Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1863-12-18

. S. 50 o. 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
after ten days notice has been given, the under
signed, as AGENTS FOR THE SALE OF THE
BONDS, will continue to supply the public.
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars. NEARLY
Four HUNDRED MILLIONS HAVE BEEN ALREA-
Ivy SUBSCRIBED FOR AND PAID INTO THE TREAS
URY, mostly within the last seven months. The
large demand from abroad, and the rapidly in
creasing home demand for use as the basis for
circulation by National Banking Associations,
now organizing in all parts Of the country, will,
in very short period, absorb the 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 unfaling re-
sources in the Duties and Imports and Internal
Revenues, and in the issue of the Interest Bear
ing Legal Tender Treasury Notes. it is almost a
certainty that he will not find it necessary, for
a long time to come, to seek a market for any
other long or permanent Loans, The INTEREST
AND PRINCIPAL OF WHICH ARE PAYABLE IN
GOLD.
Prudence and self-nterest 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 the prompt conclusion that they should
lose no time in subscribing to this most popular
Loan. II will soon be beyond their reach, and
advance TO handsome premium, as was the
result with the "Scven Thirty" Loan, when
was all sold and could no longer be subscribed
for at par.
ms SIX PER CENT. Loan, THE INTEREST
AND PRINCIPAL PAYABLE IN CoIN, Tnts YIELD.
ING 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 Il
long time past amounted to over
QUARTER OF a MILLION oE DOLLARS DAILY,
a sum nearly three times greater than that re-
quircd 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
no distant day will enable the United States toI
resume specie payments upon all liabilities.
Inv I4oiH - Ciltu O-=O nun inc ldCt that
while the Bonds may run for 20 years, yet the
Government has right to pay them of in Gold,
at par, 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, 500, $500,
and 81 900; or Registered Bonds of same de-
nominations and in addition, $4,000 and So
600. For Banking purposes and for investments
Of Trust monies, the Registered Bonds are
preferable.
These 5-2O's cannot be taxed by States, Cities,
Towns, or Counties, and the Government tax
on them is only one and half per cent on the
amount Of income, when the income of the hol-
der 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
income.
BANKS AND BANKERS throughout the coun-
try will continue to dispose Of the Bonds; and
all orders sent to us direct by mail or otherwise,
will be promptly attended to.
The inconvenience of a few days delay in the
delivery Of the Bonds is Mt times unavoidablc,l
the demand being SO great; but as interest COM
mences from the day OF subs crptlon, no loss is
occasioned, and every effort is beng made to
deliver the Bonds as promptly as possible.