The Union. [volume] (Georgetown, Del.) 1863-1866, 1864-01-08
y. s. 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 until ten days notice is
given, the undersigned General Subscription
Agent" will continue to supply the public.
The whole amount of the Loan authorized is Five
Hundred Millions of Dollars. Nearly Four Hun
bred Millions have been already subscribed for and
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 ba-
sis for circulation by National Banking Assoca-
tiOns 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 tho
Treasury has ample and nniailing resources in the
Duties on Imports and Internal Revenues and in
the issue of the Interest bearing Legal Tender
Treasury Notes, it is almost q certainty that he will
not find it necessary for n long time to come, to
sack a market for any other long or permanent
Loans, the interest and principal Of which pay
able 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 all
who have idle money on their hands, to the prompt
conclusion that they should lose time in sub
scribing to this most popular Loan. 1t will soon
be beyond their reach, and advance to handsome
premium Us was the result with the Seven Thirty"
Loan, when il was all sold and could longer be
subscribed for at par.
1t is a Six per Cent Loan, the Interest and Prin-
cipal payable in Coin, thus yielding over Nine per
Cent. per annum at the present rate Of premium ON
coin.
The Government requires all duties on imports to
be paid in Coin these duties have for a long time
past amounted to Quarter of Million OF
Dollars daily, nearly three times greater than
that required in the payment of the interest all
the 5-2Os and other permanent Loans. So that it
is hoped that the surplus Coin in the Treasury, at
distant day, will enable the United States to re-
sumo specie payments upon all liabilities.
The Loan is called 500 from the fact that whilst
the Bonds may run for 20 years yet the Government
has right to pay them of in Gold at par, at any
time after 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 $50, 500, $780, and
$1,000; or Registered Bonds of same denominations,
and in addition, $4,000 and $4,000. For Banking
purposes and for investments of Trust-monies the
Registered Bonds are preferable.
These 5-20's cannot be taxed by States, cities
towns countless and the Goyernmenttax 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 per annum all other investments,
such as income from Mortgages, Railroad Stock and
Bonds, ETC., must pay from three to five per cent
tax on the income.
Banks and Bakers 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 is unavoidable, the demand
being so greats but as interest commences from the
day of subscription, no loss is oceasoned and every
effort is being made to diminish the delay.
JAY COOKE,
SUBSCRIPTION AGENT.
ia South Third Street, Philadelphia.
December 4, 1S63.-26.