The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-12-18
I. ). 5-2O'S

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The Secretary Of the Treasury has not yet
given notice OF any intention withdraw this popu
ar Loan from Sale al Par, snd untH ten days notice
Il given, The undersigned, as General subserip-
ton Agent" VIII continue to supply the public.
The whole amount Of the Loan authorized q Five
Hundred Millions Of Dollars. Nearly Four Hun.
dred Millions have been already subscribed
for and paid into the Treasury, mostly within the
lastssyen months. Toe large demand from abroad
andtth rapidly increasing home demand fer use as
the basis for circulation by National Banking Associ-
stisus now organizing in al parts q the country wili
10 very short period absorb the balance Sales have
lately ranged from ten 10 fifteen millions woskIy FREE
quently exceeding millions daily and Il is vel
known that the Secretary Of the Treasury has ample
and uDfAIing in the Duties on Imports and
Internal Revenues and In the isse Of the Interest
bearing Legal Tender Treasury Notes, It Is almost
certainty that he will not find It necessary for long
tme 10 come, 70 seek market fer any other long or
permanent Loans, TIE INTEREST AMI PRINCIPAL
OF WHICH ARE PAYABLE IN GOLD.
Prudence and selrinterest must force the minds Of
those contemplating the formation Of National BANK
ing Associations we'll as the minds OF ali who have
idle money on their hands, to the prompt conclusion
that they should lose no time In subscribing 70 this
most popular Loan. 1t viii soon be beyond their
reach, and advance to handsome premium, az was
the result with the "Seyen Thirty Loan when it was
ali sold and could no longer be subscribed for par
1t il a Six per eeat. Loan, the Interest and
Principal payable in Cam, thus yielding over
Nine per Cent. per Annum, at the present rate
Of premium on coin.
The Government requires all duties on imports to
be paid in Coin these duties have for long time
past amounted to Quarter Of Million Of Dol
lars daily, nearly three times greater than that
required in the payment Of the interest On all the
2Os and other permanent Loans. 80 that Il is hoped
that the surplus Con In ths Treasury, at no distant
day, will enable the United States to specie
payments upon eli liabilities.
The Loau Is called $40 from the fact tina whilst tho
Bonds may run for 20 years. yet the Government has
Alright to pay them OF in God, al par, at any time
after years
The Interest is paid half-yearly, viz: on the
hrst days OF November and May.
Subscribers can have Coupon Ponds, which are pay
able to bearer and are $50 $780, $780, and 900 OF
Registered Bonds OF same denominations, and in dbl
tiOr, IS OcO and $40 600. For Banking purposes and
forinvOstnents Of Trust moneys the Registered Bonds
are preferable.
These SAYS cannot be taxed by States, cities
towns or counties, and the Government tax on them
"a only one and half per cent. on the amount OF in
come, when tbs income Of the holder exceeds six
Hundred Dollars per annum all ether investments,
such as income from Mortgages, Railroad Stock, and
Bonds etc. muSt pay from three to Eve per cent. tax
on the income.
Banks and Bankers throughout the country viii con
tlnue to dispose Of the Bonds and all orders by mall
or otherwise, promptly attended to.
The Inconvenience Of q few days delay In the de-
livery Of the Bonds Is unavoidable, the demand beng
great but as interest commences from the day Of
subscription, loss is occasoned, and every EFFORT
Is being made TO diminish the delay.
JAY COOKE,
SUBSCRIPTION AGENT,
If4 SOUTH THIRD STREET, PHILADELPHIA
PhIIAaelphis, November Is 1868.
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