The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1864-05-07
US. 1910 BONDS


March sth 1864 which provides that all Bonds issued
under this Act shall be EXEMPT FROM TAXATION
by or under any State municipal authority Sub
scrpton to these Bonds received in United States
notes or notes Of National Banks. They arc TO Be
REDEEMED IN COIN, at the pleasure Of the Govern.
mont at any period NOT THAN TEN NOR MORE THAN
FORTY from their date and until their redemption
FIVE PER CENT. INTEREST WILL BE PAID IN
COIN, Bonds Of not hundred dollars annually
and on all other Bonds semi-annuay. Tho interest Is
payable on the first days Of March aud September In
each year.
Subscribers will receive either Registered or Coupou
Bonds as they may prefer Registered Bonds are TO-
corded tho books Of the u 7roasur and can 10
transferred only on the owners order Coupon Bonds
pay, BILE to bearer and convenient for commsr
cisl uses.
Subscribers TO this loan will have the option Of having
heir Bonds draw interest from March ls by paying tn.
accrued interest in con-{or in United States notes
or the notes Of National Banks, adding fifty per for
premum) or receive them drawing interest from the
date Of subscription and deposit Az these Bonds arc
Exempt from Municipal or State Taxation
their value is increased from three per cent per
annum according to the rate Of loves in various
parts Of the country.
At tho present rate Of premium on gold they pay
Over Eight Per Cent. Interest
in currency, and of equal as
Or temporary investment.
1t believed that securities offer great induce
ments to lenders as the various descriptions Of US
bonds In all other forms Of indebtedness the faith or
ability Of private parties stock compnne, or separate
communities only is pledged for payment while for the
debts Of the United States the whole property of the
country holden to the payment Of both princi
pal and interest In coin
These Bonds may be ribsd for In sums from $50
up to any magnitude, the same terms and are thus
made equally available the smallest lender and tho
largest capitalist They be converted money Al
any moment aud the holder will have the benefit of the
interest.
1t be useful to state in this connection that the
total Funded Debt Of the United States ON which interest
is payable in sod the Sd day March, 1864 was $685.
9b'ooo The interest this for the coming fiscal
year will bs s45s37 1885, while tho customs revenue in
gold for the current fiscal year, ending June 3Oth 1884,
has been far at the Of over $lOO,OooOOo per
annun.
1t will be that the present gold revenues Of
the Government largely In Of the wants Of
the Treasury for the payment Of gold interest," while tho
recent increase Of the tariff will doubtless raise the
annual pit. from customs the same amount Of
| importations to S5o0O0,0o0 per annun.
Instructions to the National Banks acting as loan
agents not issued from the United States Treasury
until March &c, but in the first three wocks Of April tho
| subscriptions averaged than TEN MlLLlOSSA
WEEK.
Subscriptions will be received by the
| First National Bank of Baltimore, Nd,
Washington c.,
Carlisle, Pa,
AND BY ALL NATIONAL BANKS
which are depositares Of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country ac,ng agents of tho Naton
Depository Blik) will furnish further information on