The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-01-27
u. 8. 5-2O,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
sGENERALSUBSCRIPTIONA AGENT
will continue to supply the public.
The whole amount of the Loan author
zed is Five Hundred Millions of Dollars
NEARLY. FOUR HUNDRED. MIL.
LIONS HAVE BEEN ALREADY
SUBSCRIBED 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 fo. cir
culation by National Banking Associa-
tions now organizing in all parts of the
country, will, in a 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 well 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 a certainty
that he will not find it necessary, for
long time to come, to seek 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 Associa-
tions, as well as the minds of all who have
idle money on their hands, to the prompt
conclusion 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,
ween it was all sold and could no longer
bh subscribed for at par
IT IS A SIX PER CENT LOAN,
THE INTEREST AND PRINCIPAL
PAYABLE IN COIN. THUS YIELD,
Ing OVER NINE PR CENT. PER
, ANNVM at The rate of premium on
+ coih.,
The Government requires all duties on
imports 10 be paid Coiu these duties
, have for long time rast ssmountcd to
f over a Quarter. of a Million of Dollars
! daily, sum nearly three times greater
than that required in the pa. .ment of tle
interest on all the. 5 20s and other per-
manent Loans. 90 that iris hoped that
, The surplus Coin in the Treasury, at no
. distant day, willenable the United States
r TO resume sleeie payments upon all la
bilities. ~
e The loan is called 20 from the fact
Z that Whilst the Bonds may run for O
: years vet the Government has a ri9h' 10
! pay them off in so.d at par, at any time
q after years.
THE INTEREST is PAID HALF
YEARLY, viz on the first days Of N,v.
cmber and May. 44
Subscribers lave Coupon Bonds, which
are payable to bearer, aAd are $50 SlU0
/. $50 and $1,000; OF Registered Bonds of
same denominations, and in addition,
$4,000 and Slo00e For Baking pur-
poses and for investments of Trust-moncs cs
the registered bonds are preferable.
/, These 520's cannot be taxed by States,
:. cities, towns or counties, and the Govern
c ment tax on them i. only ore and a-hali
= ler cent on ;he amount OF income, when
:, the income Of the holder exceeds six Hun
Il dreo dollars per annuM; all ether invest
nents. such as income from Mortgages
I, Railroad Stock and Bends. etc, must pay
= from three TO Ave per cent tax Oh the in
come.
, Banks and Bankers throus hout the
! Country will continue to disPosc of the
u Bonds; and all orders BY mail or other
= wise promptly attended to.
!, The ineon, enicncc ola few day S delay
: in the delivery Of the Banks is unavoida-
: hle, the demand being 50 great; but as in
i terest commences from the l.v of sub
Y Scriptiqn, no less is orcasioned. and every
; riyort is made 10 diminish the delay,
; JAY COOKE,
Subscri; sisn y ent
II sovTH THIRD STREET, PHILADELPHIA