Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1864-05-25
i. \. lO-4O BONDS.

" 10 lV fU DUlAUDs
1'hEsE Bonds are issued under the Act of Congress
H. Of March Sth 1864, which provides that all Bonds
issued under this Act shall be EXEMPT FROM TAX
ALTON by or under any state or municipal authority.
SUBSCRIPTIONS TO these Bonds are received in United
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
redemption FIVE PER CENT. INTEREST WILL,
BIZ PAID IN COIN, on Bonds of not over one hun
dred dollars annually and on all other Bonds semi
annually The interest is payable on the first DAYS of
March and September in each year.
Subscribers will receive either Registered or Con-
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. Cou
pom Bonds are payable to bearer, and are more con-
venient for commercial uses.
Subscribers this loan will have the option of hay
ing their Bonds draw interest from March 1s. by
paying the accrued interest in coin-or in United
States notes, the notes of National Banks adding
fifty per cent. for premium,) or receive them drawing
interest from the date of subscription and deposte
As these Bonds are
Exenpi from Municipal or State Taxation,
their value increased from one to three per cent
per annum according to the rate of tax evies in va
rious parts of the country.
At the present rate of premium gold they pay
Over Eight Per Cent. Interest
in currency, and of equal convenience as per-
manent or temporary investment.
1t is believed that securities offer great induce
ments to lenders the various descriptions of u s.
Bonds In all other forms of indebtedness the faith
or ability of private parties 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 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 thesame terms, and are
thus made equally available TO the smallest lender
into money at any moment and the holder will have
the beneht of the interest.
1t may be useful to state this connection that the
total Funded Debt of the United States on which in
erest payable in gold, the Sd day Of March, 1861
was S76S,965,0O0. The interest on this debt for the
coming fiscal year will be sl5,937, ,l26 while the Gus
toms revenue in gold for the current fiscal year,
ending June 3oh 1864 has been so far at the rate of
over Sl0O0o0OoO per annurn,
1t will be seen that even the present gold revenues
of the Government largely excess of the wants
of the Treasury for the payment of gold interest
while the recent increase of the tariff viii doubtless
raise the annual receipts from customs on the same
amount OF importations, to sl5O,0OOoO0 per annun.
Instructions to the National Banks acting as loan
agents not issued from the United States Treas
ury until March 26, but in the first three weeks of
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions Will be received by the
First National Bank of Philadelphia, Pa
Second National Bank of Philadelphia, Pa.
Third National Bank of Philadelphia, Pa.
AND By ALL OTHER BANKS
which are depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country (acting as agents of the Ma
tional Depository Banks) will furnish further infor-
nation on application and
AFFORD EVERY FACILITY TO SUBSCRIBERS
May 4, 1s64-2mo