East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-06-29
j. 5. 1910 BONDS.

These Bonds are issued under the Act Of Con-
grcsss Of 9Th, March 1864, which provides that all
Bonds issued under this Act shall DO EXEMPT
FROM TAXATION by or under any ct ate or
municipal authority. Subscriptions TO these Bond
are received in United States notes or 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 forty
years from their 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
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 the books of the United
States Treasurer and can be transferred only
on tho owners order. Coupon Bonds arc pay
able to bearer, and IRE more convenient for com
moreial uses.
Subscribers to this loan will have the option Of
having their Bonds draw interest from March lst'
by paying the accrued interest in coin-(or in U
S Notes, or the notes of National Banks, adding
80 per cent for prenium,) or receive them draw
ing interest from the date of subscription and de-
posit As these Bonds are
Exempt from Municipal or Stale Taration.
their value is increased from one 10 three pop
cent per annum, according to the rate of tax low
los in oiIereat parts of the country.
At the present rate Of premium on gold they
pay.
Over Eight Fer Cent Interest.
in currency, and are If equal convenience as
permanent or temporary investment
1t believed that no securities offer so great
inducements TO lenders as the various descrp-
tons Of U, s. Bonds In all other forms Of in-
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 of the country
is holden to secure the payment Of both principal
and interest in coin.
These Bonds may be subscribed FOR in sum from
$50, up to any magnitude, on the same terms,
and are thus made equally available to the
smallest lender and largest capitalist. They can
be converted into money at any moment, and the
holder will have the benefit Of the interest
Ttmay be useful to state in this connection
that the total Funded Debt of the United States
which interest is payable in gold, on the Sd
day of March, 1864, was s76s, 1865 900. The in
terest on this debt for tho coming fiscal year will
be s45 937 l26, while the customs revenue in gold
for the current fiscal year, ending, Jmns 30th'
1864, has been 60 far at tho rate Of over $780,
100000 per annum.
1t will DO seen that even the present gold rev
enues Of the Government arc largely In excess Of
tho wants of the Treasury for the payment Of
gold interest, while the recent increase Of the
tariff will doubtless raise tho annual receipts
from customs on the same amount Of importa-
tons to $50, 100000 per annum.
Instructions TO the National Banks acting a.
loan agents we're not issued from the Treasury
until March 26, but in the first three weeks Of
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will DO received by he
First National Hank Of Ann Arbor, Mich
Second National Bank Of Detroit, Mich
First National Bank Of Fentop, Mich.
AND BY ALL NATIONAL BANKS
which are depositaries Of Public Money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (actIng az agents Of shs
National Depositary Banks.) will furnish further
information on application and AFFORD EVERY
FACILITY TO sUBscRI BERS. i-2<e-3m
CLoCKs. this day received and for sels ehsed
~ BY T.. y DOUGHTY.