Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-05-11
US. lO-4O BONDS,

| These Bonds are issued under the act of Con
gress of March sth. 1864, which provides that all
bonds issued under this act shall be ersaapt from
| taxation By under any State or municipal au-
thority. Subscriptions TO these bonds are receiv-
ed in United States notes or notes of National
Banks They are TO BE REDEEMED IN com. at the
! pleasure of the Government. at any period nor
less than ten nor than forty gears from their
| date, and until their redemption FIVE PER CENT
WILL BE PAID IN coIS, 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 September in each year
Subscribers will receive either Registered or
Coupon Bonds as they may prefer. Registered
Bonds recorded on the books Of the u. 5.
Treasurer, and be transferred only on the
owners order. Coupon bonds are payable 10
bearer, and are more convenient for Cou,mercial
uses.
Subscribers 10 this loan will have the option Of
having their Bonds draw interest from March ST
by paying the accrued interest in coin--(or in u
nited States notes. the notes of National Banks,
adding fifty per cent. for Fremium,l receive
them drawing interest from this date of suBscrip-
ton ind deposit. As these Bonds are
Exempt from Municipal or State Taxation,
their value is Increased from one to three per
cent per spnum. according 10 the rate of tax
ieves in various parts of the country.
the nresapt rata nf ura-,iur, m yoia .bav
OVER FIGHT PER CENT INTEREST
in currency. and of equa, convenience as 4
permanent or temporary investment
1t is believed that no securities offer so great
inducement to lenders the various descriptions
of U. 5. Bonds. In all other forms of indebted
ness, the faith ability of private parties or
stock companies seperate communities only is
pledged for payment, while for the debts of the
United States the whole property of the country
is holden to secure the payment of both princi-
pal and in terest in coin.
These bonds may be subscribed for in sums from
$40 up to any magnitude, on the same terms and
thus made equally available 10 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.
1t may be useful to state in this connection that
the total Funded Debt of the United States on
which interest is payable in gold, on the I'd day
of March 1854 was s76s 9s5, ,O08. The interest on
this debt for the coming fiscal year win be s45,-
937. .l26, while the customs revenue in gold for
the current fiscal year, ending June 30th, 1854
per annum.
It will he seen that even the present gold rev
enues of the Government largely in excess Of
the wants of the Treasurer for the payment of
gold interest while the increase ci the tar
if will doubtless raise the annual receipts from
customs on the same amount of importations. to
sl5o,OO0.000 per annum
Instructions to the National Banks acting as
loan agents were not issued from the United
States Treasury until March 29, but in the first
three weeks of April the subscriptions averaged
more than TEN MILLIONS WEEK.
Subscriptions will be received by the
First National Bank of Pbiladeiphia Pa.
Second National Bank of Philadelphia, Pa.
Third National Bank of Philadelphia Pa.
AND BY ALL NATIONAL BANKS
which are depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country {aeting agents of the
National Depository Banks,) viii furnish further
ity TO Subscribers. May Ii. 1867; mos