The Union. [volume] (Georgetown, Del.) 1863-1866, 1863-12-04

The Secretary Of the Treasury has not yet given
notice of any intention to withdraw this popular
Loan frsm Sale at Par, and until ten days notice is
given, the undersigned, as General Subscription
Agent" will ntnue to supply the public,
The whole amount of the Loan authorized is Five
Hundred Millions Of Dollars Nearly -Four Hun
bred Millions have been already subscribed for and
paid into the Treasury, mostly within the last saveA
months. The large demand from abroad, and the
rapidly increasing home demand sor use the ba-
sis for circulation by Ratond Banking Associa-
tions now organizing in all parts Of the country,
will, in very short period absorb the balances
Sales have lately ranged from ten to fifteen milliens
weekly, frequently exceeding three millions daily,
and it is well known TINT the Seeretary Of the
Treasury has ample and nniailing resources 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 will
not find it necessary, for long time to come, to
seek market Tor any other long or permanent
Loans, the interest and principal Vi which pay
able in GOLD.
Prudence and self interest must force the minds
Of those contemplating the formation of National
Banking Association, we'll as the minds OF all
who have idle money on their hands, to the prompt
conclusion that they should lose no time in sub
scribing to this most popular Loan. 1t will soon
be beyond their reach, and advance to a handsome
premium, US was the result with the Seven Thirty"
Loan, when it was all sold and could no longer be
subscribed for at par
cipal payable in Coin, thus yielding over Nine per
Cent. per annum at the present rate Of premium on
coin.
The Government requires all duties on imports to
be paid in Coin these duties have ior long time
past amounted to over a Quarter of Million of
Dollars daily, sum nearly three times greater than
that required in the payment oi the interest en- all
the 5-2D's and other permanent Loans. So that it
is hoped that the surplus Coin in tho Treasury, at
no distant day. will enable the United States to
sumo specie payments upon all liabilities.
The loan is called 800 from the fact that whilst
the Bonds may run for 20 years yet the Government
has right to pay them OFF in Gold at par, ut any
time after years
The Interest is paid half-yeary, viz; on the first
days of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer, and are 500, $780, $500, and
$1,000; or Registered Bonds of same denominations,
and in addition, $4,000 and $4,000 For Banking
purposes and for investments Of Trust-monies the
Registered Bonds arc 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, the amount of
income, when the income Of the holder exceeds Six
Hundred dollars per annum; all other investments,
such income from Mortgages, Railroad Stock and
tax on the income.
Banks and Bankers throughout the Country will
continue to dispose of the Bonds and all orders by
mail, or otherwise promptly attsqded to.
The Inconvenience of II few days delay in the
delivery of the Bonds is unavoidable, the demand
being great but as interest commences from the
day of subscription, no loss is occasioned and every
effort is being made to diminish the delay.
JAY COOKE,
SUBSCRIPTION AGENT.
ia South Third Street. Philadelphia.
December 4, 1885,