The Buchanan County guardian. (Independence, Buchanan County, Iowa) 1858-1864, 1863-12-29
u. S. 5-2o's.

The Secretary Of the Treasury has nots.yet
given notice OF any intention to withdraw this
popular Loan for Sale at Par, and until ten
days notice is given, the undersigned, as
" General Subscription Agent" win continue
to supply the public.
The whole amount of the Loan authorized
is Five Hundred Millions of Dollars Nearly
Four Hundred Millions have been already sub.
scribed for and paid into the Treasury, most
~ within the last seven months. The large
demand from abroad, and the rapidly nereas 8
ing home demand for use as the basis for cir.
eulation by National Banking Associations
now organizingin all parts of the country,
will, in very short period, absorb the balance.
Sales have lately ranged from ten to fifteen
millions weekly, frequently exceeding three
millions daily, and as it is we'll 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 almosta certainty that he will find it nee
essary, for long time to come. to seek q mar.
ket for any other long or permanent Loans, the
Interest and principal of which are payable in
GoLD.
Prudence and self interest m EST force the
minds of those contemplating the formation of
National Banking Associations, as we'll ns the
minds of oil who have idle money on their
hands, to the prompt conclusion that they
should lose no time in subscribing to this mos
popular Loan. twill soon be beyond their
reach, and advance to handsome premium
ns was the result with the I" Seven Thirty
Loan, when it was all sold and could no long
or be subscribed for at par
Itisa Sixper Cdnt Loan the Interest and
Principal payable in Coin, thus yielding over
Nine per Cent. per annumlat the present rate
Of premium on coin. r.
The Government requires all duties on i'm
ports to be paid in Coin; these duties have for
long time past amounted TO over Quarter
of q MHl;onof Dollars daily, q sum nearly three
time greater than than required in the pay
ment oftheintercst on ali the 5.20's and other
permane ut Loans. So that it is hoped that
the surplus Coin in the Treasury, at no dis
tant day, will enable the United States to re
sumo specie payments upon all liabilities.
The Loan is called 52J from the fact that
whilst the Bonds may run 20 years, yet the
Government has right to pay them off in Gold
at par. at any time after years. 80 s,lss
The interests 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 81 900 or Registered Bonds of same de-
nominations. and in addition, SIS 900 and no..
ooo. For Banking purposes and for invest
ments Of Trnstnonies the Registered Bonds
are preferable
These 5-2o's crnnot be taxed by States, CT
ties, towns or counties, and the Government
TAX on them is only s per cent, on the amount
of income, when the income of the holder ex.
ceeds Six Hundred dollars per annum all 9TH
or investments, such as income from Mortea.
ges, Railroad Stock and Bonds, etc, must pay
from three to FIVE per cent tax ON the income
Banks and Bankers throughout the Country
will continue TO dispose of Bonds and all or
ders by mail, or otherwise, promptly attended
to. - "A
The Inconvenience ola few days delay in
the delivery of the Bonds is unavoidable, the
demand being great but as interest com
mences from the day of subscription, loss is
occasioned, and every effort is being made to
diminish the delay. s.
Bonds furnished Mt par for n. Y. Exchange
or Treasury notes BY Dubuque Branch State
Bank of Iowa.
Dec. ID, 1863. I35-3w