Civilian & telegraph. [volume] (Cumberland, Md.) 1859-1875, 1863-12-31
]. s. 5-2O'S

THE SECRETARY OF THE TREASURY
| has not yet given notice of any intention
| to withdraw this popular Loan from Sale ut Pa
and until ten days noticeis given, the under
signed, rs GENERAL SUBSCR IPTION
AGENT" will continue to supply the public
The whole amount of the Loan authorized
is Five Hundred Million of Dollars. 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 in
creasing Ii ONE demand for is the basis for
circulation by National Banking Association
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 mill
lions weekly, frequently exceeding three mil
lions daily, and as it is we'll known that the
Secretary of the Treasury has ample and un
failing resources in the Duties on Imports and
Internal Revenues, and in the issue OF the In
tcrest bearing Legal Tender Treasury Notes,
it is almost n certainty that he will not find it
necessary. for n long time to come, to seek a
market for any other long or permanent Loans,
TIE INTEREST AND PRINCIPAL OF
WHICH ARE PAYABLE IN GOLD.
Prudence and self interest must force the
minds of those contemplating the formation of
National Banking Associations, as well as tho
minds of all who have idle money on their
hands, to the prompt conclusion that they
should lose no time in subscribing to this IN st
popular Loan. 1t viii soon. be beyond their
reach, and advance to a handsome premium,
as vas the result with the "Seven Thirty"
Loan. when it was all sold and could no longer
be subscribed for at par.
1T rs A SIX PER CENT LOAN, THE IN
TEREST AND PRINCIPAL PAYABLE IN
COIN, TIUS 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 be paid in Coin these duties have for
n long time past amounted toover II Quarter of
n Million of Dollars daily, sum nearly three
times greater than that required in the pny-
ment of the interest on all the 5-20's and other
permanent Loans. So thatit is hoped that the
surplus coin in the Treasury, at no distant day,
will enable the United States to resume specie
payments upon all liabilities.
The Loan is called 500 from the fact that
whilst the Bonds may run for 90 years yet the
Government has u right to pay them off in
Gold at par, at any time after years.
THE INTEREST Is PAID HALF-YEAR-
ny, viz: on the first days of November and
May
subscribers can have Coupon Bonds, which
are payable to bearer, and are $50, 500 90,
and $1,000 or Registered Eonds of same de-
nomina ii )ns, and in addition, $4,000 and $40,
600 For Banking purposes and for invest
mcnts of Trust monies the Registered Bonds
are preferable.
These 20s cannot be taxed by Stntes, cit
les, towns or counties, and the Government tax
them is only one aud a-hnlf per cent, on
the nmoun. of income, when the income of tho
holder exceeds $500 per annum; all other in
vestmcnts, such as income from Mortgage,
Railroad Stock and Bonds, etc, must pay from
three to five per cent tax on the income.
Banks and Bankers throughout the Country
will continue to lisnose of the Bonds and all
orders by mail, or otherwise, promptly atten-
ded to.
Tho inconvenience of few days delay in
the delivery os the Bonds is unavoidable, the
demand being so great but as interest COM
mences from the day of subscription, no loss is
occn stoned, and every effort is being made to
diminish the delay.
JAY COOKE,
SUBSCRIPTION AGENT,
ia SOUTH THIRD STREET, PuILA.
Dec 3-4M.