The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1863-12-04
U. .. 2O's.

The Secretary of the Treasury has not yet given
notice OF any intention to Withdraw this popular
Loan from Sale at Par, and until 20 days notice is
given, the undersigned, as eGeneral Subscription
Agent will continue to supply the public.
Ths whole amount of the Loan authorized is Five
Hundred Millions of Dollars. Nearly Four Hum
dred Millions have been already subscribed for and
paid into the Treasury mostly within the last sew
en- months. The large demand from abroad, and the
rapidly increasing home demand for use as the basis
for circulation by National Banking Associations
now organizing in all parts of the country, will, in
a very short PERIOD absorb the balance. Sales have
lately ranged from ten to fifteen millions weekly
frequently exceeding three millions daily, and as il
Is well known that the Secretary of the Treasury
has ample and unfailing resources in the Duties an
imports and Internal Revenues, and in the issue of
the Interest hearDg Legal Tender Treasury Notes.
1t IS almost certainty that he will not find it ne
cessary, for long time to come, to seek market
torany other long or permanent loans, THE INTER-
EST AND PRINCIPAL OF WHICH ARE PAY
ABLE IN GOLD.
Prudence and sef-nterest must force the minds
of those contemplating the formation # National
Banking Associations, well as the minds of al,
who have idle money on their hands, to the prompt
conclusion that they should lose no time in subscr-
bng TO this most popular Loan. 1t will soon be be-
yond their reach, and advance to handsome premi-
um, as was the result with the sSeven Thirtv,,
Loan, when it was all sold and could no longer be
subscribed for at par.
1t is Ski per Cent. Loan, the Interest end Prin
cipa payable in Coin, thus yielding over Nine per
Cent. per annum at the present rate of premium ON
coin.
The Government requires all duties on innports TO
be paid in Coin these duties have for long time
past amounted to over Quarter of Million of Doll
lars daily, sum nearly three times greater than
that required IN the payment of the interest on all
the 5-20's ard other permanent Loans. So that il
is hoped that the surplus Coin in the Treasury, ar
no distant day, will enable the United States to re-
sumo specie payments upon all liabilities.
The Loan is called $50 from the fact that wbils.
the Bonds may run for 90 years vet the Government
has right TO pay them off in Gold at par az anv
time after years.
TnE INTEREST IS PAID HALF YEARLY viz on the
first days Of November and Nav.
Subscribers have Coupon Bonds, which a re
payable to bearer, and $780, SlOo, and $1,000 or
Registered Bonds of same det ominations nd in adj
dition, SJ,000 and Sic, 600. Fol Banking PURPOSES
and for investments of Trust-moncs the Registered
Bonds are preferable.
These 5-20's cannot be taxed ty States, cities.
towns counties, and the Government tax on ther1
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 and
Bonds, etc., must pay from three to five per cent.
tax on tie income.
Banks and Bankers throughout the Country will
continue to dispose of the Bonds and all orders by
mail, or otherwise, promptly attended to.
The Inconvenience of few days. delay in the
delivery of the Bonds is unavoidable, the demand
being so great; but as interest commences from the
day of subsc ption, loss is occasioned and eve
ry effort is being made 70 diminish the DELAY.
JAY COOKE,
Subscription Agent,
ia South Third Street, Philadelphia.
Philadelphia, Dec. 4, 1863.