Civilian & telegraph. [volume] (Cumberland, Md.) 1859-1875, 1864-01-07
]. 5. 5-2O'S.

| THE SECRETARY OF THE TREASURY
| l. has not yet given notice Of any intention
| to withdraw this popular Loan from Sale at Par
and until ten days no,iceis given, the under
| signed, as GENERAL SUBSCRIPTION
AGENT" will continue to supply the public.
Th, whole amount of the Loan authorized
| is Five Hundred Million of Dollars. Nearly
-Four Hundred Millions have been already
subscribed for and paid into the Treasury,
| mostly within The last seven months. Tho
large demand from abroad, and the rapidly in
creasing home demand for as the basis for
| circulation by National Ganking Associations
now organizing in all parts of the country,
will, in a very shortperiod, absorb the balance.
Sales have lately ranged from ten to fifteen mil
lions weekly, frequently exceeding three mill
lions daily, and as it is well known that the
Secretary of the Treasury has ample and un .
failing resources in the Dnties on Imports and
Internal Revenues, and in the issue Of the In
terest bearing Legal Tender Treasury Notes,
it is almost certainty that he will not find it
accessory. for long time to come, to seek n
| market for any other long or permanent Loans,
THE 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 Associations, as well rs the
minds of all vino have idle money on their
hands, to the prompt conclusion that they
shcuid lose n timo in subscribing to this m st
popular Loan. 1t will soon he beyond their
reach, R1d advance to . handaome premium. (.
"a gas the result with tho "Seven Thirty
Loan when il was nll sold and could no longer
bo subscribed for at par.
IT IS A SIX PER CENT LOAN, THE IN
TEkEST AND PRINCIPAL PAYABLE IN
COIN, THUS YIELDING OVER NINE PER
CENT. PER ANNUM ut the present rate of
premium on coin.
The Government requires all duties on i'm
Drf tn Ip m in mi hpa nj hay v Iu
n long time past amounted toover a Quarter of
Million of Dollars daily, sum nearly three
times greater than that required in the pay
ment of the interest on al the j-20's and other
permanent Loans. 80 that it is hoped thnt the
surplus coin IN the Treasury, at no dis'aat day,
will enable the United States to resume specie
payments upon a,l liabilities.
The Loan is called 5 20 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, Mt any time after years.
THE INTEREST Is PAID HALF-YEAR-
LY, viz: on the first days of November and
May
Subscribers can have Coupon Bonds, which
are payable to bearer, and are $50, GiO0 90,
and $1,000; or Registered Ponds of zane de-
nominati1 1ns, and in addition, $4,000 and Slo,
600 For banking purposes and for invest
ments Of Trust monies the Registered Bonds
are preferable.
These eos cannot be taxed by States, cit
les. towns or counties, and the Government tax
on them is only one aud a-half per cent, on
the amount of income, when the income of the
holder exceeds 5000 per annum; all other in
vcstmcnts, such income from Mortgage.
Railroad Stock and Bonds, .tc., must pay from
three to five per cent tax on the income.
Banks and Bankers throughout the Country
will continue to lispose of the Bonds and all
ded to, "''@' ''i'''