The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1864-06-03

]. \. lO-4O BONDS.

j. \. W-4O BUNDS.
These Bonds are Issued under the Act OF Con-
gress OF March sth. 1864, which provides that all
Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or under any State or mu.
niclpal authority. Subscriptions to these Bonds
are received In United States notes or notes OF Ma
tiOnal Banks. They arc TO BE REDEEMED IN
COIN, at the pleasure Of the Government, ut any
period NOT less than ten nor more tAsn forty years
from their date. and until their redemption FIVE
PER CENT. INTEREST WILL BE PAID IN
COIN, on Bonds OF not over one hundred dollars
annually, and on all other Bonds emLannually.
The interest is payable on the FIRST days Of March
and September In each year.
Subscribers viii receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the books Of the u s. Treas
urer and can be transferred only on the owners or.
der. Coupon Bonds are payable to bearer and
are more convenient for commercial uses
Subscribers to this loan will have the option Of
having their Bonds draw interest from March LIST,
by paying the accrued interest in coin-tor In U.
States notes. or the notes OF National Banks, add
Ing my per cent premium) or receive them draw
Ing interest from tho date Of subscription and do
deposit. As these Bonds are
Exempt from Municipal or State Taxation,
their value is increased nom one to three per cent
per annum, according to the rate OF tax levles In
various parts Of the country.
At the present rate Of premium on gold they pay
Over Eight Por Cent. Interest
Gin currency and are OF equal convenience rs per-
maneut or temporary investment.
1t Is believed that no securities offer great in
ducements to lenders rs the various descriptions
OF U. s. Bonds. In all other forms OF indebtedness
the fAith or ability os private parties stock CON-
panies or separate communities only Is pledged for
payment, whilo for the debts OF tho United States
the whole property OF tho country is holden to Sc
cure the payment Of both principal and interest In
colin.
These Bonds may DO subscribed for in sums from
$50 up to any magnitude, on the same terms, and
are thus made equally available to the smallest
lender or the largest capitalist They can be con-
verted into money at any moment, and the holder
will have the benefit Of the interest.
II may DO useful TO state In this connection that
the total Funded Debt Of the United States on
which interest is payable in gold, the ID day of
March, 1864. was s76s ,965ooo. Tho interest on this
debt for the coming fiscal year will be $780,
1906 while the customs revenue in gold for the cur
rent fiscal year. ending June aOh 1884, has been SO
far at the rate Of over 500 100000 per annum.
1t will be seen that even the present gold rcvc-
nues of tho Government arc largely in excess of
the wants Of the Treasurer for the payment Of gold
interest," while the recent increase Of the tariff will
doubtless raise tho annual receipts Of customs on
the same amount Of importations, to si5O,Oo 900
per annum.
Instructions to the National Banks acting as loan
agents were not issued from tho United States
Treasury until March %, but In the nrst three
weeks Of April tho subscriptions averaged moro
than TEN MILLIONS A WEEK.
Subscriptions viii DO received by tho
First National Bank Of Bangor, Me-,
VT. ~. ,to,., m. NJ NJ hath Mo
FIRST National Bank Of brunswick, No.,
First National Bank CT Portland, Me-,
AND BY ALL NATIONAL BANKS
which are dcpositarics OF public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country tacting rs agents Of the
National Depository Banks,, will furnish further
information on application, and
10 4gord erery fae,iiiy TO sae'erieers. Pm