East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-09-28

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug.
Is, 1864, with semi-nnual interest at the rate Of
seven and three tsnths per cent per annum--
prinipal and interest both to be paid in lawful
money. ---.1-
Those notes viii be convertible at the option Of
tho ho,der at maturity, into six per cent gold
bearing bonds. payable not less than FIVE nor
more than twenty years from their date, rs the
government may elect They will be issued in
denominations of $50, 500, $500, $1,000 and
$4,000, and all subscriptions must be for fifty
dollars or some multiple of fifty dollars.
The notes will be transmitted to the owners
free Of transportation charges as soon after the
receipt Of the original Certificates ofDeposit as
they can DO prepared.
As the notes draw interest from August Is,
persons making deposits subsequent to that date
must pay the interest accrued from date Of note
10 date of deposit.
Parties depositing twenty-five thousand dol
lars and upwards for these notes al any one time
will be allowed commission Of one quarter Of
one per cent, which will be paid by the Treas
ury Department upon the receipt Of n bin for
fhe amount, certified TO by the officer with whom
she deposit was made. No deductions for CON-
missi ons must be made from the deposits.
Special Advantages of this Loan.
Irn A 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 II is
paying in the best circulating medium Of the
country, and it cannot pay in anything better
for its own assets are either in government securi
ties or in notes or bonds payable in government
paper.
1t sequnlly convenient MS a temporary or per-
maneut investment The notes can always be
sold for within fraction Of their face and accu-
mulated interest, and are the best security with
banks as colaterals for discounts.
Convertible into Six per cent.
$40 Gold Bond
Tn add ition 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 the current rate Of $40 Bonds is not less than
nine per cent premium, and before the war the
war the premium on per cent. U. s. stocks was
over 20 per cent. 1t will be seen that the actua
profit on this loan at the present market rate h
not less than 10 per cent per annum.
Its Exemption from State or NUM-
cipal Taxation
But aside from all the advantages we have emu
merated, special act Of Congress exempts all
bonds and Treasury notes from local taxation
On the average this exemption is worth two por
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 as those issued by the
government. In all other forms of indebtedness
the faith or ability Of private parties, stock
companies, or separate communities only, il
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, II believes that the strongest
appeal will be to the loyalty and patriotism Of
the people.
Duplicate certificates will DO issued for all de-
posits The party depositing must endorse upon
the original certificate the denominations o.
notes required, and whether they are to be issued
in blank or payable TO order. When 80 endorsed
II must be left with the officer receiving the de
posit, to DO forwarded to the Treasury Depart
ment.
Subscriptions will DO received by The Treas
uror of the United States, at Washington, the sew
eral Assistant Treasurers and designated Depos-
itaries and by tho
First National Bank, Ann Arbor Mich,
Second National Bank of Detroit, Mich,
First National Bank Of Fentonville,
and by oil National Banks which are depositaries
Of public money, and
ALL RESPCETABLE BANKS AND BANK.
Frs
throughout the country will give further infor-
nation and
AFFORD EVERY FACILITY TO sUBScRI-
pEpc o622u