The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-06-22
IT. 8. EO-AsD aSonds

o. g. u VszAsH ABOAASAS
These Bonds are issued under the Act OF
0ongress of March Sth, 1864. which provides !
that all Bonds issued under this Act shall De
EXEMPT FROM TAXATION by or under any
Esta ssr municipal ettho-ity. 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 NOR KosA THAN FokTY YEARS from
their date, and untii tAeir redemption FIVE
PER CENT. INTEREST Will. BE PAID IN
COIN, on bonds of not over one hundred dol
lars annually and "a adj ether Bonds semi
ANNUALLY. The interest Is payable on the
first days OF March and Ssptem5er in each
lyear.
Subscribers will receive either Registered
Coupon Bonds, as they May prefer. Register
ed Bonds are recorded on tAe books of the
| U. S. Treasurer. and can Q transferred only
on the owners order. Coupon Bonds
pay able to bearer, and are more convenient
for commercial uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from
March 1st, by paying the accrued interes. in
leoin--(or in United States notes, or the notes
of National Banks, adding fifty per cent. for
premiurn,) or r. ceive them drawing interest
Ifrom the date of subscription and deposit.
| IS these Bonds are
EXEMPT FROM MUNICIPAL OR
STATE TAXATION,
Their value is Increased from one to three per
sent. per annum, according to the rate of tax
levies in various parts of the country.
AT the present rate of premium op gold they
pay Ts---
lovER EIGHT PER CENT INTER,
En6oa1 1r1T hoi'
in currency, and are of equal convenience as
permanent temporary Investment.
1t is believod that no securities offer so
descriptions of U. S. Bonds. In all othel
forms of Indebtedness, the faith ability o.
(priyate parties or stock companies or separate
Icemmunit es only is pledged 70, payment
while for the debts of the United States th.
whole property of the country is holden te
secure the payment Of both principal and
interest in coin. s@
4 These Bonds may be subscribed for in sums
from $50 up5to any magnitude. on the same
4 erms, and are thus madeegually available tx
he smallest lend.r and the largest capitalist
hey can be conv verted into money atany mo
ilent, and the holder will have the benefit o
he inte est.
I. may be useful to state Ia this connection
hat the total Funded Debt of the United
;tates ON which interest is rayahl" in gold
II the Sd day of March, 1864. was s766 ,96s,
100. The interest on this debt for the com
ng fiscal year will be S4s ,937 1876, while til,
ustoms revenue in gold for the current fsca
.ear, ending june 3oth, 1864, has been su ia
It the rate of over sloo,0pp,eee per annum
1t will be seen that even the present golt
eyenres CT the Gov e1nru el.t largely III exces
If the wants of the Treasury for tile payme
IF gold interest, while The recent increase o
he tariff viii doubtless raise the annual re-
eipts from customs on the same amount o
.mpor.a;ions, to Sic 100000 per annums
Instructions to tie National Banks acting
IS loan agents We're not issued frosn he Uni
ted States Treasury until March 26, but il
he frst three weeks of Apli, the subscription
,versged more than TEN MILLIONS A WEEK
4 subscriptions will be received blythe
J. + First National Bank of Cincinnati. O.
Third National Bank of Cincinnati, D.
Fourth National Bank of CINCINNATI, D
a First National Bank of Cleveland, O.
Second Nation al B;nk Of Cleveland, {
And by All National Banks
which are aepositares of Public money, art
al oG %tE
A. RESPIICTABLE BANKS AND
BANKERS
throughout tie country. (acting as age'tts {
,he National nepositary Ranks,) will furnish
further information application and
AFFORD. EVERY FACILITY 10 sGBscRIBBRs.
May IL, ls64--3m,