The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1864-05-28
FINANCIAL.
US. 1910 BONDS

| - Il =
These Bombs arc Issued under the Act Of Congress o
March Stl,, 1sGi which provides That all Bonds issuct
under this Act shall DO ENEMpT FROM TAyAT on
by or under any state or municipal authority. Sub
scrptos TO these Bonds received in United States
notes notes of National Banks. They arc TO BE
REDEEMED IN COIN, at the pleasure of the Govern
meut, any period NOT LESS THAN TEN NOR MORE THAR
FORTY from their date, mud until their redemption
FIVE PER CENT. INTEREST WILL BE rAID IN
CON- on Bonds Of not hundred dollars annually
and on ali other Bonds semi-aunuay. The interest is
payable tho first days of March aud September In
each year.
Subscribers will receive either Registered Coupon
Bonls, they nmy prefer. Registered Bonds are re-
corded the books Of the u S Treasurer and can DO
transferred only the owners order. Coupon Bonds
pays bic to bearer, and more convenient for cumIncr
cial uses.
Subscribers TO this loan will have tho option Of having
their Bonds draw interest from March st by paying the
accrued interest in coiI-(or in United States note,
tho notes Of National Banks adding fifty per cont for
prcmuo,) receive them drawing interest from the
date of subscription and deposit As these Bonds
Exempt from Municipal or State Taxation
their yauc is increased from three per cent per
annum according to tho rate Of tax oyos in various
parts Of the country.
At the present rate Of premium on gold they pay
ever Eight Per Cent. Interest
in currency and of equal convenience permanent
or temporary investment.
1t is believed that securities offer great induce
mcn.s to lenders as the various descriptions Of u &
Bonds In all other forms Of indebtedness the faith OF
ability Of private parties stock companies separate
communities only pledged FOR payment, while for tho
lcbts Of the United States the whole property Of the
country holden to the payment Of both plnci
pal and interest in coin.
These Bonds may be subscribed for in sums from $50
up any magnitude the same tcrms, and are thus
made equally available 10 tho smallest lender and the
largest capitalist They be converted money al
any moment and tic holder will have the benefit of tho
interest.
1t may he useful to state in this connection that the
total Funded Debt of the United States Which interest
is payable in gol the Sd day of March, lSU $685.
oG5OU0. The interest this debt for the coming fiscal
year will be 1885, l26 while the customs revenue in
gold for the current fiscal year, ending June 3O 1864,
has been far at the rate Of over SlOOOOOOo0 per
annum.
1t will be seen that even the present gold of
the Government largely in Of the wants Of
tho Treasury for the payment Of gold interest, while tho
recent Increase of the tariff will doubtless raise the
annual receipts from customs ON the amount Of
mporatons, to SljO,Oj0,OO0 per onnum.
Instructions to the National Banks acting ns loan
agents not issued from the United States Treasury
until March 20, hut in the first three weeks Of April the
subscriptions averaged more than TEN MILLIONS a
WEEK
Subscriptions will be received by tho
First National Bank of Baltimore, AIi.,
" Washington, D. c.,
" Carlisle, Pa,
AND BY ALL NATIONAL BANKS
which are dcpositarcs Of Public money, and all
RESpr(urA RANKS AMI RANEERS