Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1864-07-30
u. s. 1910 BONDS.

These Ponds oro issrcd under the Act of Congress
of March sih, 1864, which provides that all Bonds
issued under this Act shall be EXEMPT FROM
TAXATION by or under any state or municipal au-
,horitv Subscriptions to these Bonds are received
in United States notes or notes of National Banks
Tbov are TO BE REDEEMED IN COIN, at the
pleasure of ho Government, at any period not less
thar ten nor more Han Forty gears from their
date and until their redemption FIVE PER CENT.
INTEREST WILL BE PAID IN COIN, on Bonds
Of notoycr one hundred dollars annually and on all
other Bonds semi-annually. The interest is payable
on the first days of March and September in each
years
Subscribers will receive either Registered or Cou-
pon Bonds, MS they may prefer, Registered Bonds
are recorded on the books of the T. s Treasurer,
and can be transferred only the owner order
Coupon Bonds are payable to bearer, and arc more
convenient for commercial uses
Subscribers TO this loan will have the option Of
having their Bonds draw interest from March lst by
paying the accrued interest in coin-(or in United
States notes or the notes of National Banks adding
fifty per cent for premium,) receive them draw
ing interest from the date of subscription and deposit
AS these Bonds are
EXemEst from Municipal or State
Taxation.
there value is increased from one TO three per cent
per according to the rate of tax lcvies in va
rious parts of the country.
At the present rate of premium on gold they pay
OVER EIGHT PER CENT INTEREST
IL; rurropc,. and ore oe nouol convenience rs n nor
manont or temporary investment
1t is believed that no securities offer so great in
duccments to lenders the various descriptions of
U. s. Bonds In all other forms of indebtedness, the
faith ability of private parties stock companies
only is pledged for payment while for the debts of
the United States the whole property Of the coun-
and interest in coin
These Bonds may be subscribed for in sums from
$50 up TO any magnitude, an 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 amount and the holder will have
the benefit of the interest.
1t may be useful to state in this connection tha
the total Funded Debt of the United States on which
interest is payable in gold on the 81 day of March
1864, was S76S, ,06j 600 The interest on this debt
for the coming fiscal year will be Sl5957l26, while
the customs revenue in gold for the current fscat
year ending June 3Oh 1864, has been so far at the
rate of over $1,000 600 per annum
1t will be seen that the present gold revenues
of the Government largely in excess of the wants
Of the Treasury for the payment of gold interest
while the recent increase of the tariff will doubtless
raise the annual receipts from customs the same
amount of fimportatons, to $3.50 000, ,0N0 per annum
Instructions TO the National Banks acting as loan
agents not issued from the United State Trca
sury until March 2j but in the first three weeks o
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will be received by the
First National Bank of Philadelphia. Pa.
Second National Bank of Philadelphia. Pa,
Third National Bank of Philadelphia PA.
First National Bank of Danville Pa
And 10y nVi National EsanIss
which are depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country. (actng agents OF the Ma
tional Depository Banks) will furnish further inlor
nation application and
AFFORD EVERY FACILITY TO SUBSCRIBERS
May 7, 1861,