Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1864-06-22
u. s. 1910 BONDS !.


q These Bonds are issued under the Act Of Con-
gress of March sth, 1864, which provides that all
Bonds issued under this act shall be exempt from
taxation by or under any state or municipal au-
thority. Subscriptions to these bonds are re-
ceived in United States notes or notes of Nation.
al Banks. They are TO BE REDEEMED IN COIN,
at the pleasure of the government, at any period
not less than ten nor more than forty years from
their date. and until their redemption five per
cent interest will be PAID IN COIN. on bonds of
not over one hundred dollars annually, and ON
all other bonds semiannually. The interest is
payable on the first days of March and Septem-
Der in each year.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Registered
. Bonds are recorded on the books Of the U. s.
Treasurer, and can be transferred only on the own.
er's order Coupon bonds are payable to bearer
and are more convenient for commercial uses.
Subscribers to this loan will have the option
of having their bonds draw interest from March
LIST by paying the accrued interest in coin Tor
in United Safes notes, or the notes of Natio nal
Banks, adding fifty per cent for PREMIUM or re-
ceive them drawing interest from the date of sub
scription and deposit. As the Bonds are
Exempt from Municipal or State 7'aru-
tion,
their value is increased from one to three per
cent. per annum, according to the rate of tax
levies in variousp parts of the country.
At the present rate of premium on gold they
pay OVER EIGHT PER CENT INTEREST in
currency, and are Of equal convenience as q per
manent or temporary investment. -
1t is believed that no securities offer so great
inducements to lenders as the various descrip
lions Of U. s. Bonds. In oil other forms of In
debtedness, the faith or ability of private parties
or stock companies or separate communities only
is pleged for payment, while for the debts of tn,
United States the whole property of the country
Is holden to secure the payment of both princi
pal ard interest in coin
I These Bonds may be subscribed for in sum,
from $50 up to any magnitude, on the same term
and are thus made equally available to the small
est lender and the largest capitalist. They cal
be converted into money at any moment, and tn,
holder will have the benefit of interest.
1T may be useful to state In this connectio.
that the total Funded Debt of the United s tate
on which interest is payable in gold, on the 81
day of March 1854, was $r65. 1896 900. The in
terest on this debt for the coming fiscal year will
be $45,93Y 1875, while the customs revenue II
gold for the current fiscal year. ending June Sotl
has been so far at the rate OF over 500, 900, 90
per snnum.
1t will be seen that even the present gold rev
enues Of the Government are largely In excess 0
the wants of the treasurer for the payment O
gold interest. while the recent increase of tn
tariff will doubtless raise the annual receipts fror
customs on the same amount Of importstions, t
$3.50, 900 900 per annum.
Instructions to the National Banks acting q
loan agents were not issued from the Unite
States Treasury until March Goth. but in the frs
three weeks of April the subscriptions average
more than ten millions a week.
Subscriptions will be received by all ,.r
NATIONAL BANKS 90"
which are depositaries of public money, and a
respectable banks and bankers throughout tn
country (acting as agents of the National D,
, positary Banks will furnish further inormatio
on application and AFFORD EVERY FACILITY 4
, SUBSCRIBERS. 25m3