Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-07-28
=. S. 1910 Bonds.


These Bonds are issued Under the Act of
Congress of March 8th, 1864, which provides
that all Bonds issued under this act shall be
EXEMPT FROM TAXATION by or under
any state or municipal authority. Subscrp-
tions 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 Government, at any period not
less than ten nor more than forty ysers 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
annually. The interest is payable on tie
first days Of March and September in each
year.
Subscribers will receive either Registered
or Coupon Bonds, as they may prefer. Reg
istered 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 convenient
fer commercial uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from
March 1st, by paying the accrued interest in
coiu-(or in United States notes, or the
notes Of National Banks, adding fifty per
cent for premium, 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 tax lev
les in various parts of the country
At the present rate of premium on gold
they pay
Over Eight Per Cent. Interest
in currency, and are of equal convenience as
permanent or temporary investment.
1t is believed that no securities offer so great
Inducements to lenders as the various descrip
tions of Z. S. Bonds In all other forms o
indebtedness, the faith or ability Of private
parties or stock companies or separate com
munities 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 principal and interest il
coin
These Bonds may be subscribed for il
sums from $50 up to any magnitude, on the
same terms, and are thus made equally avail
able to the smallest lender and the larges
capitalist. They can be converted int
money at any moment, and the holder vii
have the benefit of the interest.
It may be useful to state in this connection
that the total Funded Debt of the Z. State
on which interest is payable in gold, on tn,
Sd day of March, 1864, was S768, ,965, 900
The interest Oh this debt for the coming fsca
year will be SIS, 7,12G, while the customs
revenue in gold for the current fiscal year
ending June 3Oth 1864, has been so far at til,
rate Of over 800, ,000, 600 per annum.
Instructions to the National Banks acting
rs loan agents were not issued from the Unite,
States. Treasury until March 26, but in the
first three weeks of April the subscription
averaged more than TEN MILLIONS 4
WEEK.
Subscriptions will be received by the
| First National Bank of Janesyille, Wis.
| First NATIONAL Bank OF Milwaukee, Wis.
| First National Bank of Madison, Wis.
Azsa by all National Banks
which are depos;taries of Public money, anc
and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents .
the National Depositary Banks will furnish
| further information on application and
Afior0 ey6ry Fuc;Hty to Subscribers