The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-05-25
a. =. EO-4O Bonds

a. 8. EO-4O Bonds
These Bonds are issued under the Act OF
esagTess OF March 9th, 1854, which provides
that all Bonds Issued under this Act shall be
EXEMPT FROM TAXATION by. or under any
sta.a or municipal authority. subscriptions
to these Bonds are received in United States
notes or notes of National Banks They are
TO BR REDEEMED IN COIN, At the pleasure
of the Government, at any period NOT LESS
rHAN TEN NOR MORE rHAN FORTY YEARS from
/ heir date, and .until their redemption FIVE
PR CENT. INTEREST WILL BE PAID IN,
COIN, on bonds of not over one hundred dol
lars 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
Coupon Bonds, as they may prefer. Register
ed Bonds are recorded on the books OF the
10. 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
coinAtor in United States notes, or the notes
of National Banks. adding fifty per cent. for
prenaium. y or receive them drawing interest
nom the date of subscription and deposit.
AS these. Bonds are ~ n0I ~
EXEMPT FROM MUNICIPAL OR
[IY q STATE TAxATIoN,
their value is increased from one to three per
tcent. per annum, according to the rate Of tax
levies in various parts of the country.
At the present rate Of premium on gold they
IovER EIGHT PER CENT INTER
EST.
I'm currency, and are Of equal convenience as
a perman ant or temporary investment, -.
| It il believod thatano securities offer SO
great inducementsto lenders as the various
Inscriptions OF U! 81 Bonds. In all other
forms of Indebtedness, the faith or ability OF
private parties or stock companies or separate
communities only is pledged fol 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 Bepds may be subscribed for in sums
from $50 up to any magnitude, on the same
terms, and are thus made equally available te
.he smallest lender and the largest capitalist
trhey can be converted into money at any mo
ment, and the holder will have the benefit o
! 1t may be useful to state in this connection
that the total Funded Debt, of the Unite'
States On which interest is payable in gold
IN the Sd day of March, 1854. was $I6S 1865,
loco. The interest on this debt for the com
ling fseal syear will be $4S.sa7, l26, while tn
,ustoms revenue in gold for the current fsca
year, ending June 3oth, 1864 has been So ia
at the rate of over Sl0o,o00,oeo per annum
It will be seen that even the present gol
Icevsnues of the Government largely. in -exoes
Of the wants of the Treasury for the paymen
Of gold interest, while the recent increase Q
the tariff will doubtless raise the annual re-
lceipts from customs on the same amount q
importations, to $50, 10000 per annum.
: Instructions to the National Banks actin
as loan agents were not issued from the Uni
ted States Treasury until March 26, but i
1.-THE first three weeks of April the subscription
averaged more than TEN MILLIONS A WEEE
Z subscriptions viii be received by the
II First National Bank of Cincinnati, o.
, Third National Bank of Cincinnati, o.
Fourth National Bank of Cincinnati,
First National Bank of Cleveland, O..
Second National Bank Of Cleveland, G
And by All National Bank
which are depositaries of Public money, an
alf q A'@k - 1@ it}~A
RESPECTABLE BANKS AND
BANKERS
Throughout the country, (aeting as agents
he National Depository Banks,) will furnis