Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-05-11

These Bonds are issued under the Act of Congress
of March 9Th, 1884, which provides that in lieu of SO
much of the loan authorized by the act of March 3d.
1862 to which this is supplementary, the Secretary
of the Treasury is authorized to borrow from time to
ime on the credit of the United States not exceed
ing TWO HUNDRED MILLION DOLLARS dur
ing the current fiscal year, and to prepare and issue
therefor Coupon and Registered Bonds of the United
States and all Bonds issued under this Act shall be
State or municipal authority. Subscriptions to
these Bonds are received in United States notes or
notes of National Banks They are TO BE RE-
DEEMED IN COIN, at the pleasure of the Govern
ment at any period not less than ten nor more than
forty years from their date and until their redemp
tion FIVE PER CENT. INTEREST WILL BE
PAID IN COIN, on Bonds of not over one hun
dred dollars annually, and on all other Bonds semi
annually.
The interest is payable on the first days of March
and September in each year. The semi-annua
Coupons are payable at those dates, and the annual
Coupons on the so and 100 dollar Bonds are payable
on the first of March,
Subscribers will receive either Registered or Cou-
pom Bonds, as 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 more
convenient for commercial uses.
Registered Bonds will be issued of the denomina-
tions of Fifty Dollars (s5O), One Hundred Dollars
(slOO), Five Hundred Dollars (S5OO), One Thousand
Dollars ($l OOO Five Thousand Dollars (S5OOO. and
Ten Thousand Dollars (S1OOOO); and Coupon Bonds
of the denominations of Fifty Dollars tS5O. One
Hundred Dollars (slOO, Five Hundred Dollars (s5OO
and One Thousand Dollars $1,000.
Subscribers to this loan will have the option of
having their Bonds draw interest from March ls by
paying the accrued interest in coin-tor United
States notes. or the notes Of National Banks, adding
fifty per cent for premium,) or receive them draw
ing interest from the date of subscription and de
posit.
As these Bonds are exempt from municipal or
three per cent per annum, according to the rate of
tax lcvies in various parts of the country.
At the present rate of premium on gold they pay
over eight per cent interest in currency and of
equal convenience as permanent or temporary in
ycstment.
1t is believed that no securities offer so great in
ducements to lenders as the various descriptions of
U. S. Bonds. In all other forms of Indebtedness,
the faith or ability Of private parties stock com
panies or separate communities only is pledged for
payment, while for the debts of the United States
the whole property of the country is holden to So
cure the payment of both cipal 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 moment and the holder will have
the benefit of the interest.
The fact that all duties on imports are payable in
specie furnishes fund for like payment of interest
on all Government Bonds largely in excess of the
wants of the treasury for this purpose.
Upon the receipt of subscriptions a certificate of
deposit therefor, in duplicate, will be issued the
original of which will be forwarded by the subscr-
Der to the Secretary of the Treasury, at Washing
ton with letter stating the kind Registered or cou
pam and the denominations of Bonds required.
Upon the receipt of the original certificates at the
Treasury Department, the bonds subscribed for will
be transmitted to the subscribers respectively.
Subscriptions will be received by the Treasurer Of
the United States at Washington, and the assistant
HedsurerS at New York, Boston and Philadelphia,
and by the First National Bank Of Columbus, o.,
and by all National Banks which are deoositaries Of
public money. All respectable banks and bankers
throughout the country will furnish further infor-
nation on application, and afford every facility to
subscribers. may2-d&wew