American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-06-29

AZ N1H A1"xS Ouxk08z
These Bonds are issued under the Act of Congress Of
March sth 1864 which provides that all Bonds Issued
der this Act shall be EXEMPT FROM TAXATION by or
under any state or municipal authority Subscriptions
to these Bonds are received in United states notes or
notes Of National Bonks. They are TO BE REDEEMED
IN COIN at the pleasure Of the Government at pe
rod not less than ten than forty IRON 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
semannuay The interest is payable on tho first days
of March and September in each year.
Subscribers will receive either Registered or Coupon
Bonds ~ they may prefer Registered Bonds are record
ed on the books the u s. Treasurer and can be trans
f.rred only on the owners order. Coupon Bonds are
payab. to bearer and are more convenient for cemmer
cial uses.
Subscribers to this loan will have the option Of having
their Bonds draw interest from March 1st by paying the
accrued interest in conor in United States notes, or
the notes of National Banks adding fifty per cent for
premium) or receive them drawing interest from tho
date Of subscription and deposit. As these Bonds are
Exempt from Municipal or State Taration,
their value is increased from to three per
num- according the rate Of tax eycs in various parts of
the country.
At the present rate Of premium on gold they pay
over Eight Per Cent Interest
in currency and arc Of equal convenience az psrma-
nent or temporary investment:
tits believed that securities offer so great induce
ments to lenders the various descriptions ofU Bonds
In all other forms Of Indebtedness the faith ability Of
private parties or stock companies separate communi
ties only is pledged for payment while for tho debts Of
the United States the whole property Of the country
holden to secure tho payment Of both principal and In
terest in coin:
These Bonds may be subscribed for in from $50
pto any magnitude, on the torma, and arc thus
made equally available to the smallest lender and tho
largest capitalist They can be converted into money at
any moment and the holder will have the benefit Of the
interest.
1t may be useful state in this connection that the
total Funded Debt of the United states which inter
est is payable in gold on the Sd day Of March, 1861 was
ooO The interest this debt for tho coming
hcaI year wiz be ti 1876 while the customs revenue
in gold for the current fiscal year. ending June Soth 1854
has been so at rate of over sooeooeoo per annum
1t will be seen the present gold revenues Of
the Government largely 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
receints from customs on the amount Of imporia
tions. to si5000o0o0 per annum.
Instructions to the National Banks acting as loan agents
were not Issued from the United State Treasury Hnt
March 26 but in the first three weeks of April the sub
scrptions averaged more than TEN MILLIONS WEEK
Subscriptions will bereceived by the
First National Bank Of Philadelphia Pa
Second National Bank Of Philadelphia, Pa
Third National Bank Of Philadelphia, Pa.
And by all National Banks
which ars deposiiaries Of Public money and all
REsPECrABLE BANKS AND BANKERS
throughout the country tactng agents Of the Nation
al pepositary Bans viii furnish further information
| application and
| AFFORD EVERY FACILITY TO SUBSCRIBERS.