The Grand Haven news. [volume] (Grand Haven, Mich.) 1858-18??, 1864-07-13
U. S. 1910 Bonds.

lhese bonus ute lssueu uiucr the ACT OF '"n
gross of March sth, 1864, which provides tina
all Bonds issued nndor this Act shall be TX
EMPT FROM TAXATION by or under any
state or municipal authority, Subscriptions to
these Bonds are received in United States notes
or notes of National Banks They aroTo BIZ
REDEEMED IN COIN, at the pleasure OF the
Government, at any period not tess than ten nor
more than forty years from their date, and until
their redemption FIVE PER CENT. INTER
EST WILL BE PAID IN COIN, on Bonds of
not over one hundred dollars annually and on
all other Bonds semi -annnally The interest is
payable on the FIRST days Of March and sep,eu.-
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. $.
Treasurer, and can be transferred only ON the
owners order. Coupon Bonds ARE payable to
bearer, and are more convenient for commercial
uses.
Subscribers to this loan viii have the option
of having their Bonds draw interest from March
lst by paying the accrued interest in coin-for
in United States notes, or the notes of National
Banks, adding fifty per cent for premium y
or receive them drawing interest from tho date
Of subscription and deposit. As these Bonds
are
Exempt FROM Municipal or State Tax
alton,
their value is increased from one to three pcr
cent per anuum, accoring to The rate of tax lev
les in yafious 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 q
permanent or temporary investment.
IL 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
debtcdness, the faith ability of private parties
or stock companies or separate communities on
lyis pledged 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.
These Bonds may be subscribed for. in sums
from $50 up to any magnitude, on the same
terms end are thus made equally available to
the smallest lender and the largest capitalist
They can be converted into money at any mo-
ment, and the holder wiIl have the benefit Of
the interest.
1t may be useful to state in this connection
that the total Funded Debt of the United statos
on which interest is payable in gold on the 3D.
day Of March, ls6kvas s7Cs,o65,oOo. The in
terest on this debt for the coming fiscal year
viii DO $45,3sGt26 while the customs revenue
in gold for The current fiscal year, ending Juno
SOth, 1864, has been so far at the rate of over
SlOO,OOOOOO per annum.
1t will BIO seen that even the present gold rev
enues Of the Government are largely in excess
of the wants of the 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 Of mporta.
tons to Si5OOOo,oOO. per nnnum,
Instructions to the National Banks scting as
loan agents were not issued from the United
States Treasury until March 20, but in the first
three weeks Of April the subscriptions averaged
moro than TEN MILLIONS A WEEK.
First National Bank Of Ann Arbor, Mich.
Second National Bank of Detroit, Mich.
First National Bank of Fcnton, Mich
AND BY ALL NATIONAL BANKS
Which arc depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country (nctug as agents Of the
National Depository Banks), will furnish fur.
Their information ON application and
AFFORD EVERY FACILITY TO SUB.
sCRIBERs. l2Gfm6.
PHOENIX