The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1864-07-15
U. S. 1O-40 BONDS.

These Bonds are issued uhdet the Act Of
Congress Of March 9Th, 1864, which provides
that all Bonds issued under this Act shall be
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 Pc REDEEMED IN COIN, u,
NOT LESS THAN TEN NOR MORE THAN FORTY
xr.ps from, their date, and until their re
d.motion FIVE PER CENT INTEREST
WILL DE PAID IN COIN, on Bonds of not
over one hun .red dollars annually and on nll
other Bonds seni annually. The interest is
payable on the hrst days of March and Sep
em,er 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
US Treasurer, and can be transferred only
on the owners order. Coupon Bonds are
payable to bearer, and are more coavenen
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-(o In United States notes, or the notes
of Notional Banks adding fifty per per cent
FOR premium) or receive them drawing in
terest from the date of subscription and de.
posit. As these Bonds are
Exempt from Municipal or State Tax
alton,
their value is increased from one to three per
cent. per annum, according to the rate Of tax
levies in various parts of the country.
At the present rate of premium on gold
they pay
OVER EIGHT PER CENT INTEREST T
in currency, and are Of equal convenience as
q permanent or temporary investment.
II il believed that no securities offer so
great inducements to lenders as the various
descriptions of U. s. Bouds In all other
forms of indebtness, 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 The largest
capitalist. They can be converted into money
at any moment, and the holder will have the
benefit of the interest. !
It may be useful to state in this connection
that the total Funded Debt of the United '
on the Sd OF Ma Oh, 1864, was S768, o86,00o
The interest on this debt for the coming fiscal
year will be SIS 937, 1876, 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 $lOOooO,Oo0 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 for the c
payment Of gold interest," while the recent u
increase Of the tariff will doubtless raise the n
annual receipts from customs on the same :,
amount of importations, to S150,000,00O per "
annum.
Instructions to the National Banks acting n
rs loan agents were not issued from the Uni -
ted States Treasury until March 26, but in
the first three weeks of April the subscrip-
tions averaged more than TEN MILLIONS A
WEEK. Z
Subscriptions will be received by the
FIRST National Bank of sandusky, o. p
Second National Bank of sandusky, o.
First National Bank Of Upper Sandusky, o. !