The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-02-03
Ut. s. 5-2O'S.

H SECRETARY OF THE TREASURY ha
not yet given notice of any intention to Withdraw
this popular Loan from Sale at Par and until ter
days notice is given, the undersigned. as "GENER
supply the public.
The whole amount of the Loan authorized is Five
Hundred Millions Of Dollars. NEARLY FOUR
HUNDRED MILLIONS HAVE BEE ALREADY
SUBSCRIBED o 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 now
organizing in all parts of the country, will in a
very short period, absorb the balance. Sales have
lately range1 from ten to fifteen millions weekly
frequently exceeding three millions daily, and q,
itsis well known that the Secretary of the Treasury
has ample and unfailing resources in the Duties on
Imports and Internal Revenues, and in the issue of
| the interest bearing Legal Tender Treasury Notes.
it is almost g certainty that he will not find it neces-
sary, for a long time 70 come, to seek a market for
any other long Ur permanent Loans, THE INTER-
EST AND PRINCIPAL OF WHICH ARE PAYA-
BILE IN GOLD. ,o 3zla
Prudence and self interest must force the minds
of those contemplating the formation of National
Banking Associa ions, 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 a handsome
premium, as was the result with the ssSeven Thirty
Loan, when it ives all sold and could no longer be
subscribed for at par.
IT is a SIX E CENT LOAN, THE IN
b1EO4 NJ h1NOlEA ABLE IN COIN
YIELDING OVER NINE PER CENT. PER
ANNUM at the present rate of premium on coin.
The Government requires all duties on imports
10 be paid in Coin these duties have for n long
time past amounted to over a Quarter of q Million
of Dollars daily, a sum nearly three times greater
than that required in the payment of the interest
on all the 5-2O's and other permanent Loans. So
that it is hoped that the surplus Coin in the Urea.
sury. at no distant day, will enable the United
States to resume specie payments upon all 1iabili
ties.
The Loan is eallod 500 from the fact that whilst
the Bonds may run for 20 years yet the Govern
ment has a right to pay them off in Gold at par, at
any time after a year.
5 THE INTEREST IS PAID HALF.YEARLY.
viz on the first day Of November and May.
Subscribers can have Coupon Bonds, which are
payable to bearer. and $50, 500, $500, and $1,000;
or Registered Bonds of same denominations, and
in addition, $4,000 and $4,000, For Banking
purposes and for Investments of Trust-monies the
Registered Bonds are preferable.
These 5 POS cannot be taxed by States, cities,
towns or counties, and the Government tax on
of income, when the income of the holder exceeds
Six Hundred dollars per annum all other invest
such as income from Mort Railroad
Stock and Bonds ETC., must pay from thr3s TO FIVE |
per cent taxon the income.
Banks and Banke rs throughout the Country will
ontinue to dispose of the Bonds and all orders
b = mail, or otherwise promptly attended 10.
The inconvenience of a few days delay in the |
delivery of the Bonds is unavoidable, the demE nd
being so great; but as interest commences from |
day. of subscription, no loss is occasioned, and
every effort is being made to diminish the delay. !,
JAY COOKE,
SUBSCRIPTION AGENT,
III SOUTH THIRD STREET, PHILA.
December o, 1863-n27