East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-05-11
j. s. 10 40 BONDS.

These Bonds issued under the Act OF Con-
gress Of March ssh. 1864. which provides that all
Bonds iasasd under this Act shall be EXEMPT
FROM TAXATION by or under any state OF
municipal authority. sabschptionst to those Bond.
are received In Unitod States notes or notes o
National Banks They arc TO BE REDEEMED
IN com. at the pleasure Of the Government, a
any period NOT less than ten or more than forty
years from their daes, and until their redemption
FIVE PER CENT INTEREST WILL BE
PAID IN COIN, ON Bonds Of not over one hum
drod dollars annually, aud on all other Bonds
semi-annually. The interest Is payable on the
first days Of March and September in each year.
Subscribers will receive either Registered or
Coupon Bonds, As they may prefer. Registered
Bonds are recorded on tho books Of the United
States Treasurer, and can DO transferred only
on the owners order. Coupon Bonds are pay
able to bearer, and are more convenient for COM
mercial uses.
Subscribers 10 this loan will have the option OF
having their Bon1s draw interest from March LIST.
by paying the accrued interest in coin-(or In U.
s Notes, or tho notes of National Banks, adding
SO per cent. for premium or receive Thorn draw
ing interest from the date Of subscription and de-
post. As these Bonds arc
Ersmpf. from Municipal or State Tarafion.
their value is increased from one to three per
cont. per annum, according to the rate Of tax lev
les in difforcat parts Of tho country.
Attic present rate Of premium on gold they
pay.
Over Eight Per Cent Interest.
in currency, and arc equal convenience as .
permanent or temporary investment
IL 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 To-
dcbtedncss, the faith or ability of private parties
or stock companies or separate communities only
Is pleged for payment. while for the debts Of the
United states tho whole property ofthe country
is holden to secure the payment Of both principal
and interest in coin FI 4afH
TAese Bonds may be subscribed for in sum from
$50, up to any magnitude, on the same terms
and srs thus made equally nvnilable to the
smallest lender and largest capitalist. They can
be converted into money at any moment, and the
holder will have the bene6. Of the interest.
IL 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 ,0Oo The in
tercst this debt for the coming fiscal year will
be s45, 937, l26 while tho customs in gold
for tho current fiscal year, ending, Jmno Both
1864, has been so far at the rate Of over sl00-
0oo,000 per annum. ~
1t will be seen that even the present gold rev.
enues Of the Government are largely in excess Of
tho wants Of the Treasury for the payment Of
gold interest, while tho recent increase Of the
tariff will doubtless raise the annual receipts
from customs on the same amount Of importa-
tions to sl50,000,000 per annum.
Instructions TO the National Banks acting a.
lean agents we're not issued from the Treasury
until March 20, but in the frst three weeks Of
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will be received by tho
First National Bank of Ann Arbor Mich
2ecoud National IA, =, 4 nes rc;t Mich