Evening star., 1864-05-10
II. 8. 1910 BONDS.

These Bonds are issued under the Act of Congress
of March 9th. 1854. which provides that all Bonds
issued under this Act shall be EXEMPT FROM
TAXATION BY or under any State er municipal
authority. Subscriptions to these Bonds are re-
ceived in United states notes notes Of National
Banks. They are 70 BB REDEEaED IN COIN,
at the pleasure Of the Government, at any period
net k than ten orsthas forty years from their
date, and until their redemption FIVE PER
CENT. INTEREST WILL BE PAID In COIN,
on Bonds of not over sne hundred dollars annually
and on all other Bonds semi annually. The in
terest is payable on the frst days Of March and
September in each year.
Subscribers will receive either Registered or
Coupon Bonds. a. they may prefer. Registered
Bonds are recorded on the Books Of the United
States Treasurer, and can be transferred only on
the owners 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 drAwinterest from March lat,
by paying the accrued interest in coinior in uni-
ted States notes, or the notes Of National Banks,
adding City per cent. for premium.) or receive
them drawing interest from the date of subscrip-
ton and deposit. As these Bonds are
EXEMPT FROM MUNICIPAL OR STATE
TAXATION.
their value is increased from one to three per
cent. per annum. according to the rate Of tax
levies 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 ss per-
manent or temporary investment.
It is believed that securities offer so great
inducements to lenders ~ the various descrip-
tions of o. 8. Bonds. In all other forms of in
debtedness, the faith or ability of private parties
or stock companies or separate communities only
is pledged for payment while for the debts Of the
United States the whois1s, perty of the country
is holden to secure tie peyH ,nt ofoboth principal
and interest in coin.
These Bonds may besutaef bed for in sums from
$50 up to any magnitude, OF the same terms, and
are thus made squally ssas able to the smallest
lender ana the largest capitalist. They can be
converted into money at any moment, and the
holder y Ill 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 interest is payable in gold On the Sd day of
March 1884, was s76S s5S COO The interest on this
debt for the coming fiscal year will be SIS 9E l25,
while the customs revenue in gold for the current
fiscal year, ending June 3oth 1854. has been far
at the rate of over $l0O, $50 900 per annum.
1t will be seen that even the present gold reye
nues 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 doubtless raise the annual receipts from
toms on the same amount of importations, to
$4,000, 600 per annum.
Instructions to the National Banks acting as
loan agents were not issued until March 2s. but
the amount of Bonds reported sold at the U. s..
Treasury up to May was
S44, 4,6161Oo.
Subscriptions will be received by the Treasurer
Of the Unied States at Washingto and the Assist.
ans T,eas.uers at New'York, Boston and Philadel-
phia. and by the
FIRST NATIONAL BANK OF WASHINGTON,
FIRST NATIONAL BANK OF BALTIMORE,
and by all National Banks which are depositaries
of public money, and all respectable banks and
banker throug ghout the country (acting as agents
of the Nation al Depositary Banks,) will furnish
further information on application, and afford
every facility to subscriber my9-lv