The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1864-05-20
US. lO-4O BONDS.

aFH
These Bonds are issued under the Act Of
Congress of March 9th, 1864, which provides
that all Bonds issued under this Act shall bw
EXEMPT FROM TAXATION by or under
any state or municipal authority. subscrip-
tions to these Bonds are received in United
States notes or notes of National Banks.
They are TO BE REDEEMED IN COIN, a.
the pleasure of the Government, OF any period
NOT LESS THAN TEN NOR MORE THAN YoRrr
YEARS from their date, and until their re
demption FIVE PER CENT. INTERE ST
WILL DE PAID IN COIN, on Bonds Of not
over one hun lred dollars annually and on all
other Bonds sem-annuaily. The interest 10
payable on the first days Of March and Sep
temher in each year.
Subscribers will receive either Registered
or Coupon Bonds, as they may prefer. Regis
tered Bonds are recorded on the books Of the
u. S Treasurer, apd can be transferred only
on the owners order. Coupon Bonds ars
payable to bearer, and are more convenient
for commercial uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from
March 1st, by paying the accrued interest in
coin (or in United States notes. or the notes
of Notional Banks, adding fifty per per cent.
for premium,) or receive them drawing in
erest from the date Of subscription and de-
posit. As these Bonds are
Exempt from Municipal or State Tax
alton,
their valus is increased from one to three per
cent. per annunl, according to the rate Of tax
evies in various 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 a.
q permanent or temporary investment.
1t is believed that no securities offer 20
great inducements to lenders as the various
descriptions of U. S. Bonds. In all other
forms Of indsbtness, the faith or ability CT
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 payment of both principal and in
terest 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 tho largest
capitalist. They can be converted into money
at any moment, and the holder will have tho
benefit of the interest.
1t may be useful to state in this connection
that the total Funded Debt of the United
States on which interest is payable in gold,
on the Sd of March, 1864, was S76s, ,9s6,Oo
The interest on this debt for the coming fiscal
year will be $45,937, l26, while the Gus oms
revenue in gold for the current fiscal year,
ending June 30th 1864, has been so far at the
rate of over Sloo,ooo0oO per annum.
1t will be seen that even the present gold
revenues of tho Government are largely in
excess of the wants of the Treasury for the
payment Of gold interest, while the recent
increase of the tariff will doubtless raise the
annual receipts from customs on the some
amount of importations, to $3.50, 900 per
annum.
Instructions to the National Banks acting
as loan agents were not issued from the Uni
ted States Treasury until March 26, but in
the first three weeks Of April the subscrfp-
lions averaged more than TEN MILLIONS A
WEEK.
Subscriptions will be received by the
First National Bank Of Sandusky, q.
Second National Bank of Sandusky, q.
First National Bank of Upper sanduskyro 0.
AND BY ALL NATIONAL BANKS
which are dcpositaries Of Public money, and
ALL RESPECTABLE BANKS AND BASKERs
throughout the country, (aeting as agents Of
the National Depositary Banks,) will furnish
further information on application and af-
ford every facility to subscribers.
May IL, 1851. no9-Zm.
era kHllI On