Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-05-12
q. S. 1910 Bonds.

-. y. 1J-4D SONGS,
These Bonds are issued under she Act Of
Congress Of March sth, 1864, which provides
that ali Bonds issued under this act shall be
EXEMPT FROM TAXATION by or under
any state or municipal authority. Subscrip-
tons 10 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 tsan ten nor more Maa forty ysars 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 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 Reg
istered Bonds are recorded on the books of
the z. S. Treasurer and can be transferred
only on the owners order. Coupon Bonds are
payable to bearer, and are more convenient
for commercial uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from
March 1st, by paying the accrued interest in
coin-(or in United States notes, or the
notes Of National Banks, aiding fifty per
cent. for PREMIUM or receive them drawing
interest from the date of subscription and
deposit As these Bonds are
Exempt from Municipal OR State
Taxation,
their value is increased from one to three
per cent. per annun, according to the tax lev
les 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
a permanent or temporary investment.
It is believed that no securities offer so great
inducements to lenders as the various descrip-
tons of I. S. Bonds In all other forms of
indebtedness, the faith or ability of private
parties or stock companies or separate COM
munitics 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 principal and interest in
coin.
These Bonds may be subscribed for in
sums from $50 up to any magnitude, on the
same terms, and are thus made equally avail
able 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.
1t may be useful to state in this connection
that the total Funded Debt of the 9. States
on which interest is payable in gold, on the
Sd day of March, 1864, was $768, ,965, 600
The interest on this debt for the coming fiscal
year will be $45, 1876, while the customs
revenue in gold for the current fiscal year,
ending June 30th 1854, has been so far at the
rate of over $500, ,00o, 900 per annum.
Instructions to the National Banks acting
as loan agents were not issued from the United
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 the
First National Bank of Janesville, Wis.
First National Bank OF Milwaukee, Wis.
First National Bank Of Madison, Wis.
And by all National Banks
which are depositaries of Public money, and
and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents of
the National Depostary Banks,) will furnish
further information on application and
Afor0 ecery FaciZ;ty to Subscribers.
20m3