Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1864-07-13
u. s, l0-4O BONDS (!

These Bonds are issued under the Act of Con-
gress of March 9th, 1864, which provides that all
Bonds issued under this act shall be exempt from
taxation by or under any state or municipal au.
thority. Subscriptions to these bonds are re-
ceived in United States notes or notes of Nation
al Banks. They are TO BE REDEEMED IN COIN
at the pleasure of the government, at any period
not less than ten nor more 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 dollars annually, and on
all other bonds semi-annually. The interest is
| payable on the first days of March and Scptem-
Der in each year.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the books of the U. 8.
Treasurer, and can be transferred only on the own.
er's order. Coupon bonds are payable to bearer
and are more convenient 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 coin-(or
in United Safes notes, or the notes of National
Banks, adding fifty per cent for PREMIUM or re-
ceiye them drawing interest from the date of sub
scription and deposit. As the Bonds are
Exempt from Municipal or State Taru.
tson,
their value Is increased from one to three pei
cent. per annum, according to the rate of ia,
levies in various parts of the country.
At the present rate of premium on gold they
; pay OVER EIGHT PER CENT INTEREST i.
currency, and are of equal convenience as per
manent or temporary investment
, 1t is believed that no securities offer 30 grea
inducements to lenders as the various descrip
tons of U. s. Bonds. In all other forms of in
debtedness' the faith or ability of private partie
or stock companies or separate communities onl,
is pleged for payment, while for the debts of tn
United States the whole property of the countr
is holden to secure the payment of both princi
. pal and interest in coin
r These Bonds may be subscribed for in sum
from $50 up to any magnitude, on the same term
i and are thus made equally available to the small
: est lender and the largest capitalist They cal
be converted into money at any moment. and tn
! holder will have the benefit of interest.
!. 1T may be useful to state in this CONNECTION
t that the total Funded Debt Of the United State
on which interest is payable in gold, on the 8
, day of March 1864, was S76s, 9G5 900. The in
l. terest on this debt for the coming fiscal year vii
u be S45 ,931, 1875, while the customs revenue /
gold for the current fiscal year, ending June got
has been so far at the rate Of over 500, 900 90
L per annum.
Il 1t will be cn'that even the present gold re,
l., enues of the Government are largely in excess
the wants of the treasurer for the payment G
l. gold interest, while the recent increase of til
tariff will doubtless raise the annual receipts froI
customs on the same amount Of importations, t
$50 900 900 per annum.
. Instructions to the National Banks acting q
g loan agents were not issued from the Unite
/ States Treasury Until March 2Gth but In the frs
> three weeks of April the subscriptions average
a more than tep millions week.
l Subscriptions will be received by all
o NATIONAL BANKS
c which are depositaries Of public money and a
II respectable banks and bankers throughout tn
/ country, (acting as agents Of the National D.
Is positary Banksl will furnish further informatio
on application and AFFORD EvEEY FACILITY I
| mn