The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1864-01-05

The Secretary OF the Treasury has not yet Civ.
en- notice OF any intention to withdraw this popular
Loan from Sale at Par, and until aher ten DAYS no
tice has been given the undersigned as Agents for
the sale OF the Bonds, VIII continue 10 supply The
public
The whole amount II the loan authorized is Five
Hundred Millions Of Dollars Nearly -Four Humid
reBd Millions have been already subscribed for
and paid into the Treasury mostly within the last
seven months. The large demand from abroad. and
Tie rapidly Increasing home demand for use as the
basis for circulation by National Banking Assoeia.
tons, now organizing in all parts Of the country, viii
in very short period, absorb the balance Sales
have lately ranged from ten to fifteen millions week
y, frequently exceeding three millions daily, and #
Is well known that the Secretary Of the Treasury has
ample and untailing resources Ia the Duties and I'm
ports and Internal Revenues and in the issue o. the
Interest Bearing Legal Tender Treasury Notes il IS
almost certainty that he viii not find it necessary
for long time to come 70 seek market for any 9th
er long or permanent Loans THE INTEREST AND
| PRINCIPAL OF WHICH ARE PAYABLE IN
GOLD.
Prudence and selfintcres must force the minds Of
those contemplating the formation Of National Bank
ing Associations, as wei as the minds Of all who
have idle money on their hands to the prompt con
cusion that they should lose no time IN subscribing
to this most popular Loan. 1t win soon be beyond
their reach, and advance to handsome premium, as
was the result with the seven Thirty" Loan. when
II Was all sold and could longer be subscribed for
at par.
IL is Six per Gent. Loan, the Interest aud
Principal payable In Coin, thus yielding over
Nine per Cent per annum at the present rate Of
premium on coin.
The Government requires all duties on Imports to
be paid In Coin; these duties have for a long time
past amounted to overa
Quarter of a Million of Dollars daily.
sum nearly three times greater than that required
IN the payment Of the interest on all The 520s and
other permanent Loans So that It Is hoped that the
surplus Coin In the Treasury at no distant day viii
enable the United States to resume specie payments
upon oil liabilities
The Loan Is called b2O from the fact that while the
Bonds may ran for years, yet the Government has
right to pay them of in Gold, al par, at any time
after years
The Interest IL paid half-yenrly, viz: on the
first days Of November and May.
Subscribers can have Coupon Bonds which are
payable to bearer, and are $50 tloO lp and 81 900
or Registered Bonds Of same denominations and in |
addition, $1,000 and $4,000 For Banking purposes
and Tor Investments Of Trust-nonies the Registered
Bonds are preferable
These 5.20's cannot be taxed by States. Cities
Towns, or Counties and the Government tax on them
Is only one and half per cent on the amount o. in
come, when the income Of the holder exceeds Six
Hundred Dollars per annum all other investments.
such as income from Mortgages, Railroad Stock and
Bonds etc, must pay from three to i've per cent tax
on the income
Banks and Bankera throughout the country viii
continue to dispose Of the Bonds and all orders sent
to US direct BY mail, otherwise will b. promptly
attended TO.
The Inconvenience Of few days delay ~ the de-
livery Of the Bonds is 81 times unavoidable the de-
nand being 50 great; but as interest commences
rom the day Of subscription no loss is occasioned
fort is being made 70 deliver the Bonds as prompt
y IS possible