The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-12-13
l. 5. 5-2O'S

The Secretary of the Treasury has rot yet
given notice Of any intBLton Withdraw this popu-
lar Loan from Sale at Par, and until ten days notice
is given, the undersigned, as General subscriL-
| tion Agent" will Continue to supply the public
The whole amount OF the Loan authorizedis Five
Hundred Millions Of Dollars Nearly Four Hun
dred Millions have been slready subscribed
FIR and paid into the Treasury, mostly within the
| lastseven months. THO large demand from abroad,
and the rapidly increasing home demand for use as
the basis for circulation by National Banking A2soc
atiohs now organizing in all parts ofthe country, WILL
In very short PERIOD absorb the balance sales have
lately ranged from ten 20 fifteen Mil ons weekly, fIe
queDtly exceeding three miIions daily and as Il is "
known that the Secretary Of the Treasury has ample
and unfarg resources in the Duties on Imports and
Internal Revenues and in the issue Of The Interest
bearE Legal Tender Treasury Notes, it is almost
certainty that be will not nndt necessary, for crc
time to come, to seek market for any ether long or
permanent Loans, THE INTEREST AMI PRINCIPAL
OF WHICH ARE PAYABLE IL GOLD.
Prudence and selfinteTest must force the minds Of
those contemplating thu formation Of National Bank
ing Associations as well as the minds Of ali who have
idle money their hands, to the prompt conclusion
that they should lose time in subscribing 20 this
most popular Loan. 1t Will soon be beyond their
reach, and advance To handsome premium, as was
the result with the 'Seven- Thirty Loan when il was
all sold and could no longer be subscribed for at par
1t is a Six per eeat. Loan, the Interest and
Principal payable in Com, thus yielding over
Nine per Cent. per Annum, at the preseut rate
Of premium on coin.
The Government requires all duties on imports to
h. n, -Fnsf
past amounted to over Quarter Of Million OF Dol
lars daily, nearly three times greater than that
required in the payment OF the interest on all the
2Os and other permanent Loans. So that is hoped
that the surplus Coin in the Treasury, at distant
day will enable the United States to res ume speoe
payments upon ell liabilities.
The Loau is called $40 from the fact iha whilst Tho
Bonds may for 20 years, yet the Government has
a right to pay them OF in God, at par, al any time
after years
The Interest is paid halfyearly, viz on the
first days ofNovembsr and Ma.
Subscribers can have Coupon Bonds, which are pay.
able to bearer aud $50 $780, $500 and 81 OoO or
Registered Bonds Of denominations aud in addi-
tior, IS 900 and $40 OoO For Banking purposes and
Orinyestnents Of Trust moneys the Registered B1nds
are preferable.
These 5-2l's cannot be taxed by States, cities
towns or counties, and the Government tax on them
is only and half per cent. on the amount Of in
come, when the income Of the holder exceeds six
Hundred Dollars Per annum all other investments,
such as income from MortgsSes, Railroad Stocz, and
Bonds, etc. must pay froEa three TO Use PER cent tax
on the income.
Banks and Bankers throughout tue country viii con
tinue to dispose OF the Bons ard all orders BY mail,
or otherwise, promptly attended to.
The Inconvenience OF few dayA' delay IN the de-
livery Of the Bonds unavoidable the demand beng
great but as interest commences from the day Of
subscription, loss is Oecasoned aad svory effort
is b1ing made to diminish the delay.
IAY COOKE,
SUBSCRIPTION AGENT