Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1863-12-24
QJ. 8. eos

TsNHE Secretary Of the Treasury has not vet
L given notice Of any intention to withdraw
this popular Loan from Sale at Par, and until
ten days notice is given, the undersigned, as
''GENEpAL SUBscWpTl0E AGENT" viii contin-
ue to supply the public
The whole amount Of the Loan authorized
| is Five Hundred Millions Of Dollars. Nearly
! F3uY N4,u{re3 f[Hjjons hasc been aE,-eal2g snG-
| scrUcE for and pail into tie 75easu,,p, mostly
within the last seven months. The large de-
mans! from abroad, and the rapidly incrcas-
| ing home demand for use as the basis for cir
cu}ation by National Banking Associations
now organizing in all parts Of the country
| will, in a very short period, absorb the bal
ance. Sales have lately ranged from ten to
fifteen millions weekly, frequently exceeding
three millions daily, aud as it i; We'll known
that the Secretary Of the Treasury has ample
and unf4iiing resources in the Duties on In
| ports and internal Revenues and in the is
sue of the Interest bearing Legal Tender
| Notes, it is almost q certainty that lie viii
not find it necessary, for long time to come,
to seek market for any other long or per-
| manent Loans, THE INTEREST AMP PRINCIPAL
OF WHICH ARE PAYABLE IN GOLD.
Prudence and se!f-intere5t mast force the
minds Of those contemplating the formation
Of National Banking Associations, as we'll as
| JhEIf
| hands, to the prompt conclusion that they
! should lose no time in subscribing to this
most popular Loan. It will soon be bsyoud
their reach, and advance to handsome pre-
MUM, as was the result with the ''Secen
Thirty" Loan, when it was all sold and could
no longer be subscribed for at par.
II is SGr per C5j3t Loan, TIE Interest ond
Principal payojlc IN Coin, hus yitl>}n7 sre1'
| Nine l,er Cent per a19tltja at the present rate
Of premium Oh coin.
| The Government requires all duties on NJ
ports TO be paid in Coin; these duties have
for long time past amounted 10 over Quar-
ter Of a, Million Of Dollars daily, sum near
! II three times greater than that required in
the payment Of the interest on all the 5-20's
and other permanent Loans. So that it is
hoped that the surplus Coin in the Treasury,
at no distant day, will enable the United
States to resume specie payments upon all
liabilities.
The Loan is called $50 from the fact that
whilst the Bonds may run for 20 years, vet
the Government has a right to pay them of
| in Gold at par, at any time after , Years
| IHE INTEREST IS PAID HALF-YEARLY, viz: on
the first days Of November and May.
| Subscribers can have Coupon Bonds, which
are payable TO bearer, and are $50, 800.
! $500, and $1,000; or Registered Bonds of
same denominations, and IL addition, =, 900
and $4,000. For Banking purposes and for
investments OF Trust-monies, the Registered
! Bends are preferable
| These 5-2O's cannot be taxed by States,
cities, towns or counties, and the Government
tax on them is only one-and a-half per cent.
on the amount Of income, when the income
Of the holder exceeds Six Hundred dollars
per annum; all other investments, such as
income from Mortgages Railroad Stock and
BoRds, etc, must pay from three to five per
cent. tax on the income.
Banks and Bankers throughout the Coun-
try will continue TO dispose Of the Bonds ;
and all orders by mail, or otherwise, prompt
" attended to.
The Inconvenience Of few davs' DELAY in
the delivery of the Bonds Is unavoidable, the
demand being so great; but as interest com
nenceg from tae day Of subscription, 40 loss
is oeeas;oped, and every effort IS being made
te diminish the delay.
JAY COOKE.
Subscription Agent,
la South Third Street, Philadelphia.
Philadelphia, November 23, 1853. 5lm2