American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-05-11
u. s. 1910 Bonds.

These Bonds issued under the Act Of Congress Of
March sth 1854 which provides that all issued
der this Act shah be EXEMPT FROM TAXATION by or
under any state municipal authority Subscriptions
to these Bonds received in United States
notes Of National Banks They TO BE REDEEMED
IN COIN the pleasure of the Government at any
rod not less than ten than forty years from their
date, and until their redemption FIVE PER CENT. IN
TERRsT WILL BE PAID IN COIN, on Bonds Of not
over one hundred dollars annually and other Bonds
semannually The interest is payable the first days
of March and September in each year,
Subscribers Will receive either Registered or Coupon
Bonds as they may prefer Registered Bonds record
ed on the books Of the s. Treasurer and be trans
felred only on the owners order. Coupon Bonds are
payable to bearer and are convenient for
cial uses.
Subscribers to this loan will have the option Of having
their Bonds draw interest from March lst by paying the
accrued interest in cointor in United States notes or
the notes Of National Banks, adding fifty per cent for
prcmlum) Or receive them drawing interest from the
date Of subscription and deposit As these Bonds are
Erempt fro,r Municipai or State Taration,
their yalueis increased from one three per
num- according to the rate Of tax eves in various parts Of
the country.
At the present rate Of premium on gold they pay
over Eight Per Cent Interest
in currency and are Of equal convenience as perma
nent or temporary investment.
It's believed that no securities offer great induce
ments to lenders the varo descriptions ofU s. Bonds
In all other forms Of Indebtedness the faith or ability Of
private parties or stock companies separate commun
ties only pledged for 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 in
terest in coin
These Bonds may be subscribed for In sums from $50
D to any magnitude on the terms, and are thus
made equally available to the smallest lender and the
largest capitalist They be converted 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 which inter
est is payable in gold the Sd day of March, 1854 was
s7Gs 600 The interest this debt for the coming
neal year will be si5 937 l26 while the customs revenue
in gold for the fiscal year ending June Both, 1854
has been so far at rate Of slOoooOooopcr onnum
1t will be seen that the present gold revenues of
the Government largely in Of the wants Of the
Treasurer for the payment Of gold interest," while the re-
cent increase Of the tariff will doubtless raise the annual
receipts from customs the amount Of importa-
...-- ,,.N o,o onn 80,
Instructions to the National Banks acting loan agents
we're not issued from the United State Treasury until
March 20 but in the first three weeks Of April the sub
scrptlons 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 nil National Banks
which are depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throug the country actng agents Of tho Nation
al Dcposltory Banls viii furnish further information on
application aud
AFFORD EVERY FACILITY TO SUBSCRIBERS.