The Union. [volume] (Georgetown, Del.) 1863-1866, 1864-05-13
D. s. lQ.ll BONDS.

| These bonds are issusd under the Act OF Congress
Of March 9th, 1884, which provides that all Bondi
issued under this ACT shall be EXEMPT FROM
TAXATION by or undes any state Of nunieipsl
authority. Subscriptions to these Bonds are re.
ceived in United States notes or notes Of National
Banks. They arc TO BE REDEEMED IN COIN
at the pleasure Of the Government, at any period
not tsss than ten nor more than forty yfars from
their date, and until their redemption FIVE PER
CENT. INTEREST WILL BE PAID IN COIN,
or Bonds Of mot over one hundred dollars annu-
ally and on all other Bonds semi-annuslly. The
interest ia payable on the FIRST days of March and
| September in each year.
Subscribers will receive either Registered or Cou-
pom Bonds, as they may prefer Registered Bonds
are recorded on the books Of the o. S. Treasurer,
and can be transferred only IN the ownssx order.
Coupon Bonds are payabis to bearer, and are more
oonYonient for commercial uses.
Subscribers to this loan. will have the option of
having their Bonds draw interest from March LIST,
by paying the accrued interest in ooin--or in Uni
ted States notes, the notos of National Banks,
adding fifty per cent for premium, or receive them
drawing interest from the date of subscription and
deposit Asthese Bonds arc
Erea,ot from Muatcipalor 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.
At the present rate of premium on gold they psy
over Eight Per Cent Interest.
in currency, and of equal convenience as psr-
manent or temporary investment.
1t is believed that no securities offer so great in
ducements to lenders the vacious descriptions of
U. S. Bonds. In all other forms of indebtedness,
the faith or abiltyof private parties or stock COM
panies separate communities only is pledged for
payment, while for the debts Of the United States
the whole property of the country is holden to sec
cure the payment of both principal and interest in
coin.
These Donds 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 the largest capitalist They can be con-
verted into money at any moment, and the holder
will 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 Sd day of
March, 1854, was S76s,965,OOg The interest on
this debt for the coming fiscal year win be Sl5 237
1875 whzle the customs revenue in gold for tue cur
rent fiscal year, ending June 3Oth, 1864 has been
SO far at the rate of 500, 600 per annum.
1t will be seen that even the present geld reve-
nues Of thu Government largely in excess Of the
wants Of the Treasurer for the payment of gold in
terest, while the recent increase of the tariff will
doubtless raise the annual receipts from customs on
the same amount Of iInportations, to $50 COO
per annum.
Instructions TO the National BGnks acting as loan
agents were not issued from the United State Treas
ury until March 20, but in the first three weeks OF
April the subscriptions aycra: ed more than TEN
MILLIONS 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.
First National Bank Of Baltimore, Md.
First Aatln nal Bank of Washington, d. C.
AND by ALL NATIONAL BANKS
which urs depostaries OF Public money and ALI
RESPECTABLE BANKS AND BANkELS
thIossaout the country, (acting as agents Of The
NAti'ha Depository bAnks,) vii. furnish further
IN rnatlon n application anu afford
Every Facility 10 Subscribers.
May IL, loGA.-3m. inside.