The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-06-29
q. s. IO.4O Bonds

These Bonds are issued under the ACT OF
Congress of March 9Th, 1854. which provlaes
that all Bonds issued under this Act shall oe
EXEMPT FROM TAXATION by or under any
sta a 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 foT LESS
THAN ten NOR MoKK THAN FORTY YEARS from
their date. and until their redemption FIVE
PER CENT. INTEREST WILL BE PAID in
COIN, on bonds of not over one hundred dol |
lars annually and sl other Bonds semi
annually. The interest is payable on the |
first days of March and September in each |
year.
Subscribers will receive either Registered r
Coupon Bonds, as they may prefer. Register
ed Bonds are recorded on the books of the
u. S. Trea: urer. and can lie transferred only
on the owners order. Coupon Bonds are
payable to bearer, end are more convenient
for CONNIE rcial uses.
Subscribers to this loan will have the option
OF having their Bonds draw interest from
March lst, by paying the accrued interest in
coip-(or in United States notes, or the notes
of National Banks, adding fifty per cent. for
preuium,) or receive them drawing interest
from the date of subscription and deposit.
AS these Bonds are
IEXEMPT FROM MUNICIPAL OR
STATE TAXATION,
| their value is increased from one to three per
cent. per anpum, according to the rate of tax
levies in various parts of the country.
At the present rate of premium on gold they
pay
lover EIGHT PER CENT INTER.
in currency, and are Of equal convenience as
permanent or temporary investment.
1t is believed that no securities offer so
great inducements so lenders the various
descriptions of U. S. Bonds. In all other
forms of Indebtedness, the faith or ability of
private parties or stock companies separate
cemmunit es only is pledged fol payment,
while for the debts of the United States the
whole property of the country is holden to
secure the payment of both principal and
interest in coin
These Bonds may be subscribed for in suEs
from $50 up to any magnitude, on the same
terms, and are thus ma ade equally available to
ne smallest lender aud the largest capitalist
They can be converted into money at any mo-
iDlent, and the holder will have the benefit OF
the inte est.
1t may be useful to state in this connection
hat the tota, Funded Debt of the United
States ON which interest is payable in gold
on the Sd day of March, 1864. was $76s, $685.
600. The interest on this debt for the COM
ing fiscal year will be S4S, 1851, ,l26, while :he
customs revenue in gold for the current fiscal
year. ending June 3O.h, 1864, has been faI
at the rate of over slOo, ,O00,oee per annum
1t will be that even the present gold
revenues Of the Govemruent 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 re-
Iceipts from customs ON the same amount oi
Iimportstions, to $50. .eoe90o per annum.
| l0strucJlOnS TO the NaLlOndl bdDRS dcIlug
as loan agents were not issued from the Uni
tied States Treasury until March 26, but in
the first three weeks of April the subscriptions
averaged more than TEN MILLIONS A WEEK.
Subscriptions win be received by the
First National Bank Of Cincinnati. O.
Third National Bank of Cincinnati, O.
Fourth National Bank of Cincinnati. O.
First National Bank of Cleveland, O.
Second Nation al Bank Of Cleveland, O
And by All National Banks
which are depositaries of Public money, and
all
RESPECTABLE BANKS AND
BANKERS
throughout the country, (actiug agents G