The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1863-12-23
STATES 5-20'S !

The Secretary Of the Treasury has yet given no
tiee Of any intention 10 withdraw this popular Loan
from Sale Par and until days notice is given the
undersigned as GENERAL SUBSCRIPTION AGENT, %
viii continue to supply the public.
The whole amount OF the Loan authorized Fivo Hun
dred Millions OF Dollars Nearly -Four Kindred 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 the basis FOR circulation by Ma
tiOna Banking Associations organizing in all parts
Of the country will, in very short period absorb the
balance Sales have lately ranged from ten TO fifteen
millions weekly, frequently exceeding three millions
daily and as It IS well known that the Secretary OF the
Treasury has ample and unng 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 viii not find 1t necessary for
long time 70 come, 10 seek market FOR any other
long permanent Loans the Interest and Principal Of
which are Payable in Gold.
Prudence self interest must force the minds Of
those contemplating the formation OF National Banking
Associations, well the minds Of all who have IDLE
money on their hands, TO the prompt conclusion that
they should lose time IN subscribing this most
popular Loan II viii be beyond their reach and
advance to a handsome premium, the result with
the " Seven Twenty " Loan, when 1t was all sold AMI
could no longer be subscribed FOR at par
Il IS SIX per Cent Loan, the Interest and Payment
payable IN CON- thus yielding Nine per Cent per
snnum at the present rate OF premium on coin
The Government requires all duties on imports 70 be
paid IN Coin; these duties have for long time past
amounted 10 over Quarter Of Million Of Dollars daily
sun nearly three times crater than that required in
the payment Of the interest OF all the 5o0s and other
permanent loans so that it is hoped that the surplus
Coin IN the Treasury az distant day, will enable the
United states to resrme specie payments upon all liabl
tiles.
The Loan Is called $50 from the fact that whilst the
Bonds may run for 20 years yet the Government has
Alright 10 pay them OF in Gold at par at any time after
5ysars
The Interest paid half yearly viz on the first days
Of November and May.
Subscribers can have Coupon Bonds which are paya
be to bearer, and are sse $780, $500, and 81 OOO
Registered Bonds Of Same denominations and IN addi-
ton, 5000 and $4,000 For Banking purposes and for
Investments Of Trustncnies the Registered Bonds are
preferable
lnese 5os cannot be taxed by States cities towns,
Or counties and the Government tax on them Is only
one ant-a half per cent on the a mount Of increase
when the income Of the holder exceeds Six Hundred dol
Ars per annun al other investments srch As income
ircn Mortgages, Railroad stock and Bonds &c must pay
ron three to Eve per cent. tax on the income
Banks and Bankers throughout the country viii con
tnue to dispose OF the Bonds and s orders BY mail or
otherwise promptly attended 70.
The Inconvenience Of few days delay in the delivery
q TIE Bonds IS unavoidable the demand being SO great
o1 as Interest commences from the day Of subscription
10 loss s occasioned antevery effort IS being made 10
diniOish the delay
JAY COOKE, Subscription Agent,
ia South Third Street, Philadelphia
Philadelphia, Nov IS, 1888 45Ons