The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-03-16
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mn The , SECRETARY OF T1E
TREASURY has not vet eiven
any intention to Withdraw tb;s oe,yI
Loan from Sale at Par, and unt;l, a. ppatSr
notice is given, the unders;snadys
OBSERVATION-DISCLOSURES AG FNT,
will continue to supply the public r
The whole amount of the Loan antbou
zed is Five Hundred Millions of tI1fo,t,.sg
NEARLY FOUR HUNDRED MIIsiq
LIONS HAVE BEEN ALREaDys
SUBSCRIBED FOR AND hpa1nsi
INTO THE TREASURY. mostly vitl;
the last seven month"; The laroa dan,.aJ
from abroad, and the rapidly incress;aa
home demand for use as the 6as;s' fss .:a'5s
culatien by National Bank ipe A ssos;.gas
tlons now organizing in all parfs nfsfboo
country, will, In very short per;oa sba1
sorbthe balance. Sales have Iately rsl s...aa
from ten to fifteen millions weekly frsJo
quently exceeding three millions ids,1niff
and as it is we'll known that the rSaSrstssi,o
ry of the Treasury has ample and nnf.;l-
ing resources in the Duties on Imports
and Internal Revenues, and in the issue issue
OF OF the Interest bearing Legal Tender
Treasury Notes, it. is almost certainty S
that he will not find it necessary. for a
long time to come, to seek market for,
any other long or permanent Loans. THE
INTEREST AND PRINCIPAL OF
WHICH ARE PAYABLE IN Col ID.
Prudence and self interest must force
the minds of those contemplating the
formation of National BANKING Assoc;o.
tlons, as well as the minds of all who have
Idle money on their hands, to the promptr
conclusion that they should lose no time
in subscribing to this most popular Loan.
1t will soon be beyond their reach and
advance to a handsome premium. as was
the result with the 'Seven THIRTY, Lean
ween it was all sold and could no longer
bh subscribed for at par.
| IT is A SIX PER CENT LOAN
THE INTEREST AND PRINCIPAIe
PAYABLE IN COIN THUS YIELD-s
ING OVER NINE PR CENT PkRs
ANNV at the rate of premium on
coin. s7'F
The Government requires all duties on
imports to be paid oCoin; these duties
have for long time past amounied 10
) over Quarter OF Million of Dollars
: daily, a sum nearly three times greater
than that required in the payment Of the
interest on all the 5.2Gs and other per
manent Loans. So that it is hoped that
the surplus Coin in the Treasury, at 10 o
distant day, will enable the United States
to tore. resume specie payments upon all Tia
The loan is called 90 from the fact
that whilst the Bonds may run for 20
years yet the Government has a right TO
pay them off in gold at par, at any time
after 5 years.
:, THE INTEREST IS PAID HALF
. fEAkLY viz !: on the first days Of Nov.
ember and Nav. ia aoi4,t.4ss
S Subscribers have Coupon Bonds, which
: are payable to bearer. and are $50 800
500. and $1,000; of Registered Bonds Of
same denominations, and in addition.
. $4,000 and $4,000. For Banking pur
e poses and for investments of Trust monies
the registered bonds are preferable.
e These 5.20scannot be taxed by States,
cities, towns or counties, and the Govern
I ment tax on them is only one and a-half
v per cent. oD the amount of income, when
e the income of the holder exceeds six Hun
s dred dollars per annum; all other invest,
ments, such as income from Mortgages,
g Railroad Stock and Bonds, etc, must pay
8 from three to FIVE per cent tax on the in
s. come. fsff
y Banks and Bankers throughout the
Country will continue to dispose of the
IS Bonds; and all orders by mail, or other
wise promptly attended to-. augI,
Ihe Inconvenience ofa few davis de]ay
in the delivery of the Banks il unavoida-
b bie' the demand being so great; but as in7
ferest. commences from the dav of snb-
t scr'ptlon, no loss is occasioned. and every
e effort is made to diminish the delay,
d -@es sSa JAY-CO0KE,
! iaotles14 Subscription Agent
: Ia sorTH TuIRD STREET, PHILADELPHIA.