Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1864-05-25
U. s. lO-4O BONDS

These Bonds are issued under the Act of Con-
gress of March sth, 1864, which provides that all
Bonds issued under this act shall be exempt from
taxation by or under any state or municipal au-
thority. Subscriptions to these bonds are re-
ceived in United States notes or notes of Nation
al Banks. They are TO BE REDEEMED IN COIN,
at the pleasure of the government, at any period
not less than ten nor 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 on
oil other bonds semi-annually. The interest is
payable on the first days of M arch and Septem-
Der in each year.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the books of the u. 8.
Treasurer, and can be transferred only on the own
er's 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
LIST, by paying the accrued interest in coin-(or
In United Safes notes, or the notes of Natio nal
Banks, adding fifty per cent for premium,) or re-
ceive them drawing interest from the date of sub
scription and deposit. As the Bonds are
Exempt from Municipal or State 7'ara-
taon,
their value is increased from one to three per
cent. per annum, according 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 a per.
manent or temporary investment.
1t is believed that no securities offer so great
inducements to lenders as the various descrip.
tions of U. s. Bonds. In all other forms of in
debtedness, the faith or ability of private parties
or stock companies or separate communities only
Is pleged for payment, while for the debts of the
United States the whole property of the country
Is holden to secure the payment of both princi-
pal 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 available to the small
est lender and the largest capitalist. They can
be converted into money at any moment. and the
holder will have the benefit of interest.
1t may be useful to state in this connection
that the total Funded Debt of the United States
on which interest is payable in gold, on the Sd
day of March 1864, was $16s, 965 900. The in.
terest on this debt for the coming fiscal year will
be S45 1887, l26, while the customs revenue in
gold for the current fiscal year, ending June 30tl
has been go far at the rate of over 500, 900, 0OC
per annum.
1t will be seen that even the present gold rev
enues of the Government are largely in excess Of
the wants of the treasurer for the payment Of
gold interest, while the recent increase of the
tariff will doubtless raise the annual receipts from
customs on the same amount of importatIons, t
$3.50 900 ,O0U per annum.
Instructions to the National Banks acting a.
loan agents were not issued from the United
States Treasury until March 26th, but in the frs
three weeks of April the subscriptions averaged
more than ten millions q week.
Subscriptions will be received by all
NATIONAL BANKS
which are depositaries Of public money, and al
respectable banks and bankers throughout tn
country, (acting. as agents of the National De
positary Banks) will furnish further information
on application and AFFORD EVERY FACILITY tt
SUBSCRIBERS 25m3