Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1864-01-23
BUSINESS NOTICES,
U.s.. 5-2O7S

The SECRETARY or THE TeEAsURY las not
yet given notice OF any intention TO Withdraw
this popular Loan from Sale at Par. and un-
til ten lays notice is given. the Hndersgned
as :" General Subscription Agent, VIII con-
tinue TO supply the pubic.
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars. y eaily
Four Hundred Millions have been already
subscribed for and Iaid into the Treasury,
mostly within The last Sven months. The
large deHs nd from abroad, and the rapidly
increasing home demand for use a. the basis
for circulation bv National Banking AssoJia :
tons now organizing in all parts cf the conn
try, will, in a very sh"rt period. Absorb, the
baIanc, Sales have lately ranged from ten
TO fifteen millions weekly, frcqu, nily exceed
ing three millions daily, and as il is we'll
known that the Secretary of the Treasury
has ample and unfIiling n sources in The Dts-
ties on Imports and internal Revenues. and
in the issue Of The Interest he ring Legal Ten
der Treasury Notes. it is almost certainty
that he will not find il necessary. FOR long
time to come. 10 seek n market for any other
long or permanent Loans. the interest and
principal of which aie payable in Gold.
Prudence and self interest must force the
minds of those contemplating the formaiisn
of National Banking Associations, as well ~
the minds Of all who have idle money on
their hands, 10 tho prompt conclusion that
rev should lose no time in subscribing To
this most popular Loan. II will soon be he
vond their reach, and advance To a handsome
premium, as " Is the resalt with the Seven
Thirty" Loan, whci. il was all sold and Could
NO longer he subscribed for at par.
1t is a six Ier Cent. Loan. the Interest and
Principal pay able ia Coin, TINS yielding over
\ inc per Cent. per annum at the present rate
Of premium on coin.
The Government requires all duties on I'm
ports to e paid in Coin tho &c duties have
for long time Fast amounted ts over Quar-
ter of 2 Million nf Dollars daily, 4 sum nearly
three times greater than that required in the
payment of the interest on all the 5 o0s and
other permanent Loans So that it is hoped
that The surplus Coin in the Treasury, at no
distant dav. will enable the United States To
resume specie pay nieitts upon al liabilities.
The Loan il called $40 from the fact that
whilst the Bonds may run for 20 years. yet
the Government has right 10 pay them off
in Gold at par. at any time after 5 years.
The Interest is paid half-yearly, viz : on
the first day of November and May.
Subscribers can have Coupon Bonds, which
are payable TO bearer, and are $50, 800.
$500 and $1,000; or Registered B''ntis Of
same denomonatio'.s and III addition. 5000
and $40 .0G0. For Banking purposes and for
Investments of Trust mouies tie Registered
Bonds are preferable.
These 5-20s cannot he taxed by States. CT
ties. towns. or counties. ard the Government
tax on them is only one and half per cent.
on the amount of income. when the income OF
the holder exceeds Six Hundred do.lirs per
annan all other investments. such a. income
from Mortgages. Railroad Stock and Bonds.
etc. must pay from three to five per cent. tax
on the inc me.
Banks and Bankers throughout the country
will continue tn dispose of the Bonds and
all orders by mail, or otherwise promptly at
tended to.
The Inconvenience of a few days delay in
the delivery of the Bonds is unavoidable, the
demand being so g:ert but interest COM
mences from the day OF subscription. no loss
is occasioned. aid every effort is being made
to diminish the delay.
JAY Cooks. Subscription Agent.
la South Third ST.. Philadelphia.
Philadelphia. November 25. 1868. 1913
Mr. Wax SrEENwYK. President of the Bata-
Wan Bank, La Crosse. is agent for this part Of
the STATE. at whose Bank Bonds NAV be or
dered or had at all times.