The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-07-27
I. 5. 1910 BONDS.

e
THEsE Bonds are issued under the Act Of
Congress of March 9th, 1864, which pro-
yides that all bonds issued under this Act shall
be EXEMPT FROM TAXATION by or under
any state or municipal authority. subserip-
tionss to these Bondsare received in United
States notes, or notes Of National Banks. They
are TO BE REDEEMED IN COIN, at the
pleasure of the Government, at any period NOT
ess tlan 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 hunred dol
lars annually and on all other Bonds SEMI
annually. The interest is payable on the hrsf
days of March and September in each year.
Subscribers will receive either Registered
or Coupon Bonds, as they may prefer. Beg
istered Bonds are recorded on the books Of
the o.. 8. Treasurer, and can be transferred
only on the owners order. Coupon Bonds
are payable to bearer, and are more convs-
nient for commercial use s.
Subscribers to-this loan will have the OPP
ton of having their Bonds draw interest from
March 1st, by paying the accrued interest in
coin-(or in United States notes, or the notes
of National Banks, adding fifty per cent for
premium,) or receiv them drawing interest
from date of subscription and deposit. Az
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
levies in various parts of the country.
At the present rate of premium on goldthey
pay
Over Eight Per Cent. Interest
in currency and are of equal convenience as
. permanent or temporary investment.
1t is believed that no securities offor=so
great inducements to lenders as the various
descriptions of o. S. Bonds. In oil other
forms of Indebtedness, the faith or ability Of
private parties or stock companies or separate
communities only is pledged for payment,
while for the debts of the United States the
country is holden to secure the payment Of
both principal and interest, in coin.
These Bonds may be subscribed for in SUNG
from $50 up to any magnitude, on the same
terms, and are thus made equally availahle.to
the..smailest lender and the largest capitalist
They can be converted into money at any MOI
ment, and the holder win have the bencat.of
the interest.
1t may be useful 70 state in this connection
that the total Funded Debt of the United.
on which interest is payable in Gold, on tho
Sd day of March, 1864, was $76s, 965 ,000.l
The interest on this debt for the coming fiscal
year will be S45 ,937 ,126, while the cussoms
revenue in gold for the current fiscal year,
ending June 3Oth. 1864, has been so farat.
the rate of over $1,000 600, 900 per annum
It will be seen hat even the present gold
revenues Of the Government arelargely in ex-
cess of the wants ofthe Treasury for the pay
ment of gold interest, while the recent In
crease of the tariff will doubtless raise the ana
nual receipts from customs on the same amount
of imporsarions, to $3.50, O00, 200 per annum..
In strucfions to the National Banks actfng
as loan agents were not issued fromSthe Uni
ted States Treasury until March 26, but in
first three weeks of Apri1t the subscriptions
subscriptions will be received By the
First National Bank Of Cleveland,
Second National Bank of Cleveland, Q
and by all .
EinttOssaE Bussks
are depositaries Of Public money! and
all
Respectable Banks and Bankers
lhroughought the country. facting as agents
the National Depositary Banks. )-WtlEfnrn-
rsh further information on applications and ~
Afford every Facility TO Subscribers.
June 10, 1864, vlsn2-aR