The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-05-04
o. s. IO-4O BONDS.


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 author !
ity Subscriptions TO these Bonds are re
ceived in Units6 States notes or notes of (
National Banks. They are To BE RE |
DEEMED IN COIN, a, the pleasure of ths
Government, al any period rot less than
len nor moro than forty years from their
date, and uull their redemption FIVE
PER CENT. INTEREST WILL BE PAID
IN COIN, on Bonds OF no, over one hum
dred dollars annually and on all other
Bonds .semi.annusly. The interest 10 pay-
able on the first days of March and Sep
tember in each year.
Subscribers will receive eth er Regis
tered or Coupon Bonds, as they may pre-
fer. Registered 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 m moie convenient for co mmercial uses.
Subs cribers 10 this loan will have the
option of having their Bonds draw interest
from March ist, by paying The accrued in-
terest in coin-(or ia United States notes,
or the notes of Natl iona Banks, adding fif.
ty per cent. for pre- mium,) or receive them
drawing interest from the date OF subscrip-
ton and deposit. As .hsse Bonds are
Exempt from Municipal or Estate
TaXatiOn,
their value is increased from one to three
per cent per annum, according TO the rate
of tax levies in various parts OF the couu.
Try.
A. the present rate of pre- MUM on gold
they pay
OVER EIGHT PER CENT INTEREST
in currency, and are of equal convenience
q permanent or temporary investment.
II is believed that no securities offer so
great induce mems to lenders as the various
descriptions of u S. Bonds In all other
forms of indebtedness, the faith or ability
oil private parties or stock companies or
separate communities only is pledged for
payment, while for the debts Of the Uniled
States the whole property of the country
is holden TO secure the paymen, Of both
principal and interest in coin.
These Bonds may be subscribed for in
sums from $50 up to any magntu de, on
the same terms, and are thus made equally
available to the smallest lender and The
largest capitalist. They can be converted
into money al any moment, and The holder
will have the benefit of the interest.
II may be useful TO state in this connec-
ton that The total Funded Debt of the
Uuited States on which intereet is pay able
in gold, on the Sd day of March, 1864, was
S76s, ,965 1000. The interest on this deb,
for the coming fiscal year will be 50 5,o37,
i26, while She customs revenue in gold
| for the current fiscal year ending June
s0lb, 1864, has been 30 far al the rate OF
over siQe, 900 900 per annum.
Ii will be seen that even the present
! gold revenues OF the Government are large.
/ ly 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 amonn; of impous,ions, 10 sl50,
900 900 per annum,
Instructions 10 the National Banks act
ing as loan agents were not issued from
the United Stale Treasury until March 90,
but in the first three weeks OF April The
subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will be received by all
National Banks
which are deposlaries of public none y
and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents
OF the National Depositary Banks,) will
furnish further information on application
I and
AFFORD EVERY FACILITY TO SUB
/ SCRlBERS.
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