Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-05-26
u. S. 1910 Bonds.

y. 5. 10-40 Bonds.
| These Bonds are issued under the Act o
Congress of March sth, 1854, which provide:
that all Bonds issued under this act shall bt
EXEMPT FROM TAXATION by or under
any state os municipal authority. Subscrip
tions to these Beads are received in United
States notes OF notes of National Banks. They
! are to BE REDEEMED IN COIN, at tn,
pleasure Of the Government, at any period no
less than ten nor more Maos .forsy y,ars from
| their date, and until their redemption FIVE
PER CENT. INTEREST WILL BE PAID II
COIN, on Bonds of not over one hundred
dollars annually and on all other Bonds semi
annually. The interest is payable on tie
first days of March and September in each
year.
Subscribers will receive either Registered
or Coupon Bonds, as they may prefer. Reg
istered Bonds arc recorded on the books of
the G. S. Treasurer and car be transferred
only on the owners order. Coupon Bonds are
payable to bearer, and are more convenient
for commercial uses
Subscribers to this loan will have the option
Nf +f,n,,
March 1st by paying the accrued interest in
coin--(or in United States notes, or the
notes Of National Banks, aiding fifty per
cent for premium or receive them drawing
interest from the date of subscription 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 tax lev
les in various parts Of the country
At the present rate of premium on gold
they pay
Over Eight Per Cent. Interest
in currency, and are Of equal convenience as
a permanent Or temporary investment
tits believed that no securities offer so great
inducements to lenders as the various descrip-
tions Of I. S. Bonds. In all ether forms OF
Indebtedness, the faith or ability of private
parties or stock companies Or separate com
munities 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 principal 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 avail
able to the smallest lender and the largest
capitalist. They can be converted into
money at any moment, and the holder will
have the benefit Of the interest
It may be,us sfal to state il this correction
that the total Funded Debt Of the U. States
on which interest is payable in gold, on the
Sd day of March, 1864, was S76s, ,9e5 ,O0O
The interest on this debt for tho coming fiscal
year will be ST., ,937, ,l26, while the customs
revenue in gold for the current fiscal year,
ending June 30th 1864, has been so far at the
rate of over $lO0, 900 900 per annum
Instructions to the National Banks acting
as loan agents were not issued from the United
States Treasury until March &C. but in the
first three weeks of April the subscriptions
averaged more than TEN MILLIONS A
WEEK
Subscriptions will be received By the
First National Bank Of Janesvilc Wis.
First National Bank Of Milwaukee, Wis.
First National Bank OF Madison, Wis.
AEa by all National Banks
which are depositaries Of Public money, and
and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents of
the National Depositary Banks will furnish
further information OH application and
1.fora every Facility to Subscribers.
20;n3