The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-06-02
MISCELLANEOUS.
u. S. 1910 BONDS.

inese Bonds are issued under the Act of Congree
Of March sth. 1854. which provides that in lieu Of
much Of the loan authorized by the Act eff March Sd
1861 to which this is supplementary, the Secretary
the Treasury is authorized to borrow from time I,
time. the credit OF the United States not exceed
ing Two HUsDalD MILLION DOLLARS during tn,
current fiscal year. and to prepare and issue thereto
I Coupon and Registered Bonds the United States
and all Bonds issued under this Act shall be EXEMPT
IRON TAXATION by or under any State or munici
pal authority. Subscriptions 10 these Bonds are re-
ctiyed In United States notes Of National Banks =
They aero DE RBDEEMKD IN CoIE. at the pleas
ure ofthe Government, at any period not less than
ten nor more than forty years from their date and
until their redemption FIVE PEE CENT INTEREST
! WILL BE PAID In COIN, ON Bonds of not over one
hundred dollars annually and all other bonds Sc.
mi-anrually.
The interest is payable on the fret day of March
and September In each year. The semi annual Cou-
pons are payable at those dates, and the annual
Coupons on the 50 and 100 dollar bonds are payable
on the first of March.
Subscribers will receive either Registered or Cou.
pom bonds. as they may prefer. Registered Bonds
are recorded on the books of the U. s. Treasurer,
and can be tranferred only at the owners order
Coupon Bonds are payable to bearer, and are more
convenient for commercial use.
Registered Bonds will be issued of the denomina.
tions Of Fifty Dollars ts5ol. One Hundred Dollars
tsloo), Five Hundred Dollars (500,, One Thousand
Dollars tsi o0o). Five Thousand Dollars ts5 oool and
Ten Thousand Dollars lslo. .OOo); and Coupon Bonds
Of the denominations Of Fifty Dollars (s50,, One
Hundred Dollars lsloo), Five Hundred Dollars
ts5ool. and One Thousand Dollars 81 ,O00).
Subscribers TO this loan will have the option of
having their bonds draw interest from March lst
by paying tie accrued interest In con-or In United
States notes, or the notes ofNatonal Banks, adding
hfty per cent for premium,l or receive them draw.
ing interest from the date of subscription and de.
post.
As these Bends 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 levics In various parts of the country.
At the present rate of premium gold they pay
over eight per cent interest in currency aud are
equal convenience as a permanent or temporary in
vestment.
1t is believed that no securities Offer 80 great in
ducements 10 lenders the various descriptions of
U. 8. Bonds. In all other forms of Indebtedness
the faith or ability Of private parties or stock COM
panes or separate communities only Is pledged for
payment. while for the debso the United States the
whole property of the country 10 holden to secure
the payment or both principal and oterest in coin
The Bonds may be subscribed for in sums from
$50 up to any magnitude, on the same terms, and
are thus made available to the smallest lender and
the largest 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 fund for like payment Of interest
on all Government bonds largely In excess Of the
wants Of the treasury for this purpose.
Upon receipt of subscriptions certificate of de-
post there in duplicate will be issued the origi.
nal OF which viii be forwarded by the subscriber to
the Secretary Of the Treasury, at Washington, with
letter stating the kind Registered or coupon) and
the denominations of bonds required
Upon the receipt of the original certificate at the
Treasury Department. the bonds subscribed for will
be transmitted to the subscribers respectively.
subscriptions wi be received by the Treasurer
Qrthe United States at Washington and the Assist
ant Treasurcrs at New York, Boston and Phiiadel.
ph'a and by the
First National Bank of Portland, Me-,
First National Bank Of Augusta, Me-,
First Ma ional Bank of Bangor, Me-,
First Nations Bank of Bath, Me-
and by all National Banks which depositaries Of
public money. All respectable banks and bankers
throug ghout the country will furnish further infor-
nation on application, and afford every facility to
subscribers. may2odAw2w'