Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1863-12-11
T. S. 500 S

THE SECRETARY OF THE Treasury has not
yet given notice Of any intention TO withdraw
this popular Loan from Sale at Par, and unit
after ten days notice has been given, the under
signed, as AGENTS TOR THE SALE or TIN
BoNDs, will continue to supply the public.
The whole amount Of the Loan authorized i,
Five Hundred Millions OF Dollars. NEARLY
FouR HUNDRED MILLIONS HAVE BEEN ALREA-
nY SUBSCRIBED FOR AND PAID INTO THE TREAS
URY, mostly within the last months. Tic
large demand from abroad, and the rapidly III
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. Sale,
have lately ranged from ten to fifteen millions
weekly, frequently exceeding three millions
daily, and as il is well known that the Secretary
of the Treasury has ample and unfailing 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 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 the prompt conclusion that they should
lose no time in subscribing TO this most popular
Loan. 1t will soon be beyond their reach and
advance to handsome premium, as was the
IL, IN. -.
was all sold and could no longer be subscribed
for at par.
1t Is A SIX PER CENT. LOAN, THE INTEREST
AND PRINCIPAL PAYABLE IN Com, THUS 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 a
long time past amounted to over
QUARTER OF A MILLION oE DOLLARS DAILY,
a sum nearly three times greater than that re-
quired 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 to
resume specie payments upon all liabilities.
The Loan is called 500 from the fact that
while the Bonds may run for 20 years, yet the
Government has right to pay them off 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 $1,000; or Registered Bonds of same de-
nominations, and in addition, $4,000 and So
900. 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 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 few days delay in the
delivery of the Bonds is at times unavoidable,
the demand being so great; but as interest COM
mences from the day of subscription no loss is /
occasioned, and every effort is beng made to
deliver the Bonds as promptly as possible.