The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1863-12-24
i. S -20'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 ten days notice is
given, the undersigned, as General suhscrip-
fson AGENT Will continue TO supply the public.
The whole amount of the Loan authorized is Five
Hundred Millions of Dollars. Nearly -Four Hun
dred Millions have beep already subscribed
for and 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
basis for circulation by National Banking AssoGia-
tons 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, fire.
queutly exceeding three millions daily, and as it is well
known that the Secretary Of the Treasury has ample
and uniailing resources in the Duties on Imports and
Internal Revenues, and In the issue OF the Interest
bearing Legal Tender Treasury Notes, it is almost a
certainty that he will not ind 1t necessary, for a long
timesto come, to seek . market for any other long or
permanent Loans, THE INTEREST AMI PRINCIPAL
OF WHICH ARE PAYABLEIN GOLD.
Prudence and self interest must force the minds OF
those contemplating the formation Of National Banking
Asso Citations, as well as the minds of all who have idle
money on their han Is, to the prompt conclusion that
they should lose M time IN subscribing to this most
popular Loan. 1t viii soon be beyond their each, and
advance to a handsome premium, as was the result
with the 'SeVen Thirty" Loan, when it was all sold and
could no longer be subscribed Tor at par,
1t is n Six per Cent Loan, the Interest and
and PRINCIPAL payable In Coin, thus Yield
Ing over Nine per Cent Rnnum at the present
rates of premium on coin.
The Government requires all duties on imports to be
paid in Coin these duties have for a long time past
amounted to over a Quarter ola MilIsn OF Dollars
daily, a sum nearly threetimes greater than that re-
quired ii the payment OF the interest on all the 5.20is
and other permanent Loans, So that it is hoped that
the surplus Coin in the Treasury, at no distant day,
will enable the United States 10 resume specie pay
ments upon all liabilities.
The Loan is called go trLm the fact that whilst the
Bonds may run for % years, yet the Go vernment has
a right to pay them of in Gold al par, at any time az.
ter 5 years.
The Interest ~ paid haif-yearIy, viz: on the
nrst days ofNoVember and May.
Subscriptions can have Coupon Bonds, which are pay
able to bearer, and are $50 500 $500 $1,000; or Reg
lstered Bonds ofsalne denominations, and in addition,
50 0Oo aud $40 900. For Banking purposes and for in.
vestments OF Trust-noniss the Reg stored Bonds are
preferable.
These b-2Us cannot be 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 hol er exceeds Six Hundred
dollars per annum all other Investments, such as in
come 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 con-
tinue to dispose oftbe Bonds and all orders by mail,
or otherwise promptly attended TO.
me inconvenience Of H few days delay in the deliV-
cry OF the Bonds is unavoidable, the demand being SO
great but as interest commences from the day Of sub.
no loss is occasiened, and every effort is be-
ing made TO diminish the delay,
5AZ COOKE,
Subscription Agent,
ia South Third Street, Phsladelphia.
f. 81. DUkANT,
Agent for Rerosha CJuuty. 4y27