The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological OrderBancroft, Charles
History
The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological Order
Bancroft, Charles
United States -- History; United States -- Politics and government
FIVE-TWENTIES OF 1868.—Dated July 1st, 1868. Redeemable in five, and
payable in twenty years. Interest, six per cent. in gold, payable 1st of
January and July. Issued under Act March 3d, 1865, in exchange for 7-30
notes, and amount, August 1st, 1868, to $39,000,000.
TEN-FORTIES.—Dated March 1st, 1864. Redeemable in ten and payable in
forty years. Interest, five per cent. in gold, payable on the 1st of
March and September on all Registered Bonds, and on all Coupon Bonds of
the denomination of $500 and $1,000. On the $50 and $100 Bonds, interest
is paid annually, March 1st. Issued under Act March 3d, 1863, and
Supplement, March 3d, 1864; principal, payable in gold, $194,291,500.
FIVES OF 1870.—Redeemable at the pleasure of the United States, after
May 1, 1881, in gold. Interest, five per cent. in gold, payable
quarterly—February, May, August, and November 1st. Exempt from all
taxation. Issued under Acts of July 14th, 1870, and January 20th, 1871.
Amount, $200,000,000.
U. S. PACIFIC RAILROAD CURRENCY SIXES.—Dated January 16th, 1865, and
variously thereafter. These Bonds are issued by the Government, under
Acts July 1st, 1862, and July 2d, 1864, to companies receiving their
charter from Congress, which gives them the right to construct railroads
to and from the Pacific Coast, and on the completion of each twenty
miles of track, to receive at the rate of $16,000, $22,000, or $48,000
per mile, according to the difficulty of constructing the same. They are
payable thirty years from date of issue, and are registered in Bonds
of $1,000, $5,000, and $10,000. Amount issued to September 1st, 1870,
$64,618,832. All of the Bonds are issued “Coupon” or “Registered.” Coupon
Bonds can be changed into Registered Bonds, but Registered Bonds cannot
be changed into Coupons. Coupon Bonds are in denominations of $50, $100,
$500, and $1,000: the Registered Bonds the same, with addition of $5,000
and $10,000.
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