The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-07-01
u. S. 1O-4O BONDS.

These Bonds are issued under the Act of Con.
gress OF March sth, 1864, which provides that all
Bonds issued under this Act shall bo 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
REDEEMED IN COIN, a, the pleasure of the
Government, at any period not less han ten
more than forty years IRON 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 .ar on all
other Bonds emi-nnnually. The interes, is pay
able on the first day Of March and September in
each year.
Subscribers will receive either Registered or
Coupon Bouds, Us they may prefer Registered
Bonds are recorded on the books Of the u. S.
Treasury, and can be transferred only on the
owners order. Coupon Bonds are payable to
bearer, aud are more convenient for commercial
uses.
Subscribers to this loan will have the option
| OF having their Bonds draw interest from March
LIST, by paying the accrued interest in coin-tor
| in United States notes, or the notes Of National
Banks, adding fifty per cent for premium or re-
| ceive 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 rate OF leVies
in various parts OF the country
AT the presentrate of pre- MUM on gold they pay
Over Eight Per Cent. Interest
In currency, and are feqnal convenience as
permanent or temporary investment,
1t is bel lioved that no securities offer grent
| Inducements to lenders the various descrip-
tions Of u. S. Bonds. In oil other iorms OF in.
debtedness, tho faith or ability of private par
tiee or stock companies or separate communi-
ties only is pledged for payment, while for the in
debtedness of the United States iho whole prop.
er ty of the country is holden to secure the pay
ment Of both principal and interest in COIN
These Bonds may be subscribed for in sums
from $50 up to any magnitude, on the sane
terms, and are thus made equally available TO
the smallest lender a md the largest capitalist
They can be converted into money at any mo-
ment, 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 in terest is payable in gold, on the Sd
day of March, 1864 was S76s ,965 900. The inter.
est on this debt for the coming fiscal year will be
s45 937 ,i26, while the customs revenue in gold
for the current fiscal year, ending June 5Oth,
1864, has been, so far at the rate of over $l00,.
6Oo, 900 per nnnum.
twill be seen that even the present gold rev
enues of the Government are largely in excess
ofths wants of the Treasury for the payment of
gold interest, while the recent increase OF the
tariff will doubtless raise the annual receipts
from Gu stoms on the same umonnt oi imporla-
tions, to $3.50, ,cCO, ,OCO Per pnnum.
Instructions to the National Banks acting ns
loan agents were not issued from the U. States
Treasury until March 26,sbut in the first thre
weeks Of April the subscriptions averaged more
than TEN MILLIONS A WEEK.
| ,,,;n bo H.,