Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-01-07
u. s. 5-2O's.

THE Secretary of the Treasury has not vet
i given notice Of any intention to withdraw
this popular Loan from Sale at Par, and until
ten days notice is given, the undersigned, as
GENERAL SUBSCRIPTION AGENT" will co1itfn-
ne to supply the public.
The whole amount of the Loan authorized
is Five Hundred Millions of Dollars. -Nlarly
Fo"v' Hsndred -Ii7ions hare been GlrcaIy s,lj-
scribed for and paid into tie Treasurp, mostly
within the last seven months The large de-
mans. from abroad, and the rapidly increas-
ing home demand for use as the basis for cir
culation by National Banking Associations
now organizing IN all parts Of the country,
will, in very short period, absorb the bal
ance. Sales have lately ranged from ten to
fifteen millions weekly, frequently exceeding
three millions daily, and as it is well known
that the Secretary of the Treasury has ample
and unfaillng resources in the Duties on I'M
ports and Internal Revenues, and in the is
sue of the Interest bearing Legal Tender
Notes, it is almost certainty that he viii
not find it necessary, for long time to come,
to seek market for any other long or per
manent Loans, THE INTEREST ANp PRINCIPAL
OF WHICH ARE PAYABLE IN GOLD.
Prudence and SelI-interest must force the
minds Of those contemplating the formation
OF National Banking Associations, as we'll as
he minds Of al 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 bqyond
their reach, and advance to handsome pre-
miam, as was the result with the ''Seven
Thirty Loan, when it was all sold and could
no longer be subscribed for at par
II is q Sic per C5at. Loa3e the Interest anH
PrutcipM payable IL Coin, ties yicILug ere,
Nine per Cent. per an2a,sm at the present rate
of premium OH coin.
The Government requires all duties on i'm
ports to be paid in Coin; these duties have
for long time past amounted 10 over Quar-
ter of Il Million of Dollars daily, a sum near
ly three times greater than that required in
the payment Of the interest On all the 5-2O's
and other permanent Loans. SO that it is
hoped that the surplus Coin in the Treasury.
at 10 distant day, will enable the United
States to resume specie payments upon all
liabilities
The Loan is called 5-2O from the fact that
whilst the Bonds may run for 30 years, vet
the Government has right to pay them off
IN Gold at par, at any time after wears.
1iE INTEREST Is PAID HALr-YEARLY, viz: on
the first days of November and Nav.
Subscribers can have Coupon Bonds, which
"iS pay oolO W bCdIcE, anu are S1b, S*IO1.
$500, and $1,000; or Registered Bonds of
same denominations, and in addition, So 900
and $4,000. For Banking purposes and for
investments Of Trust-monies, the Registered
Bonds are preferable
These 5-20's 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 other investments, such as
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 Coun-
try will continue to dispose Of the Bonds
and all orders by mail, or otherwise, prompt
ly attended to.
The Inconvenience of few DAYS DELAY in
the delivery of the Bonds is unavoidable, the
demand being so great; but as interest COM
mences from the day CT subscription, no loss
is occasioned, and every effort is being made
to diminish the delay.
JAY COOKE,
Subscription Agent,
ia South Third Street. PHILADELPHIA.
Philadelphia, November 25, 1868. 5lm2