East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-11-09
U. s. 7-3O LOAN.

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The Secretary Of the Treasury gives notice
that subscriptions win be received for Coupon
Treasury Notes, payable three years from Aug.
Is, 1864, with seni-anual interest at the rate Of
seven and three tsnths per cent. per annum-
prinipal and interest both TO be paid in lawful
money.
These notes will be convertible at the option Of
the holder at maturity, into six per cent. gold
bearing bonds. payable not less than Eve nor
more than twenty years from their date. as the
government may elect They will belssued in
denominations of $50 500. $780, $1,000 and
81, 1000, and all subscriptions must DO for fifty
dollars or some multiple Of fifty dollars.
The notes will DO transmitted to the owners
FREQ Of transportation charges as soon after the
receipt of the original Certificates Of Deposit as
they can be prepared.
As the notes draw interest from August l5,
persons making deposits subsequent TO that date
must pay the interest accrued from date Of note
to date Of deposit
lars and upwards for.theso notes at any ono time
will BIO allowed a commission of ono quarter of
one per cent, which will be paid by the Treas
ury Department upon the receipt of bill for
fine amount, certified to by the officer with whom
she deposit was made. No deductions for com
missi ons must be made from the deposits.
Special Advantages of this Loan.
Irm NATIONAL SAVINGS BANK, offering as
higher rate of interest than any other, and the
best security. Any savings bank which pays
its depositors in U. s. Notes, considers that it is
paying in the best circulating medium of the
country, and II cannot pay in anything better,
for its own assets either in government securi-
ties or in notes or bonds payable in government
paper.
1t is cqunlly convenient as n temporary or per-
maneut investment The notes can always be
sold for within n fraction of their face and aceu.
INFLATED interest, and are the best security with
banks as coaterals for discounts.
Convertible into a Six per cent.
$40 Gold Bond
In addition to the very liberal interest on the
notes for three years this privilege Of conversion
is now worth about three per cent. per annum,
for tho current rate of $40 Bonds is not less than
nine per cent premium, and before the war the
war the premium on per cent q. s stocks was
over 20 per cont. II will be seen that the actua
profit on this loan at the present market rate Ii
not less than 10 per cent per annum.
Its Exemption from State or NUM-
cipal Taxation
But aside from all the advantages VIC have emu
merated, a special act of Congress exempts all
bonds and Treasury notes from local taxation
On the average this exemption is worth two per
cent. per annum, according to the rate Of taxa
ton in varlnus parts of the country.
1t is believed that no securities offer so great
inducements to lenders rs those issued by the
government. In all other forms Of indebtedness
the faith or ability OF private parties, or stock
companies, or separate communities only is
pledged for payment, while the whole property
ofthe country is held to secure the discharge of
all the obligations of the United States
While the government offers the most liberal
terms for its loans il believes that the strongest
appeal will be to the loyalty and patriotism of
the people.
Duplicate certificates will be issued for all do.
posits. The party dcpositing must endorse upon
the original certificate tho denominations Of
notes required, and whether they are to be issued
in blank or payable to order. When so endorsed
il must be left with the officer receiving the de
posit, to be forwarded to the Treasury Depart
ment.
Subscriptions will be received by The Treas
urer of the United States, at Washington, the sew
cral Assistant Treasurors and designated Depos-
itarios, and by the
First National Bank, Ann Arbor Mich,
Second National Bank Of Detroit, Mich,
First National Bank Of Fentonville,
and by all National Banks which are depositaries
Of public money, and
ALL REsrCETADLE BANKS AND BANK
Frs
throughout the country will give further infor-
nation and
AFFORD EVERY FACILITY TO SUBsCRI-
DERS. 2633m