East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-11-30
U. 5. 7.3Q LOAN.

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Tho Secretary Of the Treasury gives notice
that subscriptions win be received for Coupon
Treasury Notes, payable three years from Aug.
10, 1864, with semi-anual interest at the rate Of
seven and three tenths per cent. per annum--
prinipal and interest both to be paid in lawful
money. .
These notes viii he convertible at the option Of
the holder at maturity, into six per cent. gold
bearing bonds. payable not less than Ave nor
more than twenty years from their date as the
government may elect. They will be issued in
denominations of $50, $780, $500, $1,000 and
$1,000, and all subscriptions must be for fifty
dollars or some multiple of fifty dollars.
The notes will be transmitted 10 the owners
free of transportation charges soon after the
receipt Of the original Certificates ofDeposit as
they can be 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
to date Of deposit.
Parties deposting twenty-five thousand dol
lars and upwards for these notes at any one time
will be allowed 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.
IT Is A NATIONAL SAVINGS BANK, offering as
higher rate Of interest than any other, and The
best security Any savings bank which pays
paying in tho best circulating medium of the
country, and it cannot pay in anything better,
for i.s own assets either in government securi-
ties or in notes or bonds payable in government
paper
1t isoqunlly convenient as temporary or per.
manent investment. The notes can always be
sold for within fraction Of their face aud accu-
INFLATED interest, and are the best security with
banks as colaterals for discounts.
Convertible into a Six per cent.
5-20 Gold Bond.
In addition to tho very liberal interest on the
notes for three Yeas, this privilege Of conversion
is now worth about three per cent. per annum,
for the current rate of $50 Bonds is not less than
nine per cent premium, and before the war the
war the premium on per cent, e. S stocks was
over 20 per cent 1t will be seen that the actua
profit on this loan at the present market rate /,
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 ali
bonds and Treasury notes from local TAXATION
On the average this exemption is worth two per
cent per annum, according to the rate of taxn-
tion in varlnus parts of the country.
1t is believed that no securities offer 20 great
inducements to lenders as those issued by the
government. In all other forms of Indebtedness
the faith or ability of private parties, or stock
companies, or sepcrate communities, only, is
pledged for payment, while the whole property
ofthe country is held to secure the discharge Of
all tho 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 bc issued for all de.
posits. The party doposting must endorse upon
the original certificate the denominations Of
notes required, and whether they are to be issued
in blank or payable To order when endorsed
IL must be left with the officer receiving the de
posit to DO forwarded 20 the Treasury Depart
ment.
Subscriptions will be received by The Treas
urer Of the United States at Washington, the sew.
eral Assistant Troasurors and designated Depos- |
itaries, and by the
First National Bank, Ann Arbor Mich,
Second National Bank Of Detroit, Mich,
First Nalional Bank Of Fentonville
and by all National Banks which are depositaries
Of public money, and
ALL RESPCETADLE BANKS AND BANK
Frs
throughout the country viii give further infor-
nation and
AFFORD EVERY FACILITY TO SUDSCRI- |
BERS. 2633m |