Civilian & telegraph. [volume] (Cumberland, Md.) 1859-1875, 1863-05-07
HLigtellQneans.
The Best Way to Put Money out
at Interest.


The following information we insert in
our columns for the benefit of our read
crs:
From the Philadelphia Ledger March 81.
One of the most surprising things in
the recent conversion of grcenback notes
into the popular Five-Twenty' six per
cent, Government loan at par, is the
universally of the oal'. We happened
in, yes terday, at the Office Of Jay Cooke,
who is the agent for the sale of these
loans. and the conversion of the green
backs. and 70 md his table literally COW
cred with orders apd accompanying drafts
for almost all amounts, from 1--we thous-
and to hundred tho ,nsand dollars each
and from all parts of Sic Union The
little States of Delaware ind New Jer-
sey are free takers; as are also Penn
splvania, New York and the New hng-
land States But the West is most es-
pecially an active taker, as well throo.''h
her banks as by individuals. The
amount of orders lying before us, all re-
ceived during the day amounted to over
fifteen huudreI thousand dollars. With
this spontaneous proffer Of money, Sec
rotary Chase must feel himself en-
tirely at ease, and will take care
to put himself beyond those money
sharpors, whose chief st"dy is how to
profit themselves most from the troubles
cf the country and the necessities of the
treasury. There are millions of dollars
lying idle all over the country, and while
the uncertainty existed as to what Con-
gress would do, and the bullion brokers
were successful in running up gold to
the discredit os the Go"ernment i sues,
this capital was olutched close. But as
the policy and measures of the Secretary
of the Treasury gradually developed,
confidence in the Government and in the
future is strengthened, and holders are
now anxious to make their long unem-
ployed means productive-hence the
ready and liberal investment in the Five
Twenty loans at par. Almost every
town and village throughout the coun-
try has individual holders OF money, to
larger amounts probably than ever be-
fore at one time, for which satisfactory
takers cannot be found. Many of those
are now investors in these loans, and the
number of such is likely TO increase. un-
til the demand shall put all the Govern
ment loans ou par with, at least, the
loans of tho various incorporated COM
panies. The country banks are also
free takers for themselves and their GUS
toners. On the 1st of July this Five
Twenty Year loans will, under the law,
be withdrawn.
-, Berks, Co. Pa, March 90, '63.
JAY COOKE, Esq,
U. s. Loan Agent,
ia South Third St., Phila.
DEAR SIR:
l see by our papers that you are SELL
ing for the Government a new Loan
called Give Twenties. ] expect to
have shortly q few thousand dollars to
spare, and as l have made up my mind
Leat the Government Loans are safe and
good, and that it is my duty and inter-
est, at this time, to put my money into +
them in preference over any other loans
Or stocks l write to get information of
you as follows:
1st. Why are they called Five Twen-
lies ?
2nd.- Do you Ike country money, or
only Legal Tender Notes, or will a check
IN Philadelphia, or New York, answer
'or Subscriptions ?
Sd. Do yon sell the Bonds at Par?
4th. AS | cannot come to Philadel- |
3hia, how am to get the Bonds d?
5th. What Interest do they pay. and
how and when and where is it paid, and |
is it paid in Gold or Loyal Tenders !