The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1863-12-10
u. 8. 5-2O'S

The Secretary of the Treasury has not yet
given notice of any intention to withdraw this pop
ular Loan from Sales at Par, and until ten days
notice is given, the undersigned. as Sc General
Subscription Agent,'' will continne to supply
the public.
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars. Nearly -Four
Hundred Millions have been 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 Associations, organzing in all parts of
the country, will. in very short period, absorb
the balances. Sales have lately ranged from ten
to fifteen millions weekly, frequently exceeding
three millions daily, and it is well known that the
Secretary of the Treasury has ample and unfailing
resources in the Duties on imports and Internal
Revenues, and in the issue of the Interest bearing
Legal Tender Treasury Notes, it is almost GER
tainty 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 PRIN-.
CiPAL OF WHICH ARE PAYABLE in GOLD.
Prudence and self interest must force the minds
of those contemplating the formation of National
Banking Associations, well as the minds of all
who have idle money on their hands, to the prompt
conclusion that they should lose no time in sub
scribing to this most popular Loan. 1t will soon
be beyond their reach, and advance to handsome
premium, IS was the result with the Seven
Thirty Loan, when it was all sold and could no
longer be subscribed for at par
II
cpa1 Payable in Coin, tAus yielding oue, Nine per
Cent per annans ct the present rates 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 over Quarter of Million
Dollars daily, a 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 it is hoped that the surplus Coin in the
Treasury, at distant day will enable the United
States to resume specie payments upon all liza
bllities.
The Loan is called 500 from the fact that whilst
the Bonds may run for 20 years yet the Govern
ment has right to pay them off in Gold at par, at
any time after years.
THE INTEREST is PAID HALF-YEARLY,
viz on the first days of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer, and are $50, 800, $500 and
$1,000: or Registered Bonds of same denomina-
tons, and in addition, IS 900. and $40 oO0 For
Banking purposes and for investments of Trust
monies the Registered Bonds are preferable
These 5-20's cannot be taxed by States, cities,
towns, or counties, and the Government tax on
them is only one-anda-half per cent, on the
amount of income, when the income of the holder
exceeds Six Hundred Dollars per annam all 9th
err investments, such as 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 orders
by mail, or otherwise. promptly attended TO-
The inconvenience of few days delay in the
delivery of the Bonds are unavoidable, the de-
mand being so great; but as interest commences
from the day of subscription. no loss is occasioned,
and every effort is being made to diminish the
delay.