The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1864-02-20
United States 5-2Os.

1NHE Secretary of the Treasury has not yet
4 given notice of any intention to withdraw
this popular loan from sale at par, and until ten
days notice is given the Undersigned, as "Gene-
raj Subscription agent viii continue TO supply
the public.
The whole amount of the Loan authorized Is
Five Hundred Millions of Dollars. NearEy fou,
hundred millions hare already teen subscribed fa,
and paid into The Treasury, mostly within sever
months past. The large demand from abroad, anc
the rapidly Increasing home demand for use a
the basis fer circulation by National Banking
Asso Citations now organizing in all parts of thu
country, viii, IN very short time, absorb the
| balance. Sales have lately ranged from ten Il
70 niteen millions weekly, frequently exceeding
three millions daily, and as it Is we'll known ths
the Secretary of the Treasury has ample and IL
failing resources in the Duties on Imports an.
Internal Revenue, and in the issue of the Inter
est-bearing Legal Tender Treasury Notes, il
almost certainty that he viii not fad it necessary
for long time to come TO seek a market for any
other long or permanent loans the interest o.
principal of which are payable in GOLD.
Prudence and selfinterest must force the minds
of those contemplating the formation of National
Banking Associations 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. II
will soon be beyond their reach, and advance to
! handsome premium, the result with the
"SeYen-Ihlrty' Loan, when it was all sold and
1t is a six per cent Loan the Interest and Pr;n
clpal payable in Coin, thus yielding over Min,
per cent. per annum at the present rate of prem
lum coin.
The Government requires all duties on import>
to be pain IN Coin; these duties have for lone
time past amounted to over Quarter of a Mil
lion of Dollars daily, nearly three times
greater than that required in the payment of the
interest on all the 5-20s and other permanent
loans. So that II is hoped that the surplus coip
he Tpa1 at
United States to resume specie payments on al
liabilities.
The Loan is called 500 from the fact thai
whilst the Bonds may run for D years, vet the
Government has right to pay them off in Gold
at par, at any time after wears
THE INTEREST IS PAID HALF YEAR
LY, Wis: on the lst days of November and Nav.
Subscribers can have Coupon Bonds. which
are payable 20 bearer, and are $50, 500, $500.
and 81 900; or Registered Bonds of same demon,
nations, and in addition 5000 and $4,000
For banking purposes and for investments Of
Trust moneys the Registered Bonds are prefer
able.
These 2Os cannot be taxed by States. cities,
towns, or counties; the Government tax on them
is only one-and-a-half per cent. on the amounf oI
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 TIN oughout the country
will continue 10 dispose of the Bonds; aud ali
orders by mail, or otherwise, promptly attended
to.
The inconvenience of few days delay in the
delivery of the Bonds is unavoidable, the de-
mand being so great; but as 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 d Co, Agents,
LeavenwOrth, Kansas. Iia6I6