Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1863-12-02
Dec. ?, 1866.
-. Z. |. = S. 5-2O'S.

rVNIE Secretary Of the Treasury has not yet
riyen notice Of any intention to withdraw
his popular Loan from Sale at Par, and until 10
,lnys uotics is given, the undersigned, as Gen
ersl Subscription Agent" will continue to cup
ply the public.
The whole amount Of the Loan authorized is
Five Hundred Million Of Dollars Nenrl7 -Four
Hundred Millions have been already snbscr ioed
for and paid into the Treasury, mostly within the
last seven months. The large demand from
abroad and tho 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 n very short period abs orb
the balance. Sales hnye lately ranged frsm ten
to fifteen millions weekly, frequently eKcco ling
three millions daily, and it is well known that tho
Secretary Of the Treasury has ample and unial-
ing resources in the Duties on Imports and Inter
nal Revenues, and in the issue Of the Interest
bearing Legal Tender Treasury NO1es,it is almost
n certainty that he will not find it necessary for
a long time to come, to seek market for any
other long or permanent loans, tho interest and
principal Of which arc payable in gold.
Prudence and self interest must force the minds
Of those contemplating the formation of National
Banking Associations, rs well as the minds ct all
who have idle money on their hands, to the
prompt conclusion that they should lose no timc
in subscribing to this most POI ular Loan. 1t
will soon be beyond their reach, and advance tc
q handsome premium, as was the result with the
Seven Thirty Loan, when it was all sold and
could no longer be subscribe ed for at par.
It is Six per Cent Loan, the Interest ah'
Princ pal payable in Coin, thus yielding oyel
Nine per Cent per snnum at the present rate o.
premium on coin.
The Government requires all duties on imports
10 be paid in coin these duties have for Ions
time past amounted TO over Quarter OF Mlllloi
of Dollars daily, sum nearly three times greate
than that required in the payment Of the inter
est on all the S.20's and other permanent Loans
So that II is hoped that the surplus Coin in tn
Treasury, at no distant day VIII enaoie IN
limited States to resume specie payments upon o.
liabilities
Tho Loan is called $40 from the fact tha
whilst the Bonds may run for 20 years yet tn
} Government s right to pay them on III uoi
rar, vt au, .le after years
1he interest /, raid half.yearly, viz on th
Gr.t DAYS of November and May.
Subscribyrs can have Coupon Bonds, whic
are payable to bearer and are $50, Sl0O, SoO'
$1,000 or Registered Bonds of same denomina
tions, and in addition, 5000, and $4,000. fo
Banking purposes and for investments Of Tus
monies the Registered Bonds are preferable.
These 5-2os cannot be taxed by States, citie
towns, counties, and the Government tax o
them Is only one and half per cent, on th
amount Of income, when the income Of the holdC
exceeds Six Hundred Dollars per annum; a
other investments, such as income from Mort
cages, Railroad Stock aud Bonds, etc., must pa
10 from three to Eve per cent tax on the income.
Banks and Bankers throughout the countr
es will continue to dispose Of the Bonds and a
/, orders by mall or otherwise, promptly attended
IS The Inconvenience Of few days delay in Il
In delivery Of the Bonds is unavoidable, the demar
i. being 30 great but as interest commences fro
= the day Of subscription no loss is occasoned, al
70 every effort is being made to diminish the della
)r JAY COOKE,
e, Subscription Agent
Is III South Third ST., Philadelphia:
o. Dec, ., 1888,