The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-01-27
u. 8. 5-2O'S.

THE SECRETARY uF THE TREASURY has
not yet given notice of any intention to Withdraw
this popular Loan from Sale at Par and until ten
days notice is given, the undersigned. as LEI
AZ SUBSCRIPTION AGENT" will continue to
supply the public. "
The whole amount of the Loan authorized is Five
Hundred Millions of Dollars. NEARLY o ~
HUNDRED MILLIONS HAVE BEEN ALREADY
SUBSCRIBED FOR AGD PAID INTO II
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 now
organic ng in all parts of the country, will in a
very short period, absorb the balance. Sales have
lately range1 from ten to- fifteen millions weeklys
frequently exceeding three millions daily, and a..
it is we'll known that the Secretary of the Trea surv
has ample and unfalling resources in the Duties on
Imports and Internal Revenues, and in the issue of
The interest bearing Legal Tender Treasury Notes.
it is almost q certainty that he will not find it neces-
sary, for a long time to come, to seek a market for
any other long or permanent Loans, THE NTE
EST AND PRINCIPAL OF WHICH ARE PATA-
BILE IN GOLD.
Prudence and self interest must force the minds
of those contemplating the formation of National
Banking Associa ions, ms well as the minds of all
| who have idle money on 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 a handsome
premium, as wasthes result with the eSeven Thirty
Loan. when it wessail sold and could no longer be
subscribed for at par.
IT is A SIX PER CENT@LOAN. THE IN
| TEREST AM PRINCIPAL PAYABLE IN COIN.
THUS YIELDING OYER NINE PER CENT, PER
ANNUM at the present rate 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 O Quarter of a Million
of Dollars daily sum nearly three times greatcr
than that required in the payment of the interest
on all the 5-2Os and other permanent Loans. So
that it is hoped that the surplus Coin in the Trea.
sury. at no distant day, will enableNthe United
States to resume specie payments upon all liabili
ties.
The Loan is callod 5 20 from the fact that whilst
the Bonds may run for 20 years yet the Govern
ment has a right to pay them off in Gold at par, at
any time after a year.
THE INTEREST IS PAID HALE YEARLY.
viz: on the first day of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer, and $50, 500, $500, and $1,000;
or Registered Bonds of same denominations, and
in addition. $4,000 and $4,000, For Banking
purposes and for investments of Trust-monies the
Registered Bonds are preferable.
These 5-20's cannot be taxed by States. cities
towns or counties, and the Government tax on
Thorn is only on, and a half per cent. on the amt
of income, when the incomesof the holder exceeds
Six Hundred dollars per annum; all other invest
ments, such as income from Mort ga ges,L Railroad
Stock and Bonds ETC., must pay from thrse to five
per cent tax on the income.
Banks aud Bankers throughout the Country will
ou;inue to dispose of the Bonds and all orders
By mail, or otherwise promptly attended to.
The inconvenience of o few days delay in the
delivery of the Bonds is unavoidable, the demand
being so great ;@but as interest commences from
the day eff. subscription, no loss is occasioned. and
every effort is being made to diminish The delay.
JAY COOKE,
SUBSCRIPTION AGENT
II4 SOUTH THIRD STREET PHILA.
December 0, 1s63-na7