Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1863-12-16
/. s. 5-20'S.

THE SECRETARY OF THE TREASURY has not yat
given notice of any intention 10 withdraw tins
popular Loan from Sale at Par, and until ten
days notice is given, the undersigned. as "GExEu-
AL SUBSCRIPTIONS AGENT will continue to supply
the public
The whole amount of the Liam authorized is
Five Hundred Millions of Dollars NEARLY FoUR
HUNDRED MILLIONS RAVE REES ALREADY sUBsCRI-
BED FOR AND PAID INTO TREASURY. mostly
within the last seven IN onths The large demand
from abroad, and the rapidly increasing home
demand for use as the basis for circulation by
National Banking Associations now organizing in
all parts of the country, viii, in "A very short
period. absorb the balance. Sales have lately
ranged from ten to fifteen millions weekly fire.
quently exceeding three millions daily. and As il
is well Known that the Secretary of the Treasury
has ample and unfsiliDg resources in the Dutie-
on Imports and Internal Revenues, and in the is
sue of the Interest bearing Legal Tender Trss
sury Notes it is almost certainty that he will
not find it necessary, for 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 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 twill
soon be beyond their reach, and advance to g
handsome premium, the result with the
"Seyen Thirty Loan. when il was all sold and
could no longer be subscribed for at par
1T Is SIX PER Cent LOAN, THE INTEREST AND
PRINCIPAL PAYABLE N Coin. THUS YIELDING ovEE
NTSE PER CENT PER ASSUH at the present rate Of
premium on coin.
The Government requires all duties on imports
to be paid n Coin; these duties have for long
time past amounted to over Quarter ofla Million
of Dollars daily. a nearly three times greater
than that required in the payment of the interest
on all the 3-20's and other permanen Loans "a
that 1t Is hoped that the surplus Coin in the Trea
sury, at no distant day, will enable the United
States TO resume specie payments upon all lishli-
tiles
The Loan is called go from the fact that whilst
the Bonds may run for 20 years, yet the Govern
ment has right to pay them off in Gold at par,
at any time after years
The INTEREST is PAID HALF-rEARLY, viz: 0nths
first days of November and May.
Subscribers can have Coupon Bonds which ar"
payable to bearer, and $50, Sl00, 500, ana
$1,000; or Registered Bonds of same denomina-
tions, and in addition, $1,000 and $4,000. 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 -a-half per cent on the g.
noun of income, when the income of the holder
exceeds Six Hundred dollars per annum; all othsi
Investments, such income from Mortgage
Railroad Stock and Bonds. ETC., must pay from
three to five per cent tax the income.
Banks and Bankers throughout the Country
will continue to dispose of the Bonds; ana al
orders by m all or otherwise. promptly attenaeut
The inconvenience of few days delay IL -
delivery of the Bonds is unavoidable, the deu l an
being so great but as interest commences iU
the day of subscription, loss is occasioned sn4
every effort is being made to diminish the delay
JAY COOKE. Subscription Agent:
ia South Third Street, PhiiadePo'
Phliadelphia, November 25 1865.