Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1864-06-24
u. S. 1910 BONDS,

These Bonds are issued under tho Act of Congress
OIL March STU 1864, which provides that all Bonds is
sued under this Act shall be EXEMPT FROM TAX.
AIlON Wy or under any state or inunicipal authority
Subscriptions to these Bonds are received in I-ri,ed
States notes or notes Of National Banks They are TO
BE REDEEMED IN COIN, at the pleasure of the
Government at any period not less Than Ten nor more
than forty gears from their date and until their re-
demption FIVE PER CENT. INTEREST WILL RE
PAID IN COIN, one Bonds of not over one hundred
dollars annually and on all other Bonds semi-annual
y. The interest is payable on the first days of March
and September in each year.
Subscribers will receive either Registered or Coupon
Bonds, as they may prefer. Registered Bonds
corded on the books of the T. S. Treasurer, and
be transferred only on the owners order. Coupon
bonds payable to bearer, and more convenient
for commercial uses.
Subscribers to this loan will have the option Of hav-
ing their Bonds draw interest from March ST. by pay
ing the accrued interest in coin-(or in United States
notes. the notes of National Banks adding fifty per
cent premium 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 to three per cent
per annum according to the rate of tax cvies in va
rious parts Of the country.
At the present rate of premium on gold they pay
OVER EIGHT PER CENT INTEREST
in currency, and are of equal convenience us u per-
manent or temporary investment.
1t Is believed that securities offer so great in
ducements to lenders the various descriptions of L.
5. Bonds. In all other forms of indebtedness, 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 pay
ment 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 in
to money at any moment and the holder will have the
benefit OF the interest
1t may be useful to state in this connection that the
total Funded Debt of the United States on which in
tercst is payable in gold on the 3D. day Of March, 1864
was s76S, 900 The interest on this debt for the
coming fiscal yeor will be S45 037 1926 while the Gus
toms in gold for the current fiscal year. end
in5 June 30th, 1864, has been SO far at the rate Of
over Sl0O,00O0oO per annum.
1t will be seen that the present gold revenues
of the Government largely in excess of the wants
of the Treasurer for the payment of gold interest,
wrle the recent increase of the tariff will doubtless
raise the annual receipts from customs on the same
amount of importatous. to $50 600 900 per anuum.
Instructions 70 the National Banks acting as loan
agents not Issued from the United States Treas
ury until March g. but in the first three weeks of
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will be received by all