East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-01-06

The Secretary of the Treasury has no
yet given notice of any intention to withdraw
This popular Loan from the Sale Mt Par, and un
til tep days notice is given, the undersigned, as
"Gcncral Subscription AGENT, will con.
tinue 90 supply the public.
The whole amount Of the Loan authorized i.
Five Hundred Millions dollars. Nearly Four
Hundred Millions have deem already sub.
mostly within the last seven months. The large
demand from abroad, and the rapidly increasing
/ homo demand for use as tho basis for circulation
/ by National Banking Associations now organic
short period, absorb the balance. Sales have
lately ranged from ten to fifteen millions weekly,
frequently exceeding three millions daily, and as
it is we'll known that the Secretary ofthe Treasury
has ample and unfaiIing resources in the Duties
on Imports and Internal revenues, and in the is
sue of the Interest bearing Legal Tender Treasu.
ry Notes, il is almost certainty that he will not
find it necessary, for 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 sclfntcrest must force the minds
OF those contemplating the formation of National
Banking Associations, as we'll as the minds of all
who have idle money in their hands, to the
prompt conclusion that they should lose no time
in subscribing to this most popular Loan. It
will soon be beyond their reach, and advance to
n handsome premium, as was the result with the
Seven Thirty" Loan, when il was all sold and
could no longer DO subscribed for ut par.
IL isa Six per Cent Loan, the Interest
and Principle payable i'm Coin, thus
yielding over Nine per Cent per annum
at the present rate of premium on coin.
Tbs Government requires all duties on i'm
ports to be paid in Coin; thos, duties have for a
long time pos, amounted 10 ovor a Qnarter of n
Million Of Dollars daily, 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 II 10 hoped that the surplus Coin
in the Treasury, at distant day. will enable the
United States to resume specie payments upon
all liabilities.
The Loan is called $40 from the fact that
whilst the Bonds may run for 20 years, yet the
Government has right to pay them of in Gold
at par, at any time after years
The Interest il paid half-ycariy, viz on
the first days of November and May
Subscribers can have Coupon Bonds, which are
payable to bearer, and are $50, 500, $500
and slt00; or Registered Bonds Of same denom-
onations, and in addition, $1,000 and $40, 600
For Banking purposes and for investment Of
Trust monies, tho Registered Donds are prefera-
bio. tN
These 5-20s cannot DO taxed by States, cities,
towns or counties, and the Government tax on
hem is only ono and a-half per cent on 1.-THE
amount Of income, when the income ofthe holder
exceeds Six Hundred dollars per annum; all 9TH
,r Investments, such as income from Mortgages.
Railroad Stock and Bonds etc, must pay from
hree' to dve per cent tax on the income.
Banks and Bankers throughout the Country
will continue TO dispose Of the Bonds; and all or
lers by mall, or otherwise promptly attended to-
The Inconvenience Of n few days delay in the
delivery Of the Bonds is unavoidable, tho demand
'cing 30 great but ms interest commences from
he day Of subscription, no lcss Is occasioncd, and
very effort is being made to diminish tho della
JAY COOKE,
SUBSCRIPTION AGENT,
IA SOUTH THIRD ST, PHILADELPHIA.
Philadelphia, November %, 1863.