Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1864-01-09
BUSINESS NOTICES.
u. -. 5.2O'S

The SECRETARY or THE TREAsURY has not
vet given notice OF any intention to withdraw
This popular Loan from Sale at Par. and un-
ill ten Jays notice is given. the Undersigned
as General Subscription Agent" will con-
tinue 10 supply the pubic.
The whole amount of the Loan authorized is
Five Hundred Millions 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 use as the basis
for circulation by National Banking Assooia
tons now organizing in all parts eff the cous-
try, will, in very short period, absorb tho
balance; Sales have lately ranged from ten
TO fifteen millions weekly, frequ, nily exceed.
Ing three millions daily. and as il is we'll
known that the Secretary of the Treasury
has ample and unfailing resources in the Du-
ties on Imports and Internal Revenues. and
in the issue of the Interest be ring Legal Ten
der Treasury Notes, it is almost certainty
that he will not find it necessary. for a long
time to come. to seek market for any other
long or permanent Loans. the interest and
principal of which are payable in Gold.
Prudence and self interest must force the
minds of those contemplating the formation
of National Banking Associations. as well ss
the minds of all who have idle money on
tnelT ndnuS, 10 ITO CoHCilSion tiidl
they should lose nO time in subscribing 10
this most popular Loan. 1t will soon be be-
vond their reach. and advance to a handsome
premium. as was the result with the " Seven
Thirty" Loan. wheI it was all sold and could
no longer be subscribed for at par.
Ii is six Ier Cent. Loan. the Interest and
Principal payable in Coin, thus yielding over
Nine per Cent. per annum at the present rate
of premium coin.
The Government requires all duties on Inn
ports tO be paid in Coin tn, Sc duties have
for long time past amounted 10 overa Quar-
ter of :. Million of Dollars daily, a sum nearly
three times greater than shat rcqu red in the
payment of the interest on all the ) 20s aud
other permanent Loans. So that it is hoped
that the surplus Coin i'm the Treasury, at no
distant day, will enable the United States to
resume specie payments upon all liabilities
The Loan is called 500 from the fact that
whilst the Bonds may run for 20 years. yet
the Government has right to 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 10 bearer. and are $50, 800.
$500 and $1,000; or Registered Bonds of
same dennmonatiO.s and IN addition. 5000
and $40 1000. For Banking purposes and for
investments of Trust m onics the Registered
Bonds are preferable.
These 5-20's cannot be taxed bv States. CT
ties. towns, or counties. and 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 dollars per
annum , all other investments. such as income
from Mortgages. Railroad Stock and Bonds.
etc. must pay from three to five per cent. tax
on the inc ,Tne.
Banks and Bankers throughout the country
will continue 10 dispose of the Bonds; and
al orders by mail, or otherwise promptly at
tended to-
The Inconvenience of few days delay in
the delivery of the Bonds is unavoidable, the
demand being SO g,est !; but as interest COM
mences from the day Of subscription, no loss
is occasioned. and every effort i. being made
10 diminish tire delay.
JAY COOKE, Subscription Agent,
I'D South Third ST.. Philadelphia.
Philadelphia, November %. 1863. 1913
Mr.. VAN STEENwYK. President of the Bata-
Wan Bank. La Crosse. IS agent for this part of
the State. at whose Bank Bonds may be or
dered or had at all times.