent fiscal year. ending Juno 3oth 1854, has been 90
far at the rate Of over 500, ooo.ooo per annuu,.
II will DO seen that ovsn the present gold rsvs.
nuss Of tho Government are largely In excess Of
the wants Of the Treasurer for the payment Of gold
interest," while the roosnt increase Of tho tariff will
doubtless raise the annual receipts Of customs on
tho same amount Of importstions, 70 Siso, 100000
per annum.
Instructions to the National Banks acting a. loan
agents were not Issued from the United States
Treasury until March %, but In the nr't thrss
weeks Of April the subscriptions averaged more
than TEN MILLIONS A WEEK.
Subscriptions will DO received by the