The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-01-28
/. :. { 2l|'S

The Secretary of-l,e 7'reas1r- lsas
Isl ct lts~n u4t;,'. II iisy Sa...l'fon ,oNitl-
l.aw tht~ ra,.ar iern frert ~a'e III Par
s,,l ursi. tcn #lat.s aai.s ]. son. the d...er
si.Segl AZ ssi.=it, Sisr, =siasfis. A.fSl,
w.!!eaatinuc ~ safs, IT, tG,,i.
Ts- Whsle ai.4ag,.s Il lft l.5aa ~ heriza,l is
Five lTunArsl Millions of ral'ts .ssasg
Fou- liab5rt5 MsUiens haee tssa atr4fi So
scs..br3 ~ aa3 oqi9 st, ~ " rssrf, ,res.ly
within the last seven months The large de-
mana iroa abroad, ard the rapidly increasing
home demand for HISS as the basis far cirenfa
ton w National Banking associations now
organizing in AL parts of the country, will.
in a very short par.oa absorb the balance
Sales have lately ranged from ten IA fifteen
IA lions weekly, frequently exceeding three
millions daily, aad as it is wei. known tl.',
the Sc rotary 81 the Treasury las ample aaal
unfai!ing reesurces in The n.;tfes on Imports
and Informal Revenues ansl III tile issue CT
the Interest bearing Legal Fender Treasury
Notes, II is almost a certainty that he will
not find it necessary, for long time to come
10 seek a market for any other long or pcr,na
nent Loans, TILE INTEREST AND PRINCE
rALuF WHICH ARE PAYABLE IN GOLD
rnlence and self Interest mu,t force the
minds of those contemplating the formation
of National Banking Assoei tons, as we'll
rs the minds Of all who have idle money on
their hands, Is the pront conclusion that they
should lose TO time in subscribing TO tlis
mos, popular Loan 1t will soon be beyond
their reach, AID advance to a 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
It's a Sixpe Cent Loan, the In
terest and Principal payable in
/ Coin. thus yielding Nine per cent.
! u ,raluuln at the present rate Of premium
/ on coin.
| The Government requires all duties on i'm
! ports to be paid in Coin these duties have
! for long time pas, amounted TO over onar
ter Ct Million OF Dollars daily, sum nearly
i three times greater than that required in the
] payment Of the interest on all the a-2Os and
I other permanent Loans. 50 that It'll hoped
! that the surplus Coin in the Treasury at no
/ distant day, will e5aable the United States to
resume specie payments upon all liabilities
/ The Loan is called o-2e from the fact that
whilst the Bonds may run for 70 years vet
/ the Government has right to pay them Oft IN
| Gold at par, at any time y ter years.
The Interest is paid half yearly,
/ viz on the first day OF November and May.
Subscribers can have Cupon Bonds, which
are payabte to bearer and arc $50, sloo, 5000
| And 5lGoo or Registered Bonds OF same Ne.
! nominations, and in addition, $4,000, and
/ $4,000, For Banking purposes and Tor in
/ ysstments Of Trust monies the Registered
I Bonds are preferable
/ Thes> 5oo's canaot be taxed by States, Cit
/ les. yns or counties AMI the Government
| tx on them is only one ard a half per cent,
| on the amount Of income, when the income Of
/ the holder exceeds Six Hundred dollsrs per-
aanum all other investments, such as IN
come from Mortgages, Railroad Stock and
Bonds, exc, mus pay FROM three 70 five per
cent.taS on the income
I Banksand Bakers throughout the Coun-
I try viii continue to dispose CT ihe Bonds
/ and all orders by mail or otherwise promptly
/ attended t.
/ II, Inconvenience OF a few days delay IN
/ the delyeoy OF the Bonds il Unavoidable. the
i demand being 50 great; but ~ Interest COM
merees IRON the day OF subscription no loss
I oceasioaed. sa1 every etcltis being made
GiniluisA tue delay.
JAY COOKE.
SUBSCRIPTION AneSr
1T South Third Street, Philadelphia Pa,
ph;,. ..}rh,, Nnvau,hp. ~, IMP y5a1lla IA