Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-01-14
9. :. 5=0O's.

| TT1IIE Secretary Of the Treasury has not vet
L given notice of any intention to Withdraw
this popular Loan fiom Sale at Par, and until
ten days notice is given, the undersigned, as
| GENERAL SUBSCRIPTION AGENT" viii contin-
| lie to supply the public.
The whole amount of the Loan authorized
is Five Hundred Millions of Dollars. Neay7y
Fow Hsndred ,UIjoas hare been o1rea1iy sab
Sc2'i5cd for and paid ;1,to tie Treasury, mostly
within the last seven months. The large de-
man! from abroad. and the rapidly inoreas-
ing home demand for use as the basis for cir,
culation by National Banking Associations
ROW organizing in all parts of the countrv,
will, III very short period, absorb the bal
ance. Sales have lately ranged from ten to
fifteen millions weekly, Frequently exceeding
three millions daily, and rs it is well known
that the Secretary of the Treasury has ample
and untalling resources in the Duties on In
ports and Iaterual Revenues and in the is
sue Of the Interest bearing Legal Tender
Notes, 1t Is almost a certainty that he vi |
not find 1t necessary, for a long time to come,
to seek market for any other long or per-
manent Loans THE INTEREST AXp PEISCIPAL
og WHICH ARE PAYABLE N GOLD
Prudence and set-iHtcrest must force the
minds Of those contemplating the formation
Of National Banking Associations, as well as
.he minds Of all who have idle money on their
hands, 10 the prompt conclusion that they
should lose no time in subscribing to this
most popular Loan. 1t will soon be b:vond
their reach, and advance to handsome pre-
MUM, as was the result with the Seven
Thirty Loan, when it WAS all sold and could
no longer BE subscribed for at par
II is q Sic per- Cs2,t. Loan, tie L2tcrcst ami
PrHcipnI p@yGjlc ii Coin, tsaa yjoltIaq epe1'
Nine per Cent. per amin at the present rate
Of premium Oil coin.
The Government requires all duties on i'm
ports to be paid III Coin; these duties have
for long time past amounted TO over Il Quar-
ter OF a Million OF Dollars daily, q sum near
~ three times greater than that required in
the payment OF the interest on all the 5-2g'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 resume specie payments upon all
liabilities.
The Loan is called $40 from the fact that
whilst the Bonds may run for 20 wears, vet
the Government has Il right 20 pay them off
ii Gold at par, at any time after wears
InE INTEREST Is PAID HALF-YEARLy, viz: on
the first days of November and May
Subscribers can have Coupon Bonds, which
are payable to bearer, and are $50, S1UN
$500, and $1,000; or Registered Bonds of
same denominations and in addition, S3, 600
and Slo,Gou. For Banking purposes and for
investments Of Trust-monies the Registered
Bonds are preferable
These 5-2O's cannot be taxed by States,
cities, towns or counties, and the Government
tax 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
Bonds, ctc-, must pay from three to five per
cent. tax OIL the income.
Banks and Bankers throughout the Coun-
try will continue to dispose Of the Bonds ;
and all orders by mail, Or otherwise prompt
~ attended to.
The Inconvenience of few DAYS delay in
the delivery OF the Bonds is unavoidable, the
demand being so great; but as interest com
menccs from the day of subscription, no los:
Is occasioned, and every effort is being made
to diminish the delay.
JAY COOKE,
Subscription Agent,
ia South Third Street, Philadelphia.
Philadelphia, November 25, 1868. 51m2