The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-01-20
U. 8. 5-SO'S.
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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, as
NEUTRALITY-SUSPICIOUS. AGENT
will continue to supply the public.
The whole amount of the Loan author
2ed is Five Hundred Millions of Dollars
NEARLY FOUR HUNDRED MIL
LIONS HAVE BEEN ALREADY
FOR AND PAID
INTO THE TREASURY, mostly within
the last seven month. The large demand
from abroad, and the rapidly increasing
home demand for use as the basis for cir
culation by National Banking Associa-
tions now organizing in all parts of the
country, will, in very short period, alb
sorbthe balance. Sales have lately ranged
from ten to fifteen millions weekly, fire.
quently exceeding three millions daily,
and as it is we'll known that the Secreta-
ry of the Treasury has ample and unfail-
ing resources in the Duties on Imports
and Internal Revenues, and in the issue
of the Interest bearing Legal Tender
Treasury Notes, it is almost certainty
that he will not find it necessary, for a
long time to come, to seek a market for
any other long or permanent Loans, TH 4
INTEREST AND PRINCIPAL OF
WHICH ARE PAYABLE IN GOLD.
Prudence and self interest must force
the minds of those contemplating the
formation of National Banking Associa-
tions, as we'll as the minds of all who have
idle money on their hands, to the prompt
| conc lusion that they should lose no time
in subscribing to this most popular Loan
1t will soon be beyond their reach, and
advance TO handsome premium, as was
the result with the "Seven Thirty Loan,
We n = was all sold and coald no longer
bh : b eribed Fl + at par. saa
II Is y SIX PER CENT LOAN
THE INTEREST AND PRINCIPAL
PAYABLE IN COIN, THUS YIELD
ING OVER NINE PER CENT. PEI
AMY Nj at The rate OF premium OIL
coin.
The Government requires all duties or
imports to be paid Coin; these dutT'
have Tor long time past aAoun'ed t'
over Quarter Of Million OF Dollar'
daily, a sum nearly three tines create
than that required in the payment OF th'
interest on all the 520s aud other per
mancnt Loans. So that il is hoped ha
the surplus Coin in the Treasury, al n'
distant day, will enable the United ntate
to resume specie payments upon all la
bilities.
The loan is called 90 from the fac
that whilst the Bonds may run fcl -
years vet the Government has right Il
pay them off in gold at par, at any tin
after . years. r
THE INTEREST IS PAID HALF
YEARLY. viz: on the first days OF Nov
ember and Nav
Subscribers have Coupon Bonds, whic'
are payable to bearer, asd are 500 Sl'
$50 and $l0G0; of Registered Bonds G
same denominations, and in addition
$4,000 and $4,000 For Banking fur
poses and for investments ot Trust-monie
the registered boads are preferable.
These 52G' 5 cannot be taxed by States
. cities, towns or counties, aud the Govern
ment tax on them is only ore and a-hal
per cont Oh the amount of income. whe
the income Of the holder exceeds six Hun
drcd do lars per annum; all ether invest
ments, such as income from Mortgage
Railroad Stock and Bonds, etc, must IA
from three 10 fye per cent tax on the IN
come.
Banks and Bankers throughout tn
Country will continue to dispose Of tn
Bonds; and all orders by ,sai.. or other
wise promptly attended to-
The Inconvenience of a few day 6 della
in the delivery of the Banks is unavoida
bio, the demand being SO great; butas IN
tercst commences fro M the dav OF 'nt
scri ption no loss is occasiored. and ever
effort is made to diminish the delay,
JAY COOKE,
Subs scriptiou Agent
II SOUTH THIRD STREET, pHILADELPAI