East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-06-08


These Bonds are Issued under tho Aot Of Con.
gresss Of eth, March Iced. which provides that ~
Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or under any state o
municipal authority subscriptions to these Bonds
are received in United States notes or notes Of
National Bank They are TO BE REDEEMED
IN COIN, at the pleasure Of the Government, AZ
any period not 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 Bonds Of not over one hun
drcd dollars annually, aud ON all other Bonds
ssmi-annually Tho interest is payable on the
first days Of March and September In each year.
Subscribers win receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on the books Of the uIited
States Treasurer, and can be transfered only
on tho owners order. Coupon Bonds are pay
able to bearer, and are more convenient for COM
morcial uses
Subscribers to this loan will have the option
having thoir l,on1s draw interest from March lst'
by paying tho accrued interest In eoin--(or In U
Notes, or the notes Of National Banks, adding
SO per cent for pre- nium,) or receive them draw
ing interest from the dsto of subscription and do
post. As these Bonds are
Exempt from Municipal or Stale Taration
their value Ia increased from one to three per
cent. psr annum, according to the rate Of tax lev
les in 6iffercat parts Of the country,
Al the present rate Of premium on gold they
pay.
Over Eight Per Cent Interest.
in currency and are ,fequal convenience as a
permanent or temporary investment.
II IL believed that no securities offer SO great
inducements to lenders as tho various descrip-
lions Of U, S. Bonds. In all other forms Of 10.
debtedness, the faith or ability Of private arties
or stock companies or separate communities only
is pleged for payment, while for the debts Of the
United states tho whole property Of tho country
Is holden to secure the payment Of both principal
and interest in coin.
TLese 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 bcpe6; Of tho 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 sos 600 The in
terest ON this debt for the coming fiscal year will
be s45 937, l26, while the customs in gold
for the current fiscal year, ending, Jmne 30th
1864, has been 20 FAR at tho rate Of over 500.
100000 per annum. 81
1t will be seen that oven the present gold rev.
cnues of the Government are largely in excess Of
the wants Of tho Treasury 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 VI importa
tons to $3.50, 200 600 per annum.
Instructions to tho National Banks acting n
lean agents were not issued from the Treasury
until March &c, but in the first three weeks o
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will DO received by the
First National Bank Of Ann Arbor, Mici
Second National Bank of Detroit, Micf
First National Bank of Fenton, Mich.
AND BY ALL NATIONAL BANKS
which are dopositarios Of Public Money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, tacting as agents Of thu
National Depository Banks,) win furnish furthe
information application and AFFORD EVERY