The Union. [volume] (Georgetown, Del.) 1863-1866, 1864-01-22
U. g. 5-2O,S.

The Secretary Of the Treasury has not yet givea
notice of any intention to withdraw this popular
Loan from Sale ae Par, and until ten days Rotiee y
given, the undersigned, as "Generat Snbseriptle@
Agent" will continue to supply the public.
The whole amount of the Loan Authorized Is rive
Hundred Millions of Dollars. Nearly -Four Hun
bred Millions have been already sIbserioea ior ana
paid into the Treasury, mostly within soe ase seven
months. The large demand from abroaGJ ana .ne
rapidly increasing home demand for use rs tbs pa
sis for circulation by National Banking Associa>
tons now organizing in all parts of the country
will, in very short period, absorb the balances
Sales have lately ranged from ten to fifteen mlsns
weekly, frequently exceeding three millions daily
and as it is well known that the Secretary Of the
Treasury has ample and nnfailing resources in the
Duties on Imports and Internal Revenues, and in
tho Issue Of the Interest bearing Legal Tender
Treasury Notes. il is almost certainty that he will
not find it necessary, for long time to come, to
seek market fer any other long or permanent
Loans the interest and principal Of which are pay
able in GOLD.
Prudence and self interest must force the minds
of those contemplating the formation of National
Banking Association, as well as the minds OF all
who have idle money on their hands, to the prompt
conclusion that they should lose no time in sub
scribing to this most popular Loan. 1t will soon
be beyond their reach, and advance to handsome
premium, aswasthe result with tho J" Seven Thirty
Loan, when it was all sold and could no longer BIO
subscribed for at par.
It is a Six per Cent Loan, the Interest and Prn-
cipal payable in Coin, thus yielding over Nine per
Cent. per annum at the present rate Of premium on
coin
The Government requires all duties on imports to
be paid in Coin these duties have for Il long tina
past amounted to over a Quarter Of Million OF
Dollars daily, nearly three times greater than
that required in the payment of the interest on all
the 5-20'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
sumo spccis payments upon all liabilities.
The Loan is called 500 from the fact that whilst
the Bonds may for 20 years yet the Government
has right to pay them of in Gold at par, at any
time after o years.
The Interest is paid half yearly, viz on the frst
days of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer, and $50, 500, $500, and
$1,000; or Registered Bonds of same denominations,
and in addition, $4,000 and $4,000. For Banking
purposes and for investments of Trust-monies the
Registered Bonds are preferable.
These 5-20's cannot be taxed by States, cities
towns or counties, and the Governmental on them,
is only one-and-a-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
| Bends, ETC., must pay from three to five per cent
| tax the income.
Banks and Bankers throughout the Country will
continue to dispose Of the Bonds; and all orders by
mail, or otherwise promptly attended to.
The Inconvenience of few days delay in the
delivery OF the Bonds is unavoidable, the demand
| being so great but interest commences from the
day of subscription, no loss is occasioned and every
| effort is being made to diminish the delay.
| JAY COOKE,
SUBSCRIPTION AGENT.
| ia South Third Street, Philadelphia
December A. 1S63.-26.