Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1864-05-09
u. s. eoNDS.
q. s. 1910 BONDS.

These Bonds are issued under the Act Of Congress Of
March sth, 1864, which provides that in lien Of so much
Of the loan authorized BY the Act Of March Sd, 1868, to
which this is supplrms ntary, the Secretary Of the Treas
uy is authorized to borrow from time to time on
the credit OF the United States, not exceeding TWO
MILLION DOLLARS during the current
fiscal year, and to prepare and issue therefor Coupon
and Registered Bonds Of the United States; and all Bonds
issued under this Act shall be EXEMPT FROM TAXA
TON 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 REDEEMED IN COIN. at the pleasure of the Gov
eminent, ct 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 semi-annually.
The interest Is payable on the first days Of March and
September in each year. The semi annual Coupons arc
payable at those dates, and the annual Coupons on the
$50 and sioo Bonds are payable on the FIRST of March.
Subscribers win receive either Registered or Coupon
Bonds as they may prefer. Registered Bonds are re-
corded on the books Of the United States Treasurer, and
can be transferred only on the owners order. Coupon
commercial uses.
Registered Bonds will be issued Of the denominations of
Fifty Dollars (s5o), One Hundred Dollars $500, Five
Hundred Dollars $500, One Thousand Dollars $1,000,
Five Thors.Dd Dollars reg 0o0N and r.. -. n,
Z lars (slo,COo); and Coupon Bonds Of the denomination ms Of
p Fifty Dollars $3.50, One Hundred Dollars (sloo), Five
Hundred Dollars tssOo), and One Thousand Dollars
= (sl ,OOo.l ,.s- ~ -
Subscribers to this loan will have the option Of having
their Bonds draw interest FIR m March lst, by paying the
accrued interest in coin for in Unired States notes, or the
3 notes Of National Banks. adding & ty p r cent. for pre-
mium) or receive them drawing interest from the date of
subscription and deposit ia
As these Bones are exempt from municipal or State
taxation, their value is increased from one to three per
cent. per annum, according to the rate of tax levies in
various parts of the county. ~ .g
Al the present rate of premium on gold they pay over
eight per cent. interest in currency, and are of equal con
ven'epce as a permanent or temporary investment.
Iii believed that no securities offer so great induce
ments to lenders as the various descriptions of U. S.
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 of the
country is holden to secure the payment of bOth principaI
aud interest Ia coin. 1888
These Bonds may be subscribed for in sums from $50
up to any magnitude, on the sams terms, and are thus
made equally available to the smallest ender and the
largest capita ist. They can be converted into money al
any moment. and the holder will have the benefit of th,
interest. -.a ea
The fact that all duties on imports are payable in speci'
furnishes a fund for like payment of interest on all Gov.
eminent Bonds largely in excess of the wants of tb,
treasury for this purpose.
Upon the receipt of subscriptions a certificate Of deposi
therefore, in duplicate, viii be issued. the original o
which will be forwarded by ne subscriber to the Score
tary of the Treasury, at Washington, with a letter stating
the kind Registered or cOuPon) and the denominations o
bonds required. a @ faa'
Upon the receipt Of the original certificates At tbs
Treasury Department the bonds subscribed for will b
transmitted to the subscribers respectively.
subscriptions will be received by the Treasurer of IN
United SAFES. at Washington, and the Assistant Treas
Urers at New York, Boston and Philadelphia, and by tn
FIRST National Bank OF Eadi taapo1fs, nd, and by al
National Banks which are depositar;es Of public money
All abla hanks and hanLars hror~h,m n oo.o
try win furnish further information on application, an
afford every facility to subscribers.
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