The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1864-05-05
]. S. 10-40 Bonds

u. ~. IU-4U DUIIuO.
These Bonds are issued under the Act Of
Congress of March 9Th 1864. which proVid-
that all Bonds issued under this Act shal
be EXEMPT FROM TAXATION by or
under any state or municipal authority
Subscriptions TO these Bounds are received in
United States notes or notes OF Ma tonal
Banks. They are TO BE REDEEMED IN
COIN, at the pleasure of the Government
at any period not less then ten nor more
than forty years from their date, and until
their redemption FIVE PER CENT. IN
TEREST WILL BE PAID IN COIN, on
Bonds of not over one hundred dollars an
nuallv and 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, as they may prefer. Reg
istered Bonds are recorded on the books of
the U. s. Treasurer, and can be transferred
only on The owners oders. Coupon Bonds
are payable 10 bearer, and aIe more conve-
nent for commercial uses.
Subscribers to this loan will have the op.
ton of having their Bonds draw interest
from March lst, by paying the accrued in
terest 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 supscrp-
ton and deposit. As these Bonds are
Exempt from Municipal or State
Taxation,
their value is increased from one to three
per cent. per anEum, according to the rate
of tax levied in various parts Of the country.
AT the present rate of premium on gold
they pay
Over Eight Per Cent Interest
in currency, and are of equal convenience as
a permanent or temporary investment.
1t is believed that no securities offer so
great inducements to lenders as the various
descriptions of u. s Bonds. In all other
forms of Indebtedness, the faith or ability of
private parties or stock companies or sepa-
rate communities only is pledged for pay
ment, while for the debts of the Uuited
States the whole property Of the country is
holden to secure the payment of both princi-
pal and interest in coin.
These Bonds may be subscribed for in
sums form $50 up to any magnitude, on the
same terms and are thus made equally avail
able to the smallest lender and the largest
capitalist. They can be converted into mo-
ney at any moment, and the holder will have
the benefit Of the interest
1t may be useful to state in this connec-
tion that the total Funded Debt of the Uni
ted States on which interest is payable in
god, on the Sd day of March, 1864, was
$766, ,965,000. The interest on this debt for
the coming fiscal year will be $45. 1897, ,126,
while the customes revenue in gold for the
current fiscal year, ending June 30th, 1864,
has been SO far at the rate of over $780,
100000 per annum.
1t will be seen that even the present gold
revenues of the Government are largely in
excess of the Treasury for the payment of
gold interest, while the recent increase of
the tariff will doubtless raise the annual re-
ceipts from customs on the same amount of
to $l50.000,0 600 per annum.
Instructions to the National Banks acting
as loan agents were not issued from the Uni
ted States Treasury until March 26, but in
The first three weeks of April the subscrp-
tions averaged more than TEN MILLIONSl
A WEEK.
Subscriptions will be received by the
First National Bank of Philadelphia, Pa.
Second National Bank of Philadelphia, Pa.
Third National Bank of Philadelphia, Pa.
AND BY ALL NATIONAL BANKS
which are depositaries of Public money, and
all
BANKS AND BANKERS
throughout the country, (acting as agents of
Lhe National Depository Banks,) will furnish
farther Information on application and
Afford euery Facility to subscribers.
May 5th, l664.--3m.