The Alleghanian. [volume] (Ebensburg, Pa.) 1859-1865, 1863-12-10
u. s. 5-2O'S.

TNYE SECRETARY OF THE TREAS
Il URY has not yet given notice of any
intention withdraw this popular Loan from
Sale at Par, and until ten days notice is given,
the undersigned, as "GeneraI Subscription
Agent" will continue to supply the public.
The whole amount of the Lean authorized
is Five Hundred Millions of Dollars. Nearly
-Four Hundred Millions have been already sub
scribed for and paid into the Treasury, mostly
within the last seven months. The large
demand from abroad, and the rapidly increas-
ing home demand for the basis for
circulation by National Banking Associations
now organizing in all parts of the country,
will, in very shortperiod, absorb the balance.
Sales have lately ed from ten TO fifteen
millions weekly, II exc eeding three
millions daily, and hpwn that the
Secretary of the @xxGE has ample and
unfailing resources inEthe pnties OF Imports
and internal Revenues, and in the issue of
the Interest bearing Legal Tender Treasury
Notes, it is almost certainty that he will
not find it necessary, for long time to come,
to seek market for any otlier lcng or per-
manent Loans, THE INTEREST AND PRIN-
CIPAL OF WHICH ARE PAYABLE IN GOLD.
Prudence and self interest must force the
minds of those mplating the formation
Of National Banking Associations as well as
the minds Of all who have idle money on
their hands, to the prompt conclusion
that they should lose time in subscribing 2
to this most popular Loan. 1t will soon be
beyond their reach, and advance to a hand
some premium, was the result with the
sSeyen Thirty" Loan, when it was all sold
and could no longer be subscribed for at par.
1t is @ Si1 per Cent Loan, tie Interest and
PrincipoL payable in CON, thus yielding ovsr
Niae PEI. Cent. per annuxzet the present rate of
premium on coin. e@
The Government requires all duties on i'm
ports to be paid in Com; these duties have
for InaU fIena aa.t tpd fn
Quarter Of Million OF Dollars daily, sum
nearly three times greater than that required
in the payment of the interest on all the s.
20's and other permanent Loans. So that it
is hoped that the saplus Coin in the Treas
ury, at no distant day, will enable the United
States to resume specie payments upon all
liabilities.
The loan is called $50 from the fact tn at
whilst the Bonds may run for 20 years yet
the Government has right to pay them off
in Gold at par, at any time after years.
The interest is paid half-yearly, viz On
TIE first days of November and May.
Subscribers can have Coupon Bonds, which
are payable to bearer, and are $50, 500,
$500, and goo or Registered Bonds of
same denominations, and in addition, $4,000
and Sl0, 600. For Banking purposes and for
investments of .Trust-monies the Registered
Bonds are preferable.
These 5-20's cannot be taxed by States,
cities, TOWNSHIP counties, and the Government
tax on them IS only one and n half per cent,
on the amount of income, when the income
of the holder exceeds Six Hundred dollars
per a1num all other Investments, such
income 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
viii continue TO dispose of the Bonds and all
orders by mail or otherwise promptly attend
ed to.
The Inconvenience of a few days delay in
the delivery of the Bonds is unavoidable, the
demand being so great but as interest COM
mences from the day of subscription, no loss
is occasioned and every effort is being made
60 diminish the delay.
Jay Cooke,
SUBSCRIPTION AGENT,
ia S. THIRD ST, PHIL ADELPHIA.
Philadelphia, December 10, 1868.