The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-02-12
". S. ,5-2O'S.

The Secretary ortic Treasury
has not vet given notice Of any intention to
vithdraw this popular Loan from Saio at
Par, and until ten days notice is given, the
undersigned. as GENERAL %Subscrip-
;ion Agent" will continue to supply the
public.
Tho whole amount Of tho loan author
lied 10 Five Hundred Million Of Dollars.
Nearly Four Hundred Millions
have been already subscribed
for and paid into tho Treasury,
mostly within the last seven months. The
largo demand from abroad, and the rapidly
Increasing homo demand for use MS tao ba-
sis for circulation by National Banking As
sociations now organizing in all parts Of tho
country. will, in II very short period, absorb
tho balance. Sales have lately ranged from
ton to fifteen millions weekly, frequently
exceeding three millions daily, and ns it Is
well knuE tina. tho Secretary of tho Treas.
ury has ample aud uniaiiing resources in
The Duties on Imports and Internal Rovo.
uuss. aud in tho issue of the Interest bear.
ing Legal TUrdor Treasury Notes. it is al
most a certainty that no viii not find il nee.
essary, for u long limo TO come, to seek u
market for any othor long or permanent
Loans. TIE INCREASE AND PRINCI.
PAL OF WHICH ARE PAYABLE IN
GOLD.
Prudence and sclf-iutercst must force tho
| minds Of those contemplating tho formation
Of National Banking Associations, as we'll as
tho minds Of al who havo lido money on
.heir hands. % the prompt conclusion that
ttn, cb,,nl,I I1g, m, gt,,, Il, npI-.;lt.- A.
this most popular LOau. II will soon DO
beyond their reach, and advances TO n hand.
como premium. as was tho result with the
Seven Thirty" Loan. when it was all sold
aoh could no longer DO subscribed Tor ut
par.
10 is "a Six per Cent LO1n, the
Interest nnl Principal payable
ia Coin, trsiS yielding over Rinc
per Gent, peg int,esG51 at tho present
rate OF premium on coin.
Tho G)yornmcnt requires all duties on
imports 70 DO Paid in Coin lbeso duties
have for a long limo past amounted TO over
q Quarter Of a Million of Dollars, n sum
nearly ,hrco times greater than THAI re-.
quirod IN slie payment of tho interest on all
Ino SOS and 0hor permanent Looms. SO
that 1t 10 hoped that tho surplus Coin in
tho TrcnsUry, TT no distant day, will en-.
ablo tho United States to tosumo specie
Payments upon all liabilities.
Tao Loan Is called s 20 from tho'fact that
willis, tho Funds may ran for 20 years, yet
tho Government has a right to pay thom Of
il Cold NJ par, atany tino after 5 years.
Tiic iItGsest is paid hnIG-ycnr.
ly, viz on tho first days Of Noyomber aud
May.
Subscribers can havo Coupon Bonds.
which aro poyeblo TO bearer, md arc $50
$l0O $500 and $1,000; or Registered Bonds
of bamo DENOMINATIONS. and in addition
5000 md $40, 600. For Banking pur-
poses aud for Investments OF Trust.monios
tho Registered Bonds are preferable.
These s 2O's cannot TO taxed by States.
towns or counties. and the Government tax
on them is only one and II half per cent, on
tho nmount Of income, when tho income
of tho hoidor exceeds Six Hundred dollars
por aDnum: al! oihor Investments, such as
income from Mortgages, Railroad Stock
and Bombs, etc, must pay from three to
five per cont on tho income.
Banks aud Bankers throughout tho Couu.
try will continue to dispose Of tho Bonds
and oil orders by mail promptly attended
10. Is.
The incnnvenicnce Of n few days delay
in the delivery of tho Bonds is unavOihablo.
tho doniaud being SO great but as interest
from tho day of subscription,
no loss ia oecasionod. nnd every effort is be-
Ing mado to G.mipish tho delay.
JAY COOKE,
SUBSCRIPTION AGENT,
la SOUTH THIRD STREET, PHILADELPHIA.
Philadelphia, November 20, 1863.
72Gm4