Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1863-12-16
L. =. 5-2O'S.

VNIlE Secretary of ire Treasury has not vet
given notice Of any intention 10 withdfow
THE popular Loan from Sale at Par, and until 10
days notios rs given, tho undersigned as Gem
crll subscription Agent" will continue 10 sup-
Ply the public.
The whole amount Of the Loan authorized Is
Five Hundred Million Of Dollars. Nearly Four
Hundred Millions have been already subscribed
fer and paid into the Treasury, mostly within the
last seven months. The large demand from
abroad and the rapidly Increasing home domon /
for use ns the busis0fOr 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 frsm ten
to fifteen millions weekly, frequently cNccc ling
three millions daily, and II is well known that the
Secretary of tho Treasury has ample and uuGil-
ing resources in the Duties on Imports and Inter
nal Revenues, and in the issue Of the Interest
bearing Legal Tender Treasury Notcs,it is almost
n certainty that he will not find II necessary for
a long time to come, TO scrl. q 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 ms tho minds Of all
who have id! money on their hands, to the
prompt cor ciusion that they should lose no tmo
in subscribing to this most po uar Loan. 1t
will soon be beyond their reach, and advance to
% handsome premium, as was tho result with the
Seven Thirty Loan, when IL was all sold and
could no longer be subscribed for at par.
II is a Six per Cent Loan, the Interest AND
Principal payable in Coin, thus yielding over
Nine per Cent. per annum at the present ratc Of
premium on coin.
The Government requires all duties on imports
to be paid in coin these duties have for long
Il b. v.T4
OF Dollars dnily, a sum nearly three times greater
than that required in the pay ment Of the gter.
est on all tho J-20s and other permanent Loans.
So that it is hoped that the surplus Coin in rhs
Treasury, at no distant day, will onab'o the
United states TO resume specie pay yments upon all
liabilities
Tho Loan is called go from the fact that
whilst the Bonds may run for 20 years yet the
Government has right to pay them OF in Gold
Of par, at any time after years.
The Interest is paid half yearly, viz: on 6e
first days Of November and May.
Subscribers can have Coupon Bonds, which
are payable to bearer, and are $50, 500, $780,
$1,000 or Regirtcrcd Bonds Of same dcnomina
tions, and in addition, $4,000, and $4,000. For
Banking purposes and for Investments of Trus l.
monies the Registered Bonds are preferable.
These 5-20s cannot be taxed by States, cities
towns, or counties, and the Government tax on
them is only ono and half per cent, on the
amount Of Income, when the income Of the holder
exceeds Six Hundred Dollars per aunum; al
other investments, such rs income from Mort.
cages, Railroad Stock aud Bonds, etc, must pay
from three to five per cent tax on the ircomc.
Banks aud Bankers throughout the country
will continue to dispose Of the B nds; and all
orders by mail, or otherwise, promptly attended to
The Inconvenience Of few days delay in the
delivery Of the Bonds is unavoidable, the demand
being so great but as interest commences from
the day of subscription, no loss is occasoncd, and
every effort is being made to diminish tho delay
JAY COOKE,
Subscription Agent,
III South Third ST., Philadelphia.
Dec. 2, 1888.