Evening star., 1864-05-12
II. g. 1910 BONDS.


These Bonds are issu ed under the Act of Congress
of March sth. 1854. which provides that all Sonas
issued under this Act shall be EXEMPT FROM
TAXATION by or under any State or mnnicipai
authority. subscriptions to these Bonds are re-
ceived in United etatea notes or notes of Nationa
Banks. They are TO BE REDEEhED IN COIN,
at the pleasure Of the Government, at any period
not less than ten nor Sas forty years from their
date, and until their redemption FIVE PER
CENT. INTEREST WILL BE PAID IN COIN,
on Bonds of not over enc hundred dollars annually
and on all other Bonds semi annually. The in.
terest is payable on the first days of March and
September in each year.
Subscribers will receive either Registered or
Coupon Bonds. as they may prefer. Registered
Bonds are recorded on the Books of the United
States Treasurer, and can be transferred only on
the owners 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 Uni
ted States notes. or the notes of National Banks
adding fifty per cent. for premium.} or receive
them drawing interest from the date of subscrip-
tion 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 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 per
| manent or temporary investment.
L - nat
| inducements to lenders as the various descrip-
tions of q. s. Bonds In all other forms Of in.
debtedness. the faith ability of private parties
| or stock companies separate communities only
is pledged for payment while for the lsbts of the
United States the whoferEc perty Of he country
is holden to secure the psym,nt of bo'h principal
| and interest in coin.
These Bonds csay besutscf ibed for in sums from
$50 up to any magnitude. OF the sameterms. and
are thus made equally avail able to tle 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.
1t may be useful to state in this correction that
| the total Funded Debt Of the United States on
which interest is payable in gold, the Sd day of
March, 1864, was S76S 9S5 900. The interest on this
debt for the coming fiscal year will be s45,9G l2s,
while the customs revenue in gold for tie current
fiscal year, ending June 30th 1864, has been far
at the rate of over $4,000 900 per annum
1t will be seen that even the present gold reve-
| nues of the Government are largely in excess 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 Gus
toms on the same amount of importations, to
$50 900 900 per annum. -
| Instructions to the National Banks acting as
loan agents were not issued until March Is, but
| the amount Of Bonds reported sold at the U. 8
| Treasury up to May was
| $44,616,1OO.
| Subscriptions will be received by the Teasuye
Of the United States at Washn gton. and the Assist
| ant T,easwevs at New York, Boston and PhiIadel
| phia, and by the
| FIRST NATIONAL BANK OF WASHINGTON
! FIRST NATIONAL BANK OF BALTIMORE
and by all National Banks which are depositarie!
| of public money, and all respectable banks ant
bankers throughout the country (acting as agent
Of the National Depositary BanksJ will furnish
| further information on application, and affort
| every facility to Subscribers. my Civ