The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-01-20
u. IS. 5.xOsS.

THE. SECRETARY OF THR TREASURY has
notiyet giyen notice.of any intention to Withdraw
this popular Loan. fremrS sls at Par. and until ten
days s p1,iSs Is ss giysn; the a sPSsssigned; as .aENER-
supply the public. s~sH~t-rr
The whole amount of the Loan authosized is Five
Hundred Millions Of Dollars. NEARLY FOUR
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 Associations now
organic ng in all parts Of the country, will in a
very short period, absorb the balance. Sales have
lately range from ten TO fifteen millions weeklysl
frequently exceeding three millions daily. and n
il is well known that the Secretary Of The rreas,rn
has ample and unfailing resources In The Dut;es on
Imports and Internal Revenues, and in the ;s.na of
The interest bearing Legal Tender Treasury Notes,
it is almost a certainty that he will not find Il neces'
sary, for a long time 20 come, to seek q market for
any other long or permanantsLoaas THE INTER-
EST AND PRINCIPAL OF WHICH ARE PAPA
BLE IN OIL.
Prudence and self interest must force the n;nas
of those contemplating the formation of National
Banking Associa ions, as well as The minds of Mi
who have idle money on their hands, TO the prompt
conclusion that they should lose no time tn sub
scribing to this most popular Loan. 1t will soon
be beyond their reach, and advance to q ,handsome
premium. as was the result with the ssSesen Thirty''
Loan. when it ives allsold and could NO longer be
IT is ASK PR n 3oaN.~-YHr M;
rEREST N PRINCIPAL PAYABLE IN COIN.
THUS YIELDING OVER NINE PER CENT. PER
ANNUM at the present rate of premium on coin.
The Government requires all duties on imports
10 be paid in Coin these duties have for a long
time past amounted to over q Quarter of a Milho1
of Dollars daily, q sum nearly three times greater
than that required In the payment of the interest
on all the 5-20's and other permanent Loans. Sc
thai it is hoped that the surplus Coin in. the Trea.
sury. at no distant day, will enable the United
States to resume specie payments upon all liabili
ties.
The Loan is callod 500 from the fact that whilst
the Bonds may run for 20 years yet the Govern
ment has a right to pay them off in Gold at par, at
any time after a year.
THE INTEREST IS PAID HALFsYEARLY.
viz: on the first day of November and May.
Subscribers can have Coupon Bonds, Which are
payable to bearer, and $50. 800, $500, and $1,000;
or Registered bonds of same denominations, and
in addition, $4,000 and $4,000, For Banking
purposes and for investments of Trust-monies the
Registered Bonds are preferable.
These 5-20s cannot be taxed by States. cities.
towns or counties, and the Government tax on
thom is only ons and a half per cent. ON the amt
of income, when the income of the holder exceeds
Six Hundred dollars per annum; all other invest
ments, such as income from Mortgages. Railroad
Stock and Bonds etc., must pay from three to five
per cent tax on the income.
= Banks and Banker throughout the Country will
ontinue to dispose of the Bonds and all orders
By malt, or otherwise promptly after led to.
The inconvenience of a few days delay in the
delivery of the Bonds is unavoidable, the demand
being so great but as interest commences from
the day-ef subscription, no loss is occasioned, and
every effort is being made to diminish the delay.
JAY COOKE,
SUBSCRIPTION AGENT,
Ia SOUTH THIRD STREET, PHILA
December 9, 1863-n27