Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1864-05-23
U.s. BONDS o.
q. s. 1O-4O BONDS.

These Bonds are issued under the Act Of Congress Of
March 9Th, 1864, which provides that in lieu of so much
of the loan authorized by the Act Of March Sd, 1868, to
which this is supplementary, the Secretary Of the Treas
ury is authorized to borrow from time to time on
the credit Of the United States, not exceeding w
NDRE MILLION DOLLARS during the current
fiscal year, and to prepare and issue therefor Coupon
and Registered Bonds Of The United States; aud all Bonds
issued under this Act shall be EXEMPT FROM
rIoN by or under any State or municipal authority.
subscriptions to these Bonds are received in United
States notes or notes of National Banks. They are TO
BE REDEEMED IN COIN, at the pleasure of the Gov
eminent, at any period NOT Tess IAN ten nor more htass
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 semi-annuslly.
The interest is payable on the first days of March and
September in each year. The semi-annual Coupons are
payable at those dates, and the annual Coupons on the
$50 and 500 Bonds are payable on the first of March.
Subscribers will receive either Registered or Coupon
Bonds as they may prefer. Registered Bonds are re-
corded on the books Of the United States 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 viii be issued Of the denominations of
Fifty Dollars $50, One Hundred Dollars $500, Five
Hundred Dollars (s5oV,l One Thousand Dollars $4,000,
Five Thousand Dollars sS,OOo), and Ten Thousand Dol
lars (s1O, CON; and Coupon Bonds of the denominations Of
Fifty Dollars ESQ, One Hundred Dollars $500, Five
Hundred Dollars (s5OO), and One Thousand Dollars
(sl ,OOO.)
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 Unired States notes, or the
notes of National Banks. adding f ty p r cent. for pre-
mium.) or receive them drawing interest from the date of
subscription and deposit.
As these Bonds are exempt from municipal or State
taxation, their value is increased from one to three per
cent. per annum, according to the rate of tax levies in
various parts Of the county.
At the present rate of premium on gold they pay over
venience as a permanent or temporary investment.
1t is believed that no securities offer so great induce
mens to lenders as the various descriptions Of U. S.
Bonds. In all other forms of indebtedness, the faith or
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 principa
and interest in coin. ~
up to any magnitude, ON the same terms, and are thus
made equally available to the smallest ender and the
largest capita list. They can be converted into money at
any moment, and the holder will have the benefit of the
interest. q.
The facr that all duties on imports are payable in specie
furnishes a fund for like payment of interest on all Gov
crnment Bonds largely in excess Of the wants of the
treasury for this purpose.
Upon the receipt of subscriptions a certificate Of deposit
therefore, in duplicate, will be issued, the original of
which will be forwarded by he subscriber to the Secre-
tary of the Treasury, at Washington, with a letter stating
the kind registered or coupon and the denominations of
bonds required. u
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 ofMe
United States. at Washington, and the assistant Treas
urers at New York, Boston and Philadelphia, and by the
First National Bank of hdi tnapOis, nd, and by all
National Banks which are depOsitares of public money.
All respectable banks and bankers throughout the coun-
try will furnish further information on application, and
afford every facility to Subscribers.
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