East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1863-12-16
]. 5. 5-2OS.

The Secretary Of theTreasury has not
yet given notice Of any intention to withdraw
this popular Loan from the Sale at Par, and un-
til ten days notice is given, the undersigned. as,
"General Subscription Agent" will con-
tinue to supply the public.
The whole amount Of the Loan authorized Is
Five Hundred Millions ofdollars. Nearly Four
Hundred Millions have deem already sub
scribed for and paid into the Treasury,
mostly within the last seven months. The large
demand from abroad, and the rapidly increasing
home demand for use as the basis for circulation
by National Banking Associations now organiz-
ing in all 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
1t well known that the Secretary of the Treasury
has ample and unfailing resources in the Duties
on Imports and Internal revenues, and in the is
sue of the Interest bearing Legal Tender Trensu.
ny Notes, 1t is almost certainty that he will not
find II 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 selfinterest must force the minds
of those contemplating the formation Of National
Banking Associations, as well rs the minds Of all
who have idle money in their hands, TO tho
prompt conclusion that they should lose no time
in subscribing to this most popular Loan. 1t
will soon be beyond their rench, and advance TO
handsome premium as was the result with the
Seven Thirty" Loan. when Il was all sold and
could no longer be subscribed for at par.
III isa Six per Cent Loan, the Interest
and Principle payable I'm Coin, thus
yielding over Nine per Cent per nnnum
at the present rate Of premium on coin.
Tbs Government requires all duties on i'm
ports to be paid in Coin; thss, duties have {,
long time past amounted to over Quarter Of n
Million Of Dollars daily, sum nearly three times
greater than that required in the payment of the
Interest ON all the 5-20's and other permanent
Lonns. So that II is hoped that the surplus Coin
in the Treasury, ut no distant day, will enable the
United States to resume specie payments upon
all liabilities.
The Loan is called $40 from tho fact that
whilst the Bonds may run for 20 years, yet the
Government has right to pay them of in Gold
at par, at any time after years
The Interest IL paid haif-yeariy, viz on
the first days Of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer, and are $50, 500, $500
and Slt00; or Registered Eonds Of same denom-
onations and in addition, $1,000 and $1,000
For Banking purposes and for investment of
Trust-monies, the Registered Bonds are Irefera-
bic.
These 5-2Os 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
amount Of income, when the income Of the holder
exceeds Six Hundred dollars per annum; all 9TH
CT investments, such as income from Mort cages,
Railroad Stock and Bonds, etc. must pay from
three to FIVE per cent tax on the income.
Banks and Bankers throughout tho Country
will continue TO dispose Of the Bonds and all or
ders by mail, or otherwise promptly attended to
Tho Inconvenience Of few days delay in the
delivery of tho Bonds is unavoidable, the demand
being so great but interest commences from
the day of subscription no loss is oecasionod, and
every effort il being made to diminish the delay
JAY COOKE,
SUBSCRIPTION AGENT,
ia SOUTH THIRD ST, PHILADELPHIA.
Philadelphia, November %, 1868.