Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1863-12-09
L. 5. 5-2O'S.

Ty'HE Secretary Of the Treasury has not yct
i given notice of GuT intention 10 withdraw
this popular Loan from Ssle at Par, and uGtil 10
days notes is given, the undcrSiEued. As Gen
eral Subscription Agent" will continue 70 sup.
ply the pubic.
The whole amount Of ;he loan authorized is
Five Hundred Million Of Dollzrs Nearly -Four
Hundred Millions have been already subscribed
fer aud paid into the Treasury, mostly within the
last seven nontss. The largo demand from
abroad and tho rapidly Increasing home demand
ior u.o Gs the basis for circulation by National
Banking A-fgciatious nov ursanizir}. in AL parts
g., the country, will in = very short period, absorb
Che balance. Sales hsyc lately ranged frsm ten
20 fifteen millions weekly, fro squcutly exceeding
three millions daily, and ii is well known that the
Secretary Of the Treasury hos ample and uRfail.
ing resources in the Duties on Imports and Inter
nal EcvCuucE, ana in the issue Of the interest
bcnrns Legal Icuscr Treasury Notes,it is almost
certainty TINT he will not find IL necessary, for
long time TO come, to seek market for any
other long or permanent loans, tho interest and
principal Of which are payable in gold
Prudence and self interest must force the minds
Of those contemplating the formation oG National
Banking Associations, as well rs the minds Of all
who have idle money on their hands, TO the
prompt conclusion that they thoud lore no timo
in subscribing to this most po. ular Loan. 1t
o handsome premium, as was tho result with tho
Seven Thirty Loan, when It was all sold and
could no longer be subscribed for at par.
Il is Six per Cent Loan, the Interest aEd
Principal payable in Coin, thus yielding over
Nine per Cent. per annum at the present rate Of
premium on coin.
The Govonmcn. requires all duties on imports
20 be paid in coin these duties have for long
time past amounted to over 8 Quarter Of Million
9-TTa -l,-l
than that required in the payment of tho inter
est on all tho 5.9O's and othor permanent Loans
So that it is hoped thnt the surplus Coin in this
Treasury, at 20 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 yet tho
Government has right to pay them of in Gold
at par, at any time after years.
The Interest is paid half-yearly, viz o. the
first days Of November and May.
Subscribers can hayo Coupon Bonds, which
are payable to bearer, and are $50, 500, $500,
$1,000 or Regiatered Bonds Of same dcnomina-
tions, and in addition, 5000, aud $4,000 For
Banking purposes aad for investments 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 ono and-a-half per cent, on the
amount Of income, when tho income Of the holder
exceeds Six Hundred Dollars per annum; ali
other investments, such IS income from Mort
cages, Railroad Stock and Bonds, etc., must pay
from three to FIVE per cent tax on the income.
Banks and Bankers throughout tho country
will continue to dispose Of the Bonds; and all
orders by mail, or otherwise, promptly attended to.
The Inconvenience Of few days delay in the
delivery Of the Bonds is unavoidable, the demand
being so great but as interest commences from
the day Of subscription no loss is occssioned, and
every effort is being made to diminish the delay.
JAY COOKE,
Subscription Agent
Ia South Tsud ST., Philsdslpbis:
Dec, g. lso.