The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1863-12-12
j. S. 5-20'S.

THE SECRETARY OF THE Treasury has not
yet given notice Of any intention to with
draw this popular Loan from Sale at Par aud
until ten days notice is given, the undersigned,
as GENERAL SUBSCRIPTION AGENT
will continue to supply the public.
The whole amount Of the Loan authorized is
Five Hundied Millions of Dollars. NEARLY
ForR HUNDRED MILLIONS HAVE BEEN AL
READY SUBSCRIBED FOR AND PAID INTO THE
TREASURY, mostly within the last seven mon hs
The lurge demand from abroad and the rapidly
increasing home demand for use as the basis for
circulation by National Banking Associations
now organizing in all parts Of the country, will
in very short period, absorb the balance
Sales have lately ranged from ten to fifteen
millions weekly, frequently exceeding three
millions daily, and as it is ell known that the
Secretary Of the Treasury has ample and I'LL.
ining resources in the Duties OH Imports and
Internal Revenues, aud in the issue of the inter-
est benring Legal Tender Treasury Notes, il is
almost certainty that he will not find it neces-
sary, for a long time to come, to seek a market
Tor any other long or permanent LoniIs, 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 we'll as the
minds OF those who have idle money on their
hands. to the prompt conclusion that they
should lose no time in subscribing to this mos,
popular Loan. 1t will soon be beyond their
leach, ana advance to Il handsome premium, Us
was the result with the Seven Thirty" Loan,
when 1t was all sold and could no longer be
subscribed tcr at par.
1t is Six per Cent Loan, the Interest and
Principal payable i'll Coin, thus yielding over
N!Be par Cent. per unuum at the present rails
vi premium on coin.
The Govelnn ent requires all duties ON I'M
ports TO be paid in Coin; these duties have for
long time past amounted to over u Quarter of
Million ot Dollars daily, ii sum nearly three
times greater than that required in the payment
OF the interest Oh all the 5-zO's and other per-
manent Loans. So that it is ho,.ed that the
surplus Coin in the Treasury, ut No dista, day,
will enable the United States to resume specie
payments upon all liabilities.
The Loan is called 5-2U from the fact that
whist Tho Bonds may run Tor 20 years yet the
COY eminent has right to pay them off in Cold
at par, at any time after > wears
The Interest is paid la .-year.y, viz: on the
first days Of Noveuber and May.
Subscribers can have Coupon Bonds, which
aie payable to bearer, and are $50, = 100, $500
and $1,000; or Registered Bonds Of same de-
nominations, and il addition $1,000 and $40
oOo. For Banking purposes and for invest
ments OF lrnst-inonies the Registered Bonds
are preferable.
These 5-2O's cannot be taxed by States, cities,
towns or counties, and the Government tax ON
them is only one-and-s-half per cent, on the
amount Of income, when tho income of the
holder exceeds Six Hundred dollars per annum
all other Investments, such ~ income Eou,
Mortgages Railroad Stock and Bonds ETC.,
must pay from three to five per cont. tax IN the
income.
Banks and Bankers throughout the Country
will continue to dispose Of the Bonds and all
orders by mail, Of otherwise, promptly attended
TO.
The Inconvenience Of n few days delay in
the delivery OF the Bonds is unavoidable, the
demand being so great but as interst com.
mences from the day Of subscription, no loss is
oecasoned. aud every Effort is being made TO
diminish Tho delay. JAY COOKE,
Subscription 1gem,
ia South Third Street, PHILADELPHIA.
dee 5, l563-3w