The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1864-07-13
u. S. 1910
BONDS!

These Bonds tssucd under Act OF totPfcsso u
Msrcb sth 1854 which provides that all Bonds issued
und e. this Act shall lie EXEMPT FROM TAXATION
by or under any state municipal authority. Sub
serpons To these Bonds arc received in United States
notes or notes Of National Banks. They are TO BE
REDEEMHD IL COIS, at the pleasure Of the Cor
ernment al any period less than ten nor more aa'
forty yc. from date and until their redemption
PER CENT. INEREsT WILL DE PAIDIS COIN,
on Bonds Of not hundred dollars annually and
on all other Bonds semannualIy. The interest is pay
bic on the first days Of March and September in each
year.
Subscribers will receive either Registered or Coupon
Bonds as they may prefer. Registered Bonds are re-
corded on the books Of the U :. Treasurer, and can
be transferred only the owners order Cngon Bonds
are payable 10 bearer, and more convenient for
commercial uses.
Subscribers to this aon will have the option Of having
their Bonds draw interest from March ls by paying the
.ccured interest in coin in United States notes, or
,he notss Of National Banks, adding fifty Ier 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 il increased from one to three per cent per
annum according to the of levies in various
parts Of the country.
At the present rate of premium gosd they pay
Over Eight Per Cent. Interest
in currency, and are Of equal convenience perma
nent or temporary investment.
II is believed that securities offer great induce
ments to lenders as the various descriptions Of U.
s. Bonds In all other forms Of Indebtedness the faith
ability Of private parties or stock companies or
separate communities only is pledged for payment,
while for the debts Of the United states the whole
property the country is hoder 70 the payment
Of both principal and interest in coin.
These Bonds may be subscribed for in sums from
$50 up any magnitude, the same terms, and
thus made equally available To the smallest lender and
the largest capitalist. They be converted into
money at any moment and the holder will have the
benefit of the interest
II NAV be useful in this connection that the
total Funded Debt of the United States which in
,ercs is pay able in gold, the Sd day of March, 1864
was s96s, ,9s5coc. The interest this debt for the
coming fiscal year will be sas,9s7 es, while the
toms revenue in gold the fiscal year. ending
June 3Oth 1864, has been far at the rate Of
$780, 200 pee annum.
u will be that the present gold revenues
Of the Government largely in of the wants
OF the Treasurer for the payment of gold interest,
while the recent increase Of the tariff will doubtless
raise the annual receipts from customs on the same
amount Of impor,ations, to sI5,Ooo.ooo per annum.
Instructions to the National Banks acting loan
agents were not issued from the United States Treasu
~ until March 81, but in the first three weeks Of April
the subscriptions average more than TEN MILLIONS
AwEEK.
Subscriptions viii be received by the
First National Bank Of Evansville, Ind.
First National Bank of Fort Wayne, Ind.
First National Bank of Lafayette, Ind.
First National Bank OF Madison, Ind.
First National Bank OF Terre IIaute. Ind.
First National Bank of Richmond Ind.
AND BY ALL NATIONAL BANKS
which are depositaries of Public money, and all
RESPECTABE BANKS AND BANKERS
throughout the country, acting agents of the Ma
sona Dopositary Banks,l will fuansh further irfcr
nation on application and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
lit-S M