The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-06-10
u. S. 1O-4O BONDS,

Tiese Bords are issneI under the ct of Con
grcss o! March Sth, 1864, which provides that q Il
Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or under any state or
municipal authority. Subscriptions to these
Bonds are received in United States notes or
notes OF National Banks, They are TO BE
REDEEM ED IN COIN, at the pleasure of the
Government, at my period not less than ten nor
more than forty years from their date, and until
their redemption FIVE PER CENT. INTER
EST WILL BIZ PAID IN COIN, on Bonds of
not over one hundred dollars annually al on all
other Bonds semi annually. The interest is pay
able on the first day Of Match and September in
each year.
Subscribers will receive either Registered or
Coupon Bouds, as thoJ may prefer. Registered
Bonds are recorded on the books of the u S.
Treasury, and can be transferred only on the
owners order. Coupon Bonds are payable to
bearer, aud are more convenient for commercial
uses.
Subscribers to this loan will have the option
OF having their Bonds draw in, crest from Mare
lst by paying the accrued Interest in con-(or
in United States notes, or the notes of Natona
Banks, adding fifty per cent for prcmium or re-
ceive them drawing inleios, from the date Of
subscription and deposit. As these Donds are
Exempt from Municipal or State Taxation,
their value is increased from one 10 three per
cent per annum. according TO the rate OF leves
in various parts OF the country.
At the prescntrate of premium on gold they pay
Over Eight Per Cent. Interest
in currency, and are ofeqnal convenience as
permanent or temporary Investment.
Its believed that NO securities offer 30 great
inducements TO lenders Us the various descrip.
tions o! u. S. Bonds. In all other iorms of in.
debtedness, the faith or ability of private par
tiee or stock companies or separate communi-
ties only is pledged for payment, whiei for The in
dehtedness ol the United States the whole prop.
erty of the country is holden to secure the pay. .
ment of both principal and interest in coin.
These Bonds may be subscribed for in sums
rom $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 mo-
ment, aud the holder will have the benefit of the
interest.
1t may be useful TO state in this connection
that the total Funded Debt of the United States,
on which in erest is payable in gold, on the Sd
day of March, ls6i, was S76s 965 900. The inter-
est on this debt for the coming fiscal year will be
SIS ,937,l26, while the customs revenue in gold
for tho current fiscal year, ending June Soth,
1864, has been, so far at the rate o over $780,.
00,000 per annum.
|, will be seen that even the present gold rev.
enues Of the Government are largely in excess
1.-THE wants of the Treasury 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 importa-
tions, to $3.50, ,eC0,O0O per annum.
Instructions to the National Banks acting as
loan agents were not issued lrom'tho U. Siates
Treasury until March n. But in the first three
weeks of April the subscriptions averaged more
than TEN MILLIONS A WEEK.
Subscriptions will be received by all