Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-05-04
u. 8. 1910 BONDS.

10 No - W nv ~ ~ y - =
These Bonds are issued under the Act Of Congress
Of March sth 1864 which provides that in lieu Of SC
much of the loan authorized by the act Of March Sd
1863 to which this is supplementary. the Secretsr,
of the Treasury is authorized TO borrow from time tt
lime, on the credit Of the United States not exceed
ing TWO HUNDRED MILLION DOLLARS dur
ing the current fiscal year. and to prepare and issue
therefor Coupon and Registered Bonds Of the United
States and all Bonds issued under this Act shall be
EXEMPT FROM TAXATION by or under any
State or municipal authority. Subscriptions to
these Bonds are received in United States notes OF
notes of National Banks. They are TO BE RE-
DEEMED IN COIN, at the pleasure of the Govern
ment. at any period not less than ten nor more than
orty years from their date and until their redemp-
tion FIVE PER CENT. INTEREST WILL BE
PAID IN COIN, on Bonds Of not over one hun
dred dollars annually and all other Bonds semi
annually. .n
Tho interest is payable on the first days Of March
and September in each year. The semi-annual
Coupons are payable at those dates, and the annual
Coupons on the so 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 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 denomina-
tions Of Fifty Dollars (s5O). One Hundred Dollars
(slON, Five Hundred Dollars ts5OO), One Thousand
Dollars ($l OOo. Five Thousand Dollars (s5oOo). and
Ten Thousand Dollars (slO.oOo; and Coupon Bonds
of the denominations of Fifty Dollars ts6o). One
Hundred Dollars (slOO), Five Hundred Dollars Cs5OO
and One Thousand Dollars Isl. .OOO).
Subscribers to this loan will have the option Of
having their Bonds draw interest from March lst by
paying the accrued interest in coin-(or United
States notes. or the notes Of National Banks, adding
fifty per cent for premium,) or receive them draw
ing interest from the date Of subscription and de
posit.
As these Bonds arc exempt from municipal or
State taxation their value is increased from one to
three per cent per annum, according to the rate Of
tax levies in various parts Of the country.
At the present rate of premium on gold they pay
over eight per cent interest in currency and arc Of
equal convenience as permanent or temporary in
vestment
1t is believed that securities offer so great in
ducements to lenders as the various descriptions of
U. S. Bonds In all other forms of indebtedness,
the faith or ability of private parties or stock COM
panies 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 se-
cure the payment of both principal and interest in
coin.
These Bonds may be subscribed for in sums from
$50 up to any magnitude, the samc terms and are
thus made equally 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 the receipt of subscriptions certificate of
deposit therefor in duplicate, will be issued, the
original Of which will be forwarded by the subscri
Der to the Secretary of the Treasury, at Washing
ton, with letter stating the kind Registered
PAM 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
Me United Sdtes at Washington. and the Assistdnt
7redsurers at New York, Boston and Philadelphia,
and by the First National Bank Of Columbus, o.,
and by all National Banks which are depositaries Of
public money. All respectable banks and bankers
throughout the country will furnish further infor-
nation on application, and afford every facility to
subscribers. may2-d&wsw