East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-05-18
U. 5. 10 40 BONDS.

These Dopds are Issued under the Act Of Con-
gres Of 9Th, March 1864, thich provides that all
Bonds issued under shis Act shall he EXEMPT
FROM TAXATION by ss under any state or
municipal authority. subscnptiouzto these Bonds
are received in United States notos or notes Of
National Banks They are TO BE REDEEMED
IN COIN, at the pleasure Of the Government, a.
any period NOT less Man Ten or more han forty
years from their date, and until their redemption
FIVE PER CENT INTEREST WILL BE
PAID IN COIN, on Bonds Of not over one hun
drod dollars annually, aud on all other Bonds
semi annually. The interest Is payable on the
first days Of March ssd sspssfsbu in each year.
Subscribers will receive either Registered or
Coupon Bonds. MS they may prefer Registered
Bonds are recorded on the books oftbe United
States Treasurer and can be transferred only
ON the owners order. Coupon Bonds are pay
able to bearer, and are more convenient for COM
mercial uses. Aef ~
Subscribers TO this loan will have the option o
having their Bon Is draw interest from March LIST
by paying the accrued interest in coin--(or In .
s Notes, or the notes Of National Banks, adding
so per cent for pre- niuln,) or receive them draw
ing interest from the date Of subscription and do
post. As these Bonds are
fErempf from Municipal or State Taration.
their value Is increased from one to three per
cent. per nnnum, according to the rate Of tax lev
les in difcrcat parts Of the country.
A Al.
pay.
Over Eight Per Cent Interest.
IN currency, and are If equal convenience as a
permanent or temporary investment.
1t believed that no securities offer so grea,
inducements to lenders as the various descrip-
tions Of U, S, Bonds. In all other forms of To-
debtcdncss the faith or ability Of private arties
or stock companies or separate communities only
is pleged for payment. while for tbs 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 sum from
$50, up to any magnitude, ON the same terms,
"hu thu5 hauo sH""iil "'"fa""AS w 'ho
smallest lender and largest capitalist. They can
be converted into money at any moment, and the
holder will have the bencf, Of the interest.
IT 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 s76s, 965 900. The in
tercst ON this debt for tho coming fiscal year will
be si5 1897 26, while the customs revenue in gold
for tho current fiscal year, ending, Jmne Both
1864, has been 80 far at the rate Of over $780,
100000 per annum.
1t will be seen that even the present gold rev.
enucs Of the Government are largely in excess Of
tho wants Of tho Treasury for the payment Of
gold interest, whilo the recent increase Of the
tariff will doubtless raise the annual receipts
! from customs ON the same amount Of importa-
tons TO $3.50 600 900 per annum.
Instructions TO tho National Banks acting rs
lean agents were not issued from the Treasury
until March 20, 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 Ann Arbor, Mich
Second National Bank Of Detroit, Mich
First National Hank of Eenton Mich