Union County star and Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1859-1864, 1864-05-13
L. S. 1910 BONDS.

u - kD-tU DO.ND,os
YTNHESE Bon ds are i.saed under the Act
L of Congress OF March sth, Is6i, WHICH
provides that al Bonds issued under this
Act shall be EXEMPT FROM TAXATION
by or under any stale or municipal aHihor-
ily. Subscriptions to these Bonds are receiv-
ed in United States NOES or notes of Nation
al Banks. They are TO BE REDEEMED
IN COIN, al the pleasure of the Government,
at any period not less than ten nor more than
forty years from their date, and until their
redemption FIVE PER CENT. INTEREST
WILL BE PAID IN COIN, on Bonds of no,
over one hundred dollars annually and on all
o'her Bonds semi-annually. The interest is
payable on the first days Of March and Sep
tember in each year.
Subscribers will receive either Registered
or Coupon Bonds, as they may prefer. Reg
istered Bonds are recorded on the books Of
the u. ). Treasurer, and can be transferred
only on the owners order. Coupon Bonds
are payable TO bearer, and are more conve.
nienl for commercial uses.
Subscribers 10 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 flom one 10 three per
cent. per annum, according 10 the rate Of TAX
leves 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 equal convenience as
a permanent or temporary investment.
is believed that no securities offer so
great inducements 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 companies or sepa-
rate communities only is pledged for pay
ment, while for the debts Of The 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 from $50 up to any magnitude. on the
same terms, and are thus made equally avail
able 10 The smallest lender and the larges.
capitalist They can be converted into money
at any moment, and the holder will have the
benefit of the interest.
Il may be nseful to state in this connection
that the total Funded Debt of the United
States on which interest is payable in gold.
on the 81 day of March 1854, was $76s, $685.
900. The interest on this debt for the coming
fiscal year will be 5,937, ,l26, while the
customs revenue IN goI,: for the current fiscal
year, ending June 30th, 1864, has been so far
at the rate of over $lco, 600 900 per annum.
1t will be seen that even the present gold
revenues of the Government are largely in
excess Of the wants of the Treasury Cor the
payment Of gold interest, while the recen.
increase of ihe tariff will doubtless raise the
annual receipts from customs on the same
amount of importations, to $3.50 100000 per
annum.
Instructions to the National Banks acting
as loan agents were not issued from the [
United States Treasury until March 26, bur I
N the first three weeks of April the subscrip- /
ions averaged more than TEN MILLIONS A
WEEK.
Subscriptions will be received BY all
NATIONAL BANKS
which are deposilaries of Public money, and