Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1864-07-20
U. 1910 BONDS /!

These Bonds 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 au-
thority. Subscriptions to these bonds are re-
ceived in United States notes or notes of Nation
al 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 years from
their date, and until their redemption five per
cent interest viii 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 the first days OF March and Septem-
Der in each year.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the books of the u S.
Treasurer, and can be transferred only on the own
er's order. Coupon bonds are payable to bearer
and are more convenient for commercial uses.
Subscribers to this loan will have the option
Of having their bonds draw interest from March
LIST, by paying the accrued interest in coin--(or
in United Safes notes, or the notes of National
Banks adding fifty per cent for premium or re-
ceive them drawing interest from the date of SUBJ
scription and deposit As the Bonds are
Exempt from Municipal or State 2aru-
tim,
their value Is increased from one to three Ter
cent. per annum, according to the rate of taa
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 per.
manent or temporary investment.
1t is believed that no securities offer SO great
inducements to lenders as the various descrip.
tions of U. S. Bonds. In all other forms of in
debtedness the faith ability of private parties
or stock companies or separate communities only
Is pleged for payment, while for the debtsof the
United States the whole property of the country
is holden to secure the payment of both princi
pal ard interest in coin.
These Bonds may be subscribed for in sums
from $50 up to any magnitude on the same terms
and are thus made equally available to the small
est lender and the largest capitalist. They car
be converted into money at any moment, and tn,
holder will have the benefit of interest.
1T may be useful to state in this connectio.
that the total Funded Debt of the United State
: on which interest is payable in gold, on the 81
; day of March 1864, was S76s, 1865 900. The in
tercst on this debt for the coming fiscal year will
/; be $40 93I, 1875, while the customs revenue il
gold for the current fiscal year, ending June 3Otl
has been SO far at the rate OF over 800 900, CO..
per annum.
1t will be seen that even the present gold rev
enues of the Government are largely in excess o
the wants of the treasurer for the payment o
gold interest, while the recent increase of tn
tariff will doubtless raise the annual receipts from
customs on the same amount of importations, t,
$3.50, 0O0,O0U per annum.
instructions to the National Banks acting a
loan agents were not issued from the Unite,
States Treasury until March Goth, but in the frs
three weeks of April the subscriptions averaged
more than ten millions week.
Subscriptions will be received by all "t. a
NATIONAL BANKS
which are depostarics of public money, and al
respectable banks and bankers throughout tn
country, (aeting as agents of the National DE
, po.itary Banks will furnish further information
on application and AFFORD EVERY FACILITY II
SUBSCRIBERS. 25m3