The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1863-12-30
U. s. 5-2O's.
91@ZS

ytT66 81 Ita
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
Observation-Disclosures
will continue to supply the public.
ssThe whole amount of the Loan author
lied is Five Hundred Millions of Dollars
NEARLY. -FOUR HUNDRED MIL
LIONS HAVE BEEN ALREADY
SUBSCRIBED. FOR AND PAID
INTO THE TREASURY, mostly within
the last seven month The large demand
from abroad, and the rapidly increasing
home demand for use as the basis fof cir
culation by National Banking Associa-
tions now organizing in all parts of the
country, will, in a very short period, abb
sorbthe balance Sales have lately ranged
from ten to fifteen millions weekly, fre-
ouently exceeding three millions daily,
aud as it is we'll known that the Secreta-
ry of the Treasury has ampe and unfail
ing resources in tho Duties on Imports
and Internal Revenues, and in the issue
of the Interest bearing Legal Tender
Treasury Notes, it is almost certainty
that he will not find Unnecessary, for a
long time to come, to seek market for
any other long or permanent Loans, THE
INTEREST AND PRINCIPAL OF
WHICH ARE PAYABLE IN GOLD
q Prudence and self interest must force
the minds Of those contemplating the
formation of National Banking Associa
tions. as we'll 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.
It will soon be beyond their reach, and
advance TO 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.
IT Is "A SIX PER CENT LOAN,
TIE INTEREST AND PRINCIPAL
PAYABLE COIN, THUS YIELD
ING OYER NINE PR CENT. PER
ANNVM at the rate OF premium on
! coin.
(, The Government requires all duties on
. imports to be paid Coin; these duties
have for long time past amounted to
oyera Quarter Of Il Million Of Dollars
daily, sun nearly three times greater
tll.n that required in the payment oi the
! interest on allthe 5>20s aud other per
4naauent Loans Soithat il is hoped that
Z fhe surplus Coin in the Treasury, at no
distan, day, will enable the Unircd States
To resume sloeie Payments upon all la
bilities.
The loan is called 5 % from 9 Fact
that whilst the Bonds may run iur 20I
years yet the Government has right IT, |
pay them of in gold at par, at any tiuir
after 5 years.
ThE INTEREST is PAID HALF
YEARLY, viz: OH the first days OF Not. |
ember and May.
Suhscriberr have Coupon Bonds, which
are payable tn bearer. AID are sou Sl00
$50 and $1,000: ef Registered Bonds oil
same denominations, and in addition,
S5UU0 and $4,000 For Banking ptr
yoses aud for Investments Of Trust
the registered bouds are preferable.
These 5 20's caunot be taxed by States.
cities, towns or counties, and the Govern
aleat tax on them 10 only one aud a-hait,
per cont on the amount Of income, when
the income Of tho hulder exceeds six Hun.
pdred doalars per annuu; all otlM,, invest
mcniE, such as income from MuFtgrXes,
lsailroad Stock aud Bonds. etc, must pay
from three to FIVE per ceut tax on the III
come.
Banks and Bankers throughout the
Country will continue TO dispose of the
Bonds; and all orders By mail, or other
wise promptly attended to.
rs The Inconvenience Ola few days delay
in the delivery of the Banks is unsvoida-
bio, the demand being so great; but as in
terest commences from the dav of SUB
soription, no loss is occasioned. and every
effori is made to diminish the delay,
tvl.ss - JAY COOKE,
Iasss aFr Subscription Agent
il 4souTn TurRD STREET, PHILADELPHIA.