The Smoky Hill and Republican union. [volume] (Junction City, Kan.) 1861-1864, 1864-01-02
United TATES sos.

The Secretary Of 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, ~
General Subscription Agent" will continue
to supply the public.
The whole amount Of the loan authorized Is
Five Hundred Millions of Dollars. Nearly
Four Hundred Millions have been
already subscribed aud paid l0lO
the Ire sury, mostly within the last sew
en- months. The large demand from abroad.
| and the rapidly increasing home demand for
use as the basis for circulation by National
Banking Associations now organizing in all
| parts of the country, will, in a very short pc
| riod absorb the balance. Sales have lately
| ranged from ten to fifteen millions weekly,
| frequently exceeding three millions daily. and
| az it is well known that the Secretary Of the
Treasury has ample and uufailing resources in
the Duties on Imports and Internal Revenues,
| and in the issue of the Interest bearing Legal
Tender Treasury Notes, it is almost certainty
| that he will not find it necessary, for q 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 we'll as the
hands, to the prompt conclusion that they
should lose no time in subscribing to this most
popular loan. 1t will soon be beyond their
reach, and advance to a handsome premium,
as was the result with the g Seven Thirty "
Loan whsn it was all sold and could no longer
be subscribed for at par.
| Ii IL q Six per Cent Loan, the In-
terest and Principal payable In
Coin, thus yielding over Nine per
Cent. per 0nnum ut the present rate Of
premium on coin.
The Government requires all duties on i'm
ports to be paid in Coin these duties have for
a long time past amounted to over Quarter Of
Million of Dollars daily, a sun, nearly three
times greater than that required in the pay
ment Of the interest on all the sos and other
permanent Loans. So that is hoped that the
surplus Coin in the Treasury, at no distant
day, will enable the United States to resume
specie payments upon all liabilities.
| The Loan is called $50 from the fact that
while the Bonds may run for 20 years yet the
Government has right to pay them Off in
Gold at par, at any time after years.
The Interest Is paid haiCyearz3
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 $1,000; or Registered Eonds Of Same de-
|
Sl0,000. For Banking purposes and for in
ycstments Of Trust-monies the Registered
Bonds are preferable.
These s. 20s cannot be taxed by States, cities,
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 annun,:
all other investments, such IS incomes from
Mortgages, Railroad Stock and Bonds, etc,
must pay from three to FIVE per cent tax Oh the
| income.
Banks and bankers throughout The country
viii continue to dispose Of tie Bonds; and all
orders by mail, or otherwise, promptly attend
ed TO.
I The inconvenience Of . few days delay in
the delivery OF the Bonds is unavoidable, the
demand being SO great; but as interest COM
mences from the day of-subscriptiop, no loss is
eccasicned, and every effort is being made to
| diminish the delay. JAY COOKE,
Subscription AGENT ia South 81 ST., phila.
SCOTT, KERR CO., Bankers,
Agents for the sale of Bonds, Leay., Kan.