The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-12-20
I. s. 5-2O'S


The Secretary Of the Treasury has not yet
given rotice ofany intention 10 withdraw this popa
lar Loaa from Sale at Par, AID uDtn ten days notice
"a given, the undersigned, as General subscrip-
ton Agent VIII continue to supply the public.
The Whols araoant OF the Loan auihorizsd s Pive
Hundred lzllicns Of Dollars. Nearly -Four Hun-
drea Millions havs been already subscribed
for and paid into tbs Treasury, mostly within the
laztssVen months. The large demand from abroad,
and.the raIialy Increasing home demand for use as
ths bas.s for circulation by National Banking Assoe
alters oganizngfn all parts Of the country, VIII
&c very short per.od absorb the balance Sales have
istey ranged from ten 10 fifteen millions weekly, fre
qusntiy exceeding tbrss millions daily and il is veil
known that The Secretary Of The Treasury has ample
and Enfailiag resources in the Duties on Imports and
Internal Revenues and in the Issue Of the Interest
bearing Legal Tender Treasury Notes, IL IS almos;
certainty that be will not End Il necessary for long
time to come 10 seek market for any ether long or
permanent Loans, THE INTEREST AND PRINCIPAL
OF WHICH ABEPAYABLE II GOLD.
Prudence and selfinterest must ioros the minds Of
those contemplating the formation ofNatonAl Bank
ing Associa tiOns well the minds II al who have
idle money their hands 10 the prompt oonclusion
thai they should loss time IN subscribing 10 this
most popular Loan. 1t VII soon bs beyond their
reach, and advance 10 handsome premium, as was
the result with the "ssven-Thlriy Loan when 1t was
all sold and could no longer he sEbscyibo1 for at par
It is six per cent. Loan, the Interest and
Principal payable in CsIn, thus yielding over
Nine per Cent per Annum, At tho present rate
Of premium on coin.
The Government requires ali 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 nearly three times greater than that
required IN the payment Of ths interest On all the
20's and other permanent Loans. So that it s hoped
that the surplus Gin In the Treasury, At no distant
day viii enzbls the Uuited States to specie
payments upon al liabilities.
Ts Loau Ia called $40 from the fact that whilst the
Bonds may for 20 years, yet the Government has
right to pay them or in Cod, at par, at any time
aftsr years.
The Interest is paid half-yearly, viz on the
hrst days Of November and May.
Subscribers can have Coupon Bonds, which are pay
abe TO bearer and $50, 500, $500, and 81 900
Registered Bonds Of same denominations, and in ddi
tor IS OO0 and $40 600. For Barking purposes, and
fornvestmeuts Of Trust-monsys tho Registered Bonds
are preferable.
towns or eountieP, and the Government tax on them
Is only and half per cent. the amount Of in
come, when lhs income Of the holder exceeds Six
Hundred Dollars per annum al other Investments,
such as income from Mortgages, Railroad stoct, and
Bends, etc. mast pay from three to nVe per cent tax
on the income.
Banks and Bankers throughout the country viii COZ
tDue TO dispose OF the Bonds and all orders by NAL,
OF otherwise, promptly attended to.
The inconyeniencs Of few days delay in the de-
livery Of the Bonds is unavoidable the demand being
90 great but interest commences from the day of
subscription, loss is oocasioned and every effort
IA being made to diminish the delay.
JAY COOKE,
SUBSCRIPTION AGENT,
ia SOUTH THIRD SrREEF, PHILADELPHIA.
Philadephia, November 25 1sGs.
decl0-1m-s