Evening star., 1864-05-16
u. 9. 1910 BONDS.

These Bonds are issued under the Act of Congress
ofMarch sth, 1864, which provides that all Bonds
issued under this Act shall be EXEMPT FROM
TAXATION by or under any State or municipal
authority. Subscriptions to these Bonds are're-
csivee 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 than sAas forty years from their
date, and until their redemption FIVE PER
CENT. INTEREST WILL BE PAID IN COIN.
on Bonds of not over enc hundred dollars annually
and all other Bonds semi annually. The in
tersst is payable on the first days of March and
September in each year.
Subscribers will receive either Registered or
Coupon Bonds. they may prefer. Registered
Bonds recorded the Books of the United
States Treasurer, and can be transferred only on
the owners order. Coupon Bonds-are payable to
bearer, and are more convenient for Commercial
uses.
Subscribers to this loan will have the option of
having their Bonds dra. interest from March lst,
by paying the accrued interest in coin-or in Uni
ted States notes, or the notes Of National Banks,
adding City pei cent. for premium,J or receive
them drawing interest from the date of subscrip-
tion and deposit. AS these Bonds are
EXEMPT FROM MUNICIPAL OR STATE
TAXATION,
their value is increased from one 70 three per
cent. Per annum. according to the rate of tax
leries in various parts of the country.
At the present rate of premium on gold they pay
OVER EIGHT PER CENT. INTEREST 3 .
in currency and are of equal convenience as per
nanent or temporary investment. !
It ia believed that securities offer SO great
IN fhn
tons of U. s. Bonds. In all other forms of in
debtedness the faith or ability of private parties
Or stock companies separate communities only
is pledged for payment while for the debts of the
United States the Whole, It perty of the country
is holden to secure The payr mt Of both principal
and interest in coir. -.
These Bonds may besniscr ibed for in sums from
$50 up to any magnitude, OF the same terms, and
are thus made equally avail able to the smallest I
lender and the largest capitalist They can be
converted into money at any moment, and the
holder v i'll have the benefit of the interest.
1t may be useful to state in this connection that
the total Funded Debt of the United States On
which interest is payable in gold on the 81 day of
March. 1884, was S76s 9550 0O0 The interest on this
debt for the coming fiscal year will be $500 lai,
while the customs revenue in gold for the current
fiscal year, ending Jnne sOth, 1854, has been far
at the rate of over SlOe, coo 900 per annum.
1t will be seen that even the present gold reve-
nues 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
viii doubtless raise the annual reeeipts from Gus
toms on the same amount of importations, to
SI50,C00 600 per annum.
Instructions TO the National Banks acting as
loan agents were not issued until March %, but
the amount of Bonds reported sold at the q. 8.
Treasury sp to May 7,was
S44 ,616,100
Subscriptions will be received by the Treasurer
afthe United States at Washington, and the Assist
ant TIeasve,s at New York, Boston and Philadel
phia, and by the
FIRST NATIONAL BANK OF WASHINGTON,
FIRST NATIONAL BANK OF BALTIMORE.
and By all National Banks which are depos;taries
Of public money, and all respectable banks and
bankers throughout the country factins as agents
of the Natioral Depostary Banks,) win furnish
further Information application, and afford
every facility to subscribers. my9lw