The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1863-12-31
I. s. -20'S

The Secretary OF the Treasury has not yet
given notice OF any intention to withdraw this popular
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 Hum
dred Millions have been already subscribed
for aud paid into the Treasury, mostly within
the last seven months. The large demand from abroad,
and the rapidly increasing home demand for use as the
basis for circulation by National Banking Associa-
lions now organizing in all parts Of the country, will,
in a very short period, absorb the balance. Sales have
lately ranged from ten to fifteen millions weekly, fire.
quently exceeding three millions daily, and as 1t is well
known that the Secretary of the Treasury has ample
and untailing resources in the Duties on Imports and
Internal Revenues, and in the issue of the Interest
bearing Legal Tender Treasury Notes, it is almost a
certainty that he will not find it necessary, for a long
time.to come, to seek a market for any other long or
permanent Loans, II INTEREST AND PRINCIPAL
OF WHICH ARE PAYABLEIN GOLD.
Prudence and self interest must force the minds of
those contemplating the formation of National Banking
Asso Citations, as well as the minds of all who have idle
money on their hands, to the prompt conclusion that
they should lose no time in subscribing to this most
popular Loan. 1t will soon be beyond their re ach, and
advance to a handsome premium, as was the result
With the "Seven Thirty" Loan, when it was all sold and
could no longer be subscribed for at par.
1t Is a SIX per Cent Loan, the Interest and
ana Principal payable I'm Coin, thus yield
Ing over Nine PEI Cent Rnnum at the present
rates of premium on coin.
The Government requires all duties on imports to be
paid in Coin these duties have for q long time past
amounted to over a Quarter ola Million Of Dollars
daily, a sum nearly threetimes greater than that re-
CURED In the payment 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 distant day,
VIII enable the United States to resume specie pay
ments upon ali liabilities.
The Loan is called 500 from the fact that whilst the
BONDS may run for 20 years, yet the Go vernment has
a right to pay them off in Gold at par, at any time af-
ter & years.
The Interest Is paid half-yearly, viz: on the
nrst days Of November and May.
subscriptions can have Coupon Bonds, which are pay
able to bear er, and are $50 800 $500 $1,000; or Reg
Istsred Bonds ofsame denominations, and in addition,
30 OOo aud $40 600. For Banking purposes and for in
Vestments OF Trust-monies 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 a-half per cent, on the amount of income,
when the income of the holder exceeds Six Hundred
dollars per annum all other Investments, such as in
come from Mortgages, Railroad Stock and Bonds, ETC.,
must pay from three to five per cent tax Oh the income.
Banks and Bankers throughout the country will con-
tinue to dispose ofthe Bonds and all orders by mail,
or otherwise promptly attended 20.
The Inconvenience Of a few davis DELAY in the deliv-
cry OF the Bonds is unavoidable, the demand being so
great; but as interest commences from the day of sub.
no loss is occasioned, and every effort Is be-
ing made 10 diminish the delay.
JAW COOKE,
Subscription Agent,
ia South Third Street, Philadelphia.
Il. O.. DURANT,
80. - A-n1