The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1863-12-11
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The Necretnry ofthe Treasury has not re

The Secretary Ofthe Treasury has not vet
alvcn notice of any intention 10 withdraw This
popular Loan from Sale Al Par. an1 until after
'cn days notice has hecn given. the unGersiEn ed.
aS AGENTS for the Sale of the 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 already
subscribed for and paid into the Trea>u-
~. mostly within the last seven months The
large demand from abroad. and the rapidly in
creaSlng hons demand for use as the basis for
circulation by National Banking Associations.
now organizing in ali parts Of the country. will,
in a very short period, absorb the balance Sales
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 unfailng resources in
the Duties and Imports and Internal Revenues.
and in The issue of the Interest Bearing Legal
Tender Treasury Notes. it is almos, certain. "
that he will MT ind ii necessary for long time
to come. 10 seek market for anv 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 IS the mind, of all
VINO have idle MONEY III their hands. 20 the
prompt conclusion that they should lose no time
III subscribing 10 this most popular Loan. Ii Will
soon be beyond their reach. and advance to a
handsome premium. as was the result with the
Seven Thirty Loan, when it was all sold al d
could no longer be subscribed for at par
it's SIX per Cent Loan, the Interest and
rrincipal payable in Com. thus Welding over
Nine per Cent. per annum at the present rate OF
premium coin.
Inc Government requires all duties on Imports
to be paid IN Coin; these duties have for a long
tine past amounted TO overa
Quarter of IL Million of Dollars daily,
sum nearly three times greater than that rcauir-
ed IN the payment OF the interest on all the 52O's
and other permanent Loans. So that il is hopcd
that The surplus Coin in the Treasury. at 10 dis
'ant day, VII! enable the United States 10 resume
specie payments upon all liabilities.
The Loan is called $40 from the fact that while
the Bonds may run for 20 years. yet the Govern
ment has a right to pay them off in Gold. at par
At any time after years
The Interest is paid haIi-yearly, viz on
the first days OF Nov. and Nav.
Subscribers can have Coupon Bonds which are
payable TO bearer, and are $50, Sle0. 400. -.
900 or Registered Bonds of same denominations
and in addi, on, 5000 and $4,000. For Bank
ing purposes and for investments of Trust-monies
the Registered Bonds are preferable.
These 5-2O's cannot be taxed BY States. Cites
lO"Hs, VI Souhtie>. anu Lac government Tax on
them is only one and a half per cent on the a
mount ofincome, when the income of the holder
exceeds Six Hundred Dollars per annum; all
other investments, such as income from Mort
cages, Raiiroad Stock and Bonds, etc, must pay
from rhree to five per cent tax on the income.
Banks and Bankers throughout the country 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 great; but as interest commen-
ceS from the day of subscription, no loss is oeca
stoned, and every effort is being made to deliver
the Bonds as promptly as possible.