The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1864-07-27
U. S. 1910 B0NDSl

TVNIIESE Bonds are issiied under the act of
Congress Of March Sth, 1854, which
provides thatall Bonds ISSUED under this Act
shall be EXEMPT FROM TAXATION by
or under any state or municipal authority.
Subscriptions to these Bonds are received i'm
United States notes or notes of National
Banks. They are TO BE REDEEMED IN
COIN, at the pleasure of the Government at
any period not less than ten nor more than
forty years from their date. and until their
redemption FIvEPER CENT. INTEREST
WILL BEPAID IN COIN, on Bonds of not
over one hundred dollars annually and on
all other ondssemi-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. Re
gistered 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 conve-
nient for commercial uses.
Subscribers to this loan, will have the op-
ton of having their'Bonds draw interest
from March 1st, by paying the accrued in
terest in coin--tor IN United States notes. or
the notes of the National Banks, adding fifty
per cent. for premium,) or receive them
drawing interest from the date of subscip-
tlou and deposit. as the Bonds are
Exempt from Municipal or State
Taxation,
their value is increased from one to three
per cent. per annum, according 10 the rate
of tax levies in various parts of the coun-
try.
At the present rate of premium on gold
they pay
Over Eight Per Cent. Interest
in currency, and are of equal convenience
as a temporary investment.
1t is believed that no securities offer so
great inducements to lenders as the various
descriptions of U. 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
ment, while for the debts of the United
States the whole property of the country is
holden to secure the payment Of both prin-
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 lar
gest capitalist. They can be converted in
to money at any moment, and the holder
will have the benefit of the interest.
1t may be useful to state in this connec-
ton that the total funded debt of the United
States on which interest is payable in gold,
on the Sd day Of March, 1864, was $768, $685.
900. The interest on this debt for the coming
fiscal year will be Si5, 1887, l26, while the Gus
toms revenue in gold for the current fiscal
year, ending June Both, 1864, has been at the
rate of over 800, 100000 per annum.
1t will be seen that even the present gold
revenues of the Government are largely in
excess of the wants of the Treasury for the
payment of gold interest, while the recent
increase ef the tariff will doubtless raise the
annual receipts from customs on the same
amount of importations, to $l5O,OO0.OoO per
annum.
Instructions to the National Banks acting
as loan agents were not issued from the Uni
ted States Treasury until March 26 but in
the first three weeks in April the subscrip-
tions averaged more than TEN MILLIONS
a WEEK. "''
Subscriptions will be received by the
First National Bank of Catliz. d.
And by all National Banks which are depos-
itaries of Public money, and all
RESPECTABLE BANKS and BANKERS
throughout the country, (acting as agents Of
the National Depository Banks,) will fur
ther information on application and
AFFORD EVERY FACILITY TO SUB
,.s, e. >,. ,SCRIBERS., ....5
Juno & 12G4-olnO inside