Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-05-02
U. s. 1910 BONDS.

These Bonds are issued under the Act Of Congress
Of March sth 1864. which provides that in lieu Of so
much Of the loan authorized by the act Of March 3d.
1862 to which this is supplementary. the Secretary
of the Treasury authorized TO borrow from time to
me, on the credit Of the United States not exceed
ing TWO HUNDRED MILLION DOLLARS dur
ing the current fiscal year. and to prepare and issue
therefor Coupon and Registered Bonds Of the United
States; and all Bonds issued undor this Act shall be
EXEMPT FROM TAXATION by or under any
State or municipal authority. Subscriptions to
these Bonds are received in United States notes or
notes of National Banks They are TO BE RE-
DEEMED IN COIN. at the pleasure of the Govern
ment, at any period not tss than ten nor more Md"
forty years from their date and until theirredemp-
tion FIVE PER CENT. INTEREST WILL BE
PAID IN COIN. on Bonds of not over one hum
dred dollars annually, and on oil other Bonds semi
annually.
Tho interest is payable on the first days of March
and September in each year. The semi-annual
Coupons are payable at those datos and the annual
Coupons on the 80 and 100 dollar Bonds are payable
on the first of March.
Subscribers will receive either Registered or Cou-
pom Bonds, as they may prefer Registered Bonds
are recorded on the books Of the U. S. Treasurer
and can be transferred only on the owners order.
Coupon Bonds are payable to bearer. and are more
convenient for commercial uses.
Registered Bonds will be issued Of the denomina-
tions of Fifty Dollars (s5o). One Hundred Dollars
($lOO) Five Hundred Dollars (S5Oo). One thousand
Dollars Cs ,OOo. Five Thousand Dollars tS5OOo). and
Ten Thousand Dollars $4,000; and Coupon Bonds
of the denominations of Fifty Dollars (s5O), One
Hundred Dollars (elOo Five Hundred Dollars (s5OO)
and One Thousand Dollars $1,000.
Subscribers to this loan will have the option Of
having their Bonds draw interest from March lst by
paying the accrued interest in coin-(or United
States notes. or the notes Of National Banks adding
fifty per cent. for promum,) or receive thom draw
ing interest from the date Of subscription and do
posit.
As these Bonds arc exempt from municipal or
State taxation, their value is increased from ono to
three per cont 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 in currency and are OF
equal convenience as permanent or temporary in
vestment.
II is believed that no securities offer SO great in
ducements to lenders the various descriptions Of
the faith or ability of private parties stock
panes or separate communities only is pledged for
payment, while for the debts of the United States
the whole property of the country is holden to Sc
cure the payment of both principal aud interest in
coin.
These Bonds may be subscribed for in sums from
$50 up to any magnitude on the terms, and are
thus made equally available to the smallest lender
and the largest capitalist. They can be converted
into money ut any moment and tho holder will have
the benefit of the interest.
The fact chat all duties on imports 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 the receipt of subscriptions a certificate Of
deposit therefor, in duplicate, will b, issued. the
original of which will be forwarded BY the subscri-
Der to the Secretary Of the Treasury. at Washing
on, with letter stating the kind registered or cou-
,an) and tho denominations Of Bonds required.
Upon the receipt of tho original certificates at the
Treasury Department the bonds subscribed for will
,e transmitted to the subscribers respectively.
Subscriptions will be received by the TREASURER Of
he United States at Washington, and tho Assistant
1reasurers at New York. Boston and Philadelphia. i
md by the First National Bank Of Columbus, o., i
nd by all National Banks which are depositaries Of
ublic money. All respectable banks and bankers
throughout the country will furnish further infor
nation on application. and afford every facility to
ubscriben. may2-d&w2w