Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1864-01-30
BUSINESS NOTICES.
" -. 5-2O,S

The SECRETARY OF THE Treasury has not
yet given notice of any intention to withdraw
this popular Loan from Sale at Par. and un-
Ill ten lays notice is given. the Undersigned
as General Subscription Agent will con-
Time 10 supply the pubic.
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars. Nearly
Four Hundred Millions have been already
subscribed for and paid into tho Treasury,
mostly within the last seven months The
large demand from abroad, aud the rapidly
increasing home demand for use as the basis
for circulation by N5tional Banking Asso9ia
tons now organizing in all parts eff the conn-
try. will in a very short period, absorb the
TO fifteen millions weekly, frequ ntly exceed
i'm three millions daily, and as it is well
known that the Secretary of the Treasury
ha~ ample and unfailing resources in the Du-
ties ON Imports and Internal Revenues. and
in the issue OF the Interest be ring Legal Ten
der Treasury Notes, it is almost certainty
that he will not find it necessary. for long
time to come. to seek a market for any other
long or permanent Loans. the interest and
principal of which are payable III Gold.
Prudence and self interest must force the
minds of those contemplating the formation
of National Banking Associations. az well az
the minds of all who have idle money on
their hands, 10 tho prompt conclusion that
tfey should luSe no time IN subscribing TO
this most popular Loan. Ii will soon he be-
yond their reach. and Advance tO handsome
premium, as was the result with the :" Seven
Thirty" Loan, wheI. it was all sold and could
no longer be subscribed for at par.
IL is six Ter Gent. Loan. the Interest and
Principal payable in Coin. thus yielding over
n inc per Cent. per annum at the present rate
of premium on coin.
The Government requires all duties on I'm
ports to he paid in Coin tho 81 duties have
for long time past amounted 10 over Quar-
ter Of a Millien of Dollars daily. sum nearly
three times greater than that required in the
payment of the interest OH all the 20's and
other permanent Loans. So that it is hoped
that ,he surplus Coin in the Treasury. at no
distant dav, will enable the United States To
resume specie pan ments upon AL liabilities.
The Loan is called $40 from the fact that
whilst 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 half yearly, viz: on
the first day Of November and May.
Subscribers can have Coupon Bonds. which
are payable TO bearer. and are $50. $l0O.
$500 and Sl000 or Registered Bonds Of
same denomonato. 5. and. IN addition. S5000
and $4,000. For Banking purposes and for
investments vi IIuSl-HlbuicS tilC
Bonds are preferable.
Thes, 5-20's cannot he taxed by States. CT
ties. towns, or counties and the Government
tax them is only one and half per cent.
on the amount of lncomr. when the income OF
the holder exceeds Six Hundred dollars per
annum all other Investments. such as income
from Mortgages. Railroad Stock and Bonds.
etc. nust pay from three to five per cent. tax
on the inc Inc.
Banks and Bankers throughout the country
will continue to dispose of the Bonds and.
all orders by mail. or otherwise promptly at
tended to
The Inconvenience of few DAYS delay in
the delivery of the Bonds is unavoidable. the
demand being so G ert but as interest COM
mences from the day of subscription. no loss
is occasoned. aud every effort i, being made
10 diminish the delay.
JAY COOKE. Subscription Agent.
IA South Third ST. Philadelphia.
Philadelphia. November 25. 1863. 1913
Mr. VAN SrEENwYv. President of the Bata-
Wan Bank. La Crosse is agent for this part of
the State. at whose Bank Bonds may be or
dered or had at all times.