Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-06-24
U. S. 10 40 BONDS

These Bonds are issued under the Act Of Con-
gress of March Sth, 1864, which provides that in
lieu of so much of the loan authorized by the
Act of March 3D., 1863, to which this is supple
mentary, the Secretary of the Treasury is au-
thorized to borrow from time to time, on the
credit of the United States, not exceeding TWO
HUNDRED MILLION DOLLARS during the
current fiscal year. and to prepare and issue
therefor Coupon and Registered Bonds Of the
United States; and 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 in
United States notes or notes Of National Banks.
They are TO BE REDEEMED IN COIN, at the
pleasure of the Government, Mt any period not
less than ten or more than forty gears from their
date, and until their redemption FIVE PER
CENT. INTEREST WILL BE PAID IN COIN,
on Bonds of not over one hundred dollars annu-
ally, and on all other Bonds semi-annually.
The interest is payable on the first days Of
March and September in each year. The semi
annual Couponsare payable at those dates, and
the annual Coupons on the so and 100 dollar
Bonds are payable on the first Of March.
Subscribers will receive either Registered OF
Coupon Bonds, as they may prefer. Registered
Bonds arc 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
i Subscribers to this loan will have the option
Of having their Bonds draw interest from March
LIST, 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 is increased from one
to three per cent. per annum, according to the
rate Of tax leyies in various parts of tbs coun-
try.
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 tenn
porary investment.
1t is believed no securities offer so great in
ducements to dealersas the various descriptions
of T. S. Bonds In all other forms of indebted
ness, 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 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 available to
the smallest lender and the largest capitalist
They can be converted into money at any mo-
ment, and the holder will have the benefit of the
interest
Upon the receipt Of subscriptions a certificate
of deposit therefor in duplicate, viii be issued,
the original of which will be forwarded by the
subscriber to the Secretary of the Treasury, at
Washington, with a letter stating the kind
Registered or coupon) and the denominations
of bonds required.
Upon the receipt of the original certificates at
the Treasury Department, the bonds subscribed
for will be transmitted to the subscribers respec-
lively.
Subscriptions will be received by the TreoSt0-
er Of the United States at Washington, and the
assistant 1reaSmers at New York, Boston, and
Philadelphia, and by the
First National Bank of Bennington Vt.
First National Bank of North Bennington Vt
First National Bank of Albany n Y.
and by all National Bank which aro depositaries
of public money. All respectable banks and
bankers throughout the country will furnish
further information on application, and afford
every facility to subscribers.