The Grand Haven news. [volume] (Grand Haven, Mich.) 1858-18??, 1864-06-08
u. S. 1910 Bonds.

- - @&F<s
These Bonds arc issued under the Act of Con-
gress of March stb, 1884, which provides tina
all Bonds issued under this Act shah be Eek
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 are TO BIZ
REDEEMED IN COIN, at the pleasure of tho
Government, ut any period no, less than ten nor
more than forty years from their date, and until
their redemption FIVE PER CENT. INTER
EST WILL BIZ PAID IN COIN, on Bonds of
not over one hundred dollars annually and on
all other Bonds semi-annuslly. The interest is
payable on the first days of March and septem-
Der in each year.
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer Registered
Bonds are recorded on tho books of the U. S.
Treasurer, and can be transferred only on tho
owners order. Coupon Bonds are payable TO
bearer and are moro convenient for commercial
uses.
Subscribers to this loan will have the option
of having their Bonds draw interest from March
LIST, by paying the accrued interest in eon--(or
in United States notes, or the notes of National
Banks, adding fifty per cent for premium, j.
or receive them drawing interest from the date
of subscription and deposit. AS those Bonds
arc
Exempt from Municipal or State Tax
alton,
their value lie increased from ono 10 three per
cent. per annun, accoring to the rate Of INK lev
les in various 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 u
permanent or temporary investment.
II is believed that no securities offer so great
inducements to lenders as the various descrip-
tions of u. 8. Bonds. In all other forms of in
debtedness the faith or ability of private parties
or stock companies or separate communities on
ly is pledged for payment while for the debts of
the United States tho 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, and 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 will have the benefit of
the interest.
II 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, $1,000 The in
tcrest on this debt for the coming fiscal year
will be Si5,037, l26, while the customs revenue
in gold for the current fiscal year. ending June
3Oth, 1864, has been so far at the rate of over
500, 100000 per annum.
It will be seen that even the present gold rev.
enues Of the Government arc largely in excess
of the wants of the Treasury for the payment of
gold interest, while the recent increase Of tho
tariff will doubtless raise the aunual receipts
from customs on the same amount of impOrta-
tiOns, to Si5OOOO,OOO per annum,
Instructions to the National Banks acting as
loan agents were not issued from the United
States Treasury until March 20, but in tho first
three weeks of April the subscriptions averaged
more than TEN MILLIONS A WEEK.
First National Bank of Ann Arbor, Mich.
Second National Bank of Detroit, Mich.
First National Bank of Fenton, Mich.
AND BY ALL NATIONAL BANKS
Which are depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country (acting as agents of the
National Depository Banks), will furnish fur.
ther information on application and
.,,~o,.. ,,,,,,.v ,,.cr,,,,, No 81,