The Xenia sentinel. [volume] (Xenia [Ohio]) 1863-186?, 1864-07-19
U. S. 1O-4O Bonds.

q
The Bonds are issued under the Act Of Com gress
of March 18th. 1861 which provides that all
Bonds issued under this Act shall be EXEMPT
FROM TAXATION BY or under. any state or
municipal authority. Subscriptions 70 these Bonds
are received in United States notes ornotes Of Ma.
tional Banks. They are TO BE REDEEMED NJ
COIN, at the pleasure Of the Government, TO any
period notless than ten nor more than forty years
from date, and until their redemption FIVE PER
CENT. INTEREST WILL BEPAID IN COIN,
on Bonds Of not over one hundred dollars annual
ly and on all other Bonds semi-annually.
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. Registered
Bonds are recorded on the books of the U. S.
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 draw interest from March LIST,
by paying tho accrued interest in eoin--ror in
United States notes, of National Banks, adding
fifty per cents. for premium Treeeive them draw
ing interest from the date Of subscription and de-
osit. As these Bonds are
Exempt from Municipal or State
Taxation,
their value is increased from one to three per cent
per anuum, according to the rate Of tax Ieyies in
vaieOus parts Of the country. <ta
At the present rate of premium on gold they pay
OVER EIGHT PER CENT INTETEsT
in currency, and are Of squal oonvsnience as
permanent or temporary investment.
Il is believed that no securities offer % great in
dueements tOlendors as this description Of U, S.
Bonds. In all other forms of indebtedness, the
faith or ability Of private parties or stock comp
anies or separate communities only is 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 interest
in coin. Sac
These Bonds may be subscribed for in sums
from $50 up to any magnitude, on tho Sane terms,
and are thus made equally available to the small
est lender and the largest capitalist. They can be
converted into money at any moment and the
holder viii 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 81 day Of
March, 1864, was ST6S, ,J65, 900. The interest on
this debt for the coming fiscal year will be g37-
while the customs revenue 10 gold for the current
fiscal year, ending June 39th, 1864, has been so
far at the rate of over sIO0, 100000 per aunum.
It will be seen that even the present gold reven-
ues Oftha Government are largely in excess Of the
wants Of tho Treasury for the payment goldf
interest while the recent increase Of tho tariff
viii doubtless raise the annual receipts from
customs on the same amount of iupOrtatious, to
$3.50 Loco, 900 per anuum.
Instructions to the National Banks acting as
loan agents were not issued from the United States
Treasury until March &c, but in the first three
weeks Of April the Subscriptions averaged mort.
than TEN MILLIONS A WEEK.
Subscriptions viii be received by the
First National Bank Of Cincinnati, 0.
Third National Bank Of Cincinnati, o.
Fourth National Bank Of Cincinnati, 0. --.t
AND BY ALL NATIONAL BANKS
which are depositaries of Public money, and al
RESPECTABLE BANKS AND BANKERS
FhOughout the country, [aeting as agents Of the
National Depositary Banks,l viii furnish futher
information on application and
AFFORD EVERY FACILITY TO -sUBsCB1B
ERS. 5gsst.f