Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-08-03
u S. 1910 BONDS,

! These Bonds are issued under the Act oe
congress Il March Sth, 1864, which pro-
! vides that all Bonds issued under tb;s A =.
! shall be EXEMPT FROM TAXATION bv
! or under any state or municipal authority
/ Subscrlptions to these Bonds are received in
t United States notes or notes of National
/ Banks. They are To BE REDEEMED IN
/ COIA, at the pleasure Of the Government,
/ at any period nat tess than ten nor more than
I J0i{y gears from their date, aud until redemp
/ tIon FIVE PER CENT. INTEREST WILL
+ BE PAID IN COIN, on Bonds of not over
one hurdred dollars annually and on all
other Bonds scmi>annuaIly The interest is
payable on the first days Of March and Sep
. teInber III each year.
Subscribers vii! receive either Registered
or Coupon Bonds, as they may prefer. Re-
gsteTed Bonds 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, ana arc more conve>
, llent 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
/ telcst Ia cuin-iOr in United States notes.
or the notes Of National Banks, ad ling ffrtv
per cent. for pYemium.) or receive them
drawing interest from the Gate of subscriD,
/ ton and deposte. AS these Bonds are
ENEMPT FROM MUNICIPALORST STATE
TAXATION,
their value is increased from one to three
per cent. per annun, according to the rate
Of tax ieyies in various parts Of the country.
a; the present rate Of premium on gold
they pay
OVER EIGHT PER CENT. INTEREST
in currency, and are Of equal convenience
as Il permanent OF temporary investment.
1t Is believed that no securities ufftr so
great inducements to lenders as the varcus
descriptions Of L. S. Bonds. In all other
forms Of Indebtedness, the faith OF ability Of
private parties or stock companies or scpa-
rate communities only is pledged for pay
mcut, while for the debts Of the United
states the whole property Of the couut.y Is
pldcn to secure tic payment Of both irii-~
cilral and Interest in coin.
These Bonds may be subscribed for in
sums FROM $50 up t. any magnitu ie, on the
same terms, and are thus made equally
available t. the smallest lender and and
the Target capitalist. They can be con,
verrct into mouey at any moment, and the
holder VII have the benefit Of the interest.
L may he useful t. state in this cauucc
ton tii,tt the total Funded Debt of the United
States on wlIich interest is payable in gold,
on the 81 day Of March, 1864. was S7CS,-
9G5, ,0GO. Tie interest on this debt for tine
coming fiscal year Viii be Si5 9&7 1876,
while the cES,o.ua revenue in gold fJr the
current fiscal year cudiuy June 3"th. 1851,
has teen - far at the rate Of over 100000,
600 million CT annum.
L vii! oo seen that even the present gold
revenues Of tie Government are largely in
excess # the wants Of the Treasury for the
payment "f gold interest, while the recent
increase of the tariff will doubtless raise the
annual receipts from customs on the san-e
amount Of importltuns, to $4,000 600
Fer aruUm.
instructions to the National Banks acting
aS loan agents were not issued from the
United States Treasury until March %, but
III the first three weeks of April tn" sub
scriptjpnS averaged more than TEN MIL
LIONS 4 WEEK.
Subscriptions will be received by the
First National Bank of Pnilade' pha Pa.
second National Bank Of PhIladeldhia. Pa.
Third National Bank Of Philadelphi Pa.
AND BY ALL OTHER NATIONAL
BANKS
which are repositories Of Public money,
and all
RESPECTABLE BANKS &, BANKERS
throughout the country. (actinG as agents Of
the National d positury Banks) will furnish
further infrmatiOu ON application and
AFFORD EVERY FACILITY TO SUB
SCRIBLRS
.Jure, % 1864 IF