Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1864-05-11
/. !. lO-4O BONDS.

'hESk Bonds are issued under the Act of Congress
Il of March sth, 1864, which provides that on Bonds
issued under this Act shall be EXEMPFFROMTAy.
ALTON by or under any state or municipal authority
Subscriptions 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 than foty TEARS from their date and until their
redemption FIVE PER CENT. INTEREST WILL
BE PAID IN COIN on Bonds of not over one hun
dred dollars annually and on all other Bonds semi
annually The interest payable on the first days of
March and September in each year.
Subscribers will receive either Registered or Cou.
pom Bonds, as they may prefer. Registered Bonds
are recorded on the books of the T. s. Treasurer and
can be transferred only on the owners order Cou-
pom Bonds payable to bearer, and are more con.
yenient for commercial uses.
Subscribers to this loan will have the option Of hsv.
ing their Bonds draw interest from March Ist, by
paying the accrued interest in coin-lor 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 deposte
As these Bonds are
Exempt from Municipal or State Taxation,
their value Is increased from one 10 three per cent
per annum, according to the rate of tax leves in va
rious parts of the country.
Atthe present rate of premium on gold they pay
Over Eight Per Cent. Interest
IN currency, and are of equal convenience as per
manent or temporary investment
is believed that no securities offer so great induee
ments to lenders the various descriptions Of L. S
Bonds In all oter forms of indebtedness the faith
or ability OF private parties stock companies or
separate communities only is pledged for payment
while for the debts of the United States the whole
property of the country is holden to secure the pay
nent of both principal and interest in coin.
These Bonds may be subscribed for in sums from
$50 up TO any magnitude, on the same terms and are
thus made equally available to the smallest lender
and the largest capitalist. They can be converted
into money at any moment and the holder will have
the beneh of the interest
1t may be useful TO state this connection that the
total Funded Debt of the United States ON which in
erest payable in gold on the Sd day of March, 1864
was SI6s965,0G0. The interest on this debt for the
coming fiscal year will be si5e37 7l2s while the Gus
toms revenue in gold for the current fiscal year,
ending June 30th, 1854 has been so far nj the rate o.
over SloO,o0O,OO0, per annum
1t viii be seen that the present gold revenues
oi the Government are largely 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 sI5OoO00O0 per annum.
instructions TO the National Banks acting as loan
agents were not issued from the United States Tress
ury until March 20, but in the first three weeks ol
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions viii be received by the
| First National Bank of Philadephis, Pa.
| Second National Bank of Philadelphia, Pa
| Third National Bank of Philadelphia, Pa.
AND BY ALL OTHER BANKS
which are depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents OF the :"
tional Depostary Banks,) will furnish further HiO'
| nation on anplirat,op on5