The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-12-25
4. ). 5-2O'S

The Eecretary Of the Treasury has not yet
given notice q any intention 70 withdraw this popu-
a- Loan from Sale al Par and until ten days notice
u given, The undeTssBed, a. General suhscrip-
tion Agent" wiz eoatlnue 10 ssppiy the public.
The whole amount The Loan authorizeds is Five
Hundred MILLIONS Of Dollars. Nearly -Four Huz-
dred Millions have been already subscribed
for and paid into the Treasury. mostly within the
last seven months. Tue large demand from abroad,
and, she rapidly increasing home demand for use as
the basis for circulation by National Banking Associ.
atisus now organizing In ali parts Of the country will
10 very short period absorb the balance Sales have
l1tsly ranged from ten to fifteen Millions weekly, lre-
quensIy exceeding three milions daily and a. itIswn
known that the Secretary Of The Treasury has ample
and uufaling In the Duties on Imports and
IAtsrna Revenues and in the Issue Of the Interest
bearifg Legal Tender Treasury Notes, it Is almost
certainty that he win not hnd II necefsary for long
time 10 come, TO seek market for any other long or
permanent Loans, TIE INTEREST AND PRINCIPAL
OF WHICH ABEPAYABL IL GOLD.
Prudsnee and selfinterest must force the minds Of
those contemplating the formation Of National Bank
ing AssocatSns as we'll the minds Of ali who have
idle money on their hands 10 the prompt conclusion
that they should lose time in subscribing 70 this
most popular Loan. 1t VIII soon be beyond their
reach, and advance 70 a handsome premium, as was
the result with the "ssven Thirty Loan" when It was
ell sold and could no longer he subscribed for at par.
It is Six per eeat. Loan, the Interest and
Principal payable in Cam, thus yielding over
Nine per Cent. per Annum, at the present ratio
Of premium coin.
The Government requires al duties on imports to
-. ~ a..
past amounted to over Quarter Of Million Of Dol
lars daily, asum nearly three times greater than that
required in the payment OF the interest on all the
EOS and othsr permanent LoaDs So that 1t is hoped
that the surplus Coin in the Treasury, at distant
day will enable the United States to specie
payments upon ell liabilities.
The Loau called $40 from the fact tha whilst the
Bonds may ruB for 20 years. yet the Government has
a right 70 pay thom OF in Cod, al par, At any time
afier years.
The Interest is paid half-ysarly, viz: on the
erst days Of November and May.
Subscribers can have Coupon Ponds, which are pay
able 10 bearer, and $50 $780, $780, and 81 900
Registered Bonds OF same demon nations, aud in dbl
iior IS 900 and $40 900. Fer Banking purposes and
forinTestnsnts OF the Registered Bonds
are preferable. o.
These s-2rs cannot be taxed by States, cities
towns or counties, and the Government tax on them
Is only one and half per cent. the amount Of in
como, when the income Of the holder exceeds Six
Hundred Dollars per annum all other investments,
such As income from Mortgages, Railroad Stock and
Bonds, ETC.. must pay from thrsS TO ave psr cent
on the income.
Banks and Bankers throughout the country will con
tinue 70 dispose Of the Bonds and all orders By mall
or otherwise, promptly attended to.
Theineonssnenoe of few days delay in the de-
livery of the Bonds is unavoidable, the demand being
% great but interest commences from the day Of
subscription, loss is occssiOned, and every enort
Is bong mads TO diminish the delay.
JAY COOKE,
SUBSCRIPTION AGENT,
II4 SOUTH THIRD STREET, PHILADELPHIA. f
Philadslphia, November Is ,ls63.
decIo-1m-"