The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1864-05-14
FINANCIAL.
US. 1910 BONDS

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These Bonds issued under tho Act of Congress OF
March sth 1864, which provides that all Bonds issued
under this Act shall be EXEMPT FROM TAXATION
by under any State municipal authority. Sub
scrptons to these Bonds received In United States
notes notes of National Banks. They are TO BE
REDEEMED IN CoIN at the pleasure of the Govern
ment, at any period THAN TEN NOR MORE THAN
from their date, and until their redemption
FIVE PER CENT. INTEREST WILL BE PAID IN
COIN Bonds of not hundred dollars annually
and On all other Bonds semsnnually. Tho interest is
payable on the first days of March and September in
each year.
Subscribers will receive eithor Registered or Coupon
Bonds. they may prefer Registered Bonds are re-
corded the books Of the u s. Treasurer and can be
transferred only the order Coupon Bonds are
pays bic to bearor and convenient for CONNER
cial 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
premun) or receive them drawing interest from the
date of subscription and deposit. As these Bonds arc
Exempt from Municipal or State Taxation
their value is increased from ono to three per cont per
annum, according to the rate of levies in variou.
parts of the country.
AT the present rate Of premium gold they pay
Over Eight Per Cent. Interest
in, nd II
OF temporary investment
1t believed that securities offer so great induce
ments to lenders as the various descriptions of u
Bonds. In all other forms of Indebtedness tho faith or
communities only is pledged for payment while for tho
debts of the United States the whole property Of the
country holden to the payment of both prnc
pal and interest in coin.
These Bonds may be subscribed for in sums frot $50
mp to any magnitude, the terms, and are thus
made equally available to tho smallest lender and the
largest capitalist They be converted into money at
any moment, and the holder will have the 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 god the Sd day of March, 1864 was SGS
100000. The interest this debt for the coming fiscal
year will be So o31 l2G while the customs reycnus in
sold for tho current fiscal year, ending June Both 1861
has been far at the rate Of over Slo00O0OOO per
anuun.
1t will be seen that the present gold revenues of
the Government largely in of the wants of
the Treasury for the payment of gold interest," while the
recent increase of the tariff will doubtless raise the
annual receipts from customs the same amount of
importations, to Sl50,O00,OOO per annum.
Instructions to the National Banks acting as loan
,Sents issued from the United States Treasury
until March &C. but in the first three weeks Of April the
subscriptions averaged more than TEN MILLIONS A
WEEK.
Subscriptions will be received hy tho
First National Bank of Baltimore, Nd,
Washington, d. c.,
Carlisle, Pa,
AND BY ALL NATIONAL BANKS
which depostaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country ncting agents of the National
Depository Banks) will furnish further information OIL