Smyrna times., 1863-04-16
Office Of jar Cooke. Subscription Agent J
at Office Of JAY COOKE & Co.,
BdmkerS, lii s. Third 81.
Pm mn mn. Mnrnh % lGG2
iILADELrHIA, March 90, 1863.

PHILADELPHIA, March %, 1863.
Dear Sir:
YoSE letter of the Goth inst, is received and I
Will chcerfuly give you the information desired by
answering your questions in due order.
LIST. These Bonds are called " Five Twenties" be.
cause, while they are fUeHty year Bonds, they may
be rcd semed BY the Government in GOLD at any
time after fire years Many people suppose that
the Interest Is only $40 per cent. This is mis-.
| taGs tney ply Six per cent. Interest.
-. L'gll Tender Notes checks upon Phila-
dlp"il or New York that will bring Legal Tenders
"a. what the Secretary allows me TO receive No,
I"u"i your nearest Bank will give you a check or
Legal Tenders for your country funds.
50. The Bonds are sold at PAR, the Interest to
c'mInrn.e the day you pay the money.
4th. have made arrangements with your near.
est Bank Banker, who will generally hage the
bo' DIS GA Land. Ii R"t. you send the money to
me by express, and will send back the Bonds free
OF cost.
9Th. The Bonds pay SIX per cent. Interest in
GOLD, three per cent every six months ON the first
day of May and November at the Mint in Philadel-
pnia, or at any Sub.Ireasury in New York or else.
where. If you have Coupon Bonds, all you have to
d" Is to cut the proper Coupon of each six months
and collect yourself give it to Bank for colec.
ton. Ifyou have Registered Bonds, you can give
your Bank power OF attorney to collect the intes-
est for you.
9th The duties on imports of all articles from,
al: Dad must be paid in GOLD, and this is the way
Srcrct.ry Cnast ge's his gold. 1t is now being paid
INTO the Treasury at the rate of Two Hundred Thou.
sand Dollars each day, which is twice as much "a
ne needs t. pay the Interest in Gold.
th Congress has provided that the Bonds shall
be PAID IN q Id when due
Sh Iou can have either Coupon Bonds payable
to the Bearer, OF Registered Bends payable to your
order.
9th. The former are in sos, zoos, lO0O's,-the
latter in same amounts, also S5000's and $4,000.
lOtn No! You wiz not have TO pay any taxes
on these Bonds il your income from them does not
exceed $500; and on all above 5000 you will oply
have 10 pay onehalf as much income Tax as if your
money was invested in Mortgages and other Secari-
ties l consider the Government BoEds first Of
aH-al other Bonds taxed One-qWGrter per eeut.
to pay the interest on the Government Bonds, and
the Supreme Court OF the Unit, States has decided
that no State, City or County tax Government
Bonds
llth. The present bonded debt Of the United
States is less than THREE HUNDRED Millions, in.
Guiding the ard thFee.tenths Treasury Notes;
bui the Government owes enough more in the shape
OF legal Tenders, Deposits in the Sub Treasures,
Certificates of Indebtedness, &c. TO increase the
debt to ABOUT eight or niRe hundred millions. Sec-
rotary Chase has calculated that the debt may reach
on, thousand seven hundr, million if the Rebeli~n
Lasts eighteen months longer. 1t is, however, be-
lIevcd that it will not last six months longer; but
If does National Debt will be small COM
pared with that of Great Britain or France, whilst
our resources vastly greater.
18TH. Ii have no doubt that the FeveRue will not
only be ample TO pay the ordinary expenses OF the
& vernment and ali interest the debt, but leave
at Last one hundred millions annually towards pay
ing II the dvbt, and that the Government will be
able 10 get out ui debt again it has twice before
in {: " years after the close the
! nope that all who haze idle money will at once
pa. chls, these FIVE. Twenty Year Bonds. The right
l.. al 10 ..,eIl ..1-w H..
FIRST day OF July, 1863 per the following author.
ized notice
SPECIAL NOTICE
On and after JULY lst 1863. the privilege ofcOn-
veriing the present issue of LEGAL TENDER
NOTES INTO THE NATIONAL SIX PER
CENT. LOAN Commonly called Five Twenties'O
well cease
All who wish to invest in the Five Twenty Loan
must therefore. apply before the LIST of JULY next.
JAY COOKE,
SUBSCRIPTION AGENT,
ap9Sm No. la S. THIRD ST, Phadelphis.
Those wko neglect these Six per c;nt. Bonds. the
Interest and Principal of which they will get in
GOLD, may have occasion TO regret it am, very
truly, your Friend.
SUs scRIPrIoS AGxKr, --
At Once ofJAY COOKE & CO.,
Ma ia S THIRD 81. PHILADELPHIA
The Banks and Bankers Of your and seiOiniR
Cou ties will keep a supply Of the Bonds u 1aas
you prefer TO 20 there and get them