The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-07-22
THE JEFFERsoNIAN DEMOCRAT.
u. s. 1910 BONDS.

These Bonds are issued under tho Act Of Con.
gress OF March 9Th, 1864, which provides that all
Bonds Issued under this Act shall bo EXEMPT
FROM TAXATION by or undor any state or
municipal authority. Subscriptions to these
Bonds arc. received in United States notes or
notes OF National Banks. They are TO BE
REDEEMED IN COIN, ut the pleasure of the
Government, at any period not less han ten nor
more han forty years from their date, and until
their redemption FIVE PER CENT. INTER.
EST WILL BE PAID IN COIN, on Bonds of
not over ono hundred dollars annually az d on all
other Bonds semi. annually The interest is pay.
able on the first day of Match and September in
each year.
Subscrihrrs will receive either Registered or
Coupon Bouds, as thcJ may prefer Registered
Bonds are recorded on the books of the U. S.
Treasury, and can be transferred only on the
owners order. Coupon Bonds are payable to
bearer, aud are more convenient Tor 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-.
ceive them drawing interest from the date OF
subscription and deposit As these Bonds are
Exempt from .Nlunicpal or State Taxation,
their value is increased from one TO three per
cent. per annum. according TO the rate OF levios
in various parts oi the country.
Atihe presentrate of premium on gold they pay
Over Eight Per Cent Interest
an currency, and are ofequal convenience as a
permanent or temporary investment.
1t is believed that NO securities offer 70 great
inducements to lenders as the various descrip.
tions o! u. S. Bonds In all other iorms Off
debtedness, the faith or ability of private par
tieeor stock companies or separate coinmuni-
ties only is pledged for payment, while Tor 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
from $50 up to any magnitude, on the same
terms, aud are thus made equally available to
the sma Hest lender aud the largest capitalist
They can be converted into money at uny mo.
ment, and the holder will havo the benefit of the
interest.
1t may be useful TO state in this connection,
that the tota Funded Debt of the United States,
on which in terest is payable in gold, ON the Sd
day of March, lS6iSas S76s, ,965 200. The inter.
est on this debt for the coming fiscal year will be
s45 ,937,l26, while the customs revenue in gold
for the current fiscal year, ending June soth,
1854, has been, SO far at the rate OF over $780,.
GOO, 900 per unnum.
1t will be seen.that even the present gold rev.
enues of the Government are largely in excess
of the wants Of the Treasury for tlie paymeh, OF
gold interest, while the recent increase OF the
tariff will doubtless raise the annual receipts
from Gu stoms on the same amount Of imporla-
tons, to $3.50, 100000 per unnum.
Instructions to the National Banks acting as
loan agents were not issued from the U. States
Treasury until March 26, but in the first thre
weeks Of April the subscriptions averaged more
than TEN MlLLlONS.A WEEK.
Subscriptions will be received by oil