Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-06-03
U. S. 1910 BONDS.

j, These Bonds are issued under the Act of Con
! gross of March Sth, 1864, which provides that il
c lieu of SO much of the loan authorized by tn
Act of March Sd, 1868, to which this is supple
mentary, the Secretary of the Treasury is au
thorizcd to borrow from time to time, on tn,
credit of the United States, not exceeding TWO
4 HUNDRED MILLION DOLLARS during tn,
current fiscal year, and to prepare and ISSUE
therefor Coupon and Registered Bonds of the
I United States and all Bonds issued under thi.
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 on 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 annu-
ally, and on all other Bonds semiannually.
The interest is payable on the first days OF
March and September in each year. The semi
annual Coupons are payable at those dates, and
the annual Coupons on the so and 100 dollar
Bonds arc payable on the first of March.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. 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 more convenient for commercial
uses.
Registered Bonds viii be issued Of the demo-
limitations Of Fifty Dollars $50, on One Hun
bred Dollars (SlOO), Five Hundred Dollars
$500, one Thousand Dollars 81 ,O0O) Five
thousand Dollars $4,000, and Ten Thousand
Dollars $4,000; and Coupon Bonds of the
same denominations Of Fifty Dollars $3.50, one
Hundred Dollars (SlOO), Five Hundred Dollars
(S5OO), and One Thousand Dollars (Sl, OOO).
Subscribers to this loan will have the option
of having their Bonds draw interest from March
LIST, by paying the accrued interest in coin--or
in United States notes, OF 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 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 leyies in various parts Of the coun-
Try.
At the present rate Of premium on gold they
pay over eight per cent. interest in currency, and
are of equal convenience as a permanent or tenn
pJraIy investment.
1t is believed no securities Offer So great in.
lucements to dealersas the various descriptions 1.
Of U. S. Bonds. In all other forms Of indebted
ness, the faith Or ability OF private parties or
stock companies or separate communities only
is pledged for payment, while for The debts Of
the United States the whole properly Of the
country is holden to secure the payment of both
principal and interest in coin,
These Bonds may be subscribed for in sums
from 500 up to any magnitude on the same
terms, and are thus made equally available to
Inc ma'les, lender and the largest capitalist
They can be converted into money at any mo-
ment, and the holder will have the benefit of the
interest
The fact that all duties on imports are paya-
bic in specie furnishes fund for like payment
IF interest on all Government Bonds largely in
Excess Of the wants Of the treasury for this pur-
pose.
Upon the receipt Of subscriptions a certificate
IF deposit therefor, in duplicate, will be issued
he original of which will be forwarded by the
to the Secretary of the Treasury, at
Washington, with letter stating the kind
registered or coupon) and the denominations
IF bonds required.
Upon the receipt of the original certificates at
he Treasury Department, the bonds subscribed
or will be transmitted to the subscribers respec-
lively.
Subscriptions will be received by the T,-eas,o-
p Of tie United States at Washington, and the
assistant TreasVes at New York, Boston, and
and by the
First National Ban If Bennington VT.
First National Bark , North Bennington VT
First National Bank Of Albany NY.
md by all National Bank which are depositares
IF public money. All respectable banks and
bankers throughout the country will furnish
further information on application, and afford
very facility to subscribers.
COMMISSIONERS NOTICE.
ETrT L. TArsyusy 11..sr tsy,t,