The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-01-08
THE JEFFERsoNIAN DEMOCRAT.
II. s. ,j-2O'S.

~ ~ IN ~
The Secretary Of the Treasury
has not yet given notice of any intention to
withdraw this popular Loan from Sale at
Par, ard until ton days notice is given, the
undersigned, as "Generni Subscrip-
ton Agent" will continue to supply tho
public.
Tho whole amount of the Loan author
lied is Five Hundred Million of Dollars.
Nearly Four Hundred Millions
have been already 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 uso as tlie ba.
sis for circulation by National Banking As.
sociations now organizing in all parts of the
country, will, in a very short period, absorb
the balance. 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 Treas-
ury has ample and unfaiiing resources in
tho Duties on Imports and Internal Rove.
nues. and in tho issue of the Interest bear.
ing Legal Tender Treasury Notes. it is al.
most a certainty that no will not find it nee.
essary, for a long tino to como, to seek a
market for any otbor long or permanent
Loans. THE INCREASE AND PRINCI.
PAL OF WHICH ARE PAYABLE IN
GOLD.
Prudence and self. interest must force the
minds OF those contemplating the formation
of National Banking Associations. as vol as
the minds OF all who have lido money on
their hands, to tho prompt conclusion that
they should lose no timo in subscribing to
this most popular Loan. IL will soon DO
beyond their reach, and advances to q hand.
some premium. as was the result with the
Seven Thirty" Loan, when it was all sold
aud could no longer DO subscribed for at
par.
II is ~ Six per Cent Loan. the
Interest and Principal payable
in Coin, thus yielding over Nine
per Cent, per an uln at the present
ratio OF premium on coin.
The Government requires all duties on
imports to be paid in Coin ; these duties
have for a long time past amounted TO over
a Quarter of a Million of Dollars. a sum
noarly three times greater than that no.
qnired in the payment of tho interest on all
tho 8 pos and other permanent Loans. So
that it is hoped that tho surplus Coin in
the Treasury, at no distant day, will on.
able the United States to resume specie
payments upon all liabilities.
Toe Loan is called s 20 from the'fact that
whilst the Fuhds may run for 20 wears, vet
the Government has n right to pay them off
IN G. I'D at par. at any time after 5 wears
The interest is paid %haIE-year
fy, VIZ on tho first days Of November aud
May.
Subscribers can havo Coupon Bonds,
which ara payable TO bearer, and are $50
$l00, $500 and $1,000; or Registered Bonds
of same denominations. and in addition
Y 5000 and $4,000. For Banking pur-
poses and for Investments OF Trust-mOnies
tho Registered Bonds are preferable.
These 8 20's cannot DO taxed by States.
towns or counties, and tho Government tax
on them is only ono and "a half pcr cont, on
tho amount of income. whom tho incomel
OF the holder exceeds Six Hundred dollars
per mum al! other investments, such as
income from Mortgages. Railroad Stock
and Bonds, etc must pay from three to
five per cent on tho income.
Banks and Bankers throughout tho Coun.
try will continue to dispose of tho Bonds
all orders by mail promptly attended
to.
Tho Inconvenience of q few DAYS DELAY
in the delivery of tho Bonds ia unavoidable,
tho demand being so great but as interest
cemmonces from tho day of subscription,
no loss Is occasioned. and every effort is bo.
ing made to diminish the DELAY.
JAY COOKE.
SUBSCRIPTION AGENT,
ia SOUTH THIRD STREET. PHILADELPHIA.
Philadelphia, November 25, 1868.
72Gw4