American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-07-20
U. s. 1910 Bonds.

These Bonds issued undcT the Act Of Congress Of
March Sth 1864 which provides that all Bonds issued
der 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
notes Of National Banks They arc TO BE REDEEMED
IN COIN the pleasure Of the Government at any pc
riod aolcs HaHtcR than orii years from their
date and until their redemption FIVE PER CENT. IN
TERRsT WILL DE PAID IN COIN, Bonds Of not
over one hundred dollars annually and on other Bonds
semiannualIy The interest payable the first 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 books of the L. s. Treasurer and be trans
fcrrcd only on the owners order. Coupon Bonds are
payable to bearer and are convenient for
Cia
Subscribers to this loan will have the option Of having
their Bonds draw interest from March 1st by paying the
accrued interest in conor in United States notes
the notes Of National Banks adding fifty per cent for
premium) or receive them drawing interest from the
date of subscription and deposit As these Bonds
Exempt from Manicipul or State Taration,
their values increased from three per cent per
num- according to the rate Of levies in various parts
the country.
At tho present rate of premium OH gold they pay
Over Eight Per Gent Interest
in currency, and arc of equal convenience pcrma-
nent temporary Investment.
1t believed that no securities offer great induce
mcns lenders the various descriptions Oft s. Bonds
In all other forms of Indebtedness the faith ability Of
ties only pledged for payment while for the debts Of
the United States the whole property Of the country is
holden to secure the payment Of both principal and in
terest in coln
The.e Bonds may be subscribed for in sums from $50
pto any magnitude, the terms, and are thus
made equally available to the smallest lcnder and tho
largest capitalist They be converted into money at
any moment and the holder will have the benefit of the
interest.
1t may be useful to state this connection that the
total Funded Debt of the United States which inter
est is payable in gold the Cd day of March, 1904 was
s70s 965OOO The interest this debt for the coming
hcal year will be s45937 126 while the customs revenue
in gold for fiscal year. ending June 3oth 1851
has been SO far at Of slOOoOooooper annum
1t will be seen that the present gold revenues Of
the Government largely in Of the wants of the
Treasurer for the payment of gold interest while the
cent increase of the tariff will doubtless raise the annual
receipts from customs the amount Of importa
tions, to s15OOO0 GOO per annum.
Instructions the National Banks actlngas loan agents
were not issued from the United State Treasury until
March o. but in the first three weeks Of April the sub
scriptions averaged more than TEN MILLIONS WEEK.
Subscriptions will be received by tho
First National Bank Of Philadelphia, Pa
Second National Bank Of Philadelphia, Pa.
Third National Bank Of Philadelphia, Pa.
And by all National Banks
which arc depositares Of Publc money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country acting agents Of the Nation
al Depostary Bans will furnish further information on
application and
AFFORD EVERY FACILITY TO SUBSCRIBERS