Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1863-12-10
Netp gbbertisennrts.
u. s. 5.2O's.
T,HE SECRETARY OF THE TREA,

THE SECRETARY OF THE TREA-
Il SURY has not yet given notice Of any in.
tentien to withdraw this popular Loan from
Sale at Par, and until ten days notice ia given,
the undersigned ss "General Subscription
Agent" will continue to supply the public.
The whole amount Of the Loan suthorixed
il Five Hundred Milliens Of Dollars. Nearly
Three Hundred Millions have been already
subscribed for and paid into the Treasury.
mostly within the last six months. TIE
balance, 1.-TWO Hundred Milllons,) is hardly
sufficient TO furnish the basis for circulating
notes for the National Banking Association,
now Rapidly organizing in all parts of the
country.
Sales during May, June and July, reached
frequently Two Millions, Daily. 1t is con-
! fdently expected that the sales will again in
crease, especially as large foreign demand
(mostiy from Germany has lately sprung up,
which is likely to absorb One or Two Millions,
weekly. very short period only must
elspse before this Loan is wholly absorbed,
and as it is well known that the Secretary Of
the Treasury has ample and unfailing re-
sources 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 win not find it
necessary, for long time to come, 70 seek o
market for any other long or permanent Loans, |
the Interest and Principal of which are pay
able in GOLD.
Prudence and selfinterest must force the |
minds Of those contemplating the formation |
Of National Banking Associations, a. well ss /
the minds Of all who have idle money on their /
hands, to the prompt conclusion, that they /
should lose no time in subscribing for this
most popular Loan. 1t will soon be beyond
their reach, and advance to 9 handsome pre-
grnaWN a II ~ 1
Thirty" Loan when it was all sold and could
no longer be subscribed for at par.
Il is Six per cent. Loan, the Interest and
Principal payable in Coin, thus yielding
about Eight per cent per annum at the
present rate of premium on coin.
The Government requires all duties on i'm
ports to be piid in Coin; these duties have
for long time past amounted TO over q
Quarter of Million of Dollars, daily, a sum
nearly three times greater than that required
in the payment of the interest on all the
5-2Vs and other permanent Loans. So that
1t is hoped that the surplus of Coin in the
Treasury. at no distant day, will enable the
United States to resume specie payments upon
all liabilities II
The Loan is called $50 from the fact that s
whilst the Bonds may run for 90 years, yet !
the Government has the right to pay them off Z
in Gold, at par, at any time after years. t
The Interest is paid half yearly, viz: On
the first days of November and May.
Subscribers can have Coupon Bonds which
are payable to bearer, and are of $50, 800,
$500, and $1,000; or Registered Bonds Of
'sme denominations, and in addition, g., 900,
and $4,000. Fer Banking purposes and for I
Investments of Trust monies, the Registered
Bonds are preferable. lL
These 5-20's cannot be taxed by States,
,lties, towns, or counties, and the Govern =
nent tax on them is only one-and -a-half per
cent on the amount of income, when the in
,ome Of the holder exceeds Six Hundred dol
ars per annum; all other investments, such
Is income from Mortgages, Rail Road Stock
md Bonds, ETC., must pay from three TO five
Der cent. tax, on the income.
Banks and Bankers throughout the country y
Fill continue to dispose of the Bonds; and ali
riders by mail, or otherwise promptly at I
ended to.
The Treasury Department having perfected
arrangements for the prompt delivery Of
SOnds, Subscribers will Be enabled TO receive
hem at the time Of Subscription, or at furthest O
n FOUR days. This arrangement will be
'ratifying to parties who want the Bonds on 81
'ayment Of the money, and it is hoped, will
realty increase sales.
SUBSCRIPTION AGENT, Ii
'IRST NATIONAL BANK, GALLIPOLIS. st
Dec. 10, 1863.