The Alleghanian. [volume] (Ebensburg, Pa.) 1859-1865, 1863-04-30
The Hest way to Put Money
out at Interest


our columns for the benefit Of our read
ers:
r From the Philadelphia Ledger, Adrch az
p One OF tiie most surprising things IN
the recent conversion of grecnback notes
into the popular Five-Twenty six pet cent
Government loan at par. is the universaiis
ty of the call We happened in, yesterday
a. the office of Jay Cooke, who rs the
agent for the sale of these loans, and the
conversions Of the greenbacks, and fonni
his table literally covered with orders
| and accompanying drafts Tor almost all
amounts, from five thousand to huodred
thousand dollars each, and from all parts
of theeUnion The little States OF Deia.
ware and New Jersey are free takers, as
are also Pennsylvania, New \ ork aud the
| New England States. But the W est IS
most especially an active taker, as We'll
| through her banks as by individuais-
The amount of orders lying before US, all
received during the day, amounted to
/ over fifteen hundred t.ousdnd dollars
| With this spontaneous prof1er OF money,
| Secretart Chase must feel himself entirely
at ease, and will take care to put himself
+! beyond those money sharpers, whose chlei
study is how to profit themselves most
from the troubles of the country and the
necessities of the treasury. There are
| millions of dollars lying idle all over the
country, and while the npeertainty existed
as to what Congress would do, and the
bullion brokers were successful IN running
ur gold to the discredit of the Govern
mcnt issues, this capital was ciutched
close. But as the policy and measures Of
the Secretary of the Treasury arc gradu-
ally developed, confidence in the Govern
ment and in the future is strengthened,
and holders are now anxious TO make their
long unemployed means productive
hence the ready and liberal Investment iu
the Five-Twenty loans at par Almost
every town and village throughout the
country has individual holders Of money,
| to larger amounts probably than ever be-
| fore at one time, foewhich satisfactory
takers cannot be ioend. Many OF those
are now investors In these loans, aud the
number of such is likely to increase, until
| the demand shall put all the Government
loans on par with. at least, the loans of
tbeyarious incorporated companies. The
country banks are also free takers Tor
themselves aud their customers. On the
lst of July this Fiye-Twenty Year loan
will, under the law, be Withdrawn.
! BERKs Co., PA, Karch 90, 1863.
JAY CooIK, ESQ, United States Loan agent
ia South Third st Philadelphia.
Dear Sir: see 10y our papels that you
are selling for tie Government new
Loan called Five Twcntics." | expect
| to have shortly few thousand dollars to
spare, and as | have made up my mind
! that the Government Loans are sale aud
good, and that it is my duty and interest,
at this.time, TO put my money into them
in preference over any other loans or
stocks, | write to get Information Of You
as follows:
| 1st Why are they called Give TScn-
! ties ?"
2ud Do you take country uSey. or
| only Legal Tender Notes, or will a check
on Philadelphia, or New York, answer
for Subscriptions
| Sd. Do you sell the Bonds at Par?
4th AS | cannot cometo Philadelphia,
how am [ 70 get the Bonds 7
| 9Th. What interest do they pay, and
how and when and where is it paid, and
/ is it paid in Gold or Legal Tenders?
4 OtH- I1OW QotS CcCictdIJ AHtiSc Stl
enough Gold to pay this Interest
! 7th Will the face Of the Bonds be paid
| in Gold when due
| Sth Can have the Bonds payable To
Bearer with Coupons, or registered and
! payable to my order
| 9th What sizes are the bonds?
10th. Will | have to pay the same tax
| on them as | now pay on my Railroad, or
other Bonds
1lth. What is the present debt Of the
| Government, and what amount is it like
| ly to reach if the Rebellion should last a
| year or two longer
18th. Will Secretary Chase get enough
from Custom House duties and Internal
Revenue, Income Taxes, &c &C., make
it certain that he can pay the Interest
punctually?
] have no doubt that a good many OF
my neighbors would like TO take these
Bonds, and if you will answcpnry questions
[ will show the letters to them.
Very Respectfully,
s. NJ r
O6Fce~bf JAY CooKE, Subscription Ageat, /
al uDaoe Of jar COOKE + Co, Bankers,
ia S. Third 81.
L Dur