Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-05-10
U. 8. 1910 BONDS.


These Bonds arc issued under the Act Of Congre's 9
Of March sth 1884, which provides that in lieu of so
much Of the loan authorized by the act Of March Sd,
1863 to which this is supplementary, the Secretary
Of the Treasury is authorized to borrow from time to
ime on the credit Of the United States. not exceed
ing TWO HUNDRED MILLION DOLLARS dur
ing the current fiscal year. and to prepare and issue
therefor Coupon and Registered Bonds Of the United
States; and 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 are TO DE RE-
DEEMED IN COIN, at the pleasure Of the Govern
ment, at any period not less than ten nor moro than
forty years from their date, and until their redemp-
tion FIVE PER CENT. INTEREST WILL BE
PAID IN COIN. on Bonds Of not over one hun
dred dollars annually, and on all other Bonds semi
annually.
The interest is payable on the first days Of March
and September in each year. The semi-annua
Coupons are payable at those dates, and the annual
Coupons on the so and 100 dollar Bonds are payable
on the first of March, ..
Subscribers will receive either Registered or Cou-
pom Bonds, as they may prefer. Registered Bonds
are recorded on the books Of the o. s. 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 will be issued of the denomina-
tions of Fifty Dollars $50, One Hundred Dollars
(slOO, Five Hundred Dollars tS5Oo). One Thousand
Dollars Csl, ,OoO. Five Thousand Dollars ($SOOO). and
Ten Thousand Dollars (SiOOOO) and Coupon Bonds
of the denominations of Fifty Dollars Cs5O,, One
Hundred Dollars ($1OO Five Hundred Dollars Cs5OO)
and One Thousand Dollars Isl, ,OOO).
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 United
States notes. or the notes of National Banks, adding
fifty per cent for prcmium,) or receive them draw
ing interest from the date of subscription and de
posit.
As these Bonds are exempt from municipal or
State taxation, their value is increased from to
three per cent per annum, according to the rate Of
tax levies 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 a permanent or temporary in
vestment.
1t is believed that securities offer so great in
U. s. Bonds. In all other forms of indebtedness,
the faith or ability Of private parties stock
panies or separate communities only is pledged for
payment, while for the debts of tho United States
the whole property of the country is holden to Sc
cure the payment of both ! oipal and interest in
coin.
These Bonds may be subscribed for in sums from
$50 up to any magnitude, on the terms, and
thus made equally available to the smallest lender
and the largest capitalist. They can be converted
into money at any moment. and the holder will have
the benefit of the interest.
The fact that all duties on imports are payable in
specie furnishes fund for like payment of interest
on all Government Bonds largely in excess of the
wants Of the treasury for this purpose.
Upon the receipt of subscriptions certificate Of
deposit therefor, in duplicate, will be issued, the
original of which will bo forwarded by the subscri-
Der to the Secretary of the Treasury, at Washing
ton with letter stating the kind Registered or cou-
PAM and the denominations Of Bonds required.
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 Of
ne United States at Washington, and the assistant
7Fedsurers at New York, Boston and Philadelphia,
and by the First National Bank Of Columbus, o.,
and by all National Banks which are depostaries Of
public money. All respectable banks and bankers |
throughout the country will furnish further infor
nation on application, and afford every facility to
subscribers. may2-d&wew
SPECIAL NOTICES. |