The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-05-25
o. 5. 1910 BONDS.


These Bonds are issued under the Act
of Congress of March 9Th, 1864, which
previ des that sIl Bonds issued under this
Act shall be EXEMPT FROM TAXATION
by or under any state or municipal auihot-
iiy. Subscr iplions 10 these Bonds are re
ceived in Uni cd States notes or notes of
National Banks. They are TO BE RE
DEEMED IN,COIN, at the pleasure of the
Gosefnment, at any period not less than
ten nor-nlore than forty years from their
dase, and uulil their redemption FIVE
PER CENT. INTEREST WILL BE PAID
IN COIN, on Bonds OF not over one hun,
dred dollars annually and on all other
Bonds sem.annusliy. The interest is pay-
able on the first days of March and Sep
'iember in each year.
Subscribers will receive either Regis.
tered orsCoupon Bonds, as they may pre-
Ter. Registered Bonds are recorded on the
books OF the u. S. Treasurer and can be
transferred OILY Oh the owners order
Coupon Bonds are payable to bearer, and
are IN ore convent eni for commercial uses.
Subscribers 10 this loan VIII have the
option of having their Bonds draw inter est
from March lst, by paying The accrued in-
terest in coin-(or il United Stales notes,
or the notes of National Banks, adding fl,
iy per cent. for premium,) or receive them
drawing interest from The date OF subscrip-
tion and deposit, As these Bonds 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 leviss in various parts OF the couu-
Try.
Al the present rate Of premium on gold
they pay
OVER EIGHT PER CENT INTEREST
in currency, and are OF equal convenience
as permanent or temporary investment
ftis believed that no securities offer so
gteat inducements to lenders as the various
descriptions of U s. Bonds In all other
forms Of Indebtedness, the faith or ability
OK private parties or stock companies or
separate communities only is pledged for
pay meni, while for the debts Of the United
States the whole properly of the country
is holden 10 secure the payment of both
principal aud interest in cein.
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 caai'alist They can be converted
into money al any moment, and the holder
will have The benefit Of the interest.
IL may be useful 10 state in this connec-
ion that the total Funded Debt of the
United States on which interest is payable
in gold, on The 81 day of March, 1861, was
S76s, ,965, COO The interest on this deb:
for tiTe coming fiscal year will be 81 1887,
l26, while The customs revenue in gold
foi the current fiscal year. ending June
both, 1864, has been so far at the rate OF
over Sr0o 900 600 per snnun. !.
Ii will be seen that even the present
gold revenues OF ihe Government are large
ly in excess of 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
Ihe same amoan; of inportatfons, TO $780,
goo, 900 per amman.
Instructions 10 the National Banks act
ing as loan agents were not issued from
the United Stale Treasury until March %,
bat IN the first fhree weeks OF April The
subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will be received by all
National Banks
which are deposuaries of public money,
and all
RESPECTA BE BANKS AND BANKERS
throughout the counirs, (acting as agents
oil the National Depositary Banks,) vii
furnish further Information on application
and
AFFORD EVERY FACILITY TO SUB
SCRlBERS.
May 4, 1864 Pm.
NE Hs "nn PAGt