American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-05-18


These Bonds are issued Under the Act Of Congress Of
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 TO DE REDEEMED
IN COIN the pleasure of the Government ct any pc
rod not less than ten nor more an forty years from their
date, and until their redemption FIVE PER CENT. IN
TERRsT WILL BE PAID IN COIN, on Bonds Of not
over one hundred dollars annually and other Bonds
semiannuay The interest is payable on tho first days
OF March and September in each year
Subscribers viii receive either Registered or Coupon
Bonds they may prefer Registered Bonds record
ed on the books Of the T. s. Treasurer and be trans
ferred only on the owners order. Coupon Bonds are
payabl. to bearer convenient for CONNER
eial
Subscribers to this loan will have the option Of having
accrued interest in coipor in United States notes
the notes Of National Banks adding fifty per cent for
premiual or receive them drawing interest from the
date Of subscription and deposit. As these Bondssrs
Exempt from N,oicipal State Taration,
their value increased from three per cent per
num- according to the rate of leves various parts Of
the country,
At the present rate Of premium on gold they pay
Over Eight Per Cent Interest
in currency, aud Of cqnn convenience as Porms-
ncnt or temporary investment.
tits believed that securities offer 50 great induce
ents to lenders the various descriptions ofU Bonds
In all other forms of Indebtedness the faith ability Of
private parties or stock companies separate commune
ties only Is pledged for payment while fort tho debts Of
the United States the whole property of the country
holden to secure the payment Of both principal and In
tercst in coin:
These Bonds may be subscribed for In sums from $50
p to any magnitude on the terms, and thus
made equally available the smallest lender and tho
largest capitalist They be converted into mohey at
any moment and the holder will have the benefit of the
Interest.
1t may be useful 10 in this connection that the
total Funded Debt of the United States which inter
est is payable gold the Sd day Of March, 1854, was
s7es ac5ooO The interest this debt for the coming
fca year will be s5 937 l26 while tho customs revenn'
IN gold for The current fiscal year. ending June 3oh, 1854
has been 80 far at rate Of over s1COOOooooror annum
It will be seou that the present gold revenues o
the Government are largely excess of the wants Of th
Treasurer for the payment Of gold interest, while the re
cent increase cf the tariff will doubtless raise the annua
receipts from customs on tho same amount Of importa
tions, to Sl5oOO0OCo per annum.
Instructions to the National Banks acting agen
were not issued from the United State Treasury unit
March % but in the first three weeks Of April the sub
scriptgns averaged moro than TEN MILLIONS A WEEK
Subscriptions will bercceiycd by the
FIRST National Bank Of Philadelphia, Pa.
Second National Bank of Philadelphia, Pa,
Third National Bank of Philadelphia, Pa
And by all National Banks
which are depositarios Of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country ucting agents Of the Nation
al Depository Banks) will furnish further information
application and
AFFORD EVERY FACILITY TO SUBSCRIBERS.