Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-07-13
u. s. lO-4O BONDS.

These Bonds issued under the act of Con
gress of March Sth, 1864, which provides that all
bonds issued under this act shall be ersmpt from,
taxation by under any State municipal au-
thority. Subscriptions to these bonds receiv-
ed in United States notes notes of National
Banks. They TO BE REDEEMED IN COIN, at the
pleasure of the Government, at any period not
less HaV tee nor more than forty gears from their
date, and until their redemption CENT.
WILL PAID COIN, Bonds of not over one
hundred dollars annually and on all other Bonds
semi annually The interest is payable on the
first days of March and September in each year.
Subscribers will receive either Registered
Coupon Bonds rs 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 II ore convenient for Commercial
uses.
Subscribers to this loan will have the option of
having their Bonds draw interest from March lst,
by paying the accrued interest in con-lor in u
nited States notes, the notes of National Banks,
adding fifty per cent for premiuIn,) or receive
them drawing interest from the date of subscrip-
tion and deposit AS these Bonds
Exempt from Municipal or State Taxation,
their value is increased from one to three per
cent. per annun, according 70 the Of
Ievies il various parts of the country.
ut the present rate of premium gold they pay
OVER Eight PER CENT INTEREST
in currency. and are Of equ:d convenience
permanent temporary investment
1t is believed that securities offer so great
inducemeaJ to lenders the various descriptions
of t. ). Bonds. In all other forms of indebted
ness, the faith or ability of private parties
stock companies seperate 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 payment of both princi-
pal and interest in coin.
These bonds may be subscribed for in sums from
500 up to any magnitude, on the same terms, and
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 benefit Of the interest
1t may be useful to state in this connection that
the total Funded Debt OF the United States on
which interest is payable in gold, the Sd day
of March 1854 was SOS 1855, 900. The interest on
this debt for the coming fiscal yoar will be S45,-
937 .I26, while the customs revenue in gold for
the current fiscal year, ending June 3Oth, 1864,
has been so far at the rate of over SIOO, ,gde eco
per annum.
1t viii be seen that the present gold rev
enues of the Government largely in excess of
the wants of the Treasurer for the payment of
gold interest while the recent increase Oh the tar
if will doubtless raise the annual receipts from
customs the amount of importations, TO
Sl50,0e00 900 per annun.
Instructions to the National Banks acting as
loan agents were net issued from the United
States Treasury until March %. but in the first
three weeks of April the subscriptions averaged
more than TEN MILLIONS WEEK.
Subscriptions will be received by the
First National Bank of Philadelphia, Pa
Second National Bank of Philadelphia, Pc,
Third National Bank of Philadelphia, Pa,
AND By ALL NATIoHALP PANKs.
which depositaries of Public money and ali
RESPECTABLE BANKS AND BANKERS
throughout the country, tactipg as agents of the
National Depository Banks,) viii furnish furthee
information OF application and a6on! soexy taea-
fsg 10 se5seassrs- May II, ls64-2tmoss