Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-06-16
u. S. 1910 Bonds.

u. s.. lU-1O ROnGS.
These Bonds are issued under the Act of
Congress of March Sth, 1861, which provides
that all Bonds issued under this act shall be
EXEMPT FROM TAXATION by or under
any state or municipal authority. Subscrip-
lions to these Beads are received in United
State. notes or notes of National 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 y.ars from
their date, and until their redemption EVE
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 tie
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 T. 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 1st, by paying the accrued interest in
coin-(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 subscription and
deposit AS these Bonds are
Exempt from Municipal or State
Taxation,
their value s increased from one to three
per cent. per annum, according to the tax lev
les 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 to lenders as the various descrir-
.~u.4uo Al All otter OF
indebtedness, the faith or ability of private
parties or stock companies or separate COM
munities 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.
These Bonds may be subscribed for in
sums from $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 irs
money at any moment, and the holder will
have the benefit of the interest.
1t may be useful to state in this connection
that the total Funded Deb, of the I, States
On which interest is payable in gold, on the
Sd day Of March, 1864, was S768, ,965, coo.
The interest on this debt for the coming fiscal
year will be s45 5,937,l ,l2G, while the customs
revenue in gold for the current fiscal year.
ending June 3Oth 1864, has been 80 far at the
rate of over 500, ,0O0, 900 per annum
Instructions to the National Banks acting
as loan agents were not issued from the United
States Treasury until March &c, bu. in the
frs: three weeks Of April the subscriptions
averaged more than TEN MILLIONS A
WEEK.
Subscriptions will be received by the
First National Bank cf Janesyille, Wis.
First National Bank of Milwaukee, Wis
First National Bank OF Madison, Wis.
and by all National Banks
which are depositaries of Public money, and
and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (ac,ing as agents of
the National Depositayy Banks will furnish
further information Oh application and
4fiora euery FuciHty to Subscribers.