Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1864-06-29
|. \. 1910 BONDS,

FFHESE Bonds are issued under the Act Of Congress
L of March sth, 1864 which provides that all Bonds
issued under this Act shall be EXEMPT FROM TAX-
ALTON by or under any state municipal authority
Subscriptions these Bonds are received in United
States notes notes of National Banks They are
TO BE REDEEMED IN COIN. at the pleasure of
the Governments any period not less than ten nor
more than forty gears from their date and until their
redemption FIVE PER CENT. INTEREST WILL
BE PAID IN COIN, on Bonds of not over one hun
dred dollars annually and all other Bonds semi
annually The interest Is payable on the first Iays 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 T. S Treasurer and
can be transferred only on the owners order. Cou-
pom Bonds are payable to bearer and are more con-
venient for commercial uses.
Subscribers TO tins loan will have the option of hay
ing their Bonds draw interest from March 1st by
paying the accrued interest in coin-lor in United
States notes. the of National Banks adding
fifty per cent. for premium) or receive them drawing
interest from the date of subscription and deposite
As these Bonds
EXemp frpm Municipal or State Taxation.
their value increased from one to three per cent
per annum, according the rate of tax Ieyes in va
rious parts of the country.
AT the present rate of premium OF gold they paw
Over Eight Per Cent Interest
in currency, and are of equal convenience as per
manent or temporary investment.
1t believed that securities offer so great induce
ments to lenders the various descriptions of L. S
Bonds In all other forms of Indebtedness the faith
or ability of private parties or stock companies OF
separate communities only is pledged for payment
while for the debts of the United States the whole
property of the country is holden to secure the pay
ment of both principal and interest in coin.
These Bonds may be subscribed for in sums from
$50 up to any magnitude, on the terms and are
thus made equally available to the smallest lender
and the largest capitalist. They can be converted
into money 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 in
eIest Is payaple IN gold the Sd day of March, 1864
was S56S965,0OO. The interest on this debt for the
coming fiscal year will be s45937 I26 while the Gus
toms revenue in gold for the current fiscal year.
ending June SOth 1854 has been so far at the rate of
over sl0Oo0O,OoO, per annum.
1t will be seen that even the present gold revenues
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 will doubtIess
raise the annual receipts from customs on the same
amount OF lmportations, to Sl5OOOOOOO per annum.
Instructions to the National Banks acting as loan
agents were not issued from the United States Treas
ury until March 26, but in the first three weeks If
April the subscriptions averaged 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
AND BY ALL OTHER BANKS
which are depositares of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acng agents of the Ma
honal Depositary Banks) will furnish further infor-
nation on application and
AFFORD EVERY FACILITY TO SUBSCRIBERS
May 1. lS6+2no