Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-08-24
u S. 1910 BONDS.


These Bonds are issued under the Act of
Congress # March 6th, 1864, which pro-
vides that all Bonds issued under this Act
shall be EXEMPT FROM TAXATION bv
OF under any state or municipal authority
subscriptions TO these Bonds are received IN
Sh'ted States notes or notes Of National
banks. They are To BE REDEEMED IN
NOIN, at the pleasure of the Government.
- - any period not less than ten nor more Hal
; Jofty gears from their date, and until redemp-
JiGn 1lyt 1 ~ Il PER CENT. INTEREST WILL
/ BE PAID IN COIN, on Bonds of not over
one iGL0red dollars annually and on all
other bonds semi~aUuually. The interest is
payable on the first days of March and sem
tember in each year
Subscribers viii receive either Rapist.raI
or Coupon Bonds, as they may prefer Re-
gstered Bonds are recorded on the books Of
the Z. S. Treasurer. and can be transferred
only or the owners order. Coupon Bonds
are payable to bearer, ana are more conve>
hient for commercial uses.
Subscribers to this loan viii have the Cd,
tion Of having their Bonds draw interest
from March Ist. by paying the accrued in
( terest in coin-(or in United States notes,
or the notes of National Banks. al ling fifty
per cent. for premium.) or receive them
drawing interest from the cate Of subscrip>
ton and depOSitc. As these Bonds are
EXEMPT FROM MUNICIPAL OR STATE
TAXATION,
their value is increased from one TO three
per cent. per annun, according to the rate
"i tax levjes in various parts of the country.
Al the present rate Of premium on go3
they pay
/ OVER EIGHT PER CENT. INTEREST
. IN currency, and are Of equal convenience
rs Il permanent or temporary investment
Ii is believed that no securities offer s.
great inducements TO lenders as the various
descriptions of L. s. Bonds. In all other
forms of indebtedness, the faith or ability of
private parties or stock companies or sepa-
rate communities only is pledged for pay
( meHt, while for the debts of the United
States the whole property of the country Is
! holden to secure the payment Of both prir~
/ Cipal and interest In coin.
These Bonds may be subscribed for in
/ sums from $50 up t. any magnitude, on the
+ same terms, and are thus made equally
/ available to the smallest lender and and
! the largest capitalist. Thsy can be con-
| verted into money at any moment, and the
/ holder VIII have the benefit of the interest
/ 1t may be useful to state in this conncc
! ton that the total Funded Debt of the United
/ States on which interest is payable in goI3.
J on the 81 day Of March, 1864, was S76S,-
/ gG5 900. The interest on this debt for the
coming fiscal year VIII lie S45 ,937 ,I26.
. willie the cys,oals revenue in gold for the
current fiscal year, enaiuy June 30th. 1864,
has been 50 far al the rate Of over $l00, 900,
/ 600 million per annum.
/ It will DC seen that even the present gold
/ revenues Of the Government are largely in
/ excess Of the wants Of the Treasury fov the
/ payment of gold interest. while the recent
/ Increase Of the tariff will doubtless raise the
annual receipts from customs on the same
amount Of importations, to $I50,c00,O00
/ per annUm.
Instructions to the National Banks acting
as loan agents were not issued from the
I United States Treasury until March 20, but
/ in the first three weeks of April the sub
/ scriptions averaged more than TEN MIL~
( LIONS 4 WEEK.
Subscriptions will be received by the
First National Bank of Philadelphia Pa
Second National Bank Of PhIadeldhia Pa,
Third National Bank Of Philadelphia. Pa
. AND BY ALL OTHER NATIONAL
BANKS
which are repositories Of Public money.
. and all
/ RESPECTABLE BANKS & BANKERS
throughout the country. (acting as agents of
the National Depository Banks) viii furnish
further information on application and
/ AFFORD EVERY FACILITY TO SUR
SCRIBERS.
June %. 1864 If