Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-07-22
u. s. lO-4O BONDS,

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These Bonds are issued under the Act of Con
gress of March 9Th, 1864, which provides that in
lieu of SO much of the loan authorized by the
Act of March Sd, 1868, to which this is supple.
mentary, the Secretary of the Treasury is au-
thorzed to borrow from time to time, on the
credit of the United States, not exceeding TWO
HUNDRED MILLION DOLLARS during 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 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 or more than forty years from their
date and until their redemption FIVE PER
CENT. INTEREST WILL BE PAID IN COIN,
on Bonds of not over one hundred dollars annu-
ally, and on all other Bonds semi-annually.
The interest is payable on the first days of
March and September in each year. The semi
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
Coupon 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.
Subscribers to this loan will have the option
of having their Bonds draw interest from March
LIST, 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
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 one
to three per cent. per annum, according to the
rate of tax leves in various parts of the coun-
try.
At the present rate of premium on gold they
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are of equal convenience as permanent or tenn
porary investment.
1t is believed no securities offer so great in
lucements to dealers as the various descriptions
Of U. S. Bonds. In all other forms of indebted |
ness, the faith or ability of private parties or
tock companies or separate communities only !
s pledged for payment, while for the debts of
he United States the whole property of the
country is holden to secure the payment of both
principal and interest in coin
These Bonds may be subscribed for in sums
rom $50 up to any magnitude, on the same
erms, and are thus made equally available to
he smallest lender and the largest capitalist
They can be converted into money at any mo-
nent and the holder will have the benefit of the !
interest
Upon the receipt of subscriptions a certificate
If deposit therefor, in duplicate, will be issued,
he original of which will be forwarded by the |
to the Secretary of the Treasury, at
with a letter stating the kind
registered or coupon and the denominations
If bonds required.
Upon the receipt of the original certificates at
he Treasury Department, the bonds subscribed |
or will be transmitted to the subscribers respec-
lively.
Subscriptions will be received by the Treas,a-
r Of tie United States at Washington, and the
assistant Treasto'ers at New York, Boston, and
and by the
First National Bank of Bennington VT.
First National Bank of North Bennington Vt.
First National Bank of Albany n. Y.
md by all National Bank which are depositaries
If public money. All respectable banks and
,ankers throughout the country will furnish
urther information on application, and afford
very facility to subscribers.