The Cecil Whig., 1863-12-05
i. S. 5-20'S.

THE SECRETARY OF THE TREASURY has not
yet given notice OF any intention to with
draw this popular Loan from Sale at Par, and
until ten days notice is gwen, the undersigned
as " GENERAL SUBSCRIPTION AGENT"
will continue to supply the public.
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars NEARLY
Four HUNDRED MILLIONS HAVE BEEN Al
READY 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 the basis for
circulation by National Banking Associations
now organizing i'll all parts of the country, will,
in very short period, absorb the balance
Sales have lately ranged from ten to titteen
millions weekly, frequently exceeding three
millions daily, and as ii is well known that the
Secretary OF the Treasury has ample and I'M
| failing resources in the Duties on Imports and
Internal Revenues and in the issue Of the inter-
est bearing Legal Tender Treasury Notes, it is
almost certainty thai he will not find it neces-
saiy, for long time TO come, TO seek Il market
tor any other long Or permanent Loans, THE
| 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 the
| minds of those VINO have idle money ON their
hands, to the prompt conclusion that they
| should lose no time i'll subscribing to this most
| popular Loan. Ii will soon be bevond their
| reach, and advance to handsome premium. rs
was the result with the Seven Thirty" Loan,
when it was all sold and could no longer be
subscribed for at par.
| 1t is q Six per Cent. Loan, the Interest and
Principal payable in Coin. thus yielding over
| Nine por Cent. per anulln at the preseut rale
of premium on coin
The Government requires all duties on i'm
ports TO be paid in Coin; these duties have for
Il long time past amounted to over Quarter OF
II Million of Dollars daily, Il sum nearly three
times greater than that required in the payment
OF the interest on all the 5-20's and other per-
manent Loans. So that it is hoped that the
surplus Coin in the Treasury, ut no distant day,
will enable the United States to resume specie
payments upon all liabilities.
The Loan is called $50 from the fact that
" hilst the Bonds may run for 20 years yet the
GuveI,.ment has Il right to pay them off in Gold
at par, at upy time after years.
The Interest is paid half-ycarly, viz: Oh the
first days of November and May.
Subscribers can have Coupon Bonds, which
are payable TO bearer, and are $50, 800, $500,
and $1,000; OF Registered Bonds of same de-
nominations, and in addition, $4,000 and $40
0oo. For Bankl 6 purposes and tof invest
ments of Irust-nlunies the Registered Bonds
are preferable.
These 5-2O's cannot be taxed by States, cities,
towns or counties, and the Government tax on
them is only oneand-a-half per cent, on the
| amount Of income, when The income of The
holder exceeds Six Hundred dollars per annl,m
all other investments, such as income from
Mortgages Railroad Stock and Bonds, etc,
must pay from three to five per cent lax on tho
income.
| Banks and Bankers throughout tho Country
will continue to dispose of the Bonds aud ali
orders by mail, or otherwise, promptly attended
| to-
| The Inconvenience of a few days delay in
| the delivery of the Bonds is unav voilable, the
| demand being so great; but as interest COM
nences from the day Of subscription, no loss is
occasioncd, and every effort is being made to
diminish the delay. JAY COOKE,
Subscription Ag,m,
| ia South Third Street, PHILADELPHIA.
| dec 5, lSG.I-:1w