Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1864-07-01
9Gw advertisements.
It. s. 1910 BONDS.

THESE Bonds issued under the Act of Congress Of
March Sth 1864 which provides that all Bonds issued
| under this Act shall be EXEMPT FROM TAXATION by
under any municipal authority Subscriptions
to these Bonds received United States notes of Ma
| tional Banks. They are TO BE REDEEMED IN COIN,
at the pleasure of the Government any period not lees
aa an forty years from their date and un-
til their edempton Five Per Cent Interest will be
Paid in Coin, Bonds of not over one hundred dol
lars annually The interest is payable the first days
March and September in each year
Subscribers viii receive either Registered or Coupon
Bonds, as they may prefer Registered Bonds are re-
corded on the Books of The Z. s. Treasurer be
transferred only the owners order. Coupon Bonds
are payable to order and are convenient for com
mercial uses.
Subscribers to thisloan viii have the option of having
their Bonds draw interest from March Is by paying the
accrued interest in eonor in United States notes. or
the notes Of National Banks adding fifty per cent for pre-
mium 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
num- according the rate Of leyes in various
| the country
At the present rate Of premium on gold they pay
OVER EIGHT PER CENT. INTEREST
in currency, and of equal convenience as permanent
and temporary investment.
1t is believed that securities offer so great induce
mens to lenders the various descriptions Of U. s
Bonds In all other forms of Indebtedness the faith and
ability of private parties stock companies or separate
communities only pledged for payment while for the
debts of the United States the whole property of the
try is holden to secure the payment of both principle and
interest in coin.
These Bonds may be subscribed for in sums from $50
up to any magnitude the terms, and are thus
made equally available to tho smallest lender and the
largest capitalist They be converted into money at
any moment and the holder win have this benefit of the
interest.
Itmay bousefu to state in this connection that the to-
tai Funded debt of the United States on which iuterest
payable in gOld the Sd day ofMarch 1864 was s7es
975O0O The interest this debt for the coming fiscal
year will be 12e, while the customs revenue in gold
for the current fiscal year ending June 3h 1854 has been
so far at the rate ofoyer 800 600 900 per annum
viii be seen that 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 re-
cent increase Of the tariff win doubtless the annual
receipts from customs the of importa-
tiOns, to $3.50, ,OoU, 600 per annum.
Instructions to the National Banks acting loan agents
were not issued from the United States Treasury until
March 26, but the first three weeks Of April the sub
scriptions averaged more than Ten Millions Week.
Subscriptions viii be received by
All National banks
which are depositarics of Public money, and all
RESPECTABLE BANKS AND RANGERS
throughout the country actng agents of the National
Depository Banks will furnish further information on
application and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
May Is, IS64-4m.
w anted.
E00 CORDS CHE6TEUT.oAK BARK.
OOV fR@yfW a fREauerfR