East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1863-12-23
]. :. 5-2O'S.

The sacret airy Of theTreasury has not
yet given notice Of any intention TO withdraw
this popular Loan from the Sale at Par, and un-
til ten days notice is given, the undersigned, as,
. General Subscription Agent,- will con-
tinue to supply the public.
The whole amount of the Loan authorized is
Five Hundred Millions ofdollars Nearly Four
Hundred Millions have deem already sub
scribed for and paid into the Treasury,
mostly within the last seven months. The large
demand from abroad, and tho rapidly increasing
home demand for use as the basis for circulation
by National Banking Associations now organic
ing in all parts Of the country, will, in very
short period, absorb tho balance. Sales have
lately ranged from ten to fifteen millions weekly,
frequently exceeding three millions daily, and as
it is well known that the Secretary Of the Treasury
has ample and unfailng resources in the Duties
on Imports and Internal revenues, and in the is
sue of the Interest bearing Legal Tender Treasu.
ny Notes it is almost n certainty that he will not
find it necessary, for long time to come to seek
market for any other long or permanent Loans,
THE INTEREST AND PRINCIPAL OF
WHICH ARE PAYABLE IN GOLD.
Prudence and selfinterest must force the minds
of those contemplating the formation Of National
Banking Associations, as we'll as the minds of all
who have idle money in their hands, to the
prompt conclusion that they should lose no time
in subscribing to this most popular Loan. 1t
will soon be beyond their REACH and advance to
a handsome premium, was the result with the
Seven Thirty" Loan, when it was all sold and
could no longer be subscribed for at par.
1t isa Six per Cent Loan, the Interest
and Principle payable i'm Coin, thus
yielding over Nine per Cent per annum
at the present rate of premium on coin.
Ths Government requires all duties on i'm
ports to be paid in Coin; thess duties have for
long time past amounted to over Quarter of a
Million of Dollars daily, sum nearly three times
greater than that required in the payment of the
Interest on all the 5-20's and other permanent
Loans. So that il is hoped that tho surplus Coin
in the Treasury, at distant day, will enable the
United States to resume specie payments upon
all liabilities.
The Loan is called $50 from the fact that
whilst the Bonds may run for 20 years yet the
Government has right to pay them of in Gold
at par, at any time after years
The Interest is paid half-yeariy, viz on
the first days of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer, and are $50, $l00, $500
and $1,000; or Registered Bonds Of same denom-
onations, and in addition, $4,000 and $4,000
For Banking purposes and for investment Of
Trust monics the Registered Bonds are prefcra-
bio
These 5-20's cannot DO taxed by States, cities,
towns or counties, and the Government tax 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 9TH
or investments such income from Mortgages,
Railroad Stock and Bonds, etc, must pay from
three to five per cent tax on the income.
Banks and Bankers throughout the Country
will continue to dispose of the Bonds; and all or
ders by mall or otherwise promptly attended to
The inconvenience Of few days delay in the
delivery of tho Bonds is unavoidable, the demand
being so great but as interest commences from
the day of subscription, loss is occasioncd and
evory effort is being made to diminish the delay
JAY COOKE,
SUBSCRIPTION AGENT,
II4SoUTH THIRD ST, PHILADELPHIA.
Philadelphia, November %, 1863