The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-01-22
THE JEFFERSONIAN DEMOCRAT.
u. S. 5-2O'S.
The Secretary ofthc Trcasur!

The Secretary ofthc Treasury
has not yet given notice of any Intention to
withdraw this popular Loan from Sale OF
Par, ard unit! ton days notice 10 given, the
undersigned, as general SuDscrip-
ton Agent" will continue to supply the
public.
The whole amount of the Loan author.
ized is Five Hundred Million of Dollars.
Nearly -Four Hundred Millions
have been already subscribed
for ana paid into the Treasury,
mostly within the last seven months. The
largo demand from abroad, and tho rapidly
increasing homo demand for uso as tl.e ba-
sis for circulation by National Banking As
socia,ions now organizing in all parts of tho
country, will, in "A very short period, absorb
the balance. Sales have lately ranged from
ton to fifteen millions weekly, frequently
exceeding threo millions daily, and as it is
we'll known that tho Secretary of tho Treas.
ury has ample and uniaijing resources in
the Duties on Imports aud Internal Rove
nurs. and in tho issue of tho Interest bear.
ing Legal Torder Troosurr Notes. it is al.
most q certainty that he will not find il nee.
essary. for Il long time to como, 10 seek Il
market for any othuf long or permanent
Loans, THE INCREASE AND PRINCI.
PAL OF WHICH ARE PAYABLE IN
GOLD.
Prudence and solf-iutorest must force tho
minds OF thoec contemplating tho formation
of National Banking Associations. ug vol as
tho minds OF all who hHvo lido money on
their hands, to tho prompt conclusion that
thoy should lose no time in subscribing to
this most popular Loan. II will soon be
beyond thoir reach, aud advances to q hand
como premium, rs was tho result with tho
"Scven Thirty" Loan, when it was all sold
and could no loDgor DO subscribed for at
par.
Rt is $; Six per Cent LOnu, the
Interest and Principal payable
in Coin, thus yielding over Nine
per Cent, per ;sei tlTHl at the present
ratio OF premium on coin.
Tho Government requires all duties on
imports to be Paid in Coin /; these dutios
havo for a long time past amounted to over
n Quarter of a Million OF Dollars, u sum
noarly three :imos greater than that re-
CURED in tho payment of tho interest on all
tue 5 2Os and other permanent Loans. SO
that 1t 10 hoped that tho surplus Coin in
the Treasury, ut no distant day, will on.
abIo tho United States TO resume specie
Payments upon all liabilities.
The Loan is called 3 30 from tho'fact that
whilst the Funds may run for 20 years. vet
tho Government has u right to pay thom off
in Gold at par, at any time after 5 years.
The interest is paid hnlf-ycar.
ly, viz on tho first days Of November and
May.
Subscribers can have Coupon Bonds,
which are payable to bearer, and arc $50,
'bl00, $500 and $1,000; or Registered Bonds
of same denominations. and in addition
SO 600 and $4,000. For Banking pur.
poses and Tor Investments of Trust-monios
tho Registered Bond arc preferable.
Those D POS canuot DO taxed by States,
towns or cOuutios, and tho Government tax
on tbom is Only ono and n half per cent. on
tho amount Of income, whom tho income
OF tho holder exceeds Six Hundred dollars
por annum al! othor Investments, such as
income from Mortgages, Railroad Stock
.nd Bonds, otc must pay from threa to
por cent,on tho Income.
Banks and Bankers throughout tho Copn.
try will continue to dispose of tho Bonds (;
aud all ordors by mail promptly attended
TO.
Tho inconvenience of a few days delay
n tho delivery of tho Bonds is unavoidable,
he demand being SO great but as interest
from tho day of subscription,
no loss ia accustomed, and every effort 10 be-
ng mado to diminish tho delay.
JAY COOKE,
SUBSCRIPTION AGENT,
IA SOUTH THIRD STREET, PHILADELPHIA.
Philadelphia, November 20, 1868.
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