Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1863-12-12
BUSINESS NOTICES.
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The SECRETARY OF THE TFEAsURY has not
vet given notice OF any intention 10 withdraw
this popular Loan from Sale at Par. and un-
til ten avs Eotice is given. the Undersigned
as General Subscription Agent, Will con-
tinue to supply the pubic.
The whole amount of the Loan authorized IS
Five Hundred Millions of,DGilaIs. Nearly
Four Hundred Millions have been already
subscribed for and 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 AsSoJla =
tions now organizing in all parts Of the coIH-
try, will, in very short period, absorb the
balance: Sales have lately ranged from ten
to fifteen millions weekly, frequ ntly exc cd
in, three millions daily, and rs It IS Neil
known that the Secretary of the Treasury
has ample and unfliling resources in the Du-
ties OH Imports and Internal Revenues. and
in theiss OF the Interest be ring Legal FEN
der Treasury Notes, it is almost certainty
that he will not find it necessary. ior long
time to come. to seek market for any other
long or permanent Leans, the interest and
principal of " hich aic payable in Gold.
Prudence AMI self interest must force ths
minds of those contemplating the formati on
of National Banking Associations, as well as
the minds of all who have idle money on
their hands. 20 tho prompt conclusion that
tIev shoGld lose no time in subscribing 10
this most popular Loan. II will soon he be-
vond their reach. and advance to a handsome
premium. as was the result with the Seven
Thirty" Loan. wheI. II was all sold and could
no longer be subscribed for at par.
1t is six per Cent Loan. the Interest aud
Principal 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 I'm
ports to he paid in Coin these duties haze
for a long time Ia%t amounted 10 ovcra Quar-.
ter ola Million o. DO lars daily, a sum nearly
three times greater than hat requ red in the
payment of the interest on all the 2O's and
other permanent Loans. SO thai it rs hoped
that the surplus Coin IN the Treasury. at no
distant day, viii enable the United States to
resume p ere Pay menls uron al liabilities
The 0an is called $40 from the fact that
whilst the Bonds may run for 20 years. yet
the Government has a right 10 ray them of
in Gold at l;.r. 1T any time after , years;
The Interest is paiil hnlf-yearly. eiz OF
the first day Of November aid May.
Subscribers can have Coupon Bonds. which
are PAYABLE to bearer. and are So. 500
$500 and $1,000; ar Registered Bonds 81
same denominations. and III addition, S5OU
and $1,000. For Banking purposes and foI
! investments Of Trust-monics the Registerc,
! Bonds are preferable.
These 5-20s cannot he faxed by States. CT
| ties. towns, or counties. apd the Government
tax on them is only one and a half per cent.
on the amount of income. when the income u
the holder exceeds Six Hundred dollars pei
annum all either investments. such as income
from Mortgages. Railroad Stock and Bonds
etc. must pay from three to five per cent. ta2
| on the income.
! Banks and Bankers throughout the country
will continue to dispose of the Bonds and
| all orders BY mail, or otherwise promptly at
| tended to.
! The Inconvenience Of 4 few days delay il
| the delivery Of the Bonds is unavoidablr. tn
| demand being so gierI ; but as interest com
| me.ces from the day OF sEhscrii tou. no los
! is occasoned AMI every effort i being mad
! TO diminish the delay.
JAY Cooks, Subscription Agent.
| LA South Third ST., Philadelphia
PHILADELPHIA, November -, 1868. 3:!-E
| Mr.. VAy SrEExwYk. President Of the Bata
| Wan Bank. La Crosse. IS agent for this part o
| the State. at whose Bank Bonds ma, be or
! dered or had at al times.