The Portland daily press., 1864-06-01
MISCELLANEOUS.
U. S. 10-4O BONDS.

These Bonds are issued under the Act of Congress
of March sth 1854. which provides that in lieu Of
much of the loan authorized by the Act ef March 30,
ls6a to which this supplementary the Secretary OF
tho Treasury 10 authorized TO borrow from time to
time the credit of the United States not exceed.
ing Two HUNDRED MILLION DOLLARS during the
current cal year. and to prepare and issue therefor
! Coupon and Registered Bonds ofths United States
and all Bonds Issued under this Act shall be EXEMPT
FROM TAXATION by or under any State or munich
/ pal authority. Subscriptions TO these Bonds re-
csiyed in United States notes of National Banks
1 They aero BE REDEEMED In COIN, at the pleas
/ ure ofthe Government at any period not less than
ten nor more than forty years 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 se-
m-anBually.
The Interest Is payable on the first day OF March
and September in each year. The semi annual Cou-
pons are payable at those dates, and the annual
Coupons the so and 100 dollar bonds are pay able
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 U. s. Treasurer,
and can be tranferred only at The owners ORDER
Coupon Bonds are payable to bearer, and are more
convenient for commercial use.
Registered Bonds will be issued of the denomina.
tons Of Fifty Dollars 1850. One Hundred Dollars
tsl0ol, Five Hundred Dollars (50o) One Thousand
Dollars tsl o0ol. Five thousand Dollars les 0oel and
Ten Thousand Dollars ts10. .OoOl; and Coupon Bonds
OF the denominations OF Fifty Dollars (s50l, One
Hundred Dollars tsloo). Five Hundred Dollars
(s5o0l, and One Thousand Dollars tel ,o0o).
Subscribers to this loan will have the option Of
having their bonds draw interest from March lst
by paying the accrued interest in conor In United
States notes, or the notes ofNatonal Bsnks, adding
fifty per cent. for premium.) 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 one to
three per cent per annum according to the rate of
tax levies In various parts fthe country.
At the present rate Of premium on gold they pay
over eight per cent interest in currency and of
equal convenience permanent or temporary in
vsstment
1t is believed that securities offer great In
ducements to lenders the various descriptions of
u 8. Bonds. In all other forms OF Indebtedness,
the faith or ability Of private parties or stock com
panies or separate communities only s pledged for
payment whilefor the debts the United States the
whole property of the country is holden to secure
the payment or both principal and Interest in coin
fhe Bonds may be subscribed for in sums from
$50 up 10 any magnitude. on the same terms. and
are thus made 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 imports are payable In
specie furnishes fund for like payment Of interest
on all Government bonds largely 10 excess Of the
wants Of the treasury for this purpose.
Upon receipt of subscriptions certificate of de-
post there or, in duplicate will be issued the orig
nal of which will be forwarded by the subscriber to
the Secretary ofthe Treasury, at Washington, with
letter stating the kind registered or coupon and
the denominations Of bonds required.
Upon the receipt of the original certificate at the
Treasury Department, the bonds subscribed for will
be transmitted to the subscribers respectively.
subscriptions wi be received by the Treasurer
ofthe Uaised States at Washington. and the Assist
ant Treasurers at New York, Boston and Philadel-
phia and by the
First National Bank OF Portland, Me-,
First National Bank Of Augusta, Me-,
First Ma ional Bank of Bangor, Me-,
First National Bank of Bath, No,
First National Bank of Brunswick. Ne.
and BY all National Banks which are depositaries OF
public money. All respectable banks and bankers
throughout the country will furnish further infor-
nation application and afford every faclty to
subscribers. may2oaA Aw2ss