The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1864-02-18
u. S, 5.2O'S

The Secretary of the Treasury has not We
given notice of any intention to withdraw this pop
ular Loan from Sales at Par, and until ten day.
notice is given, the undersigned. as s. General
Subscription Agent,, will continue to supply
the public 80 s..i
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars. Nearly -Four
Hundred Millions hare been a1readg Subscribed
fer and pad 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, organizing in all parts Of
the country, will. in very short period, absorb
the balances Sales have lately ranged from ten
to fifteen millions weekly, frequently exceeding
three millions daily, and 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 the Interest bearing
Legal Tender Treasury Notes, it is almost GER
tainty that he will not find it necessary for long
time to come to seek market for any other long or
permanent Loans, THE INTEREST AND PRIN-
CIPAL OF WHICH ARE PAYABLE in GOLD.
T" Prudence and self interest must force the minds
of those contemplating the formation Of National
Banking Associations, as we'll as the minds of all
who have idle money on their hands, to the prompt
conclusion that they should lose no time in SUBJ
scribng to this most popular Loan. 1t will soon
be beyond their reach, and advance to handsome
premium, as was the result with the "Seven
Thirty" Loan, when it was all sold and could no
LONGER he snhscrihed for af mar
IL as a SIR per Cent Loan, fhe Interest and Prin-
cipal Fayadls IN Coin, thus yietding orer Nine per
Cent per annum at the present rates of premium
on coin. t, rsi fs9
The Government requires all duties on imports
to be paid in Coin; these duties have for long
time past amounted to over Quarter of Million
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 it is hoped that the surplus Coin in the
Treasury, at distant day will enable the United
States to resume specie payments upon all liza
| bIlities.
The Loan is called $50 from the fact that whilst
the Bonds may run for 20 years yet the Govern
ment has rightto pay them off in Gold at par al
4
| TIE INTEREST is PAID HALF-YEARLY
viz on the first days of November and May. a'ia.
Subscribers can have Coupon Bonds which are
fpayable to bearer, and are 500, 500, $500 -an6
$1,000: or Registered Bonds of same denemina
tons, and in addition, So 900. and $40 O0e. Fol
Banking purposes and for investments Of Trust
monies the Registered Bonds are preferable.
These 5-2Os' cannot be t. xed by States, cities
towns, or counties, and the Government tax 0,
them is only one-and-a-half per cent, on TIN
| amount OF income, when the income OF the holde
exceeds Six Hundred Dollar perannam all 9th
| err investments, such as income from Mortgages
Railroad Stock and Bonds, ETC., must pay, from
three to five per cent tax on the income.
4 Banks and Bankers throughout the Country will
continue to dispose of the Bonds; and all order
by mail, or otherwise. promptly attended to. =
| The inconvenience of a few days DELAY in TIN
| delivery Of the Bonds are unavoidable, the de
mand being so great; but as interest commence
fromth day of subscription. no lossis occasioned
and every effort is being made to diminish tn
! delay. ....,.i -s..,..s. .....,. p.
1