The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1863-12-11
I'd. :, =. D. 90 S,

The Secretary OF the Treasury has not yet given
notice OF any intention to Withdraw this popular
Loan from Sale at Par, and until 20 days notice is
given, the undersigned, sGrncral Subscription
Agent will continue to supply the public.
The whole amount OF the Loan authorized is Five
Hundred Millions of Dollars. Nearly Four Hun.
dred Millions have beo0 already subscribed for and
paid into the Treasury, mostly within the lest
en- months. The large demand from abroad, and the
rapidly increasing home demand for the basis
for circulation BY National Banking Associations
now organizing IN all parts OF the country, will, in
very short lslind, absorb the balance Sales have
lately ranged from ten TO fifteen millions weekly,
heqoently exceeding three millions daily, and as it
ls well knowa that the Secretary Of the Treasury
has ample and unidIing resources in the Duties on
Imports and internal Revenues, and ia the issue of
the Interest bearing Legal Tender Treasury Notes.
1t is almost certsinty that he will not find it ne
cessary, fer long time TO come, 10 seek market
ofany other long or permanent loans THE INTER
ESf AND PRINCIPAL OF WHICH ARE PAY
ABLE IN GOLD.
Prudence and seh-interest must force the mind.
OF ihose contemplating the formation of National
Banking Associations, as well as the minds of all
who have idle money on their hands, 10 the prompt
cencluson that they should lose no time in subscr-
bing 10 This most popular Loan. 1t will soon be be-
yond their reach, and advance to handsome pfemi-
um, was the result with the ''Seven Thirty''
Loan, when it was all sold aud could no longer be
subscribed for at par.
1t is Six Per Cent. Loan, the Interest and Prn-
cipa payable in Coin. iInns yielding over Mae per
Cent per anram 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
iaIs daily, sum nearly three times greater the
that required in the payment of the Interest on all
the 5-2O's ard other permauent Loans. So that il
is hoped that the surplus Coin in the Treasury, ar
distant day, will enable the United Sltes 10 re-
sumo specie payments upon all liabilities.
The Loan is called $50 from the fact that whilst
!he Bonds may Tor 20 ye ars yet the Government
has right to pay them off in Gold at par, at any
time after years.
TnE INTEREST IS PAID sIAL'r.YEARLY, viz F.: On the
first days of November and May.
Subscribers can have Cou pon Bonds whirh are
payable to bearer, and $50, Sl00, and $1,000 or
Registered Bouds of same den ominations and in az.
dition, $4,000, and 900. Fol BANKING purposes
and for Investments Of Trust-anons the Registered
Bonds are preferable.
These 5i2O's cannot be taxed ty States cities
towns counties, and the Gov ernnent tax on them
10 only one and a-half per cent, on the amount Of
income, when the income of the holder exceeds Six
Hundred dollars per ennuua; all other investments,
such as income from Mortgages. Railroad Stock and
Bonds etc, must pay fron' three to five per cent.
lax tie income.
Banks and bankers Throughout the Couhtrv will
continue TO dispose of the Bonds and all orders by
mari, or otherwise, promptly attended to-
The Inconvenience of few days delay in the
delivery of the Bonds is unavoidable. the demand
being great; but as int rest commences from the
day Of subsc ription no 10: is occasoned, and eva
ry stor. is being made TO dlminish the delay.
JAY COOKE,
Subscription Agent
ia South ThiI Street, pbilpdelphin.
Philadelphia, Dec. 4, 1868.