Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1863-12-19
BUSINESS NOTICES.
u. -. 5-2O7S

The SECRETARY or THE TREassRE has not
vet given notice of any intention 10 Withdraw
this popular Loan from Sale at Par. and um-
til ten days notice is given. the nndersi gned
as General Subscription Agent wih con-
tinue to supply the public.
The whole amount of the Loan authorlzedls
Five Hundred Millions of Dollars. Nearly
Four Hundred Millions kave been already
subscribed for and paid into the IrFasury'
mostly within the last seven months ne
large demand from abroad, and the rapidly
increasing home demand for use a. the basis
for circulation by National Banking AssoJla a
tions now organizing in all parts eff the eoun-
try, will, in very short period, absorb the
balance; Sales have lately ranged from ten
TO fifteen millions weekly, frequ, ntly exceed.
ing three millions daily, and as il is well
known that the Secretary of the Treasury
has ample and unfailing resources IN the Du-
ties on Imports and Internal Revenues and
in the issue of the Interest be ring Legal Ten
der Treasury Notes. it is almost a certainty
that he will not find if necessary, for long
time to come. 10 seek market for any other
long or permanent Loans. the interest and
principal of which are payable in Gold.
Prudence and self interest must force the
minds of those contemplating the formation
of National Banking Associations, as well as
the minds of all who have idle money on
their hands, to tho prompt conclusion that
tEey should lose time in subscribing To
this most popular Loan. 1t will soon be be-
yond their reach, and advsnce to a handsome
premium, as was the result with the Seven
Thirty Loan. when it was all sold and could
no longer be subscribed for at par.
1t is six per Cent. Loan. the Interest and
Principal 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 I'm
! ports TO be paid in Coin these duties have
for long time past amounted 10 overa QUAY
/ ter of = Million of Dollars daily, a sum nearly
| three times greater than that required in the
| payment of the interest on all the 2Os and
| other permanent Loans. So that it is hoped
that the surplus Coin in the Treasury, at no
| distant dav, will enable the United States To
resume specie payments upon all Liabilities
The Loan is called $40 from the fact that
whilst the Bonds may run for 20 years, yet
the Government has a right to pay them off
in Gold at par, at any time after 5 years.
The Interest is paid half-yearly, viz on
the first day of November and May.
Subscribers can have Coupon Bonds which
are payable to bearer, and are $50. 300.
$500 and $1,000; or Registered Bonds of
same denomonatioas. and IN addition, S5OOn
and $4,000. For Banking purposes and for
investments of Trust-monies the Registered
Bonds are preferable.
These 5-a9's cannot be taxed BY States. CT
ties 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 other investments. such as income
from Mortgages. Railroad Stock and Bonds.
etc. must pay from three to five per cent. tax
on the incomc.
Banks and Bankers throughout the country
will continue TO dispose of the Bonds and
all orders by mail, or otherwise promptly at
tended TO.
The inconvenience of few DAYS delay in
the delivery of the Bonds is unavoidable. the
demand being so greet but as interest CONT
mences from the day of subscription, no loss
| is occasioned. and every effort is being made
to diminish the delay.
JAY COOKE, Subscription Agent,
Ia South Third ST., Philadelphia.
Philadelphia. November %. 1868. 1913
Mr.. VAN STEExwYK, President of the Rata-
| Wan Bank, La Crosse. Is agent for this part of
the State. at whose Bank Bonds may be or
dered or had at all times.