The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1864-02-06
United States 5-2Os.

7NHE Secretary Of the Treasury has not yet
/ given notice of any intention to withdraw
this popular lean from sale Mt 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 Is
Five Hundred Millions of Dollars. Nearly four
k2ndTeI millions hare already Teen subscribed for
and paid into the treasury, mostly within seven
months past. The large demand from abroad, and
the rapidly Increasing home demand for as
the basis for circulation by National Banking
Associations now organizing in all parts of the
country, will, IN "a very short time, absorb the
balance. Sales have la teiy ranged from ten to
to fifteen millions weekly, frequently exceeding
three millions daily, and asst is we'll known that
the Secretary of the Treasury has ample and I'M
failing resources in the Duties on Imports and
Internal Revenue, and In the issue of the Inter
est-bearing Legal Tender Treasury Notes, it is
almost certainty that he viii not fad it necessary
for q long time to come to seek market for any
other long or permanent loans, the interest or
principal Of which are payable in GOLD.
Prudence and selfinterest must force the minds
of those contemplating the formation of National
Banking Associations well 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. It
will soon be beyond their reach, and advance to
a handsome premium was the result with the
'tSeven- Thirty Loan, when 1t was all sold and
could no longer be subscribed for at par.
1t is a six per cent Loan, the Interest and PTin-
clpaI payable IN coin, thuS YleislfsS over Nine
per cent. per anRum at the present rate of prem
ium coin.
The Government requires all duties on imports
to be pain in Coin; tbs sc duties have for long
! time past amounted to over a Quarter of Mil
lion Of Dollars daily, u nearly three times
greater than that required in the payment of thS
! interest en- all the 5-20s and other permanent
loans. So that il is hoped that the surplus coin
in the Treasury at distant day ill enable the
! United States to resume specie payments on all
! liabilities.
The Loan is called $40 from the fact that
whilst the Bonds may run for 20 years, yet the
fGovernment has a right to pay them off in Gold,
at par, at any time after ) years.
THE INTEREST IS PAID HALF YEAR
! LY Wis: on the lst days of November and May
! Subscribers have Coupon Bonds, which
are payable 20 bearer, and are $50, 500, $780,
! and 81 600; or Registered Bonds Of same demon
! nations, and in addition $4,000 and $4,000
| For Banking purposes and for investments Of
| Trust moneys the Registered Bonds arc prefer
! able.
These COS cannot ,he taxed by States, cities,
| towns, or counties; the Government tax on them
is only one-and 2-half per cent. on the amount of
income, when the income of the holder exceeds
! Six Hundred Dollars per annum; all other in
| vestments such as income from NJ rtgages, Rail-
| road Stock and Bonds. etc, must pay from three
to FIVE per cent. tax on the income.
Banks and B-nlers TIN oughout 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 is unavoidable the de-
! mand being 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 jamie