The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1864-08-03
July 20, 1864.
u. S. 1910 BONDS!

THNHESE Bonds are issued under the act of
Congress of March Sth, 1864, which
provides that all Bonds issued under 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 REDEEMED IN
COIN, at the pleasure of the Government, at
any period not less than ten nor more hun
foj'fy years from their date. and until their
redemption FIVEPER CENT. INTEREST
WILL. BE PAID IN COIN, on Bonds Of not
over one hundred dollars annually and on
all other ndssomi-annually. The interest
is payable OH the first days of March and
September in each year.
Subscribers will receive either Registered
or Coupon Bonds, us they may prefer. Re-
gistered 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 conve-
nicnt for commercial uses.
Subscribers to this loan will have the op-
ton of having their Bonds draw interest
from March lst, by paying the accrued in
terest in coin Tor in United States notes, or
the notes of the National Banks, adding fifty
per cent. for PREMIUM or receive them
drawing interest from the date of subscip-
ton and deposit AS the 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 levics in various parts of the coun-
try.
At the present rate of premium on gold
they pay
Over Eight Percent. Interest
in currency, and are of equal convenience
as a temporary investment.
It is believed that no securities offer so
great inducements to lenders as the various
descriptions of U. S. Bonds. In all other
forms of Indebtedness, the faith or ability of
private parties or stock companies or sepa-
rate communities only is pledged for pay
mcnt, while for the debts of the United
States tho whole property of the country is
holden to secure the payment of both prin-
cjpal and interest in coin.
sums from $50 up to any magnitude, on the
same terms, and are thus made equally
available to the smallest lender and the lar
gest capitalist. They can be converted in
to money ut any moment, and the holder
| will have the benefit of the interest
1t may be useful to state in this conncc-
ton that the total funded debt of the United
States on which interest is payable in gold,
on the 81, day OF March, 1864, was S76S, ,965,
900. The interest on this debt for the coming
fiscal year will be S45, 1887, l26, while the GUS
toms revenue in gold for the current fiscal
year, ending June 30th, 1864, has been at the
rate Of over $780, 00O0, 900 per annum.
1t will be seen that even the present gold
revenues of the Government are largely in
excess of the wants of the Treasury for the
payment of gold interest, while the recent
increase Of the tariff will doubtless raise the
annual receipts from customs on the same
amount of importations, TO $3.50, 0,0O0.O0O per
| annum.
Instructions to the National Banks acting
ns loan agents were not issued from the Uni
ted States Treasury until March 26, hut in
the first three weeks in April the subscrip-
tions averaged more than TEN MILLIONS
a WEEK.
Subscriptions will be received by tho
First National Bank of Cadiz. o.
And by all National Banks which are depos-
itares of Public money, and all
RESPECTABLE BANKS and BANK ERS
throughout the country, (acting as agents OF
the National Depository Banks,) will fur
ther information on application and
AFFORD EVERY FACILITY TO SUB
SCRIBERS.
June g. 1864-2mo.i inside.