East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-11-23
U. s. ESQ LOAN.

u. u. | w UUAN.
The Secretary Of the Treasury gives notice
that subscriptions win be received for Coupon
Treasury Notes payable three years from Aug
Is, 1864, with scmi-anua interest at the rate Of
seven and three tcnths per cent per annum--
prinipal and interest both to be paid in lawful
money
These notes viii be convertible at the option Of
the hoder at maturity into six per cent. gold
bearing bonds. payable not less than five nor
more than twenty years from their date, ne the
government may elect. They will boissuod in
denominations Of ESQ, sloO, $500, $1,000 and
$1,000 and all subscriptions must be for fifty
dollars or some multiple Of fifty dollars
The notes will bo transmitted to the owners
free Of transportation charges MS soon after the
receipt Of the original Certificates ofDcposlt as
they can be prepared.
AS the notes draw interest from August 10,
persons making deposits subsequent to that date
must pay the interest accrued from date Of note
to date Of deposit.
Parties depositing twenty-five thousand dol
lars and upwards for these notes at any one time
viii be allowed commission OF ono quarter Of
ono per cent, which win be paid by the Treas
ury Department upon the receipt Of bin for
fho amount certified to by the officer with whom
she deposit was made. No deductions for com
missions must be made from the deposits.
Special Advantages Of this Loan.
Ir Is A NATIONAL SAVINGS BANK, offering as
higher rate of interest than any other, and the
best security. Any savings bank which pays
It's depostors in U. s. Notes, considers that IL is
paying in the best circulating medium Of the
country, and 1t cannot pay in anything better,
for rs own assets ore either in government secur-
ties or in notes or bonds payable in governmen
paper
1t isequnlly convenient as q temporary or per.
nlanent investment The notes can always be
sold for within fraction Of their face and accu-
INFLATED interest, and are the best security with
banks as colaterals for discounts.
Convertible into a Six per cent.
$40 Gold Bond.
In addition to the very liberal interest on the
notes for three ycais, 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 stocSS was
over 20 per cent. 1t viii be socn that the actua
profit on this loan at the present market rate !,
not less than 10 per cent. perennum.
Its Exemption from State or NUM-
cipal Taxation
But aside from all the advantages we have emu
mcrated special net of Congress oxoupis 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.
It is believed that no securities ofTer so great
inducements to lenders as tho.o issued by the
government In all other forms of indebtedness
the faith or ability Of private parties, or stock
companies or sopoule communities, only, Is
pledged for payment, while the whole property
oftho country is held to secure the discharge Of
al the obligations ofthe 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 be Issued for all do.
pos.,s. The party dcposiling must endorse upon
the original certificate the denominations Of
notes required, and whether they are 10 he Issued
In blank or payable to order When 50 endorsed
It must be left with the officer receiving tho dc
posit to be forwarded to tho Treasury Depart
mont.
Subscriptions will be received by The Treas
uror Of the United States at Washington, tho sew.
eral Assistant Trcasurors and designated Depos-
itaries, and by the
First National Bank, Ann Arbor Mich,
Second National Bank Of Detroit, Mich,
First National Bank Of Fentonvillo
and b. all National Banks which are dcpcsitarios
Of public money, and
ALL RESrCETADLE BANKS AND BANK
ERS
throughout tho country will give further infor-
nation and
AFFORD EVERY FACILITY TO sUBsCBI-
BLRs. 2633m