Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1864-05-11
i. S. 1910 Bonds.

These Bonds are issued under the Act of Congress
Of March Sth. 1854. which provides that all Bonds
issued under this Aet shall DO EXEMPT FROM
TAXATION by or under any state or municipal
authority. Subscriptions to these Bonds are re-
lceived in United States notes or notes Of National
Banks. They are To BE REDEEMED IN COIN
at the pleasure Of the Government. at any period
not less tkan tea aor more thin forty veurs from their
date. and until their redemption FIVE PER CENT
INTEREST WILL BE PAID IN COIN, on Bonds
Of not over one hundred dollars annually and ON
all other Bonds semi-annually. The interest is
payable on the first days of March and September
in each year.
Subscribers will receive either Registered or
Coupon Bonds. rs they may prefer. Registered
Bonds are recorded on the books Of the II. s. Treas
drer. and can he transferred only on the owuer's
order. Coupon Bonds are payable to bearer. and
are more convenient for commercial uses.
Subscribers to this loan will have the option or
having their Bond- iras interest from March LIST.
by paying the accrued interest in eoin-tor in Uni
ted States notes, or the notes IF National Banks.
addiEs fifty per cent. Tor premium or receive them
drawing Interest ltnm the date of subscription aud
deposit. At these Bonds are
Exempt from Municipal or Male Taxation,
their value il increased from one to three per cent.
~ hhhuAus dtcoTuiHk 10 the rate OF lax leNles IN
various parts of the country.
At the present rate of premium on gold thew nav
Over Eight Per Cent Interest
in currency. and are OF equal sonvenienee as Il per
manent or temporary investment.
It Is believed that no securities offer 50 great in
to lenders as the variaus descriptions Of
U. 5. Bonds. In all other forms OF Indebtedness.
the faith or ability of private parties or stock con-
panies or separate communities only is pledged for
payment, while for the debt of the United State-
the whole property of the country is holden TO Sc
cure the payment of both principal and interes, in
coin.
These Bonds may be subscribed for in sums from
~ up to any magnitude. on the same terms, aud
are thus made equally available to the smallest
leader and the largest capitalist. They can be con-
Verted into money a: am moment. and the holder
will have the benefit of the interest.
Ii may be useful 20 state ia this connection that
the total Funded Debt IF the United States On
which interest is payable in gold, on the 81 day Of
March, 1864. was S76s. e65. %. The interest on this
debt for the coming fiscal year will be 81, 957.l ID
while the customs revenue in gold for the current
fiscal year, ending June SOth. lS5l, has been so far
at tbs rate Of over Sl0a,UOO.0OO per snnuIn.
1t will be seen that even the present gold rev.
enues of the Government are largely in excess Of
the 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 amount Of imrortatious. to SljU. % 900
per anIum.
Instructions to the National Banks asting a, loan
agents we're not issued from the Uuiied State Treas
ury until March ri, but it, The first three weeks If
April the subscriptions averaged more than TEN
MILLIONS A
subscriptions will he received by The
First National Bank of Cincinnati, a..
Third National Bank of Cincinnati, O.
Fourth National Bank of Cincinnati %.
First National Bank of Cleveland, @.
Second National Bank of cleveland, o.
AND By ALL NATIONAL BANKS
which are depositaries of Public money. and all
RESPECTABLE BANKS AND BANKERS
throughout the country. (%acting as agents Of the
National Depository Banks.) will furnish further
information on application and
AFFORD EVERY FACILITY To SUBSCRIBERS.
May ll.r-2m