The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-12-24
l. S.5-2O'S

The Secretary Of the Treasury has not yet
given notice Of any intention to withdraw this popu-
lar Loan from Sale at Par, and until Ten days notice
is given, the undersigned, As General subscrip-
tion Agent" VIII continue to supply the public.
The whole amount Of The Loan authorized Is Five
Hundred MILLIONS Of Dollars Nearly -Four Hun
dred Millions have been already subscribed
for ard paid inIo the Treasury mostly within the
lAssssven months. The large demand from abroad,
andthe rapidly increasing home demand for use as
the basis for circulation BY National Banking Associ
atisBs organising eli parts OF the country wilt
in very short period absorb the balance Sales have
lately ranged from ten to hfteen millions weekly, fre
quenty exceeding thres millions daily and az seis veil
knOwn that GBe Secretary Of the Treasury has ample
and uBfailipg IN the Duties Imports and
Internal Revenues and IN the issue Of the Interest
bearing Legal Tender Treasury Notes, it is almost
certainty that be will not End it necessary for long
time 70 come, TO seek market for aay other long 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 ofNatonal Bank
ing Associations well the minds Of ali who have
idle money their hands, 70 the prompt conclusion
that they should lose time In subscribing 10 this
most popular Loan. 1t VIII soon be beyond their
rsseh, and advance to q handsome premium, as was
the result with the "seven-Trty Loan, ;, when it WIS
al sold and could no longer be subscribed for at par
It is q Six per eeat. Loan, the Interest and
Principal payable in Gem, thus yielding over
Nine per Cent per Annum, at the present rate
Of premium coin.
The Government requires all duties on imports to
Be paid in Coin these duties have for a long time
past amounted TO Quarter Of Million Of Dol
ars daily asum nearly three times greater than that
required in the payment Of the interest all the
2os and other permanent Loans. 50 thatit is hoped
that the surplus Coin in the Treasury, at distant
day, will enable the United States to res ume specie
payments upon all liabilities.
The Loau called $40 frem the fact tha whilst the
Bonds may for 20 years, yet the Government has
right to pay them or In God, at par, at any time
after years.
The Interest is paid hslf-yearly, viz on the
frat days Of November and May.
Subscribers can have Coupon Bonds, which are pay
able to bearer and S5O 500, $500, and 81 900 or
Registered Bonds Of same denominations and in addi
tior s. OoO and SO ooO For Banking purposes, and
for Investments Of Trust moneys the Regstered Bonds
are preferable. Al e.. tl-.-.-s- 81
These 5-2J's cannot be taxed by States, cities
towns or countieF, and the Government tax them
Is only and half per cent. the amount of in
come, when the income of the holder exceeds Six
Hundred Dollars per annum all other investments,
such as income from Mortgages, Railroad Stock, and
Bonds etc. must pay from three TO nge per cent tax
on the income.
Banks and Bankers throughout the country win con
tinue 10 dispose Of the Bonds and all orders by mail,
or otherwise, promptly attended 10.
The Inconvenience OF a few days delay In the de-
livery Of the Bonds is Unavoidable the demand being
greats but as interest Commences from the day of
subscription, loss Is occasOned and every eG5rt
Is being made to diminish the delay.
JAY COOKE,
SUBSCRIPTION AGENT,
ia SOUTH THIRD STREET, PHILADELPHIA.
Phiadslphia, November 26 1861
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