East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-07-13
j. 5. 10 10 BONDS.

These Bonds are issued under tho Act Of Con
gresss of 9Th, March 1884, which provides that nil
Bonds issued under this Act shall DO EXEMPT
FROM TAXATION by or under any state o,
municipal authority. Subscriptions to these Bond.
are received in United States notes 1r notes OF
National Banks. They are TO BE Redeemed
IN COIN, at the pleasure of the Government, at
any period not less than ten or more than f5rty
years from thcir date, and until their redemption
FIVE PER CENT INTEREST WILL BE
PAID IN COIN, on Bonds Of not over one hun
dred 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 the books Of the rl.itod
States Treasurer, and can be transferred only
on tho owners order. Coupon Bonds are pay.
able to bearer, and arc more convenient for com
mercial uses.
Subscribers to this loan will have the option OF
having their Bonds draw interest from March LIST.
by paying the accrued interest in coin--(or in U
s Notes, or the notes of National Banks, adding
90 per cent. for premium) or receive them draw
ing interest from the date of subscription and do.
post. As these Bonds are
Exempt from Municipal or STATE Tosoticn
their value is increased from ono to three DC
cent per annum, according to the ratio of taxls,
'cs In differeat parts Of the country.
Attic present rate of premium on gold Tho
pay.
Over Eight Per Cent Interest.
IN currency, and are Jfequal convenience az Is
permanent or temporary investment
tie believed that no securities offer 50 gre e.
inducements to lenders as the vari-ns descrir
lions Of Z, S. Bonds. In all other lcrps Of t.
debtedncss the faith or ability OF private pasl
or stock companies or separate communities on,
Is p'eged for payment, while for the debts of tls
United states the whole property ofthe count
is holden to secure the payment of both princila
and interest in coin
These Bonds may be subscribed for in sumsfr.y
$50, up to any magnitude, on tho Same ter
md are thus made equally available to
smallest lender and largest capitalist They can
be converted into money mt any moment, and tao
holder will have the benef. Of the interest
Itmay be useful TO state In this conncct5n
hat the total Funded Debt of the United Stniss
m which interest is payable in gold. ON tho ss
lay of March, 1864, was sT6s, 965 900 Thc.in.
crest on this debt for the coming fiscal year viii
'e s45, 9S5, e6. while the customs revenue in gold
or the current iscal year, ending, Jmne 30th,
1864, has been far at the rate of over slOo-.
100000 per annum
II will DO seen that even the present gold row
nues of tho Government arc largely in excess Of
he wants Of tho Treasury for the payment Of
'old interest, while the recent increase Of the
arif will doubtless raise the annual receipts
rom customs on the samo amount Of importa-
IONS to sl50,000,00Q per annum.
Instructions to the National Banks acting as
IAN agents we're not issued from tho Trcnsury
nt March 26, but in tho first three weeks of
Ipril the subscriptions averaged more thpa TEN
WEEK.
Subscriptions will be received by the
'irst National BANK Of Ann Arbor. Mich
econd National Bank Of Detroit, Mich
'irst National Bank es Ees.ion, Mich
AND BY ALL NATIONAL BANKS