East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-06-22
j. 5. 1910 BONDS.

These Donds are issued under the Act of r "
grcsss q stb, March 1864, which provides that o.
Bonds issued under this Act shall DO EXEMPT
FROM TAXATION by or under any state o.
municipal authority Subscriptions to these Bonds
are received in United States notes or notes o.
National Banks. They are TO BE REDEEMED
IN COIN, Mt the pleasure Of the Government, at
any period not less than ten or more than forty
years from thoir date, and until their redemption
FIVE PER CENT INTEREST WILL BE
PAID IN COIN, on Bonds of not over one hun
drcd dollars annually, aud on all other Bonds
ssmi-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 tn" books Of the United
States Treasurer, and can be Transferred only
on the owners order Coupon Bonds are pay
able to bearer, and are more convenient for COM
mercial uses.
Subscribers TO this loan will have the option o,
having their Bon1s draw interest from March LIST
by paying the accrued interest in coin-(or In U
Notes, or the notes of National Banks, adding
so per cent for pre- nium,) or receive them draw
ing interest from the date of subscription and de-
post. AZ these Bonds AFRO
Exempt from Municipal or STATE Tdration
their value Is increased from one to three per
cent. per annum, according to the rate Of tax lew
les in oiffercat parts of the country.
Attic present rate Of premium on gold they
pay.
Over Eight Per Cent Interest.
in currency, and a-o II equal convenience as
permanent or temporary investment
II IL believed that no securities offer so great
inducements to lenders ms the various descrip.
tions Of U, Bonds In all other forms of ia.
debtedness the faith or ability of private parties
or stock companies or separate communities only
is pleged for payment, while for the debts of the
United states the whole property oftho country
is holden to secure the payment OF both principal
and interest in coin
T.cse Bonds may be subscribed for in sum from |
$50, up to any magnitude, on the same terms |
and are thus made equally available to tho |
smallest lender and largest capitalist. They can |
be converted into money at any moment, and the |
holder will have the beneh. Of the interest.
II may DO 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, 965 900. The in
terest on this debt for tho coming fiscal year will
be s45, 1877 26, while the customs revenue 10 gold
for the current fiscal year, ending, Jmne 30th'
1864, has been 30 far at the rate of over $780, |
100000 per annum.
1t will he seen that even the present gold rev.
enues Of the Government are largely in excess Of
the wants Of the Treasury for the payment Of
gold interest, while tho recent increase Of the
tariff will doubtless raise the annual receipts
from customs on the Same amount Of importa-
tons to sI50,000,000 per annum.
Instructions to the National Banks acting as
/ nm agents we're not issued from the Treasury
until March &c, but in the first three weeks Of
April the subscriptions averaged more than Ten
A WEEK.
Subscriptions will be received by tho
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 depostaries Of Public Money and all
REsPEcTABLE BANKS AND BANKERS
the country, (adting rs agents Of the
National Depositary Banks,) viii furnish further
on application and AFFORD EVERY
FACILITY TO sUBscRI rERs i-24s-3m
CLoCKs. this day recsivcd-and for sale ebcsd
~ by TIE D0UpHTY.
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