The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-06-03
u. S. 1910 BONDS.

These Bords are issued under the Act Of Con.
gress Of March 9Th, 1864 which provides that all
Bonds Issued under this Act shall be EXEMPT
FROM TAXATION by or under any state or
municipal authority. Subscriptions to these
Bonds are received in United States notes or
notes OF National Banks. They uie TO BE
REDEEMED IN COIN, at the pleasure of the
Government, n any period not less hIn ten nor
more than forty years from their date, and until
their redemption FIVE PER CENT. INTER.
EST WILL BE PAID IN COIN, on Bonds of
not over one hundred dollars annually ard on nli
other Bonds semi annually. The interest is pay.
able OR the first day OF Match and September in
each year.
Subscribers will receive either Registered or
Coupon Bouds, as the} may prefer. Registered
Bonds are recorded on the books Of the u. s.
Treasury, and can be transferred only on the
owners order. Coupon Bonds are payable to
bearer, aud ore 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 cont. for premium or re-
ceive them drawing inteies, from the date Of
subscription and deposit. As these Bonds are
Exempt from Municipal or Stale Taxation,
their value is increased from one TO three per
cent. per annum. according to tho rate OF leyios
in various parts OF the country.
Atthe presentrale of premium ON gold they pay
Over Eight Per Cent. Interest
in currency, and are Of equal convenience as
permanent or temporary invc stment,
Ii is believed that no securities oilor 20 great
induce ements 10 lenders os the various dcscrip.
tions of U. S. Bonds. In all other iorps OF in.
debtedness, the faith or ability Of private par
tiee or stock companies or separate con,muni-
ties only is pledged for pay men, while for the in
debiedness Of the United States the whole prop
erty of the country is holden to secure the pay
ment Of both principal and inieres, in coin.
These Bonds may be subscribed for in sums
from $50 up to any magnitude, on the same
terms, und arc thus made equally available to
the smallest lender and the largest capitalist
They can be converted into money at any mo.
mont, md the holder rwill have tho benefit Of the
interest. ..
1t may be useful TO state in this connection,
that the total Funded Debt Of the United States,
on which interest is payable In gold on the Sd
day of March, ls64,wns s76s ,965 600. The inter.
est this debt for the coming fiscal year will be
S45 ,937,l26, while the customs revenue in gold
for the current fiscal year, ending June soth,
1864, has been, SO far at the rate oi over $780,
100000 per annum.
/, will be seen that even the present gold rev.
enues Of the Government are largely in excess
of the wants Of the Treasury for the pa ymeht Of
gold interest, whilo the recent increase Of the
tariff will doubtless raise the annual receipts
from Gu stoms on the same amount Of imporla.
tions, to $3.50, ,ecO,ooO per nnnum.
Instructions to the National Banks acting as
loan agents we're not issued from tho u. States
Treasury until March 26, but in the first three
weeks of April the subscriptions averaged more
than TEN MILLIONS A WEEK.
Subsc ptiona will be recaiyed hv al