The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-06-24
u. S. 1910 BONDS,

These Bonds are issued under the Act Of Con.
gress OF March sth 1864, which provides that all
Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or urfhor any state or
municipal authority. Subscriptions to these
Bonds ure 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 han ten NOR
more than forty years from their. date, and until
their redemption FIVE PER CENT. INTER
EST WILL BE PAID IN COIN, on Bonds of
not over one hundred dollars annually ard Ion all
other Bonds semi. annually. The interest is pay
able on the frs, day Of March and September In
each year.
Subscribers will receive either Registered or
Coupon Beuds, as they may prefer. Registered
Bonds are recorded on tho books Of tho U. s.
Treasury, and can be transferred only on tho
owners order. Coupon Bonds are payable ts
bearer, aud are more convenient for commercial
uses.
Subscribers to this loan will have the option
Of having their Bonds draw interest from Match
lst, by paying the accrued Interest in coin-(or
in United States notes, or the notes Of National
Banks, adding fifty per cent. for premium or re-
| ceive them drawing interest from the date Of
subscription and deposit. As these Bonds are
Exempt from Municipal or State Taxation,
their vuluo is increased from one 10 three per
cent. per annum. according to the rate Of levies
in various parts Of the country.
At the presentrate of premium on gold they pay
Over Eight Per Cent. Interest
in currency, and are Of equal convenience as
permapent or temporary investment.
1t is believed that no securities offer 20 great
inducements TO lenders. as tho various descrip.
tions of U. S. Bonds. In oil other forms Of in.
debtedness, the faith or ability of private par.
tiee or stock companies or separate communi-
ties only is pledged for pay meni while for the in
debedness of the United States the whole prop
crty Of the country is holden TO secure the pay.
ment of both principal und interest in coin
These Bonds may be subscribed for in sums
rom $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 into money at any mo.
ment, and the holder Will have the benefit of the
in terest.
Nmay be useful to state in this connection,
thu, the total Funded Debt OF the United States,
on which in terest is payable in gold, on the Sd
day of March, 1864, was S76s ,965 900. The inter.
est on this debt for the coming fiscal yenr will be
Si5 ,937 l26, while tho customs revenue in gold
for Tho current fiscal year, ending June soth,
1864, has been, so far OF the rate OF over $lOO,.
GOO, 900 per annum.
twill be seen that even the present gold rev..
enucs Of the Government are largely in excess
ofthe wants of the Treasury for the ayment Of
gold interest, while the recent increase of tho
tariff will doubtless ralse the annual receipts
from customs on the same amount Of .imporIa-
tions, to $3.50 ,eCO, goo per nnnum. .
Instructions to the National Banks acting as
loan agents were not issued from the u. States
Treasury until Max ch 26; but in the FIRST thre
weeks0f April the subscriptions averaged more
than TEN MILLIONS A WEEK.