The Buchanan County guardian. (Independence, Buchanan County, Iowa) 1858-1864, 1863-12-29
u. S. 5-2O's.

The Secretary Of the Treasury has not vet
given notice of any intention to withdraw this
popular Loan for Sale at Par, and until ten
days notice is given, the undersigned, as
General Subscription Agent" will continue
to supply the public.
The whole amount of the Loan authori
is Five Hundred Millions of Dollars. Nearly
Four Hundred Millions have been already sub
scribed for and paid into the Treasury, most.
ly within the last seven months. The large
demand from abroad, and the rapidly increas-
ing home demand for as tho basis for cir
culation by National Banking Associations
now organizing in all parts of the country,
will, in n very short period, absorb the balance
Sales have lately ranged from ten to fifteen
millions weekly, frequently exceeding three
millions daily, and rs it is well known that
the Secretary of the Treasury has ample and
unfailing resources in the Duties on Imports
and Internal Revenues, and in the issue Of the
Interest bearing Legal Tender Treasury Notes,
it is almost certainty that he will find it nee
essary, for a long time to come. to seek a mar
ket forany otherlong or permanent Loans, the
Interest and principal of which are payable in
GOLD.
Prudence and self interest must force the
minds of those contemplating the formation of
National Banking Associations, as well as the
minds of all who have Idle money on their
uuHus, u Tie IrOHlpt IIlHb tneV
should lose no time in subscribing to this moss
popular Loan. twill soon be beyond their
reach, and advance to a handsome premium,
as was the result with the Seven Thirty
Loan, when it was all sold and could 10 long.
er be subscribed for at par.
1t is a Six per Cent Loan the Interest and
| Principal payable in Coin, thus yielding over
| Nine per Cent per annum at the present rate
of premium on coin.
| The Government requires all duties on i'm
ports to be paid in Coin these duties have for
a long time past amounted to over Quarter
of Million of Dollars daily, Il sum nearly three
time greater than than required in the pay
ment of the interest on all the 5-20's and other
/ permanent Loans. So that it is hoped that
the surplus Coin in the Treasury, at no dis
tant day, will enable the United States to re-
sumo specie payments upon all liabilities.
The Loan is called $50 from the fact that
whilst the Bonds may run 20 years, yet the
Government has light to pay them offin Gold
| at par, mt any time after years.
The interestis paid hall. yearly, viz on the
first days of November and May.
Subscribers can have Coupon Bonds. which
are payable to bearer, and are $50, 500, $500
and ST 900 or Registered Bonds of same de
nominations, and in addition, SIS 900 and 81 o ).
600 For Banking purposes and for invest
ments of Trust-monies the Registered Bonds
| are preferable
These 5-20's crnnot be taxed by States, ci
ties, towns or counties. and the Government,
tax on them is only ] IS per cent, on the amour,
of income, when the income of the holder ex.
ceeds Six Hundred dollars per annum !; all 9th
or investments. such as income from Mortga-
gcs, Railroad Stock and Bonds, etc, must pay
from three to five per cent tax on the income.
Banks and Bankers throughout the Country
will continue to dispose of Bonds and all or.
ders by mail, or otherwise, promptly attended
| to.
The Inconvenience of few days delay in
| the delivery Of the Bonds is unavoidable, the
demand being so great but as interest com
mences from the day of subscription, no loss is
oecnsioned, and every effort is being made to
| diminish the delay
/ JAY COOKE,
Subscription Ag't,
Ia South Sd ST., Philadelphia.
Bonds furnished at par for N. Y. Exchange
or Treasury notes by Dubuque Branch State
| Bank of Iowa.
| Dec Is 1863. l35-3w