The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1864-01-28
u. 8, 5-2O'S


The Secretary of the Treasury has not yet
given notice of any intention to withdraw this pop
ular Lean from Sales at Par, and until ten days
notice is given, the undersigned as Sc General
Subscription Agents. will continne to supply
the public
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars. Nsarzv Four
Hundred Millions hare been already subscribed
for aad paid into the Treasury, mostly within
the last seven months. The large demand from,
abroad, and the rapidly increasing home demand
for use as the basis for circulation by National
Banking Associations, organizing in all parts Of
the country, will. in a very short period. absorb
the balances. Sales have lately ranged from ten
to fifteen millions weekly, frequently exceeding
three millions daily, and it is well known that the
Secretary of the Treasury has ample and unfailing
resources in the Duties on imports and Internal
Revenues and in the issue of the Interest bearing
Legal Tender Treasury Notes, it is almost Ger
tainty that he will not find it necessary, for long
time to come, to seek market fer auy other long
permanent Loans, THE INTEREST AND PRIN
CIPAL OF WHICH ARE PAYABLE in GOLD.
Prudence and self interest must force the minds
of those contemplating the formation of National
Banking Associations, as well as the minds of al
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 soor
be beyond their reach and advance to . handsom,
premium, as was the result with the "Sevei
Thirty" Loan, when it was all sold and could n,
longer be subscribed for at par.
It's a Sir per Cent Loan, the Interest and Priin
cipaI Payable in Coin, thus yielding over Nine pei
Cent per annum at the present rates of premium
on coin.
The Government requires all duties on import:
to be paid in Coin; these duties have for long
time past amounted to over Quarter Of Million
Dollars daily. nearly three times greater
than that required in the payment of the interes
on all the 5-20s and other permanent Loans. Sc
that it is hoped that the surplus Coin in the
Treasury, at no distant day will enable ths United
States to resume specie payments upon all liza
bilities.
The Loan is called 500 from the fact That whilst
the Bonds may for 30 years yet the Govern
ment has right to pay them off in Gold at par, al
oh1 tiniS uilci u yCaiS.
THE 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 ere $50, 800, $500 and
$1,000: or Registered Bonds of same denomna-
tons, and in addition, SIS 600. and $40 600. For
Banking purposes and for investments of Trust
monies the Registered Bonds are preferable.
These 5-9os cannot be taxed by States, cities,
towns, or counties, and the Government tax on
them is only one:and-a half per cent, on ths
| amount of income, when the income of the holder
exceeds Six Hundred Dollars per amman; all 9th
err investments, such as income from Mortgages
Railroad Stock and Bonds, ETC., must pay from
three to FIVE per cent tag on 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 are unavoidable, the de-
mard being so great; but as 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.
odd Nv nn10 9AtaQ