The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1864-07-21
j. S. 10-40 Bonds.


II. S. 10-40 Bonds
These Bonds are issued under the Act of
Congress- of March 9Th 1864, which provid-
that all Bonds issued under this Act shall
be EXEMPT FROM TAXATION by or
under any state or municipal authority
Subscriptions TO these Bounds are received in
United States notes or notes Of N Natona
Banks They are TO BE REDEEMED IN
COIN, at the pleasure of the Government
at any period not less then ten nor more
than forty years from their date, and until
their redemption FIVE PER CENT IN
TERESr WILL BE PAID IN COIN, on
Bonds of not over one hundred dollars an
nuaIlv and all other Bonds semi-annualy.-
The interest is payable on the first days Of
March and September in each year.
Subscribers will receive either Registered
or Coupon Bonds, as they may prefer. Reg
istered Bonds are recorded on the books Of
the U. s. Treasurer, and can be transferred
only on The owners oders Coupon Bonds
are payable 10 bearer, and aAe more conve
nient for commercial uses.
Subscribers to this loan will have the op-
ton of having their Bonds draw interest
from March lst, by paying the accrued in,
terest in con-(or in United States notes
or the notes of National Banks, adding fifty
per cent. for premium,) or receive them
drawing interest from the date of supscrip-
tion 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 levied 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
a permanent or temporary investment.
1t is believed that no securities offer so
great inducements 10 lenders as the various
descriptions of U. s Bonds In all other
forms of Indebtedness, the faith or ability of
private parties or stock companies or sepa-
rate communities only is pledged for pay
ment, while for the debts of the Uutcd
States the whole property of the country is
holden to secure the payment of both princ-
pal and interest in coin.
These Bonds may be subscribed for in
sums form $50 up to any magnitude, on the
same terms and are thus made equally avail |
able to the smallest lender and the largest
capitalist. They can be converted into mo-
neg at any moment, and the holder will havct
the benefit Of the interest.
1t may be useful to state in this connec-
lion that the total Funded Debt OF the Uni-
ted States on which interest is payable in
god, on the Sd day Of March, 1864, was
S76S, ,965, 900 The interest on this debt Cor
he coming fiscal year will be SIS, ,937, ,12G
while the customes revenue ia gold for he
current fiscal year, ending June Both, 1854,
has been so far at the rate Of over $780,
100000 per annum.
1t will he seen that even the present gold
evenues of the Government are largely in
excess of the Treasury for the payment OF
,old interest, while the recent increase Of
he tariff will doubtless raise the annual re-
.eipts from customs on the same amount OF
to Sl50.000,000 per annum.
Instructions to the National Banks acting
IS loan agents were not Issued from the Uni
ed States Treasury until March 2G, but in
he first three weeks of April the subscrip- +,
ions averaged more than TEN MILLIONS
\ WEEK.
Subscriptions will be received by the
First National Bank of Philadelph phia, Pa
Second National Bank of Philadelphia, Pa.
Third National Bank of Philadelphia, Pa
AND BY ALL NATIONAL BANKS
which are depositaries Of Public money, and
II l
BANKS AND BANKERS ;
throughout the country, (acting as agents OF
he National Depository Banks,) will furnish c
lrther information on application and
Afford eUery Facility 10 Subscribers.
May 5th, 1s64.-3m.
LE.so ENnkH M, S4a.o