Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-07-20
NEW STYLE BALMORALS.
US. lO-4O BONDS.

These Bonds issued under the act of Con
gress of March Sth, 1854, which provides that all
bonds issued under this act shall be erelnpt from
taratfO7l by OF under any State municipal
thority- Subscriptions to these bonds are receiy-
ed in United States notes or notes of National
Banks They are TO REDEEMED COIN, at the
pleasure of the Government, at any Eeriod NOT
less AaR ten nor than forty gears from their
date, and until their redemption FIVE PER CENT.
WILL BE PAID IL COIN, 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.
Subscribers will receive either Registered or
Coupon Bonds. as they may prefer. Registered
Bonds recorded on the books of the L. S
Treasurer, and 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 Of
having their Bonds draw interest from March Ist,
by paying the accrued interest in coiu-lor in l.
nited States notes the notes of National Banks,
them drawing interest from the date of subserip-
ton 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
levies in various parts of the country.
AT the present rate of premium on gold they pay
OVER EIGHT PER CENT INTEREST
permanent or temporary investment.
1t is believed that no securities offer so great
inducement to lenders as the various descriptions
ndo Al
ness, the faith ability of private parties or
stock companies or seperate 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 princi-
pal and interest in coin.
These bonds may be subscribed for in sums from
$40 up to any magnitude, on the terms, and
are thus made equally available to the smallest
lender and the largest capitalist. They can be
into money at any moment, and the
holder will have the benefit of the interest
1t may be useful to state in this connection that
the total Funded Debt Of the United States on
which interest is payable in gold, on the ID dav
Of March, S64, S768, 1865, 600 The interest on
this debt for the coming fiscal year will be st5
9@':I25' while the customs revenue in gold for
the current fiscal year, ending June SOth. 1856,
AS ""NN ." -"' ',L tic Taie oil OEpr SIUU,OUU. .UUU
per annum.
IL "ih 3e seen that even the present gold rev.
snues Of the Government are largely in excess of
me wants of the Treasurer for the payment Of
gold interest while the recent increase OF the tar
II Will doubtless raise the annual receipts from
customs on the same amount OF importations, Ia
$3.50 900 900 per annum.
Instructions to the National Banks acting us
oan agents were not issued from the United
states Treasury until March %. but in the first
hree weeks of April the subscriptions averaged
more than Ten MILLIONS A WEEK.
Subscriptions will be received by The
First National Bank of PhiadeIpbis PA
Second National Bank of PhiladeIph;a Pa
Third National Bank of PhiladeIphia. Pa
AND BY ALL NATIONAL BANKS
which are depositaries of Public money. and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (aetfug az agents of the
Sationai Depository Banks) will furnish further
nfOrm alton anH ar,,J c,.1--,