Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1863-12-30
/ s. 5-2GS.


THE SECRETARY OF THE TREASURY has not vel
given notice OF any intention TO withdraw tbi,
popular Loan from sale at Par. and until ten
days notice Is given. the undersigned as ..CIEyER.
| the public ~
The whole amount of the Loan authorized is
| rive Hundred Millions of Dollars NEARLY FoUR
HUNDREn MILLIONS HAVE BEEN ALREADY sUBscRI-
BED FOR AND PAID INTO THE TREASURY m ostIv
| within the last seven onths 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 a very short
| period. absorb the balance. Sales have lately
| ranged from ten to fifteen millions weakly fra
quentiy exceeding three millions daily and as il
| Is well known that the Secretary of the Treasury
has ample and unfailing resources in the Dutie-
on Imports and Internal Revenues. and in the is-
sue OF the Interest bearing Legal Tender Trea
sury Notes. 1t is almost certainty that he will
not find 1t necessary, for long time to come 10
seek market for any other long or permanent
Loans, TIE INTEREST PRINCIPAL OF WHICH AR 3
PAYABLE N GOLD
Prudence and self interest must force the minds
of those contemplating the formation of National
Banking Associations we'll as the minds of All
who have idle money their hands to the
prompt conclusion that they should lose no time
in subscribing to this most popular Loan It will
soon be beyond their reach, and advance to
handsome premium, as was the result with the
Seven Thirty Loan. when ii was all sold and
could no longer be subscribed for at par
IT Is SIX PER CENT LOAN, THE INTEREST AND
PAYABLE IN OOlS. THUS YIELDING
NINE PER CENT PER ASNUH at the present rate of
premium coin.
The Government require. all duties on imports
TO be paid Coin; these duties have for long
time past amounted to over Quarter of Million
of Dollars daily. sum nearly three times greater
than that required in the payment of the interest
on all the 9-2o and other permanent Loans. 50
that 1T is hoped that the surplus Coin in the Trea-
sury, at no distant day, viii enable the United
States TO resume specie payments upon all liabl-
tiles.
The Loan is called $40 from the fact that whilst
the Bonds may for 20 years yet the Govern |
ment has a right TO pay them off in Gold at par, |
at any time after years,
THE INTEREST Is PAID HALF-YEARLY, viz: on the |
first days of November and May.
Subscribers can have Coupon Bonds which are I
payable to bearer, and are $50, SIOO $500 and /
$1,000; or Registered Bonds of same denomina-
tons, and in addition, S5000 and $4,000. For
Banking purposes and for investments of Trust
monies the Registered Bonds preferable
These 5-20's cannot be taxed by States cities
towns counties, and the Government tax on
th hem is only e-and -a-haf per cent on the a.
mouns of income. when the income of the holder |
exceeds Six Hundred dollars per annum all other
investments, such income from Mortgages, |
Railroad Stock and Bonds. etc, must pay from
hree to five per cent tax on the income.
Banks and Bankers throughout the Country
will continue to dispose of the Bonds; and all
,rders by al or otherwise, promptly attended to-
The inconvenience of fewsdays' delay in the
delivery of the Bonds is unavoidable, the demand
icing so great; but interest commences from
ne day of subscription, no loss is occasioned and
very effort is being N ade TO diminish the delay.
JAY COOKE, Subscription Agent.
ia South Third Street Philadelphia.
Philadelphia November Is, 1868