The Grand Haven news. [volume] (Grand Haven, Mich.) 1858-18??, 1864-07-20
u. s. 1870 Bonds.

- " N''f io"'' "NhVu Pl0fllfe tnef
all Bonds issued under This Act shah be n y
EMpT FROM TAXATION BY. or under an,
state or municipal authority. subscriptions l.
these Bonds are received in United STATED n5tes
or notes Of National Banks. They arc TO Bs
REDEEMED IN COIN, at the pleasure Or thu
Government at any period not icss than ten no,
more than forty geq,s from their date, and. until
their redemption FIVE PER CENT tN4ER
EST WILL BE PAID IN COIN. on Bond. Q,
not over one hundred dollars annually and on
oil other Bonds somi-ahnaally. The interest," !,
payable on the FIRST days of March and seu,eua
Der in each year
Subscribers will receive either Recis,orsd :.
Coupon Bonds, as they may prefer. Reei,tsyos
Bonds are recorded on the books Of the II 5
treasurer and can be transferred only on ,be
owners order. Coupon Bonds are paysbls 4,
bearer and are more convenient for commoro;d
uses.
Subscribers to this loan will have the option
OF having their Bonds draw interest from March
ist bypayiug the accrued interest in coin -,
IN United States notes, or the notes of Natiopsl
Banks adding fifty per cent. for premium -
OF receive them drawing interest from the data
of subscription and deposit As these Bond,
are
exempt from Municipal or state Ts,.
alton,
their value is increased from one to three mar
cont per "nnum, aecOring to the ratio of tax lev.
les in various parts of the country.
At the present rate of premium on gold tbov
pay
Over Eight Per Cent. Interest
III currency and arc Of equal convenience as
permanent or temporary investment.
1t is believed that no securities offer so rreot
inducements to lenders rs the various de.crie
tons of U. S. Bonds. In all other forms Of in.
dooiedncss the faith or ability of private parte,
OF STOCK companies or separate communities on
ly is pledged for payment, while for the dents nc
the United States the whole property of tbs
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, Oh The same
terms and are thus made equally available 70
the smallest lender and the largest capitalist.
They can be converted into money at any mo.
nent, and the holder will have the benefit of
The interest.
1t may be useful to state in this connection
hat the total Funded Debt of the United States
'n which interest is payable in gold ON the Sd
lay of March, 1864, was s76s965, OOO The in
crest on this debt for the coming fiscal wear
will be S45,037 ,l26 while the customs REVENUE
n gold for the current fiscal year. endipp lima
'V'n' 1864 has been so far at the rate ofOvsr
$780, 100000 per annum.
1t viii be seen that even the present gold rev.
nues of the Government are larcelv in oxc.ss
I the wants of the Treasury for the payment of
old interest while the recent increase of the
nriif will doubtless raise the annual rcceipts
rom customs on the same amount of imports-,
ions, to $4,000, 600. per annum.
instructions to the National Banks acting as
IAN agents were not issued from the United
'ates Treasury until March 20, but in the first
irec weeks of April The subscriptions averaged
orS than TEN MILLIONS A WEEK.
First National Bank of Ann Arbor, Mich.
Second National Bank Of Detroit, Mich.
First National Bank of Fenton, Mich.
ND BY ALI NATIONAL BANKS
hieh are dopositaries Of Public money, and ali
BspEcTABLE BANKS ANDgBANKERs
roughout The country facthg as agents Of the
ational Depository Banks, will furnish fur.
or information on application and
FFoRD EVERY FACILITY TO SUB.
9OhlbhKs' 1884 NC.
vs-s-. sf-srraata
PHGNIx