Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-07-20
u. S. 1910 BONDS,


These Bonds are issued under the Ac, of
Congress ,f March Sth, 1864. which pro-
vides that all Bonds issued under this Act
shall be EXEMPT FROM TAXATION bv
under any state or municipal authority |
Subscriptions to these Bonds are received IN !
United States notes or notes of NaiOnal
Banks. They are TO BE REDEEMED IN
COIN, at the pleasure of the Government,
at any period not less than ten nor more than
forty gears from their date, and until redemp
ton 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 Sep
teinber in each year. ..-.
Subscribers will receive either Registered
, or Coupon Bonds, as they may prefer. Re
gistered Bonds are recorded on the books Of
the U. S. Treasurer. and can be transferred
only or the owners order. Coupon Bonds
are payable to bearer. and arc more cOnvc>
r.ient for commercial uses.
Subscribers to this loan will have the Op
/ ton of having their Bonds draw interest
/ from March ist, by paying the accrued in
} terest in coin-(or in United States notes,
/ or the notes # National Banks, ad ling fifty
/ per cent. for premium or receive them
( drawing interest from the date Of subscrip>
ton and deposite. AS these Bonds are
EXEMPT FROM MUNICIPAL OR STATE
TAXATION.
/ their value is increased from one to three
per cent. per annum. according to the rate
Of tax Icvias in various parts Of the country.
Al the present rate Of premium on gold
they pay
! OVER EIGHT PER CENT. INTEREST
in currency, and aye Of equal Convenience
as a permanent or temporary investment.
1t is believed that 10 securities offer so
, great inducements to lenders as the various
descriptions Of L. s. Bonds In all other
forms Of irdcbtc6ness, the faith or ability OF
private parties or stock companies or sepa-
rate communities only is pledged for pay
mcnt, while for the debts Of the United
States the whole property of the country Is
holden to secure the payment OF both priE'
ciral and interest in coin.
These Bonds may be subscribed for in
sums from. $50 up to any magnitude, on the
same terms, and are thus made equally
available to the smallest lender and anc
the largest capitalist. They can be con
vcrte,l into money at any moment, and tn,
holder VIII have the lencft Of the interest
/, may he useful to state in this cOunec
ton that the total Funded Debt of the Unite,
States on which interest is payable in gold
on the 81 day of March, 1864. w7s S768,
( 965. 900. The Interest on this debt for Ia
coming fiscal Year VIII be $45,937 ,l26
while the cus.ons revenue ii gold for tn
current fiscal year endiry June 3Oth, 1864
has tcen : far at the rate OF over 100000
coo million PER annum.
II will o. seen that even the present go!'
revenues of the Government are largely l
excess of the warts Of the Treasury for TN
T payment of gold interest, while the recen
II increase OF the tariff will doubtless raise tn
= .nnu;,l receipts from customs on the sam
@ amount Of importat!ons, TO Sl50,OO0,oU
: per annum.
e Instructions to the National Banks actin
q as loan agents wore not issued from II
r United States Treasury until March 2G, bt
It in the first thrce weeks Of April the sui
r scripiiog,s averaged more than len NIL
: LIONS ! WEEK
' Subscriptions will he received 10y the
r First National Bank Of Phil"de phia. +
l. Second National Bank Of PhladeldhIa, z
# Third National Bank Of Philadelphia. Z
e AND EY ALL OTHER NATlONA
4 BANKS
e which are depOsjtories Of Public none!
" and all
n RESPECTABLE BANKS & BANhEf
At throughout the country. (acting rs agents
le the National d .pository Banks Will iurnl'
Id further information on application aud
i AFFORD EVERY FACILITY 10 SCl
a SCRIBERS.
20 ,TuBc %. 1864 tt