The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-04-21
vnitea state. 10 10 Bonds.

unitra States 1910 Bonds.
bonds issued oOnsrcsspf March
1874 provides that Ia Aeu OF 40 much Of h loan
authorized by Abe act Of 8 1865 which this Ia APP
Elementary Secretary tho Treasury authorized %
borrow from .ns 10 time the credit Of the United
States. not exceeding Two Hundred Million DOArs da.
ring the ourrens fiscal year. to prepare and issue
therefor Coupon and Registered Bonds o. tho United
States; and ali bonds issued this act shall be
from taratsJ by any municipal
authority.
Subscriptions thsso bonds received In United States
notes Of NATIONAL banks They be redeemed
coin al the pleasure or any period not
less than than forty years from their
until their redemption per cent interest will be paid In
con on bonds Of no. over ono hundred doArs anuuay
aud on all other bonds somi annually.
The interest payable the days OF March ana Sep
tcmber year. The coupons are payable
at those dates ana thu the fifty and
hundred dollar bonds payable en- the LIST OF March.
Subscribers win receive ress,sed or coupon bonds
they may prefer Registered bonds reoodsred the
books OF the United States treasurer ana can DO trans
fered only on the owners order Coupon bonds arc pay
able to bearer and arc more convenient Tor somusrA
Registered bonds win be Of tho denominations OF
City dollars tsso. hundred dollars esico nve hun.
ded dollars ssSoo ono occ ave thou.
dollars ($soOo and thousand dollars fsloooo
and coupon bonds OF the denominations OF nfty dollars
ESQ.,. hundred dollars fsloo, Eve hundred dollars
f5oo), and one thousand dolIars (si,OOO,.
Subscribers this loan VIII have the option OF having
herbonds draw inercs. from March l. by paying the
crued interest conlor in United States notes. tho
notes of national BANKS adding nifty per for premium
or receive them drawing interest date Of subscrp
ton and deposit.
A thes6 bonds arc exempt from municipal or State
taxation their value is Increased three per
sent per aunum according to the rate Of leves
rious parts OF the country.
At the present rate OF premium gold they pay owes
eight per cent interest currency equal
nience as permanent temporary Investment
is believed that no securities great inducements
to lenders as the various descriptions Of United States
bonds In all other forms Of indebtedness the faith
ability Of private parties stock companies separate
communities only is pledged FOR payment. while for the
debts Of the United States the property Of the country
is holden to secure the payment both principal aud ius
rest In coin.
These bonds may he subscribed for In from go up
70 any magnitude on terms and thus made
equally available to the lender and the largest ca
palls. They can be converted money moment
and the holder will have the bench. Of the interest.
The fact that all duties imports arc payable In specie
furnishes fund for like payment Of interest oil govern
en-. bonds largely 10 excess the wants Of tho Treasury
for this purpose
Upon the recer. os subscriptions certificate Of deposit
therefor In duplicate Will be issued the original Of which
viii 30 Forwarded by subscriber TO the Secretary Of the
Treasury, at w.shlat.op, wiz letter stating mo kind
tresssred ceupon) and hs denominations Of e'ads !"
| qutrcd
Upon the recep, Of he original certificates At the Trss-
soxy psp.rmeu, the bonds subscribed for will BE- transmit
ted to the subscribers respectively.
Subscriptions vii, bs received By the Treasurer Of the
United States Washington. and ths Assistant treasurer
=. New York. Boston and Philadelphia. and By the
Firs. National Bank Of New York, No. Wall street.
Second National Bank ofNsw Ysrk. 23d st. and Broadway