The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1864-05-06
j. 5. 1910 B0HDS.

W ~ ~ OVNUV,
'hese Donos are Issued under the Act OF Congress-
OF March sth, 1864, which provides that in len Of
so much of the loan authorized by the Act of
March Sd, 1868, to which this is supplementary the
secretary Of the Treasury is authorized to borrow
from time to time, on the credit of the United
States, not exceeding TWO HUNDRED MILLION
DOLLARS during the current fiscal wear ard ~
prepare and issue therefor Coupon and Registered
Bonds OF the United States; and all Bonds issued
under this Act shall be EXEMPT FROM TAyA-
lion by or under any State or municipal an
thority Subscriptions to these Bonds are received
in United States notes or notes of National Ra,ks
They are TO BE REDEEMED IN COIN If tha
pleasure Of the Government at any period M, L,s,
than ten nor more than forty gears from their date
and until their redemption FIVE PER CENT. IN
TEREST WILL BE PAID IN COIN, on Bond, 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 September in each year. The semi-annua
Coupons are payable at those dates and the an-
nua Coupons on the 50 and 100 dollar Bonds arc
payable ON the first Of March
Subscribers will receive either REGISTERED or Coz!
pom Bonds as they may prefer. Registered Bends
are recorded on the books of the l. S Treasurer
and can be transferred only On the owners order
Coupon Bonds are payable to bearer, and are more
convenient for commercial uses
Registered Bonds will be issued OF the deaomi-
nations OF Fifty Dollars ts5oJ One Hundred Dollars
$780,, Five Hundred Dollars ts50Gl One Thousand
Dollars $1,000, Five Thousand Dollars t5 00O], and
Ten I thousand Dollars ta1a ooCl; and Coupon Bonds
OF the demonstrations of Fifty Dollars $500, One
Hundred Dollars tf;oG! Five Hundred Dollars
's5oY and one Thousand Dollars Isl OCe,
Subscribers 10 This loan will have the option Of
having their Bonds draw interest from March lat
By payi the accrued interest in coin-cor IA
United States notes, or the notes OF National
Banks adding fifty per cent for premium. l-Or re-
ceive them drawing interest from tire date of sub.
seription and deposit.
AS these Bonds exempt from, municipal or
State taxation their yalne IS increased from one to
three per cent per annunl, according to the rate
of tax lcvies in various parts OF the country
AZ the present rate OF premium on gold they p2y
eight per cent interest in currency, and are
of equal convenience permanent o, temporary
investment
1t is believed that no securities offer go great
inducements to lenders the various descriptions
of U. S Bonds In all other forms of indebtedness
the faith abb ty Of private parties or stock COM
panies separate communities only is pledged for
payment, while for the debts of the United States
the whole property of the country is holden to Sc,
cure the payment of both principal and interest
n coin.
These Boz DIS may be subscribed fo- in SUMS
from $50 up to any magnitude, on the same TERMS
ard are thus made equally available to the small
est lender and tie largcsr capitalist They can be
converted into money at any moment, and the
holder will have the benefit OF the interest.
The fact that all duties on imports are payable
in specie furnishes a fund for like payment of i'll
terest on all Government Bouds largely in excess
of the wants Of the Treasury for this purpose
Upon the receipt of subscriptions certificate of
deposit therefor, in duplicate, will be issued, tie
original of which will be forwarded by the sub
scriber to the Secretary of the Treasury, at Wash
ington with letter stating the kind Registered
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 respectively
Subscriptions will be received by the Treasurer of
the United Suites at Washington and the Assistant
Treasuers at New York, Boston and Philadelphia,
and by the FIRST NATIONAL BANK OF ST. PAUL,
Mimi First National Bank of Chicago, ILL., Sec
ond National Bank of Chicago I'll. Third Ma.
tonal Bank of Chicago, H.; First National Bank
OF Milwaukee, Wis. and by all National Banks
which are depostaries of public money. All re-
spectacle banks ard bankers throughout the coun-
try will furnish information on application, and
afford every facility 10 subscribers
Nov