The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1863-12-19
1. S.I5-2O

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The Secretary Of the Treasury, has no!
vet given notice of any intention to with
draw this popular Loan from Sale at Pal
and until ten days notice is given, the uDF
slersigned, as General Subscription
Agent" will continue to supply the pull
Tic. .... '..-.... Jill. a, - 81 =
The whole amount of the loan aatho,
.zed, is Ave hundred millions of dollar
Nearly four hundred millions have beer.
.lready subscribed for and paid Into til.
Treasury, mostly within the last seven
months. The large demand from abroas
and the rapidly increasing home deman,
tor use as the basis TO- circulation by Ma
:ional Banking Assoc atoms now organ
ing IN all parts OF Lne country. win, in !.
.ery short period, absorb the, balance.
sales nave lately ranged from ten to I'll
teen millions weekly. frequently exceed
ing three millions daily. and as it is well
known that the Secretary of the Treasurr
has ample and unfailing resources In til. ,
Duties on Imports and Internal Reye
nues, and in the issue of the Interest
bearing Legal Tender Treasury Notes, it
$ almost certainty that he will not ,find
t necessary, for long time TO come. l.
eek market for any other long or per
lnanent loans, the interest and princip.
Of which are payable in gold. -, =
Prudence and self-interest must fort
the minds Of those contemplating til
'rInation Of National Banking Associ;,
ii ms, az we'll as the minds of all VII.
nave idle money on their hands, to ill.,.
prompt conclusion that they should los,
10 time in subscribing to this most popl
ar loan. 1t will soon be beyond thei:
each. and advance to handsome pre-
MUM. as was the result with the IS Sever.
Thirty loan, when it was all sold anc
could no longer be subscribed for at pal
1t is a six per cent loan, the intere.,
and principal payable in coin, thus yield
ing over nine per cent per annum at tn.
present rate of premium on coin.
The Government requires all duties or
imports to be paid In coin these duties
have for a long time past amounted tc
over a+quaFter of o million of dollar
daily, a snm nearly three times create.
than that required in the payment of tn.
interest on all the 5-20's and other per
manent loans so that it is hoped that the
surplus coin in tho Treasury, at no dis
tant day, will enable the United States t.
resume specie payments on all lisbilities
The loan is called $40 from the fac
that whilst the bonds may run for Z;
years yet the Government has right tu
pay them off in gold at par, at any tim
after years.
The interest is paid half-yearly, viz
on first days of November and Nav.
Subscribers can have Coupon Bonds
which are payable to bearer, and are ST.
500, 500, and $1,000; or Registered Bond
Of same denominations. and in addition.
$1,000 and $4,000. For Banking pur
poses and and for investments of Trust.
monies the Registered Bonds are pre-
ferable.
These 520's cannot be taxed by States.
cities, towns or counties, and the Govern
ment tax on them is only one-and-a-half
per cent. on the amount of income when
she income OF the holder exceeds six
hundred dollars per annum all other in
vcstments, such as income from mort
cages, railroad stock and bonds. etc.
must pay from three % FIVE per cent tax
m the income.
Banks and bankers throughout tn.
country will continue to dispose of thu
Bonds; and all orders by mail, or other
wise, promptly attended to. !
The Inconvenience of a few days delay
n the delivery of the Bonds is unavoid-
ably, the demand being SO great but as
interest commences from the dBy of sub
scription, no loss is occasioned, aud every
effort is being made to diminish the de-
lay. JAY COOKE.
Subscription Agent,
I Ii
Philadelphia, Nov. %, 1868. ~