East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-07-06
j. 5. 10 40 BONDS.

These Bonds are issued under the Act of Con
grcsss of etb March 1861 which provides that all
Bonds issued under this Ao, shal be EXEMPT
FROM TAXATION by or under any state or
municipal authority Subscriptions to these Bonds
are received in United States notes Or notes %
National Banks They are TO BE REDEEMED
IN COIN, at the pleasure Of The Government, at
any period not less than tel more than forty
years from their date and until their redemption
FIVE PER CENT INTEREST WILL DE
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 zach year
Subscribers will receive either Registered or
Coupon Bonds, as they may prefer. Registered
Bonds are recorded on tho books Of the United
States Treasurer, and can be transformed only
on the owners order Coupon Bonds are pay
able to bearer, and are more convenient for com
mercal uses.
Subscribers TO this loan win have the option Of
having their Bonds draw interest from March lst'
by paying the accrued interest in coin--(or in U
- A'N'NTt VI t'o hotSe va Afhtitlttl duuiuK
so per cent for premium, or receive them draw
ing interest from tho date Of subscription and de-
post, As these Bonds arc
'Erempt. from NsRicipal or Slate Tarasion
their value is increased from one to three per
cent per annum, according to the rate Of tax lev.
rs in oiiercat parts Of the country.
Attic present ra'o Of premium on gold they
pay.
Over Eight Per Cent Interest.
in currency, and arc yfequsl convenience as a
permanent or temporary inyoa,mcnt
Its believed that no securities offer so great
inducements to Lenders as the vari, rs doscrip-
lions of L, S. Bonds In all other lsrus of in-
debtcdncss the faith or ability of private parties
or stock companies or separate communities only
is pleged for payment while for the lebis of the
United states tho whole property Of tho country
is holden to secure tho payment u both principal
ond interest in cois
T.eso Bonds may be subscribed for in sum from
$50, up to any magnitude, on tho same termr
and are thus mado equally available to tho
smallest lcndor and largest capitalist They can
be converted into money at any moment and the
holder will have the benefit o. the interest.
Il may 10 useful to STATIC in this connection
that the total Funded Dob, Of the Unitod States
on which interest Is payable in gold on tho Sd
day Of March, 1864, was s7Bs 065 oeo Tho in
tercst on this debt for The coming fscal year viii
be si5937 l26, while the customs revenue 10 gold
for the current fiscal year,, ending, Jmno S0th,
1864, has been 50 far at The rate Of over $780,
100000 per annum.
IL viii bo seen that even The present gold rev.
snue~ Of the Government arc largely il excess of
The wants Of the Treasury Tor The payment of
gold interest, while tie recent iuereaso Of the
tariff will doubtless raise the annual receipts
rom customs on the same amount of inpozta-
ions to sl50,00O,000 per sunuu.
Instructions to tho National Banks acting us
can agents were not issued from the Treasury
until March &c, but in tho first three weeks Of
April tho subscriptions averaged more than Ten
AwEEE.
Subscriptions will be received Nv HE
First National Bank Of Ann Arbor, Mich
second National Bank Of Detroit. Mich
first National Dank ofEcntop. Mich.
AND By ALL NATIONAL BANKS
'hich are depositarics Of Public Money. nnd an
REsPEcTABLg DANRss a,sgEr4
throughout the eoysSy ~ - n AN ~
' National D'p''as1 sst' l9ra