The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1864-02-27
United States 5-.HOs.

(SNHE Secretary of the Treasury has l. - - =.
II given notice of any intention to wlthdle
this popular loan from sale ut 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 ia
Five Hundred Millions of Dollars. Nearly four
hundred millions hare already Teen subscribed JOJ
and pad 'nto the Treasury, mostly WITHIN sever
months past. The large demand from abroad on,
the rapidly increasing nome demand for use a,
the basis for circulation by National Banking
AsScclaue1s now organizing in all parts Of the
county, will, In n very short time, absorb the
"Iance. Sales have lately ranged from ten Il
TO fifteen millions weekly, frequently exceeding
three millions daily, and as it is well known that
the Secretary of the Treasury has ample and
failing resources in the Duties on Imports an
Internal Revenue, and in the issue Of the Inte1
est-bearing Legal Tender Treasury Notes, it
almost certainty that he viii not fad it necess-~
for q long time to come to seek market for any
other long or permanent loans, the int crest =,
principal Of which payable in CO., n
Prudence and selfinterest must fo re The min ds
of those contemplating the forma' ,on of National
banking Associations as wei as the minds OF
all who have idle money IL their hands, to the
prompt conclrslon that t,ney should lose no time
will soon be beyond. their reach, and advance tc
handsome premium, as was the result with the
"Seven- Thirty" Loan, when it was all sold auC
could no loug, er be subscribed for at par.
1t is q SIX per cent Loan, the Interest and Pyin
cipal payable in Coin, thus yielding over Min,
per cent per annum at the present rate OF prem
ium on coin.
The Government requires all duties on import
to be pain in Coin; these duties have for lOnj
time past amounted to over Quarter of Mil
lion of Dollars daily, q sum nearly three time
greater than that required in the payment of tn
interest en- all the 5-20s and other permane1
loans So that ii is hoped that the surplus coli
lin the Treasury at no distant day will enable tn
United States to resume specie payments on al
liabilities.
The Loan is called $50 from the fact tia
whilst the Bonds may run for 90 years, yet tn
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 LIST days of November and MAY
Subscribers can have Coupon Bonds, whic
are payable 10 bearer, and are $50, 500, $50,
and 81 600; or Registered Bonds Of same demon
nations, and in addition $4,000 and SI0,00t
For Banking purposes and for investments c
Trust-moneys the Registered Bonds are prefer
able.
These pos cannot be taxed by States, cite.
towns, or counties; the Government tax on theI
is only one-and-a-half per cent. on the amount c
income, when the income Of the holder exceed
Six Hundred Dollars per annum; all other in
VestInents, such as income from Mortgages, Raj
road Stock and Bonds, etc. must pay from thre
20 FIVE per cent. tax on the income.
Banks and Bankers throughout the countr
will continue 10 dispose of the Bonds; and a
orders by mail, or otherwise, promptly attende
to.
The Inconvenience Of a few DAYS DELAY in tn
delivery of the Bonds is unavoidable, the i,
mand being so great; but as interest commence
from the day Of subscription no loss is occasion
ed. and every effort is being made to diminish Ii
delay. JAY COOKE.
Subscription Agent, ia South Third stree
Philadelphia. SCOTT, KERR & CO., Agent
Leavenworth, Kansas. [janI6