The Union. [volume] (Georgetown, Del.) 1863-1866, 1864-02-12
U. 8. 5-2O'S.

The 9eoretary of the Treasury has not yet given
notice Of any intention to withdraw this popular
loan from Sale ae Par, and until ten days notice Il
given, the undersigned, as General Subscription
AgeSt," will Continue to supply the publis.
The whole amouat Of the Loan authorized is Five
Hundred Millions Of Dollars. Nearly Four Hun
dred 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 - thu ba-
sis for circulation by National Banking Assooia-
tons now organizing in MI parts Of the country,
will, In very short period, absorb the balsrces-
Sales have lately ranged from ten 20 fifteen niHioGs
weekly, frequently exceeding three millions dsily,
and as il is well known that the Secretary q the
Treasury has ample and mailing resources IN the
Duties On Imports and internal Revenues, and in
the issue OF the Interest bearing Legal Tender
Treasury Notes, II Is almost certainly that lie will
not find il necessary, for long time to come, TO
ssek g market for ANA other long or permanent
Loa's, the interest and Principal Of which arc pay
able in uoLD.
Prudence and sell interest must force the minds
Of those contemplating the formation Of National
Banking Association, as well as the minds Of all
who have idle money their hands, to the pre-
conclusion that they should lose no time in sub
seiihng to this most popular loan. 1t will soon
be beyond their reach, and advance to a handsome
premium, WIS the result with the seven Thirty"
Loan, when 1t was all sold and could no longer be
subscribed for at par.
II is Six ler Cent Loan, the Interest and Prin-
cipal payable in Coin. thus yielding oven Nine pei
Cent. per annun at the present rate # premium on
! coin.
| Tho Government requires AL duties en- imports /,
be paid in Coin these dsties have for long time
past amounted 10 Quarter of Million Of
Dollars daily sum nearly three times greater than
that required in the payment Of the interest I'll
the 5-2Us and other permanent Loans. So that II
is hoped that the surplus Coin in the Treasury al
distant day, will enable tho United States to re-
sumo specis payments upon all 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 off in Gold ct par, at any
time after years M
The Interest is paid hall-yearly viz on the first
days of November and May.
Subscribers eau have Coupon Bonds which arc
payable to bearer and $50, Sl00, $500, and
$1,000; Registered Bonds Of same denominations,
and in addition, $4,000 and $4,000. For Banking
purposes aud Tor investments Of Trustmonies the
Registered Bonds preferable.
These 5-2O's cannot be taxed by States cities
towns or counties, and the Goyernmenttax 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 annunl; 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 Bankers throughout the Country will
continue to dispose of the Bond. and all orders by
man o. otherwise promptly attended to.
lie Inconvenience of few days delay in the
delivery OF the b nds is unavoidable, the demand
being so great but interest commences from the
day of subscription 10 loss is oeoasioned and every
et,rt is being made to din :nish the delay.
JAY COOKE
SUBSCRIPTION AGENT.
liz South Third Street, Philadelphia.
December t. lSba.-=0