Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1864-05-14
u. s. 1910 BONDS.

These Bonds are issued under the Act Of Congress
of March s,h, 1864, which provides that all Bonds
issued under this Act shall be EXEMPT FROM
TAXATIoNby or under any state municipal
ihority 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 less
than ten nor more than forty gears from their
date and until their redemption FIVE PER CENT.
INTEREST WILL BE PAID IN COIN, on Bonds
of notovc one hundred dollars annually and on all
other Bonds scm.annualfy. The interest is payable
on the first days of March and September in each
years.
Subscribers will receive either Registered or Cou.
pom Bonds as they may prefer. Registered Bonds
are recorded on the books of the U. s. Treasurer,
and can be transferred only the owner 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 lst, by
paying the accrued interest in coin-(or in United
States notes. the notes of National Banks, adding
City per cent for premium,) or receive them draw
ing interest from the date Of subscription and deposit
As these Bonds are
Exempt from Municipal or STATE
Taxation.
there value is increased from to three per cent.
per annum according to the rate of tax levies in
rious parts of the country.
Al the present rate of premium on gold they pay
OVER EIGHT PER CENT INTEREST
in currency, and nre of equal convenience as per
mancnt or temporary investment.
1t is believed that securities offer so great in
duccmcnts to lenders the various descriptions of
L. S Bonds In all other forms of Indebtedness, the
faith ability of private parties stock companies
only is pledged for payment while for the debts of
the United States the whole property of the coun-
try is holden to 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 arc
thus made equally available to the smallest lender
and the largest capitalist. They can be converted
into money at any amount, and the holder will have
tho benefit of the interest
1t may be useful to state in this connection thai
the total Funded Debt of the United States which
interest is payable in gold the I'D day of March,
1864 was S7GS, 900. The interest this debt
for the coming fiscal year will be $lj9@7l2G, while
the customs revenue in gold for the current fiscal
year, ending June 30h 1861, has been far at the
ratio of over 800 900 900 per nnnum
1t will be seen that even the present gold revenues
of the Government largely in excess Of the wants
Of tho Treasury for the payment Of gold interest,
while the recent increase of the tariff will doubtless
raise tho annual receipts from customs the same
amount Of importaons, to $3.50, 100000 per annun.
Instructions to tho National Banks acting as loan
agents were not issued from tho United State Trea-
sury until March 20, but in the first three weeks OF
April tho subscriptions averaged more than TEN
MILLIONS A WEEK.
! Subscriptions will be received by tho