The Union. [volume] (Georgetown, Del.) 1863-1866, 1864-01-15
y. 9. 5-2O'S.

The Secretary of the Treasury has not yet given
notice of any intention to withdraw this popular
Loan from Sale az Par, ana until ten days notice
given, the undersigned, as General Subscription
Agent" will continue to supply the public.
The whole amount Of the Loan authorized Is ENe
Hundred Millions of Dollars. Nearly Four Hun
bred Millions have been already subscribed Tor ana
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 pa
sis for circulation by National Banking Asscoia-
tions now organizing in all parts Of the country,
will in a very short period, absorb the Distances
Sales have lately ranged from ten to fifteen milisns
weekly, frequently exceeding three miihons oany'
aud as it is well known that the Secretary OF the
Treasury has ample and nnfailing resources In the
Duties on Imports and Internal Revenues, and IN
the issue of the Interest bearing Legal Tender
Treasury Notes, it is almost certainty that he VIII
not find it necessary, for long time to come, TO
seek market fer any other long or permanent
Loans the interest and principal Of which are pay
able in GOLD.
Prudence and self interest must force the minds
of those contemplating the formation OF National
Banking Association, as well as the minds OF all
who have idle money their hands, to the prompt.
conclusion that they should lose no time in 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 3" Seven Thirty
Loan, when it was all sold and could no-lenger be
subscribed for at par.
1t is Six per Cent Loan, the Interest and Prn-
cipal payable in Coin, thus yielding over Nine per
Cent. per annum at the present rate 81 premium on
| coin.
The Government requires all duties on imports to
be paid in Coin these duties have for long time
past Amounted 20 teNerteE Of q haaAA1oa. "a
Dollars daily, nearly three times greater thsn
that required in the payment Of the interest on al
the 5-20's and other permanent Loans. 80 that II
is hoped that the surplus Coin in the Treasury, at
no distant day. will enable the United States to re-
sumo specie payments upon all liabilities.
The Loan is called 500 from the fact that 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 the hIs'
days of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer, and are $50, 500, $500, and
$1,000; or Registered Bonds Of same denominations
and in addition, S., 900 and $4,000. For Banking
purposes and for investments of Trust-moniss Tho
Registered Bonds are preferable. =.
These 5-20's cannot be taxed by States, cities
towns or counties, and the Governmenttax on them
is only one-and-a-half per cent, on the amount
income when the income of the holder exceeds 81
, Hundred dollars per annum all other investments
such as income from Mortgages, Railroad STOCK an
Bends, etc., must pay from three to hVe per cen
tax on the income.
E Banks and Bankers throughout the Country wi
continue to dispose of the Bonds; and all orders
d mail or otherwise promptly attended to.
The Inconvenience Of few days delay in tn
delivery of the Bonds is unavoidable, the deman
being so great; but as interest commences from tn
day of subscription loss is occasioned and ever
! effort is being made to diminish the delay
JAY COOKE,
SUBSCRIPTION AGENT.
I ia South Third Street. Philadelphia.
o December 4, 1S63-26.