The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1864-02-13
united States sos.

HIHE Secretary of the Treasury las not yet
Il given notice of any intentioR TO withdraw
this popular loan from sale at par, and until ten
days notice is given the undersigned as tsGene-
raj Subscription Agent" viii continue TO supply
the public. f
The whole amount OF the Loan authorized is
Five Hundred Millions Of Dollars. Nearly four
hundred millions haze already Jeea sl.Lseyi5ed fc
AID paid into the Treasury, mostly within seven
months past. The large demand from abroad, and
the rapidly Increasing home demand for use IA
the basis for circulation by National Banking
Associations now organizing in all parts Of the
country WILL in d very short time, absorb the
balance Sales have lately ranged from ten 10
to fifteen millions weekly, frequently exceeding
three millions daily, and asst is well known that
the Secretary of the Treasury has ample and On.
falling resources in the Duties on Imports and
Internal Revenue, and IN the issue of the Inter-
est-bearing Legal Tender Treasury Notes, it il
almost certainty that he VIII not fad it necessary
for long time to come to seek market for any
other Ions or permanent loans, the interest or
principal of which are payable in GOLD.
Prudence and selfinterest must force the minds
Of those contemplating the formation of National
Banking Associations as we'll 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 Il
will soon be beyond their reach, and advance to,
handsome premium, was the result with the
"Seven- Thirty Loan, when it was all sold and
could no longer be subscribed for at par.
1t is six per cent Loan, the Interest and PTin.s
eipal payable in Coin, thus yielding over Nine
per cent? per annum at the present rate of prem
ium coin.
The Government requires ell duties on imports
to be pain in Coin; these duties have for a 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 all the 5-20s and other permanent
loans. So that il is hoped that the surplus eoin
in the Treasury at no distant day will enable the
United States to resume specie payments on al
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 off in Gold.
at par, at any time after years.
THE INTEREST is PAID HALF YEAR
LY, Wis: on the lst days of November and Nav.
Subscribers have Coupon Bonds, which
are payable TO bearer, and are $50, 800, $500
and 81 1000; or Registered Bonds of same denom-
nations, and in addition S., 900 and $4,000
For Banking purposes and for Investments Of
Trust moneys the Registered Bonds are prefers
able.
These 5 20s cannot be taxed by States cities
towns, or counties; the Government tax on them
is only one-and-a-haf per cent. on 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 five per cent. tax on the income
Banks and Bankers throughout the country
will continue TO dispose of the Bonds; and all
orders by mail, or otherwise, promptly attended
to. s-
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 no loss is occasion
ed, and every effort is being made to diminish the
delay JAY COOKE.
Subscription Agent, ia South Third street,
Philadelphia. SCOTT, KERR & CO., Agents .
Leavenworth' Kansas. [janl6