The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1864-01-21
u. s. 5-2O'S

The Secretary of the Treasury has not yet
given notice of any intention to withdraw this pop
ular Lean from Sales at Par, and until ten days
notice is given, the undersigned. as s. General
subscription AGENT will continue TO supply
the public.
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars. Nearly -Four
Hundred Millions hare 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 as the basis for circulation by National
Banking Associations, organizing in all parts Of
the country, WILL in very short period, absorb
the balances. Sales have lately ranged from ten
to fifteen millions weekly, frequently exceeding
three millions daily, and it is well known that the
Secretary of the Treasury has ample and unfaing
resources in the Duties on imports and Internal
Revenues, and in the issue of the Interest bearing
Legal Tender Treasury Notes, it is almost GER
tainty 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 PRIN-
CIPAL OF WHICH ARE PAYABLE in GOLD.
of those contemplating the formation of National
Banking Associations, 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 sub
scribing 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, when it was all sold and could no
longer be subscribed for at par.
1t as Sir per Cent Loan, tie Interest and Prin-
cipal Payable in Coin, thus yielding orer Nine per
Cent per annum at the present rates of premium
on coin. g
The Government requires all duties imports
to be paid in Coin; these duties have for long
time past amounted to over Quarter of Million
Dollars daily a sum nearly thre9 ines greater
than that required in the payment OF the interest
all the 5-20s and other permanent Loans SO
that it is hoped that the surplus Coin in the
Treasury, at no distant day, will enable the United
States to resume specie payments upon all liza
bllites
The Loan is called $40 from the fact that whilst
the Bonds may run for 20 years yet the Govern
ment has right to pay them off in Gold at par, at
any time after years.
THE INTEREST is PAID HALF-YEARLY,
viz: on the first days of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer, and are $50, 800, $500 and
$1,000: or Registered Bonds of same denomina-
tons, and in addition, IS 600, and $40 600. For
Banking purposes and for investments of Trust
monies the Registered Bonds preferable.
These 5-2Os cannot be taxed by States, cities,
towns, or counties, and the Government tax on
them is only one-and-ahalf per cent, on the
amount Of income when the income of the holder
exceeds Six Hundred Dollars per amman; all 9th
er 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 Bonds and all orders
by mail, or otherwise. promptly attended to.
The inconvenience of few days delay in the
delivery of the Bonds are unavoidable, the de-
mard being so great; but as interest commences
from the day of subscription. no loss is occasioned,
and every effort is being made to diminish the
delay.
JAY COOKE.
.; SUBSCRIPTION AGENT.
ia SOUTH THIRD STREET, PHILADELPHIA.
Philadelphia, Ncv 25, 1868. decl0-34m3