The Union. [volume] (Georgetown, Del.) 1863-1866, 1863-12-25
U. 9. 5-2O'S.

The Secretary Of the Treasury has not yet given
notice of any intention to withdraw this popular
Loan from Sale az Par, and until ten days notice 10
given, the undersigned us General Subscription
Agent" will continue to supply the public.
The whole amount of the Loan authorized is Five
Hundred Millions Of Dollars Nearly -Four Hun
bred Millions have been already subscribed for aud
paid into the Treasury, mostly within the last seven
months. The large demand from abroad, and the
rapidly increasing home demand for use as the Da-
sis for circulation by National Banking Assoeia-
tions now organizing in all parts of the country,
will, in a very short period, absorb tho balances
Sales have lately ranged from ten to fifteen milions
weekly, frequently exceeding three millions daily
and as it is well known that the Secretary Of the
Treasury has ample and nnlaing resources in the
Duties on Imports and Internal Revenues, and in
the Issue of the Interest bearing Legal Tender
Treasury Notes, II is almost certainty that he will
not find it necessary. for long time to como, to
seek II market for any other long or permanent
Loans the interest and principal Of which are pay
able in GOLD.
Prudence and self interest must force the minds
of those contemplating the formation of National
Banking Association, 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 sub
scribing to this most popular Loan 1t will soon
be beyond their reach, and advance to II handsome
premium, as was the result with the Seven Thirty"
Loan, when Il was all sold and could no longer be
subscribed for at par.
IL ~ q SIX per Gent LOant tho interest anu rim
cpal payable in Coin, thus yielding over Nine per
Cent. per annum at the present rate premium ON
coin.
The Government requires all duties on imports te
BIO paid in Coin these duties have for a long time
past amounted to over Quarter Of u Million o.
Dollars daily nearly three times greater thar
that required in the payment of the interest on al
the j-20's and other permanent Loans. So that il
is hoped that the surplus Coin in the Treasury, al
no distant day, will enable the United States to
sumo specie payments upon all liabilities.
The Loan is called $40 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 after 5 years.
The Interest is paid haf-yearly, viz on the first
days of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer, and are $50, 500, $780, and
$1,000; or Registered Bonds of same denominations,
and in addition, 5000 and $4,000. For Banking
purposes and for investments Of Trust-mones the
Registered Bonds are preferable.
These 5-20s cannot be taxed by States cities,
towns or counties, and the Governmenttax on them
is only one-and-a-half per cent on the amount OF
income, when the income of the holder exceeds Six
Hundred dollars per annum all other Investments
such as income from Mortgages, Railroad Stock ant
Bonds, ETC., must pay from three to five per een
tax on the income.
Banks and Bankers throughout tho Country viii
continue to dispose of the Bonds and all orders by
mail, or otherwise promptly attended to.
| The Inconvenience of few days delay in thu
delivery of the Bonds is unavoidable, the dcmant
day of subscription loss is oecasoned and oyery
effort is being made to diminish the delay.
JAY COOKE,
SUBSCRIPTION AGEST.
III South Third Street, Philadelphia.
| December 4, lS63.-26.