The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1863-12-18
U > ., 5.2(D's S.

The Secretary of the Treasury has not yet given
notice OF any iaten'ion to Withdraw this popular
Loan from Sale at Par, and until 20 days notice is
given, the undersigned, as ''General Subscription
AGENT will continue TO supply the public.
Tn. whole amount Of the Loan authorized is Five
Hundred Millions of Dollars. Nearly Four Hun.
lred Millions have been already subscribed for and
paid into the Treasury, mostly within the last sew
en- months. The large demand from abroad, and the.
rapidly increasing home demand for use as the basis
for circulation by National Banking Associations
now organizing in all parts of the country, will, in
very short period, absorb the balance. Sales have
lately ranged fron ten to fifteen millions weekly,
frequently exceeding three millions daily, and as ii
Is well known that the Secretary of the Treasury
has ample and unfailiRg resources in the Duties on
Imports and Internal Revenues, and in the issue of
the Interest hearing Legal Tender Treasury Notes,
it is almost certainty that he will not find 1t ne
eessary, for a long time to come, to seek market
for any other long or permanent loans, THE INTER
EST AND PRINCIPAL OF WHICH ARE PAY
ABLE 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 all
who have idle moneyon their hands, to the prompt
conclusion that they should lose time in subscri
bing to this most popular Loan. 1t will soon be be-
You'd their reach, and advance to handsome premi-
um, as was, the result with the 'sSeven Thirty"
Loan, when it was all sold and could no longer be
subscribed for at par
1t is Six per Cent. Loan, the Interest and Prln-
eipal payable in Coin, thus yielding Nine per
Cent per annuin at the present rate of premium on
coin. -..
The Government requires all duties on imports to
be paid in Coin these duties have for long time
past amounted to over Quarter Of Million of DOL
lars daily, sum nearly three times greater than
that required in the payment of the int crest on all
the 5-20's and other permanent Loans. So that it
is hoped that the surplus Coin in the Treasury, at
no distant day, will enable the United States to re-
ssme specie payments upon all liabilities.
The Loan is called 5-2O from the fact that whilst
the Bonds may run for 90 years yet the Government
has right to pay them Off in Gold at par. at any
time after years. r,trrE
THE lNrsResr IS pAIp HALF YEARLY, viz on the
frst days OF November and May. le4
Subscribers can have Coupon Bonds, which are
payable to bearer, and $780, Sl0O, and $1,000 or
Registered Bouds of same der ominations and in adj
dition, $4,000, and $4,000. Foi Banking purposes
and for investments of Trust-monies the Registered
Bonds are preferable.
These 5-20's cannot be taxed tv States, cities,
towns counties, and the Government tax on ther,
is only one-and-a-half per cent, on the amount OF
income, when the income of the holder exceeds Six
Hundred dollars per annun all other investments,
such as income from Mortgages, Railroad Stock an
Bonds, etc., must pay from three~to five per cen t.
tax on tie income.
Banks and Bankers throughout the Country will
continue to dispose Of the Bonds and aLorders by
mail or otherwise, promptly attended to-
The inconvenisnce Of a few days. delay in the
delivery of the Bonds is unavoidable, the demand
being SO great; but as interest commences from the
day of subscription, no loss is occasoned, and eye-
ry effort is being made TO diminish the delay.
JAY COOKE,
Subscription Agent,
na's ia South Third Street, Phil adephia.
Philadelphia, Dec. a, 1868.