The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1863-12-10
j. s. zoos

The Secretary ORthe Treasury has not yet
given notice Of any intention to withdraw this popular
Loan from Sale at Par, and dntil ten days notice Ia
given, the undersigned, as "GenerRl SubsCrip-
tiOn Agent will continue to supply the public.
The whole amount Of the Loan authorized is Five
Hundred Millions OF Dollars. Nearly Four Hun
dred Millions have been already subscribed
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 Associa-
tons now organizing in all parts of the country, will,
in = very short period, absorb the balance. Sales have
lately ranged from ton to fifteen millions weekly, fire.
quently exceeding three millions daily, and as it is well
known that the Secretary of the Treasury has ample
and unfailing resources in the Duties on Imports and
Internal Revenues, and in the issue of tho Interest
bearing Legal Tender Treasury Notes, it is almost y
certainty that be will not hud 1t necessary, for = long
timesto come, to seek a market for any other long or
permanent Loans, THE INTEREST AND PRINCIPAL
OF WHICH AYABL IN GOLD.
Prudence and self interest must force the minds of
those contemplating the formation of National Banking
Also Citations, as well as the minds of all who have idle
money on their hands, to the prompt conclusion that
they should lose no time in subscribing to this most
popular Loan. 1t will soon be beyond their roach, and
advance to a handsome premium, as was tho result
with the "Seven Thirty" Loan, when it was Al sold and
could no longer be subscribed tor at par.
1t is n SIX per Cent Loan, the Interest and
and Principal payable In Coin, thus yield
Ing over Nine per Cent annum at the present
rates OF premium on coin.
The Government requires all duties on imports TO be
paid in Coin these duties have for a long time past
amounted to over a Quarter ola Million Of Dollars
daily, a sum nearly threetimes greater than that 70.
quired ia the payment Of the interest on all the b.aO's
and other permanent Loans, So that it is hoped that
the surplus Coin in the Treasury, at no distant day,
will enable the United States to resume specie pay.
ments upon ali liabilities.
The Loan is called 500 from the fact that whilst the
Bonds may run for 20 years, yet the Go vernment has
q right to pay them of in Gold at par, at any time af-
ter & years.
The Interest Is paid haIf-yearIy, viz: on the
first days OF November and May.
subscriptions can have Coupon Bonds, which are pay
able TO bearer, and are $50 500 $500 $1,000; or Beg.
istered Bonds ofsame denominations, Rnd In addition,
So 600 aud $40 900. For Banking purpo1cs and for in
Vsstments OF Trust-moniss the Registered Bonds are
preferable.
These 5-20s cannot be taxed by States, ciies, towns
or counties, and the Government tax on them Is only
one and a-hsli per cent, on the amount of income,
when the income of the holder exceeds Six Hundred
dollars per annum all other Investments, such as in
come from Mortgages, Railroad Stock and Bonds, ETC.,
must pay from three to five per cent tax on the income.
Banks and Bankers throughout the country will con-
tinue to dispose ofthe Bonds and all orders by mail,
or otherwise promptly attended TO-
The inconvenience Of = few days delay in the deliV-
cry of the Bonds Is Unavoidable, the demand being 30
great but as interest commences from the day Of sub.
%scription, no loss iS occasioned, and evsry effort 10 be-
ing made TO diminish the delay.
JAW COOKE,
Subscription Agent,
ia South Third Street, Phsladelphia.
H. q. DURANT,
Agent for KenOshA County. 4W27