The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1864-01-07
u. S. 5-2O'S

The Secretary Of the Treasury has not yet
piven notice Of any intention to withdraw this pop.
ular Lean from Sales at Par, and until ten days
notice is given, the undersigned. as General
subscription Agent" will continue to supply
the public. 20 sa aae es
i The whole amount of the Loan authorized is
Five Hundred Millions of Dollars. Nearly -Four
Hundred Millions hare been already ss6sri6sd
for and paid into tie 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 oil
the country w.ll in very short period, absorb
ihe lances. Sales have lately ranged from ten
y d0esn millions weekly, frequently exceeding
three slions daily. and it is well known that the
Secretary OF tue TIeasury has ample aud uniajling
resources il the Duties Oh imports and Internal
Revenues. and in the issue OF the Interest bearing
Legal Tender Treasury Notes, 1t is almost a GER
tainfy that he viii lot find it necessary. for long
lime "a come 70 seek uafket isr any other long OF
permanent Loans THE INTEREST AND PklN-
CIPAL OF y HIGH ARE PAYABLE in GOLD.
ouN SCii tcot must &c Tue illiLuS
of those contemplating the formation of National
Banking Associations, 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, as was the result with the "Seveu
Thirty" Loan, when it was all sold and could no
longer be subscribed for at par = sAea
II Is a Sir per Cent Loan, he Interest and Prin.
eiPal Paya6ls in Coin, thus yielding ovsr Nins per
Cent per anRun at the present rates of premium
on coin.
The Government requires all duties en- imports
| to be paid in Coin; these duties have for . long
time past amounted to over Quarter Of a Millior
Dollars daily. a sum nearly three times greater
than that required in the payment of the interes
on all the 5-2o's and other permanent Loans. Sc
that it is hoped that the surplus Coin in the
Treasury, at distant day, will enable the United
States to resume specie payments ui,on all liza
bIfities.
The Loan is called $40 from the fact that whilst
the Bonds may run for 20 years yet the Govern.
ment has right to pay them off in Gold at par al
any Tune diter years.
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 are 500, 500, $500 and
$1,000: or Registered Bonds of same denomina
tons, and in addition S. 600. and $40 600. Fol
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 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 perannam all 9th.
er Investments, such as income from Mortgages,
Railroad Stock and Bonds, ETC., must pay froH,
three to tive per cent tax 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
mand being SO great but as interest commences
from the day Of subscription. loss is occasioned
and every effort is being made to diminish the
delay. Es 5 {
JAY COOKE.
SUBSCRIPTION AGENT.
ia souTu THIRD STREET. PHILADELPHIA
Philadelphia, Nov. rs. 1863 declO-S4ma