The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-05-25
u. S. 10-40 BONDS.

These Bonds are issued under the Act of Congress
of March sth 1884, which provides that in lieu Of so
much Of the loan authorized by the Act Of March 3D.
1881 to which this is supplementary, the Secretary of
the Treasury is authorized to borrow from time to
time, the credit Of the United States not exceed
ing Two HuspaRD MILLION DoILARs during the
current fiscal year aud to prepare ard issue therefor
Coupon and Registered Bonds ofthe United States;
and sill Bonds issued under this Act shall be EXEMPT
PROM TAXATION by OF under any State or munich
pal authority. Subscriptions TO these Bords are re-
etived in United States notes of National Banks
They aero BE REDEEMED ~ cors, at the pleas
ure 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 one
hundred dollars annually. and all other bonds
mi-annualiy.
The Interest 10 payable on the first day of March
and September in each year. The semi annual Cou-
pons are payable at those dates. and the annual
Coupons the 50 and 100 dollar bonds are pay able
on the first of March.
Subscribers will receive either Registered or Cou-
pom bonds. rs they may prefer. Registered Bonds
are recorded on the books OF the L. s. Treasurer,
and can be transferred only at the owners order
Coupon Bonds are pay able to bearer. and are more
convenient for commercial use.
Registered Bonds will be issued of the denomina.
tons of fifty Dollars $780, One Hundred Dollars
tslool, Five Hundred Dollars 5000. One Thousand
Dollars .0oo Five Thousand Dollars ts5 0o0 and
Ten Thousand Dollars tsl0, oooI; and Coupon Bonds
OF the denominations of Fifty Dollars (s5Ol, One
Hundred Dollars (sio0l. Five Hundred Dollars
ls5ool, and One Thousand Dollars 81 .oool.
Subscribers TO this loan will have the option Of
having their bonds draw interest from March lat,
by paying the accrued interest in coino in United
States notes, or the notes ofNationa Banks, addin
fifty per cent. for premium) or reseiye them draw
ing interest from the date Of subscription and de-
post.
As these Bonds are exempt from Municipal or
State taxation, their value is increased from to
three per cent per annum. according to the rate Of
tax leyies in various parts Of the country.
At the present rate Of premium on gold they pay
over eight per cent interest in currency, aud of
equal convenience as a permanent or temporary in
vestment.
1t is believed that securities offer so great In
ducements 10 lenders the various descriptions Of
U. s. Bonds In all other forms of Indebtedness.
the faith ability OF private parties or stock COM
panies or separate communities only is pledged for
payment while the debtsoi the United States the
whole property Of the country is holden to secure
the payment or both principal and Interest in coin
$50 up TO any magnitude. on the same terms and
thus made available to the smallest lender and
the largest capitalist They can DO converted into
money at any moment, and the holder will have the
benefit of the interest.
The fact that all duties imports are payable in
specie furnishes fund for like payment of interest
on all Government bonds largely in excess of the
wants of the treasury for this purpose.
Upon receipt of subscriptions a certificate of de-
posit there or in duplicate. win be issued the origi
nal of which will be forwarded by the subscriber to
the Secretary of the Treasury, at Washington with
letter stating the kind registered eouponl and
the denominations of bonds required.
Upon the receipt of the original certificate at the
Treasury Department, the bonds subscribed for will
be transmitted to the subscribers respectively.
Subscriptions wi be received by the Treasurer
offhe Usifed States at Washington and the Assist
| ant Treasurcrs at New York Boston and Philade.-
| phia and by the
First National Bank of Portland. Me-,
First National Bank of Augusts, Me-,
First Ma ional Bank of Bangor. Me,
| First National Bank of Bath, Ne,
First National Bank of Brunswick, Ne,
and by all National Banks which depositarics Of
| public money. All respectable banks and banker
throughout the country will furnish further infor
nation on application, and afford every facility ts
subscribers. may2od& w2ws