East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-06-01
j. s. 10 40 BONDS.


These Bonds are Issued undcr The Act Of Con.
srssS of eth, March lse4, which provides that al
Bonds issued Under this Act shall be EXEMPT
FROM TAXATION by or under any state Or
municipal authority. Subscriptions to these Bonds
are received IN United States notes or notes OF
National Banks. They are TO BE REDEEMED
IN COIN, at the pleasure Of the Government, A.
any period NOT less than ten or more than forty
gears from tboir date, aud 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
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 United
States Treasurer, and can DO transferred only
on the owners order. Coupon Bonds are pay
able 10 bearer, and are more convenient for com
mercial uses. Ia
Subscribers to this loan will have the option Of
having their Dos.as 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 premium or receive them draw
ing interest from the date Of subscription and de-
post. As these Bonds arc
rErsmpt. from Municipal or State Tarction
thei value is increased from one to three per
cent per annum according to the rate Of tax lev
les In oiffereat parts Of the country.
Attic present rate Of premium on gold they
pay.
Over Eight Per Cent Interest.
in currency, and are If equal convenience as a
permanent or temporary Investment
II IL believed that no securities offer so great
inducements to lenders as the various descrip-
tions Of U, S Bonds. In all other forms Of il-
debtedness, the faith 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
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 benef. Of the interest =
II may be 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 the coming fiscal year will
be s45, 937 l26. while the customs revenue in gold
for tho current fiscal year, ending, june Both
| 1864, has been so far at the rate Of over $780,
000000 per annum.
1t will be 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 the recent increase Of the
tariff will doubtless raise the annual receipts
from customs on the same amount Of importa-
tons to sl50000,000 per annum.
Instructions to the National Banks acting al
lean agents were not issued from the Treasury
until March 26, but in the first three weeks Of
April the subscriptions averaged more than TEN
MILLION y WEEK.. gif2 vo-
Subscriptions will be received by the