The Union. [volume] (Georgetown, Del.) 1863-1866, 1864-05-27
D. :. il-la RlAlS.I

Theses bonds are issued under the ACT Of Congress
of Msrch 9Th, 1884. which provides thst all Bonds
issued Under this ACT ahsu be ExEMPT FROM
TAXATION by or under any stAta Of municipal
authority. subsoriptionsto these Bonds are re-
celved In United States notes or notes of National
Bzasas They are TO BE REDEEMEDTN COIN.
at the pleasure Of the Government at nny period
rot Kiss han tsh nor mors Ma~ Jorty gears from
their date, and until their redemption FIVE PER
GENT. INTEREST WILL BE PAID IN coTE,
or Beads Of not over one hundred dollars annu-
ally and on all other Ronds semi aDaaaily. The
interest is payable on tho first days Of Msrch and
September in. each year.
Subscribers will receive etherRegistersd or Cou-
pom Bonds, as they may prefer. Registered Bonds
are recorded on the books of the q. s. Treasurer.
and can be transferred only en- the owners order.
Coupon Bonds are payable to bearer, and are more
convenient for commercial uses .fl ~
Subscribers to this loan will have the option of
having their Bonds draw interest from March LIST,
by paying the accrued interest in ooin--or in Uni
ted States nStes, the notes of National Banks,
adding fly per cent for premium,) receive them
rawing interest from the date of subscription and
deposit, As these Bonds are
Erenlpt from Mli'sicipaior State Tagation,
per apnnls, .saording the-rate of tax lesiss in
various parts of the country.
At the present rate of premium on gold they pay
Over Eight Per Cent Interest.
in currency, and of equal convenience as per-
manent or temporary Investment.
1t is believed that no securities offer SO great in
ducements to lenders as the Eaeious descriptions Of
.. S. Bonds. In all other forms of indebtedness;
the faith or ability Of private parties stock com
panies 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 Sc
cure the payment 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 con-
verted into money at any moment, and the holder
will have the benefit of the interest.
Itnay be useful to state in this connection that
the total Funded Debt of tho United States on
which interest is payable in gold on the Sd day of
March, 1864 was $7Gs,e65,g00. The interest on
this debt for the coming scal year will be S45 937
l26, while the customs revenue in gold for the cur
rent fiscal year, ending June Both, 1854 has been
SO far at the rate Of over 800, 100000 per annum
1t will be seen that even the present gold rove
nues efthe Government largely in excess Of the
wants Of the Treasurer for the payment Of gold in
terest while the recent increase Of the tariff will
doubtless raise the annual receipts from customs OF
the same amount of importations, to $50 200
per pnntim
Instructions to the National Banks acting as loan
agents were not Issued from the United State Treas
ury until March 20, but in the first three weeks of
April the subscriptions averaged more than TEN
MILLIoNs'A WEEK.
Subscriptions will be received by the =
!. First National Bank of Philadelphia, Pa.
Second National Bank of Philadelphia, Pa.
Third National Bank of Philadelphia, Pa.
First National Bahk of BALTIMORE Nd,
First National Bank Of Washington, d. C.
AND BY ALL NATIONAL BANKS
which urs depositaries Of Public money; and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (aeting as agents of the
Ratisna Depository Banks,l will furnish further
information on application and afford
Every Facility TO Subscribers.
May IL, I6G4.-Sm. inside,