The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-05-11
a.. 8. Rae-AaD Esoalds

These Bonds are issued under the Act of
Congress of March Sth, 1854 which provides
that all Bonds issued under this Act shall be
EXEMPT FROM TAXATION by or under any
sta a or municipal authority. Subscriptions
to these Bonds are received in United States
notes or notes of National Banks. They are
TO B5 REDEEMED IN COIN, at the pleasure
of the Government, at any period NOT LESS
THAN TEN NOR MoRB THAN FORTY YEARS from
their date. and until their redemption FIVE
PER CENT. INTEREST WILL BE PAID in
COIN, on bonds of not over one hundred dol
lars annually ard IN 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 or
Coupon Bonds, as they may prefer. Register
ed Bonds are recorded on the books of the
u s. Treasurer. and can lie transferred only
on the owners order. Coupon Bonds are
PAYABLE to bearer, md are more convenient
for commercial uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from
March LIST, by paying the accrued interest IN
coin Tor in United States notes, or the notes
of National Banks, adding fifty per cent. for
pre,nium.) or receive them drawing interest
from the date of subscription and deposit.
As these Bonds are
EXEMPT FROM MUNICIPAL OR
STATE TAXATION,
their value is increased from one to three per
cent. per annum, according to the rate of tax
/ ievies in various parts of the country.
/ At the present rate of premium on gold they
pay
EST.
in currency. and are of equal convenience as
perma anent or temporary investment.
! 1t is beiievod that securities offer so
! great Inducements TO lenders as the various
descriptions of u S. Bonds. In all other
forms of indebtedness, the faith ability OF
private parties or stock companies.or separate
4 oommunit es only is pledged foi payment
Will, for the debts of the United States the
whole property of the country is holden to
/ sscure 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 converted into money at any mo-
ment, and the holder will have the benefit
the inte est.
II may be useful to state in this connection
that the total Funl"d Debt of the United
: States ON which interest is payable in gold
on the da of March, 1864. was S76o, 800,
Iuo0. Tn. in crest on this debt for the com
ing fiscal year ill be $45, ,9e7.l26, while th'
tcustons revenue in gold tor he current hsca
v ar. ending June 30th 1864, has been sV ia
at the rate of over Sl0o, ,000,0eo per annum
II will be seen that even the present golE
8 revenues OF the Government largely in excess
| of the wants of the Treasury or the paymep
, fof gold interest, while the recent increase
the tariff will doubtless raise the annual re-
oeipts from customs the same amount O
importations, TO $50, 100000 per annum.
instructions to the National Banks actin
t a, loan agents we're not issued from the Uni
Q tod States Treas ury until March 26, but i
the first three weeks of April the 5 description
r. averaged more than TEN MILLIONS WEEi
a Subscriptions will be received by the
e First National Bank of Cincinnati o.
n Third National Bank of Cincinnati, y.
Fourth National Bank of Cincinnati, I
al First National Bank Of Cleveland, o.
l. Second National Bank of Cleveland, [
b And by All National Bank
= which are depositaries of Public money, ar
I'd all
ct RESPECTABLE BANKS AND
l. BANKERS
throughout the country, (acting as agents
8, the National Depository Banks,) will furni
j. further information on application and
IN ArPoRD EVERY FACILITY TO SUBSCRIBERS.
G May IL, 1s64-3m,