The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1864-01-30
united States SO.

TNHE Secretary of the Treasury has not yet
4 given notice of any intention to withdraw
this popular loan from sale at par, and until ten
days notice is given the undersigned, as Gene
raj Subscription Agent" will continue to supply
the public
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars. Nearly four
hundred millions hare already been subscribed fer
and paid into the Treasury, mostly within seven
months past. The sarge demand from abroad, and
the rapidly increasing home demand for use as
the basis for circulation by National Banking
Associations now organizing In all parts of the
country, WILL In very short time, absorb the
balance. Sales have lately ranged from ten TO
to fifteen millions weekly, frequently exceeding
three millions daily, and asst IS well known that
the Secretary of the Treasury has ample and IN
falling resources in the Duties on Imports and
Internal Revenue, and in the issue of the Inter
est-bearing Legal Tender Treasury Notes, 1t Is
almost certainty that he Will not fad 1t necessary
for long time to come to seek market tor any
other long or permanent loans, the interest or
principal of which are payable 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 in their hands, to the
prompt conclusion that they should lose no time
in subscribing to this most popular Loan. 1t
will soon be beyond theirsreaeh, and advance to
a handsome premium, was the result with the
Seven Thirty" Loan, vixen it all sold and
could no longer be subscribed for at par.
1t is a six per cent Loan, the Interest and PTin>
cipal payable in Coin, thus yielding over Nine
per cent. per annum at the present rate of prem
iunI coin.
The Government requires all duties on imports
| to be pain in Coin; these duties have for long
time past amounted to over Quarter of Mil
lion of Dollars daily, sum nearly three times
greater than that required in the payment of the
interest on all the 5-20s and other permanent
loans So that il is hoped that the surplus coin
in the Treasury at no distant day will enable the
United States to resume specie payments on all
| liabilities.
The Loan is called $50 from the fact that
whilst the Bonds may run for % years, yet the
! Government has a right to pay them off in Gold,
at par at any time after years.
THE INTEREST IS PAID HALF YEAR
LY, Wis: the lst days of November and May
Subscribers can have Coupon Bonds, which
are payable 20 bearer, and are $50. 500, $500,
! and 81 900; or Registered Bonds Of same demon
! nations, and in addition $4,000 and $4,000.
For Banking purposes and for investments of
| Trust moneys the Registered Bonds are prefer
! able.
These 20s cannot be taxed by States, cities,
towns, or counties; the Government tax on them
| is only One-and-a half per cent the amount of
! income, when the income of the holder exceeds
Six Hundred Dollars per annum; all other in
vestments, such as income from Mortgages, Rail-
road Stock and Bonds. etc, must pay from three
to Ave per cent. tax on the income.
! Banks and Bankers TIN Oughout the country
will continue 10 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 de-
mand being so great; but interest commences
! from the day OF subscription. loss is occasion
ed, and every effort is being made to diminish the
! delay. JAY COOKE.
| Subscription Agent III South Third street,
Philadelphia. SCOTT, KERR d CO, Agents,
Leavenworth. Kansas. (janI6