The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1864-02-11
u. s. 5-2O'S

The Secretary of the Treasury has not yet
ular Loan from Sales at Par, and until ten days
notice is given, the undersigned. as s. General
Subscription Agent,o will continue 10 supply
the public.
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars Nearly -Four
Hundred Millions hare 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 use as the basis for circulation by National
Banking Associations, organizing in all parts Of
the country, will, in very short period, absorb
the balances. Sales have lately ranged from ten
to fifteen millions weekly, frequently exceeding
three millions daily and it is well known That the
Secretary of the Treasury has ample and uniaiiing
resources in the Duties on imports and Internal
Revenues, and in the issue of the Interest bearing
Legal Tender Treasury Notes, it is almost GER
tainty that he will not find it necessary tor long
time to come, to seek market for any other long
permanent Loans, THE INTEREST AND PRIN-
ClPAL OF WHICH ARE PAYABLE in GOLD.
Prudence aud self interest must force the minds
of those contemplating the formation of National
Banking Associations, as well as the minds of all
who have idle money on their hands, to the prompt
conclusion that they should lose time IN SUBJ
scribing to this most popular Loan. 1t will soon
be beyond their reach, and advance to : handsome
premium, as was the result with the ''Seven
Thirty" Loan, when it all sold and could no
longer be subscribed for at par. ~ ~
tbs Sir per Cent Loan, HE Interest and Prin-
cpal Payable IN Coin, thus yietding oper Nine per
Cent per annum at the present rates of premium
on coin. 10 Bio - sosli
| The Government requires all duties on imports
to be paid in Coin; these duties have for long
time past amounted to over Quarter of a Million
Dollars daily, a sum nearly three times greater
than that required in the payment of the interest
on all the 5-2O's and other permanent Loans. So
that it is hoped that the surplus Coin in the
Treasury, at no distant day, will enable the United
States to resume specie payments upon all liza
bties.
The Loan is called 500 from the fact that willis
the Bonds may run for 30 years yet the Govern
ment has right to pay them off in Gold at par, a
any time after 5 years.
THE INTEREST is PAID HALF-YEARLY
viz: on the first days of November aud May.
Subscribers can have Coupon Bonds, which arr
payable to bearer, and $50, 800, $500 ant
$1,000: or Registered Bonds of same denomina
tions aud in addition, IS 600. and $40 600. Fo
Banking purposes and for investments of Trust
monies the Registered Bonds arc preferable.
These 5-20's cannot be taxed by States, cities
towns, or counties, and the Government tax Of
them is only one-and a-half per cent, On tn
amount of income, when the income of the holde
exceeds Six Hundred Dollars per AMMAN; all 9th
| err investments, such as income from Mortgages
Railroad Stock and Bonds, etc., must pay froH
three to five per cent tax on the income.
Banks aud Bankers throughout the Country vii
continue to dispose of the Bonds; and all order
by mail, or otherwise. promptly attended to.
| The Inconvenience of few days DELAY in TIL
delivery of the Bonds unavoidable, the de
mand being so great; but as interest commence
from the day of subscription. no loss is occasioned
and every effort is being made to diminish tn
delay. ,