Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-05-14
AUcTlOR SALES.
U, S. TEN-FORTY BONDS.

These Bonds are issued under the Act Con-
gress of March sth, 1854, which provides thst in
lieu of so much of the loan authorized by the
Act of March Sd, 1868, to which this is supplement
tary. the Secretary Of the Treasury is authorized
to borrow from time to time, on the credit Of the
United States, not exceeiing TWO HUNDRED
MILLION DOLLARS during the current fiscal
year, and to prepare and issue therefor Coupon
and Registered Bonds of the United ststesi and
all Bonds issued under this Act shall be 'EX-
EMPT 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 |
REDEEMED IN COIN, at the pleasure of the
Government, at any period not less tho" ten nor
more than forsy years from their date, and until
their redemption FIVE PER CENT. INTER
EST WILL BE PAID IN COIN, on 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. The semi
annual Coupons are payable at those dates, and
the annual Coupons on the so and 100 dOllsr
Bonds are payable on the first Of March.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the books of the United
States Treasurer, and can be transferred only
on the owners order. Coupon Bonds are psya-
BE to bearer, and are more convenient for
commercial use.
Registered Bonds will be issued Of the denom-
, nations of Fifty Dollars (s5O), One Hundred
Dollars (s1O9), Five Hundred Dollars Cs5Ooli
One Thousand Dollars (s1,OOO), Five Thousand
!, Dollars (s5,OOO, and Ten Thousand Dollars
(s1O,cOO); and Coupon Bonds OF the denomins
: tons ofFity Dollars (s50, One Hundred Dol
lars Cs1OOy, Five Hundred Dollars $500, snt
! ! One Thousand Dollars (sl,OOO).
Subscribers to this loan will have the option.o
8 having their Bonds draw interest from March 1st
; by paying the occurred interest in coin-or ii
Z United States notes, or the notes of NstiOna
8 Banks, adding fifty per cent. for premium,) 0
n receive them drawing interest from the date c
subscription snd deposit.
n As these Bonds are exempt from municipal o
= State taxation their value is increased from on
n to three per cent. per snnum, according to tn
rate OF tax leves in various parts of the ceuntrl
Atthe present rate Of premium on Gold the
re pay over eight per cent. interest in cnrrenc!
4 and are of equal convenience as a permanent {
- y temporary investment.
y It's believed that no securities offer SO gre
inducements to lenders as the various descril
b. tons of United States Bonds In all other form
TO of indebtedness, the faith or ability Ofpriva
p parties or stock companies or separate comm
lv mites only is pledged for payment, while f
~ the debts of the United States the whole prope
g, ty of the country is holden to secure the pa
oe ment Of both principal and interestin coin.
These Bonds may be subscribed for in sur
Of from $50 to any magnitude, on the same tern
of and are thus made equally available to the SIN
al lest lender and the largest capitalist. They c
- be converted into money at any moment, a
he the holder will have the benefit of the interest
The facts that all duties on imports are paysl
on in specie furnishes fund for like payment of
40 terest on all Government Bonds largely in exec
re ofthe wants ofthe treasury for this purPose.i
les Upon the receipt of ofsubscnptons a certifci
Sc Of deposit therefdS, in duplicate will be ISSUE
-us the original ofwhch will be forwarded by the 81
,ot ,st seriber,to the Secretary of the Treasury,
ate washingtQuTwith letter stating the kind (r'
MIA istered or cOupOn) and the denominations
= bonds required.
We Upon the receipt of the original certificates
NJ the Treasury Department, the bonds subscnt
eIe Tor will be transmitted to the subscribers respe
-, lively.
,st. Subscriptions will be received by the TFsasu
ons ofths United States at Washington, and the Ass
'th- ant TTsasursrs at New York, Boston, and Phi
tae delphis, and by the First National Bank of Gle
,bo land, O., and the Second National Bank of Gle
op land, O., and by all National Banks which
depositaries of public money. All respects
Was banks and bankers throughout the country
ant furnish further information on application,
nee afford every facility to subscribers.
ops may2l5O