Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1863-12-11
U. S. 5-2OS.
THE RFORETARY OF M


THE SECRETARY OF THE
TREASURY has net yet given noties Of any in
tsntion 10 Withdraw this popular Losn from 'ale at
par, and until ten days notice s Rivep, the under
sigaed, IS General 16sscriphon Agent" viii con-
The whole smoun' OF the Loan authorized Is Five
Hundred MilliOpB Of Dolhr Nearly -FOUR HundTed
Millions have been already subscribed For and paid
into the Treasury, mostly within ths last seven
m 'nths. The large demand from abroad and the
rapidly iBcraasing home demand for use as the bazh
for circulation BY National nsnking Associations
nov organizing IN all parts Of the country, will, in
yefy short period, absorb the balance Sales hHye
lately ranged from ten TO fifteen linna weekly ire
qurnlly exceeding three millions daily, and t In
we'll known that the Secretary OF tho Treasury has
ample and anfailing resources IN the Duties OF I'm
rorts AMI Internal Revenue and in the issue Of the
Interest bearing Legsl fender Treasury Notes 1t is
almost certainty that he Will not ind Unnecessary,
for 8 long time tO.come, to seek market for any
| other lopg OF permanent Loans, tho interest," and
| Principal Of which are payable IN GOLD
Prudsnes and self interest must forte the minds Of
those contemplating the formation OF national Bank
ing Associations IS well as the minds Of all who have
Idle money on their hsnd5, 70 the prompt conciuion
| most popular Loan 1t will soon be bsyOnd their
reach, ana advance to handtome premium. as was
eli sold and could no longer be subscribed for al
1 par.
| PRIsOIP.L PAYABLE IN (OIN, THUS YfELDIHg OyER
| NINE PKR Gent PsB AENUH at the present rate VI
Tbe GoysTsm requires eli duties on imports tc
be pAid in Coin these duties have for long time pss
amounted to over Quartsr Of Million Of Dollari
daily sum nearly three times Rreafer than that
qufred IN the payment Of the Interest on all tbe52
aud other permanent Loans. So that II 10 hoped thai
the surplus Coin IN the Treasury, 10 distant day
will enable the United States resume specis pay
| rpanfH 1pou si liabiIfties
The LSsn Is called % from the fact that willis
the Bonds may Iun for 20 yeGrs, yet the Government
has rightt0 pay them on In q sd at par, st any tm
after I've years. ...--
! on the first days Of November and May.
| Subscribers can have Coupon Bonds, which ar
payable to bearer, 6nd $50, 800 $500 and $1,000
| or Registered B0ndi Of same denomtna IONS and IL
| addition, 5000 and $4,000. For Banking purpose
aud for Investments Of Trust monies the Eegisteet
| Bonds are preferred
| These 5-S's cannot be taxed BY States, CT les
| Towns or Countless and he Government tax on then
is only one and a-haf per cent on the amount fin
/ come when the incume OF the holder exceeds Sil
Hundred Dollars Per annum; all other investments
| such as income from Mortgages, kallrozd stock an
Bonds etc. must pay from three to nve per cent. Ia
on the income.
Bsnks aud Bankers throughout ths Country vii
continus to dispose Of the Bonds and ali ordered
nail, or otherwise, promptly attended TO-.
. The iDcOnTenisnce Of q lew days delay in the de
LIVERY Of the BondB is unavoidable, the demand be
Ing 50 great; but interest Commences from the
OF subscription, no loss Is OccasOned and every
! fort is being made TO diminish the delay.
Jay COOKE.
Subscription gent,
ia South 3d-St, Fhilsdelphia-
Philadelphia, Nov. IS. lh53. dtc4-.29