Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-06-22
U. S. 1910 BONDS.

These Bonds are issued under the Act of
Congress # March Sth, 1864, which pro-
vides 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 received 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 ten nor more than
forty gears from their date, and until redemp
ton FIVE PER CENT. INTEREST WILL
BE PAID IN COIN, Oh 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
tember 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 on the owners order. Coupon Bonds
are payable to bearer, and are more conve>
Ilieut for commercial uses.
Subscribers to this loan will have the op-
ton of having their Bonds draw interest
from March 1st, by paying the accrued in
/ terest in cuin-(Or in United States notes
or the notes Of National Banks, ad ling fifty
! per cent. for premium,) or receive them
. GId"l IillClCSl HUN lIC IdtS VI SuUSCTlD DN
! 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 levies in various parts Of the country.
A. 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 L. S. Bonds In all other
! forms of Indebtedness, the faith or ability Of
! private parties or stock companies or scPa
rate communities only is pledged for pay
ment, while for the debts of the United
! States the whole property of the county is
! holden to secure the payment Of both prL~
! cipal and interest in coin.
These Bonds may be subscribed for i'll
sums from $50 up to any magnitude, on the
same terms, and are thus made equally
available to the, smallest lender and and
the largest capitalist. They can be con-
v"rted into money at any moment, and the
| holder VIII have the benefit Of the interest.
1t may be useful to tate in this conneC
States on which interest is payable in gold,
on the 81 day of March, 1864. w9s $685.
/ 965 900. The interest on this debt for the
coming fiscal year will be S45 937 1876,
while the cus,omS revenue in gold for the
! current fiscal year, ending June 30th. 1864,
! has been s. far at the rate OF over 500, 900,
/ 600 million per annum.
/ 1t will be seen that even the present gold
revenues of the Government are largely III
! excess Of the wants Of the Treasury for the
! payment Of gold interest, while tie recent
increase Of the tariff will doubtless raise the
annual receipts from customs on the same
amount Of importatons, to $4,000, 900
per annum.
Instructions to the National Banks acting
| as loan agents were not issued from tie
| United States Treasury until March %. but
! in the first three weeks of April the sub
! sCriptinns averaged more than Ten MIL
LIONS A WEEK.
Subscriptions will be received by the
First National Bank of Philade phia Pa.
Second National Bank of PhIladellhia Pa.
Third National Bank of Philadelphia. Pa.
AND BY ALL OTHER NATIONAL
BANKS
which are repositories Of Public m oney,
| and all
! RESPECTABLE BANKS & BANKERS
! throughout the country, (acting as agents of
the National d postory Banks will furnish
further information on application and
/ AFFORD EVERY FACILITY TO SUB
SCRIBERS
June %, 1864 If