Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1864-05-13
u. S. lO-4O Bonds.
STATE Com

Tb,e B,uds are issued under the Act Of Congress II
March sh 1854 which provides that IN lieu Of so much
Of the loan authorized by the Act Of March 3D. 1853 TO
hA thi. is supplementary. the Secretary Of the Treas
ur, is authorized to borrow from time time, the
credit Of the United States, not exceeding TWO HUN
DRIED MILLION DOLLARS during the current hscal
year and to prepare and issue therefore Coupon and
Registered Bonds Of the United States and all Bonds
issued under this Act shall be BNKMPT FROM TAN-
ALTON by or under any State municipal authority
Subscriptions to these Bonds recsived in United
State. notes or notes Of National Banks. They TO
BE REDEEMED IN COIN at the pleasure Of the Gov
ernment at any period less than ten nor more than
70, ysays rom their date, and until their redemption
FIVE PER CENT INTEREST WILL BB PAID IN
COIN. on Bonds n hundred d,llars annu-
ally, snd on all other Bonds semi annually
The interest is payable on the first days Of March and
sep,enber ia each year The semi annual Coupons are
payable at those dates and the annual Coupons the
50 AMI 100 dollar Bonds payable the fret day Of
March
Subscribers will receive either Registered or Coupon
Bonds, as they may prefer. Registered Bonds are re-
corded on the books Of the S. Treasurer and can be
transferred only on the owners order. Coupon Bonds
are payable to bearer convenient for com
mercial uses.
Registered Bonds will be issued Of the denominations
OF F,hy Dollars (sfOl, One Hundred Dollars tslool'
Five Hundred Dollars (s5OO)l One thousand Dollars
tsi OOo,. Five Thousand Dollars $4,000, and len
thousand Dollus $4,000 aud Coupon Bonds Of the
denominations OF Fihy Dollars (s5Ol, One Hundred
Dollar. (sOO), Five Hundred Dollars (s5Oo), and Que
thousand Dollars (sl OO0l.
Subscriber, to this loan viii have the option Of having
their Bonds draw interest from March ls,, by paying the
.eerued interest u eoin( in United States notes. or
the notes Of Nato al Banks adding so per cent To- pre-
mium) or receive them drawing interest from the date Of
subscription aud deposit
A. these Bonds 'mpt from municipal y State
taxation their value is increased from ono to three yer
cent per aunum according the Of tax levies In
various parts Of the count
At the present uf premium gold heJ pay o'er
eight per cent interest iu currency, and Of equs
convenience As permanent temporary investment
It's believed that no securities offer great ind zee
nents to lenders as the various descriptions Of u :
Bonds In all other forms Of Indebtedness, the faith
ability Of private parties stock companies or sspsrA
communities only is pledged for payment while for tn
debts Of the United states the whole property Of tn
country is holden the payment Of both prineipa
and interest in coin.
These Bonds may be subscribed for in sums hom 50
up 10 any magnitude on the same terms, and are thu
made available to the smalle' er der and the iars''
capitAlist. They eau be converted into MONEY at an
moment and the holder will have the benefit Of the ii
teTest
The fact that all duties imports are payable in spec
furnishes fund like paymen, Of interest on all Co
srnment Bonds largely in excess Of the wants Of Il
treasury for this pu pose
Upon the receipt Of subscriptions certificate OF d
posi-, therefor in duplicate, will be issued the origin
Of which viii be forwarded by the subscriber to the se
reary Of the Treasury, Washington with Ale'ter sta
ing the kind (registered cOuPonl aud the denomu
tons Of bonds required
Upon the receipt Of the original certificates at I
Treasury Department. the bonds subscribed for will
transmitted TO the subscribers respectively.
Subscriptions will be received by the Treaswerof
United States at Washington, and the A'sistant Ire
ure,s at New York, Boston, and Philadelphia, and
the first National Bank Of Bennington, VT first
tions Bank Of North Remington Vt, and by all Nau
al Banks which are depostahes Of public money.
respectable banks and bankers throughout the eoun
will furnish information application. and Afford ev
aeiut, 10 subscribers. OS O4,daw