The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1863-12-17
S -20'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 ten days notice is
given, the undersigned, as General Subscrfp-
ton AGENT" will continue to supply the public.
The whole amount of the Loan authorized is Five
Hundred Millions of Dollars. Nearly Four Hum
dreti Millions have been already subscribed
for and paid into tae Treasury, mostly within
the last seven months. The large demand from abroad,
and the rapidly increasing home demand for use as the
basis for circulation by National Banking Associa-
tions now organizing in all parts of the country, will,
in a very short period, absorb the balance. Sales have
lately ranged from ten to fifteen millions weekly, fre-
quently exceeding three millions daily, and as it is well
known that the Secretary of the Treasury has ample
and unfailing resources in the Duties on Imports and
Internal Revenues, and in the issue Of the Interest
bearing Legal Tender Treasury Notes, it is almost a
certainty that he will not find it necessary, for a long
timesto come, to seek a market for any other long or
permanent Loans, THE INTEREST AND PRINCIPAL
OF WHICH Z GOLD.
Prudence and self interest must force the minds of
those contemplating the formation of National Banking
Asso Citations, as well as the minds of all who have idle
money on their hands, to the prompt conclusion that
they should lose no time IN subscribing to this most
popular Loan. 1t will soon be beyond their reach, and
advance to a handsome premium, as was the result
with the "Seven Thirty, Loan, when it was all sold and
could no longer be subscribed for at par.
1t is n SIX per Cent Loan, the Interest ard
and Principal payable in Coin, thus yield
Ing over Nine per Cent annum at the present
rates of premium on coin.
The GoYernmentrequires all duties on imports to be
paid in Coin these duties have for a long time past
amounted to over a Quarter ola hIillIen of Dollars
daily, a sum nearly threetimes greater than that re-
QulFeO Ia Tie payment u IL lELSl Ou all the C-EUS
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 pay.
ments upon ali liabilities.
The Loan is called $50 from the fact that whilst the
Bonds may run for 20 years, yet the Government has
a right to pay them of in Gold at par, at any time af-
ter s years.
The interest Is paid half-yearIy, viz: on the
first days ofNovember and May.
Subscriptions can have Coupon Bonds, which are pay
able to bear er, and are $50 800 $500 $1,000; or Reg
istsred Bonds ofsame denominations, and in addition,
IS 600 aud $40 600. For Banking purposes and for in
vestments OF Trust-monies the Registered Bonds are
preferable.
These 5-2O's cannot be taxed by States, cities, towns
or counties, and the Government tax on them is only
oOe and a-hali per cent, on the amount of Income,
when the income fthe holder exceeds Six Hundred
dollars per aanum all other investments, such as in
come from Mortgages, Railroad Stock and Bonds, etc,
must pay from three to five per cent tax on the income.
Banks and Bankers throughout the country will con-
tinue to dispose ofthe Bonds; and all orders by mail,
or otherwise promptly attended 20.
The Inconvenience Of a few days delay in the deliv-
cry OF the Bonds is unavoidable, the demand being so
great; but as interest commences from the day OF sub
%scription, no loss is occasioned, and every effort is be-
ing made TO diminish the delay.
JAY COOKE,
Subscription Agent,
ia South Third Street, Philadelphia.
f. q. DCRANT,
Agent for Kenosha County. 4H27