American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-06-22
" S. 1870 Bonds,

These Bonds issued under the Act OF Congress Of
March sth 1864 which provides that all Bonds issued
der this Act shall he EXEMPT FROM TAXATION by or
under any state or municipal authority Subscriptions
to these Bonds are received in United States notes
notes Of National Banks. They are To DE REDEEMED
IN COIN the pleasure Of the Government at any Pc
riod notlsss than ten than ory years from their
| date and until their redemption FIVE PER CENT. IN
TERRsT WILL BE PAID IN COIN, on Bonds Of not
over one hundred dollars annually and other Bonds
semiannually The interest IS payable the hrs days
Of March and September in each year.
Subscribers Will receive either Registered Coupon
Bonds as they may prefer Registered Bonds record
cd on the Jooksof the L. g Treasurer and be trans
fsrred only on the owners order. Coupon Bonds are
pnvable to bearer and arc more convenient for CONNER
| cin uses.
Subscribers to this loan will have the option Of having
their Bonds draw interest March lst by paying tho
accrued interest in coinor in United States notes or
tin notes Of National Banks, adding hy per cent for
prcmium) or receive them drawing interest from the
date Of subscription and deposit. As these Bonds are
Erempt from Municipal or STATE zdration,
their value is increased from three per per
num- according to the rate Of tax eycs 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 rs porua
| nont or temporary investment
ris believed th.t no securities Offer great tndass
m,as to leaders as tho various description ofU. Eouds
In all other forms Of indebtedness the faith or ability Of
private parties or stock companies separate commuu
ties only Is pledged FOR payment while for the debts Of
the United States tho whole property Of tho country is
holden to secure the payment Of both principal and
| tereat in coin;
These Bonds may 30 subscribed fsr in from $50
| to any magnitude on the terms, and ara hua
made equally available to the smallest lender and the
largest capitalist They can be converted into money
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
sst Is payable IN gold or the Sd d1y Of March l:5I
s15s 965 900 The interest this debt Tor the coming
Zeal year will bo sl5 ga7 l23 while the customs
in gold for the fiscal year ending juno 3lh 1864
has been so far at rate Of over S1OOOOCOo per
1t will be that the present gold revenues Of
the Government largely in Of the wants Of The
Treasurer for the payment Of gold interest while the re-
cent increase of the tar will doubtless raise tho annual
receipts from customs on the amount OF importa
tions, to $3.50 900 Ooa per anunr.
Instructions to the National Banks acting loan agents
we're not issued from tho United state Treasury untll
March 20 but in the FIRST three weeks Of April the sub
=crptions averaged more than TEN MILLIONS WEEK.
Subscriptions will borecoiyel by the
| First Natiou.I Banl, Of Philadelphia Pa.
! Second National Bank Of Philadelphia, Pa
phird National Bank Of Philadelphia, Pa.
And by all National Bapks
which ore depostaries Of Public money and all
RESPECTABLE BANKS AND BANKERS
throughout tn, country acting agents Of the Nation
al Dcpositary Bans will furnish further information
application and
! AFFORD EVERY FACILITY TO SUBSCRIBERS.