Union County star and Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1859-1864, 1864-01-22
u. S. 5-2O's.
The Secretary Of the Treasury

The secretary Oh the treasury
has not yei gwen Goucc oil any intention Ia
withdraw this popular Loan from sale al par
and, until ten days notice Is gwen, the un-
dersIgned, as .General Subscription Agent
will continue to supply the public.
The whole amount of the loan authorized
is Five Hundred Millions of Dollars. Nearly
Four Hundred Millions have already been
subscribed for ami paid into the Treasury,
mostly within the last seven months The
large demand from abroad, and the rapidly
increasing home demand, for use a. the basis
for circulation by National Banking As>ocIa-
tons now organizing IN all paris OF the com
uy, will, in a very short period, absorb the
balance. Sales have lately ranged from ten
to fifteen millions weekly, frequently exceed
ing three millions daily; and as 1t is well
known that the Secretary Of the Treasury has
ample and unfaIi,ng resources, in the duties
on imports and internal revenues, and IN the
issue of the inlereslbearIDg lesa! tender
Treasury Notes, II Is almost certainty that
he will not find 1t necessary, for a Tong time
10 come, to seek a market ior any other long
or permanent Loans, the Intere,t and prncl-
pal IF which are payable IN gold.
Prudence and seiEInteTest mast force the
minds Of those contemplating the formation
of National Banking Assoc latluns, a well as
the m nds OF all who have Idle money on theIr
hands, 10 the prompt Conclusion that they
should lose no ume IA subscribing TO this
most popular Loan. II will soon be beyond
their reach, and advance 10 a ha andsome pre-
MUM, as was the result with the Seven
Thirty Loan, when IL was all sold and cUu d
no longer be subscribed for at par.
u |, is a six per cent. Loan, the interest
and principal payable ~ CON, (thu> yielding
over nine per cent. per annum al the present
rate OF premium on coin.)
The Government requires all duties on i'm
ports to be paid in cola these duties have
for long Tune past amounted TO over a
quarter OF a million OF dollars daily, a sum
nearly three times greater than that required
in the payment of the interest on all the 5-2O's
and other permanent Loans. So that il IS
hoped tina, the surplus coin 10 the Treasury.
at no distant day, will enable the United
States To resume specie payments upon all
lIaDllIlies.
The Loan is called S 20 from the fact, that,
whilst the bonds may run FOR 20 years. vet
the Government has a right TO paw them oil
IN gold, al par, at auy time after 5 years.
The Interest Is paid half-yearly, VIZ: on
the first days OF November and May.
Subscribers Can have Coupon Bonds,
WhtCn are pdNdHt 10 DtdftT. ana are sou,
500, $500, and $1,000; or Registered Bonds
OF same denominations, and IN addition,
$4,000 and $40, 600. For Banking purposes,
and for investments Of TrusI-monies, the
Registered Bonds are preferable.
These 5-20's can not be taxed by States.
cities, towns, or Counties, and the Govern
ment tax on them i only one and-a-half per
cent, on the amount Of income, when the
income OF the holder exceeds six hundred
dollars per aEnum. All other Investments
such as incomes from mortgages. railroad
stock and bonds, etc, must pay from three
to hve per cent. on the income.
Bank ani Bankers throughout me country
will continue 10 dispose OF the Bonds and
all orders by mail, or otherwise, promptly
attended to.
The Inconvenience Of few DAYS delav in
the delivery Of the Bonds, is unavoidable. The
demand beng 50 great; but. a Interest com
mence> from the day Of subscription. no loss
is occasIoned, and every effort i heing made
to diminish DELAY. JAY GOOslE.
SCBSC CRiPrlON AGENT.
II Sofuh Third Street. Philadelphia
Phiiadeiph November -, 1863.