Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-05-12
U. s. 1910 BONDS.

These Bonds are issued under the Act Of Congress
of March sth 1854, which provides that in lieu of sc
much of the loan authorized by tho act of March Sd
ls63 to which this is supplementary the Secretary
Of the Treasury is authorized to borrow from time t.
me, on the credit of the United States, not exceed
ing TWO HUNDRED MILLION DOLLARS dur
ing the current fiscal year, and to prepare and issue
therefor Coupon and Registered Bonds Of the United
States and all Bonds issued under this Act shall be
EXEMPT FROM TAXATION by or under any
State or municipal authority. Subscriptions tC
these Bonds are received in United States notes oi
notes of National Banks. They are TO BE RE-
DEEMED IN COIN, at the pleasure of the Govern
ment, at any period not less than ten nor more than
FORTY gears from their date and until their redemp-
tion FIVE PER CENT. INTEREST WILL BE
PAID IN COIN, on Bonds of not over one hun
dred dollars annually and on all other Bonds semi
annually.
The interest is payable on the first days of March
and September in each year. The semi-annual
Coupons are payable at those dates and the annual
Coupons on the so and 100 dollar Bonds are payable
on the first of March.
Subscribers will receive either Registered or Cou-
pon Bonds, as they may prefer Registered Bonds
are recorded On the books of the USS. Treasurer,
and can be transferred only on the owners order.
Coupon Bonds are payable to bearer, and are more
convenient for commercial uses.
Registered Bonds will be issued of the denomina-
tons of Fifty Dollars $50, One Hundred Dollars
(slOO Five Hundred Dollars (S5OO), One Thousand
Dollars (s ,OOO. Five Thousand Dollars (S5, ,OOO. and
Ten Thousand Dollars tSlOOOO); and Coupon Bonds
of the denominations of Fifty Dollars $3.50, One
Hundred Dollars CslOO Five Hundred Dollars ts5OO)
and One Thousand Dollars Isl ,OOO).
Subscribers to this loan will have tho option of
having their Bonds draw interest from March lst by
paying the accrued interest in coin-(or United
States notes. or the notes of National Banks 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 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 permanent or temporary in
vestment.
1t is believed that no securities offer so great in
ducements to lenders the various descriptions of
U. S. Bonds. In all other forms of indebtedness,
the faith ability of private parties or stock COM
payment, while for the debts of the United States
the whole property of the country is holden to Sc
cure the payment of both oipal and interest in
coin.
These Bonds may be subscribed for in sums from
$50 up to any magnitude, the same terms and are
thus made equally 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.
specie furnishes fund for like payment of interest
on all Government Bonds largely in excess of the
wants of the treasury for this purpose.
Upon the receipt of subscriptions a certificate Of
deposit therefor in duplicate, will be issued the
original of which will be forwarded by the subscri-
Der to the Secretary of the Treasury, at Washing
ton, with letter stating the kind Registered or cou
PAM and the denominations of Bonds required.
Upon the receipt of the original certificates at the
Treasury Department the bonds subscribed for will
be transmitted to the subscribers respectively.
Subscriptions will be received by the Treasurer Of
the United States at Washington, and the Assistant
7Tedsurers at New York, Boston and Philadelphia,
and by the First National Bank of Columbus, o.,
and by all National Banks which are depostaries Of
public money. All respectable banks and bankers
throughout the country will furnish further infor
nation on application, and afford every facility to |
subscribers. may2-d&w2w