East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-06-15
U. s. 10 40 BONDS.


These Bonds are Issued under the Act Of Con,
gresss Of Eth, March lee4 With ptpyiaes that all
Bonds issued under ibis Act shall DO, EXEMPT
FROM TAxATIoyby or under any state. o.
municipal authority 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 nof less than ten or more than forty
years from their dase, and until their redemption
FIVE PER CENT INTEREST WILL BE
PAID IN COIN ON Bends Of not ovor one hmm
dred dollars snppally, aud ON all other Bonds
mi-annually. The interest is payable on the
first daysof March and September in each year,
Subscribers win receive either Registered or
Coupon Bonds as they may prefer. Registered
Bonds are recorded on tn books Of the United
States Treasurer, and can be transferred only
on tho owners order. Coupon Bonds are pay
able to bearer, and are more convenient for com
mercial uses. tt 4g. -.t~tr.-tf
Subscribers to this loan, will have the option
having their Donis draw. interest from March lst'
by paying the accrued interest in eoin-(orlp U.
S. Notes, or the notes Of National Banks, adding
so per cent for premium,) or receive them draw
ing interest from the date ofsubscrPtion and de-
posit As these Bonds arc
Exempt from Municipal or State Tardtion
their value is increased from ono to three per
cent per annurn, according to the rate of tax lev
les in differoat parts of the country.
1.-THE present rate Of premium on gold they
pay, ,.sara ,rr.ra ,,
Over Eight Per Cent Interest.
in currency, and If equal convenience as q
permanent or temporary investment.
II IL believed that no securities offer so great
inducements to lenders as the various descrip-
tions Of U, S Bonds. In all other forms Of 10
dcbtedness, the faith 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 principal
and interest in coin. i
T.ese Bonds may be subscribed for in sum from
$50, up to any magnitude, on the same terms,
and are thus made equally available to the
smallest lender and largest capitalist. They can
be converted into money at any moment, and the
holder will have the benof. Of the interest.
II mag. teusefaf to state in this, connection
that the total Funded Debt Of the United States
on which interest," Il payable 10 gold, 'on the Sd
day Of March, le6f, was s76s.9es,o0O. The in
terest ON this debt for the coming fiscal year will
be s45 937, ll6 while the customs revenue in golc
for the current fiscal year, ending, Jmne 30th
1864, has been so far at the rate Of over 500
100000 per annum. U/
1t will be seen that even the present gold rev
enues of the Government are largely in excess o
the wants of the Treasury for the payment O
gold interest, while thc recent increase of thu
tariff will doubtless raise the annual receipt
I from customs on the same amount Of importa
tions to l5O,OO0,OOO per annum.
Instructions to the National Banks acting a
/ Ian agents we're not issued from the Treasur.
until March 26, but in the first three weeks o
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will be received by the
First National Bank of Ann Arbor, Micl
Second National Bank of Detroit, Nici
First National Bank Of Fenton, Mich.
AND BY ALL NATIONAL BANKS
wlnchare depostaries Of Public Money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents Of thu
National Depository Banks) will furnish furthe
information on application and AFFORD EVERY
FACILITY TO SURSCRI hers i-24S- 3n