The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-05-28

MISCELLANEOUS.
U. S. 1910 BONDS.

These Bonds are issued under the Act of Congress
of March sth 1854 which provides that in lieu of
much of the loan authorized by the Act eff March 3d.
1863 to which this is supplementary the Secretary
the Treasury is authorized to borrow from time to
time the credit of the United States exceed.
ing Two HUNDRED MILLION Dol LARS during the
current fiscal year and TO prepare and issue therefor
Coupon and Registered Bonds of the United States ;
and all Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or under any State or munich
pal authority. Subscriptions TO these Bonds re-
c.iyed in United States notes of National Banks
They areTo BE REDEEMED IN oorH, at the pleas
ure ofthe Government, at any period not less than
ten more than forty years from their date, and
until their redemption FIVE PER CENT INTEREST
WILL BE PAID IN COIN, ON Bonds of not over one
hundred dollars annually. and on all other bonds se-
mi annually
The interest is payable on the frst day of March
and September in each year. The semi annual Cou.
pons are payable at those dates, and the annual
Coupons the so and 100 dollar bonds are payable
on the first of March,
Subscribers will receive either Registered OF Cou-
pom bonds. as they may prefer. Registered Bonds
are recorded on the books of the U. s. Treasurer
and can be tranferred only at the owrer's order
Coupon Bonds are payable to bearer. ard are more
convenient for commercial use.
Registered Bonds will be issued of the denomina.
tions of Fifty Dollars (S50l. One Hundred Dollars
$500, Five Hundred Dollars C500D One Thousand
Dollars 900. Five Thousand Dollars O00 and
Ten Thousand Dollars $50, ,000); and Coupon Bonds
OF the denominations of Fifty Dollars (s50l, One
Hundred Dollars tslo0l. Five Hundred Dollars
ts5o0) and One Thousand Dollars ts1 ,Oool
Subscribers to this loan viii have the option of
having their bonds draw interest from March Ist,
by paying the accrued int in coinor In United
States notes, the notes of atonal Banks adding
fifty per cent. for premium receive them draw
ing interest from the date Of subscription and de-
post.
As these Bonds exempt from Municipal or
State taxation, their value is increased from TO
three per cent per according to the rate of
tax levies in various parts ofthe country.
At the present rate of premium on gold they pay
eight per cent interest In currency aud are of
equal convenience as permanent or temporary in
vestment.
1t is believed that no securities offer go great In
ducements 10 lenders the various descriptions of
U. s. Bonds. In all other forms of indebtedness,
the faith ability of private parties stock CON-
panies or separate communities only is pledged for
payment while for the debtsot the United States the
whole property of the country is holden to secure
the payment both principal and interest in coin
Ihe Bonds may be subscribed for in sums from
$50 up TO any magnitude, on the same terms, and
are thus made available to the smallest lender and
the largest capitalist. They can be converted into
money at any moment, and the holder will have the
benefit of the interest.
The fact that all duties on imports payable in
specie furnishes fund for ike payment of interest
on all Government bonds largely in excess of tho
wants of the treasury for this purpose.
Upon receipt of subscriptions certificate of de-
posit there In duplicate will be issued the origi-
nal of which will be forwarded by the subscriber to
the Secretary of the Treasury at Washington, with
letter stating the kind registered OF eouponl and
the demon inations of bonds required.
Upon the receipt of the original certificate at the
Treasury Department the bonds subscribed for will
be transmitted to the subscribers respectively.
Subscriptions wi be received by the Treasurer
Of the USued States at Washington and the Assist
ant Tressurers at New York, Boston and Philadel-
phia and by the
First National Bank of Portland. Me-,
First National Bank of Augusta, Me-,
First Ma ional Bank OF Bangor, Ne,
First Nations al Bank of Bath. Me,
First National Bank of Brunswick, Ne,
and by all National Banks which depositaries Of
public money. All respectable banks and bankers
ghout the country will furnish further infor-
mstion on application, and afford every facility TO
subscribers. may20dS w2w'