The Portland daily press., 1864-05-20
U. S. 1910 BONDS.


These Bonds are issued under the Act of Congress
Of March sth 1854 which provides that in lieu Of so
much of the loan authorized by the eff March 3D.
1862 to which this Is supplementary, the Secretary OF
the Treasury Is authorized to borrow from time to
time, the credit of the United States not exceed.
ing Two HUBBARD MILLION Dol LA RS during the
current fiscal year. aud to prepare and issue therefor
Coupon and Registered Bonds of the United States;
and all Bonds issued under this Act shall be EXEMPT
FROM rAxArroS by or under any State or munich
pal authority Subscriptions 10 these Bonds are re-
csived in United States notes of National Banks
They aero BE REDEEMED IN corr, at the plsu-
ure ofthe Government at any period not less than
ten more than forty years from their date. and
until their redemption FIVE PER CENT INTEREST,"
WILL BE PAID IN coin, on Bonds Of not over one
hundred dollars annually. and all other bonds Sc
mi-annually.
1he interest Is payable on the first day Of March
and September in each year The semi annual Cou-
pons are payable at those dates, and the annual
Coupons the 60 and 100 dollar bonds are payable
the first of March.
Subscribers will receive either Registered or Ceu-
pom bonds, as they may prefer. Registered Bonds
are recorded on the books of the u. 8. Treasurer,
and can be transferred only at the owners order
Coupon Bonds are pay able to bearer, and are more
convenient for commercial use.
Registered Bonds will DO issued of the denomina-
tons Of Fifty Dollars $780, One Hundred Dollars
tsiool, Five Hundred Dollars 5000. One thousand
Dollars ID 0ool Five thousand Dollars fs5 0o0) and
Ten Thousand Dollars tsl0. oool; and Coupon Bonds
Of the denominations of Fifty Dollars $780, One
Hundred Dollars tsioo). Five Hundred Dollars
ls50o). and One Thousand Dollars ., oo0).
Subscribers to this loan will have the option of
having their bonds draw interest from March LIST,
by paying the accrued interest in cointor in United
States notes. or the notes ofNaiional Banks adding
fifty per cent. for premum.l 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 tcsording 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.
II Is believed that securities offer 80 great m
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
panies or separate communities only Is pledged for
payment while for the debtsof the United States tho
whole property Of the country is holden to secure
the payment both principal and Interest in coin
$50 up to any magnitude, on the same terms, and
thus made available to the smallest lender and
the largest capitalist. They can be converted into
money at any moment. and the holder will have the
bsnedt of the interest.
The fact that all duties on imports are payable in
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 receipt of subscriptions 4 certificate OF de-
post therefor. in duplicate will be issued the orgi-
nal Of which will be forwarded By the subscriber to
the Secretary Of the Treasury at Washington, with
letter stating the kind Registered coupon and
the denominations of bonds required.
Upon the receipt of the original certificate at the
Treasury Department. the bonds subscribed for will
be transmitted to the subscribers respectively
subscriptions wi be received by the Treasurer
offAe Usited States at Washington and the Assist
ant Treasurers at New York. Boston and Philadel-
phia and by the
First National Bank of Portland, Me-.
First National Bank Of Augusta. Me-.
First Nsional Bank Of Bangor. Ne,
First National Bank Of Bath. Me-.
First National Bank of Brunswick. Me-,
and by all National Banks which are depostaries OF
public money. All respectable banks and bankers
throughout the country will furnish further nfor-
nation application. and afford every facility to
subscribers. may2oa&w2w'