Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1863-12-02
i S. 5-20iS-

The SECRETARY OF TIE Treasury has no; v-t
given notice OF any intention 10 Withdraw this
popular Loan from Sale at Par. and until ten
days notice is given, the undersigned. as GEsEs-
Al SUBSCRIPTION AGEST.' will continue 10 SUNNY
the public
The whole amount of the Ian auJh 7r. zef il
Five Hundred Millions Of Dollars NEARLY FuuR
HrNpkED MILLIONS HAVE BEEN ALREADY srHSCFl-
REn FOR AND PAID mo rHE TREASrRY. mys.Iy
within the last seven months. The large demand
from abroad, and the rapidly increasing home
demand for use as the basis for circulation BY
HaticuaI Banking Associations now organizing in
all parts of the country. will, in very shgT.
speriod absorb the balance. Sales have lately
ranged from ten TO fifteen millions weekly, fr--
quentiy exceeding three millions daily. and rs Il
Is well known that the Secretary Of the Treasury
has ample aAd unfuiling resources in the Duties
on Imports and Internal hey6 aud in the IS
sue of the Interest bearing Legal Tender T5es-
sUry Notes II Is almost certainty that be all
not find il necessary, for long time to come T.,
seek market for any other long or peImauelt
Loans. THE INTEREST AED PRINCIPAL us WEIGH ARa
PAYABLE ~ COLD.
Prudence and self interest must force The minds
Of those contemplating the formation of National
Banking Associations. well the minds Of al
who have idle money Jhair hands tp the
prompt conclusion that they should lose no tim
IN su bscribing 10 this most popular Loan twill
soon be beyond their reach. aiIG advance 10
handsome premium, as was the result with III,
Seven Thirty Loan. when il all sold ant
cOule no longer be subscribed for az par
II IS a SIX PER CEST LoAN, THE INTEREST AND
PEIScIPAL PAYABLE IN CoIv- rats IIELDIsG oyI.
NISE PER CENT PER AsSUH at the + resent rate o.
premium on coin.
The Government requires all duties on rnp0rts
to be paid Coin these duties have for long
time past amounted to- over Quarter of a Miliurl
of Dollars daily. Il nearly three times greater
than that required in the payment of the iutcre..
On all the 5-2u's and other permanent Loan 80
that ii is hoped that the surplus Coin in the rrr.
sury, at distant day. viii enable the UuiteL
States 10 resume specie payments upon all habi.-
tiles.
The Loan is called 5-20 from the fact that v hl-l
the Bonds may run for - years. yet the Govern
ment mas right to pay them of in Gold at par.
At any time after years.
Tx INTEREST Is PAID HALF-YEARLy, viz. o. lLs
first days of November ami May
'Subscr bers can have Coupon Bonds which
payable to bearer, and are sou, : 90. Sj0n. sui
$1,000; or Registered Bonds Of same denuIniua-
tions. and in addition, $JUOU, ana $1,000 Eu-
Banking purposes and for Investments of Trus.-
monies the Registered Bonds preferable.
These 5-20's cannot be taxed by States cities,
towns or counties. and the Government tax Oh
them is only one-snd half per cent on the
noun of income when the income of the holder
exceeds Six Hundred dollars per annum all other
investments such as income from Mortgage,
Railroad Stock and Bonds. etc, must pay from
three to five per cent tax the income
Banks and Bankers throughout the Country
will continue to dispose of the Bonds: and all
orders by mail or otherwise promptly attended to
The inconvenience Of n few days delay in the
being 30 great; but as interest commences from
the day of Inscription loss is occasioned. and
every effort is being made to diminish the delay
JAY COOKE, Su Inscription Agent.
ia South Third Street Philadelphi
Philadelphia November 25, 1868.