Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1864-05-21
u. S. 1910 BONDS.


These Bonds are issued under the Act of Congress
March sth 1864 which provides that all Bonds issued
under this Act shall be Exempt from Taxation by
der any state municipal authority, Subscriptions to
these Bonds are received in United States notes
notes of National Banks: They TO be Redeemed
in Coin at the pleasure of the Government at any pc
Rod not less than ten than forty years from
their date and until their rede mpon five per cent in
terest will be paid in coin Bonds of not one
hundred dollars annually and all other Bonds semi
annually. The interest is payable the first days OF
March aud September in each year.
Subscribers will receive either Registered Coupon
Bonds as ther may prefer. Registered Bonds re-
corded on the books Of the o. s. Treasurer and can be
transferred only the owners order. Coupon Bonds
are payable bearer and convenient for COM
mercial uses.
Subscribers to this loan will have the option Of hsv-
ing their Bonds draw interest from March 1s by pay
ing the accrued interest in con(or in United States
notes. or the notes Of National Banks adding fifty per
cent for prenium) or receive them drawing interest
from the date of subscription and deposit As these
Bonds are
EXEMPT FROM MUNICIPAL OR STATE TAXATION,
their value increased from to three per eeht per
anuum according to the rate of leyies in
parts of tho country.
AT the present rate of premium on gold they pay
OVER EIGHT PER CENT. INTEREST
in currency, and are of equal convenience perma
nent temporary investment
II is believed that no securities offer great induce
mtns to lenders as the various descriptions of u s.
Bonds In all other forms Of Indebtedness the faith or
ability of private parties stock companies separate
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 prn-
cipa and interest in coin.
These Bends may subscribed for in sums from $50
up to any magnitude, the terms, and are thus
made eanay available to the smallest lender and the
largest capitalist. They be converted into money
at any moment and the holder will have the benefit of
the interest.
1t NAV be useful to state in this connection that the
total Funded Debt of the United States which inter-
payable in gold the 81 day of March, 1864 was
SOS The interest this debt for the coming
fiscal year will be SIS 1885, while the customs reven-
in gold for the current fiscal yea ending June 3Oth
1864 has been far at the rate of s10o0O000o
1t win be seen that even the present gold of
the largely in of the wants OF
the Treasury for the payment of gold interest," while
the recent of the tariff will doubtless raise the
annual receipts from customs on the amount Of
importations 10 sl5O, G00,OUO per
Instructions TO he National Banks acting loan
age not issued from the United States Treasury
unit March 20, but in the first three weeks of Apri
The subscriptions averaged more than Ten Millions
Week.
Subscriptions will be resolved by the
First National Bank of GAINESVILLE.
First National Bank of Milwaukee, Wis.
First National Bank of Madison, Wis.
And BY all National Banks which are depositaries Of
Public money and all Respectable Banks and Bankers
throughout the country (acting agents of the Ma
tional Depository Banks will furnish further infora
ton application and afford every facility to subscri
bers 2-m2