Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1863-12-09
/ S. 5-2GS-

TIE SECRETARY OF THE Treasury has lot 90:
given notice of any intention to Withdraw tbs
popular Lean from Sale at Par. and until tr4
days notice is given, the undersi gned. ~liENEr.
Al. SUBSCEirTieS AGENT will continue 10 supply
the public.
The whole amount Of the Loan authorized i
Five Hundred Millions of Dollars NEARLY F)l.
HUNDRED millions HAVE BEEN ALREADY sUEScH'
BED FOR AND PAID INTO Treasury. mostly
within the last seven months. The large demaIt
from abroad aud the rapidly increasing houe
demand for use as the basis for circulation b.
National Banking Associations organizing n
all parts of the country, viii, in very shof.
period absorb the balance. Sales have LATELY
ranged from ten to fifteen millions weekly, ifr-
quently exceeding three millions daily. ana as /.
Is well known that the Secretary Of the TreaSuIy
has ample and unfailng resources in the Duts
on Imports and Internal iteyenues- and in the is
of the Interest bearing Legal Tender IRE.
sury Notes ii is almost certainty that be viii
not find it necessary. for II long time 10 come. 10
seek Il market for any other long permanent
Loans THE INTEREST AND PRINCIPAL OF wHIrH All
PAYABLE N GOLD.
Prudence and self interest must force the minds
of those contemplating the formation Of Naii0aa
Banking Associations. we'll : the minds Of all
who have idle money on their hands 10 t1e
prompt conclusion that they should lose no tae
in subscribing to this most popular Loan VII
soon be beyond their reach, AID advance ioi
handsome premium, was the result with 'hs
"Seyen Thirty Loan when ii was all sold an
could no longer be Su bscri he'd for AT par.
IT Is SIX PER CENT LOAN. THE lSrEKEsr A''
PRINCIPAL PAYABLE IN COIN. THUS WELDING o'AE
NiNE PER GENE pen ANNpM at the present rate "
premium on coin.
The Government requires all duties on impoTs
to be paid n Coin these duties have for loIs
time past amounted to Quarterot MiI'!"L
of Dollars daily. sum nearly three times geA''.
than that required in the payment Of the ln'sie''
on all the 5-2O's and other permanent Loana -
that il l. hoped thar the surplus Coin IN the Iis
sury, al no distant day. will enable the tntI tnn
States 10 resume specie payments upon All 'iA''
tiles. ~
The Loan is called go from the fact that "hl''
the Bonds may for 20 years. yet The Cover
ment has right TO pay them of III dold - F"'
at any time after years, -,
The INTEREST Is PAID HALF -YEaELf, VIZ Oh ~
first days of November and May. ,-.
Subscribers can have Coupon Bonds shlcH shra "a
payable TO bearer, and are $50 500, eIoo' -.
$1,000; or Registered Bonds of same denoniTFS- r..
tions, and in addition $4,000. and oiO.Voo,
Banking purposes and for investments oi i'"
monies the Registered Bonds preferaoie, .;,
These j-20's cannot be taxed by states el''S
towns or counties. and the GOyernmeh' -
them is only one-and-a-haif per cent on rI@,
noun of income when the income oi ihe n,bsr
exceeds Six Hundred dollars per annum anu,n 'or..
investments. such as income from .hof's-
Railroad Stock and Bonds. etc, must pay ~
three to five per cent tax on the income .,,
Banks and Bankers throughout the "a al
Will continue to dispose al the Bonds' 5oJto
orders by mail or otherwise promptly atleHi - the
The Inconvenience of a few days de,'3a del:3afnapi
delivery of the Bonds is unavoidable the Ie f-on
being so great but as interest commence and
the day of stbse ription no loss is occasiouegI
every effort is being made to diminish , Ine
JAY COOKE, Subscription assI.
ia South Third Street, Philadr'lN-
Philadelphia, November p, 1903