East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-05-25
U. S. 10 40 BONDS.

These bonds are issued under the Act Of Con-
CREST e. eth, March lsc4, which provides that Of
Bonds issued under this Act shall he EXEMPT
FROM TAXATION by or under any siate Or
municipal authority subscripiionsto 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 han .foFiy
years from thor date, and until their rcdemIsion
FIVE PER CENT INTEREST WILL DE
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 arc recorded on the books of the United
States Treasurer, and can be transferred only
on the owners order. Coupon Bonds are pay
able to bearer, and are moro convenient for COM
mereial uses
Subscribers TO this loan will have tho option OF
having their Bonls draw interest from March lsp
by paying tho accrued interest In coin--(or IN
Notes, or the notes of National Banks, adding
so per cent for prenium,) or receive them draw
ing interest from the date of subscription and de-
post As these Bonds arc
fErempf. from Municipal or Stale Tarafion.
their value Is increased from one TO three per
cent per annum, according to the rate Of tax lev
les in difereat parts Of the country.
AT the present rate Of premium on gold they
pay.
Over Eight Per Cent Interest.
in currency, and arc If equal convenience as a
permanent or temporary investment.
II liz believed that no securities offer so great
inducements 10 lenders as the various descrip-
tions of U, S Bonds. In all other foms Of in-
debtcdness, the faith or ability of private parties
or stock companies or separate communities only
is ploged for payment, while for the debts Of tho
United states the whole property ofthe country
is holden to secure the payment Of both prineipa
and interest in coin.
These Bonds may be subscribed for in sum from
$50, up TO any magnitude, On tho same terms
and are thus made equally available to tho
smallest lender and largest capitalist. They cal
be converted ~ money Mt any moment, and thu
holder will have the bench, Of the interest
1t 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 tho b
day of March, 1864 was s76s, 965 900. The in
terest ON this debt for the coming fiscal year will
be S45 1897, l26, while the customs revensc in go'
for the current fiscal year, ending, Jmne Both
1864, has been so far at the rate Of over 500
100000 per annum.
1t will be seen that even the present gold rev
enues of the Government are largely in excess o
the wants of the Treasury for the payment o
gold interest, while the recent increase Of tn
tariff will doubtlcsss raiso the annual receipt
from customs on the same amount Of importa
tions to $50, 1000, 900 per anuum.
Instructions TO the National Banks acting n
ioan agents were not issued from the Treasur.
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will be received by tho
First National Bank of Ann Arbor, Mici
Second National Bank Of Detroit, Mici
First National Bank Of Fenton, Mich.
AND BY ALL NATIONAL BANKS
which are depositaries of Public Money, and all
nnsr EVIapLE BANho AND BANKERS
throughout the country, (acting as agents of tn
National Depository Banks) will furnish furthc
information on application and AFFORD EVERY
FACILITY TO sUBscRI DERs. i-24s-3 81