Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-06-01
US. lO4O BONDS.


These Bonds are issued under the act of Con-
gress of March Sth, 1864, which provide, that all
bonds issued under this act shall be ezeapf from
tazatiom BY or under any State or municipal au-
thority- Subscriptions to these bonds are receiy-
ed in United States notes or notes of National
Banks. They TO BE REDEEMED IN COIN, at the
less than tea than farty gears from their
date. and until their redemption FIVE PER CENT
WILL BE PAID IN CON-, Bonds of not over one
hundred dollars annually and on all other Bonds
semi annually The interest is payable on the
irst days of March and September in each year
Subscribers viii receive either Registered or
Coupon Bonds. as they may prefer Registered
Bonds are recorded the books of the U. 5.
Treasurer. and can be transferred only on the
owners order. Coupon bonds are payable to
bearer, and are mere convenient for Comm ercial
uses.
Subscribers to this loan will have the option of
by paying the accrued interest IN coin-Cor in T.
nted States notes, TIE notes of National Banks,
adding fifty per cent for premium.l or receive
them drawing interest from the date of subserip-
ton and deposit AS these Bonds
Exempt from Municipal or State Taxation,
their value is increased from one to three per
cent. per annum. according to the rate of tax
ievies iR various parts of ths country.
Al the present rate of premium on gold they pay
OVER EIGHT PR CENT INTEREST
in currency, and are of equal convenience as g
permanent or temporary investment.
1t is believed that no securities offer so grca,
inducement to lenders the various descriptions
of U. s. Bonds In all other forms Of indebted
ness. the faith or ability of private parties or
stock companies or seperate 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 princi-
pal and interest 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 viii 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 interest is payable in gold on the Sd day
of March, 1854 was S76S 9s5 .00O Theinterest On
this debt for the coming fiscal year will be Si5,-
s37 ,l26, while the customs revenue in gold for
the current fiscal year. ending June 3Oth 1864
has been so far at the rate of over SI0e 0cg, GOO
per annum.
It viii be seen that the present gold rev.
enues of the Government are largely in excess of
the wants OF the Treasurer for the payment of
if will doubtless raise the annual receipts from
customs on the same amount of importations. TO
Sl5O.09O,0O0 per annum.
Instructions to the National Banks acting as
loan agents were not issued from the United
States Treasury until March 29 but in the first
three weeks of April the subscriptions averaged
more than Ten MILLIONS WEEK.
Subscriptions will be received by the
First National Bank of Philadelphia Pa.
Second National Bank of Philadelphia, Pa.
Third National Bank of Philadelphia, Pa.
AND BY ALL NATIONAL BANKS
which depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents of the
National Depository Banks.) will furnish further
Information application and afford epsyy facii-
fty to subscribers MAY IL IS64-2.mos
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