Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-07-06
Dam09nAu AuxD sganrn,gra,e,.
U. S. 1910 BONDS.

These Bonds are issued under the Act of
Congress # March Sth, 1864, which pro-
vides that all Bonds issued under this Act
shall be EXEMPT FROM TAXATION by
or under any state or municipal authority.
Subscriptions to these Bonds are received III
United States notes or notes of Ma iOnal
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 gears from their date. and until red mp
ton FIVE PER CENT. NlEREST 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 the first days Of March and Sep
J TENDER IL each year.
| Subscribers viii receive either Registered
/ or Coupon Bonds, as tAey may prefer. Re
/ gistered Bonds are recorded on the books of
/ the U. S. Treasurer. ard can be transferred
/ only or the owners order. Coupon Bonds
are payable to bearer, and are more conve-
Ilieut 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 coin-(or in United States notes,
or the notes Of National Banks, al linz Fl y
/ per cent. for premium) } or receive them
J
| ton and deposite As these Bonds are
EXEMPT FROM MUNICIPALOR 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.
AZ 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 TEN pUrary investment.
II Is believed that no securities Utfr so
great inducements to 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
mcnt. while for the debts of the United
States the whole property of the county is
holden to secure the payment of both pr!E-~
cipal and interest in coin.
These Bonds may be subscribed for in
sums from. $50 up 10 any ma4njtu e. on the
same terms, and are thus made equally
available T. the, smallest icuder aud and
the largest capitalist. They can be con-
vrrtcd into money at any moment, and the
holder VIII have the benefit of the interest.
II may lie useful to state in this conTec
tion that the total Funded Debt of tnr United
States on which interest is payable in gold.
on the 81 day Of March, 1864. w?s S7G8,-
SOS 900. The interest on this debt for the
coming fiscal year viii be S45 937.I26,
while the customs revenue in gold for the
current fiscal year, ending June Goth 1864
has been s. far at the rate of over 3lG0, 900,
900 million per annum.
1t will oc seen that even the present gold
revenues 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 customs on the sane
amount Of importGtions, to $4,000 900
per anuum.
Instructions to the National Banks acting
loan agents were not issued from the
United States Treasury until March %. but
in the first three weeks of April the sub
SCrptiOus averaged more than TEN MIL
LIONS A WEEK.
Subscriptions viii be received 10y the
First National Bank of PhIlade phia Pa.
Second National Bank Of Phliadrldhia. Pa.
Third National Bank of PHILADELPHIA Pa
AND BY ALL OTHER NATIONAL
BANKS
which are repositories Of Public money,
aud all
RESI- ECTABLE BANKS & BANKERS
throughout the country, (actng as agents Of
the National D. rpositOry Banks) will furnish
further information on application and
AFFORD EVERY FACILITY TO SUB
SCRIBERS.
June %, 1854 If