Union County star and Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1859-1864, 1863-12-08
Latest News U. S. 5-20's.
The Secretary Of the Treasury

The Secretary Of the Treasury
has not yet gwen notice oil any IN n'enliUn 10
withdraw this popular Loan from sale al par
and. unul ten days notice Is gwen, the un-
ders gned. as General Subscription Agent"
will continue 10 supply the public.
The whole amount Of the loan authorized
is Five Hundred Millions Of Dollars. Nearly
Four Hundred Millions have already been
subscribed for and paid into the Treasury.
mostly within the last seven months. The
large demand from abroad, and the rapidly
increasing home demand. for use as the basis
for Circulation by National Banking Associa-
tons now organizing in all part. OF the coun-
Try, will, IN a very short period, absorb the
balance. Sales have lately ranged from ten
10 tifIeen millions weekly. frequently exceed.
ing three millions daily; and as IL is well
known that the Secretary of The Treasury as
ample aud unfaIllng resources. IN The duties
on imports and internal revenues. and in the
issue Of the interest-bearIng legal tender
Treasury Notes, il is almost a certainty that
he will net hnd II necessary, for long time
10 come. 10 seek market for any other long
or permanent Loans, the interest and prlnci.
pal OF which are payable In gold.
Prudence and self-intsrest must force the
miGds Of these contemplating the formation
the minds Of oil who have idle money on their
hands, 10 the prompS conclusion that they
should lose no time in subscribing 10 this
most popular Loan. I 1t will soon be beyond
their reach. and advance TO handsome pre-
MUM, as was the result with the .'Seven
Thirty" Loan, vhen &, was oil sold and could
no longer be subscribed for al par.
~ 1t is SIX per cent Loan, the interest
and uavztie n rnin Ithus WELDING
over nine per cent. per annum at the presenI
rate of premium on coin.)
The Government, requires all duties on i'm
ports to be paid in Coin these duties have
for q long time past amounted p over
quarter Of Q million Of dollars daily. sum
nearly three times greater than that required
in the payment Of the interest on all the 5-30's
and other permanent Loans. So that il is
hoped that the surplus coin in the Treasury.
al no distant day, will enable the United
States 10 resume specie payments upon all
liabilities.
The Loan is called s 20 from the fact. that.
whilst the bonds may run for 20 years. yet
the Government has . right 10 pay them of
IN gold. al par, al any time after years.
The Interest is paid haif-yearly, viz: on
the FIRST days Of November and May.
Subscribers can have Coupon Bonds,
which are payable to bearer, aud are $50,
500, $500, and $1,000; or Registered Bonds
Of same DENOMINATIONS. and in addition,
$4,000 and $4,000. For Banking purposes,
and for investments of Trusi-monies, the
Registered Bonds are preferable.
These 5-70's can not be taxed BY States,
cities. towns, or counties. and the Govern
meni tax on them is only one -and-a-half per
cent, on the amount Of income, when the
income Of the holder exceeds six hundred
dollars per annum. All other inveSune nis
such As incomes from mortgages. railroad
stock and bonds, ETC.. must pay from three
10 FIVE per cent on the income.
Bank and Bankers throughout the coun,ry
will continue to dispose Of the Bonds and
all orders by mail, or Otherwise, promptly
attended TO.
The Inconvenience Q! few days delay in
the delivery of the Bonds. is unavoidable. the
demand being so erea, but, as in,eres, CON-
mences from the day Of suhsc crIp,ion, no loss
is occasioned, and every effort is being made
TO diminish delay. JAY COOKE,
SUBSCRIPTION AGENT.
ia So'uh Third Street, Philadelphia
Philadelphia, November 25. 1853.