The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1863-12-12
T s. 5-2O'S.-The Secretary of tn,

III s. 5-2OS.-The Secretary of the
~ Treasury has not yet given notice Of any
intention to withdraw this popular Loan from
sale at Par, and until ten days notice is given,
the undersigned, a. General Subscription Aoe,ss, ;
Will continue to supply the public.
The whole amount of the Loan authorized is
five Hundred Millions Of Dollarst Nearly -Four
Hundred Millions have been already subscribed for,
and paid into tie Treasury mostly within the last
seven months. The large demand nom 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. Bales have lately ranged from ten to
niteen millions weekly, frequently exceeding
.nree millions daily, and as 1t is wellknown that
tne Secretary Of the Treasury has ample and M
laihng resources In the Duties on Imports and
Anternal Revenues, and in the issue of the Inter-
est bearing Legal Tender Treasury Notes. it is
ALMOST q certainty that he will not find it neces-
saay, for long time to come, to seek a market
for any other long or permanent Loans he IN
se'ess ana Principal of ohich 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
mlnds OF all who have idle money on their
hands, to the promptconclusion that they should
lose no time In subscribing to this most popular
Loan. 1t will soon be beyond their reach. and
advance to handsome premium as was the re-
suit with the seven Thirty Loan, when it was
all sold and could no longer be subscribed for at
par.
II Is Sr per Cent. Loan, the Interest and Pa,ci-
pal pdynble in Coin thus yielding oper Nine pey
Cent. per d,anuna at the present rate of premium
on coin.
The Observation-Disclosures all duties on imports
to be paid in Coin; these duties have for a long
time past amounted to over Quarter of a Mil
lion of Dollars daily, a sum nearly three times
greater.than that required in the-payment ofthe
interest on all the 5-2O's and other permanen,
Loans. So that it is hoped the surplus Coin in
the Treasury, at no distant day will enable the
United States to resume specie payments upor
all liabilities.
The Loan is called $50 from the fact tina,
whilst the Bonds may run for 20 years, yet the
Government IN has ,a right to pay them Off Cole
The Interest is paid hoLf-yearly Viz: on the frs
days Of November and May.
can aa, nave Goupon Bends Which
$1,000; or Registered bonds of the same denoni
notions, and in addition, s., 900 and $4,000 Fo
| Banking purposes and for investments of Trust
monies the Registered Bonds are preferable
These sos cannot be taxed by States, cities
towns or counties, and the Governmmenttax. or
| CiIeAl y o1iy one-anu-a-nal1 per cent, on tn
amount of income, when the income:of tn
holder exceeds Six Hundred per annim: al
other Investments, such as income from Mort
cages, Railroad Stock and Bonds etc., must pa,
from three to five per cent tax on the income.
Banks and Bankers throughout the countr
will continue to dispose of the bonds and all OF
ders by mail or otherwise, promptly attended tc
The inconvenience of a few days delay in tn
delivery of the Bonds is unavoidable, the dc
mand being SO great; but as interest commence
from the day of subscription no loss is occasion
ed, ana every effort is being made to diminis
the delay. JAY COOKE.
Il Subscription Agent,
Il IA South Third street, Philadelphia.
Il STATE BANK, Burlington, Agents. -