The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-05-20
VOLUME XIV, NO. 81.
u. S: 1910 BONDS.

These Bonds ure issued under the A ct Of Con.
gross 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 authority. Subscriptions to these
Bonds are received in United States notes or
notes OF National Banks. They are TO BE
REDEEMED In COIN, at the pleasure of the
Government, at any period not less than ten aor
more than forty years from their date, and unit,
their redemption FIVE PER CENT. INTER.
EST WILL BE PAID IN COIN, on Bonds Of
not ever one hundred dollars annually ar on all
other Bonos sem-annunlly. The interest is pay
able on the first day of March and September in
each year.
Subscribers will receive either Registered or
Coupon Bouds, as they may prefer. Registered
Bonds are recorded on the books Of the u. S.
Treasury, and can be transferred only on tho
| owners order. Coupon Bonds are payable to
bearer, aud are more convenient for commercial
uses.
Subscribers to this loan will have the option
Of having their Bonds draw interest from March
lst, by paying the accrued Interest in coin-(or
in United States notes, or the notes Of National
Banks, adding fifty per cent. for premium } or re-
subscrip iption and deposit, As these Bonds are
Exempt from Municipal or State Taxation,
their value is increased from one 10 three per
cent. per annum. according to the rate OF levies
in various part OF the country.
Atihe presentrate of premium on gold they pay
Over Eight Per Cent. Interest
in currency, and are of equal convenience as q
ne rma nent Or tnmnorarv inveatmenf
Ii is lieved that no securities offer 30 great
inducements TO lenders as the various descrip-
tons Of u. s. Bonds. In ali other iorms of in.
debtedncss, the faith or ability of private par
tiee or stock companies or separate communi-
ties only is pledged for pay yment. while for the in
debtedness of the United States the whole prop
erty of the country is holden to secure the pay.
ment of both principal and interest in coin.
These Bonds may be subscribed for in sums
rom $50 up to any magnitude, on the same
terms, and are thus made equally available to
the smallest lender and the largest capitalist
They can be converted into money ut any mo.
ment, and the holder will have the benefit of tho
interest.
1t may be useful 10 state in this connection,
that the total Funded Debt Of the United States,
on which interest is payable in gold, on the Sd
day Of March, lS6d,w Sa68 ,965, 900. The inter.
est this debt for the coming fiscal year will DO
S45 1897 ,l26, while the customs revenue in gold
for the current fiscal year, ending June 3oth,
1864, has been, SO far at the rate oil over $780,.
600, 900 per annum.
1t will be seen that evon the present gold rev.
enues Of the Government are largely in excess
Of the wants Of the Treasury for the pa ymeht of
Al Al.
tariff will doubtless raise the annual receipts
from customs on the samo amount oi importa-
tions, to $50, eco, ,OC0 per annum.
Instructions to the National Banks acting as
loan agents " ere not issued from the U. States
Treasury until March 26, but in the first three
weeks Of April the subscriptions averaged more
than TEN MILLIONS A WEEK.
Subscriptions will be received by all