East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-07-20
j. s. 1910 BONDS.

These Bonds are issued under the Act Of Con
gresss Of etb, March 1864, which provides that all
Bonds issued under this Act shall be EXEMPT
FROM TAXATION by or under any state
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 tho pleasure of the Government, al
any period not less than ten or more than forty
years from their datc, and until thoir 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, MS they may prefer Registered
Bonds are recorded on tho books of the urited
States Treasurer, and can DO transferred only
on tho owners order. Coupon Bonds are pay
able to bearer, and arc more convenient for com
mereial uses.
Subscribers TO this loan will have the option OF
having their Bon1s draw interest from March ist
by paying the accrued interest In coin--(or In {.
s Notes. or the notes of National Banks, adding
90 per cent. for premium or receive them draw
ing interest from the date Of subscription and de-
post As these Bonds are
Exempt from Municipal or State Tarasor
their value Is increased from ono to three per
cent per annum, according to the rate Of tai lev
les in difercat parts of the country.
thc ,ro.onk xo,.
pay. *
Over Eight Per Cent Interest.
In currency and arc II equal convenience as
permanent or temporary investment
1t is believed that no securities offer 80 great
Inducements to lenders as the vari.us descrip.
tionsof U, S. Bonds In all other rsrus or IL.
debtodncss, the faith ability of private psrtss
or stock companies or separate communities only
spleged for payment, while for the dobts Of the
United states tho whole property Of tho country
Is holden to secure the payment Of both principal
and interest in coin. nj
These Bonds may DO subscribed for in sum- from
$50, UP TO any magnitude on tho Same tor,ns,
~ 49, 800 --'-ss>-~fs"ty ss'"haDic 10 mo
smallest lendor and largest capitalist. They can
be converted into money at any moment, and tho
holder will have the benoh. Of the interest. ~
II may be useful to state in this connection
that the total Funded Debt Of the Untod statcs
on which interest is payable in gold, on tho Sd
day Of March, 1864 was s76s,965 goo. The 10.
terest on this debt for the coming fiscal yosr will
be si5 937 l26, whilo the customs revenue in gold
for tho current fiscal year, ending, Jmno 30th,
1864, has been 90 far at the rate Of over el00-
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 ntercit, whilo the recent increase Of the
tariff will doubtless raise tho spnusi receipt,
from customs on the same amount Of imports-
lions to sl5oooo 900 por annum.
Instructions to tho National banks acting a.
lcan agents were not Issued from the Treasury
until March %, but in ths lrrt three weeks Of
April the subscriptions averaged more than TIN
AwEEE.
Subscriptions will be received by tho