Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-01-21
u. S. 5-@O's.

T1HE Secretary of the Treasury has not vet
L given notice of any intention to withdraw
this popular Loan from Sale at Par, and unit
ten days notice is given, the undersigned, as
GENERAL SUBSCRIPTION AGENT" will contin
ue to supply the public.
The whole amount of the Loan authorized
is Five Hundred Millions of Dollars Nea,I.
-Four Hsnd,-ea jfalions hare been alfea9u sab
| scrrbed for and paid into tie Treasury, mostly
within the last seven months. The large de.
mana from abroad, and the rapidly increas
ing home demand for use as the basis for cir.
culation by National Banking Associations
now organizing in all parts Of the country,
will, in a very short period, absorb the bal
, ance. Sales have lately ranged from ten to
fifteen millions weekly, frequently exceeding
three millions daily, and as it is well known
that the Secretary of the Treasury has ample
and untailing resources in the Duties on In
ports and Internal Revenues. and in the is
sue of the Interest bearing Legal Tender
Notes. it Is almost a certainty that he wi. /
not find it necessary, for a long time to come,
to seek market for any other long or per
manent Loans, THE INTEREST AMP PRINCIPAL
OF WHICH ARE PAYABLE IN GOLD.
Prudence and selfinterest must force the
minds OF those contemplating the formation
OF National Banking Associations, as well as
.he minds of all who have idle money on their
hands, to the prompt conclusion that they
should lose no time in subscribing to this
most popular Loan, 1t will soon be b:vond
their reach, and advance to a handsome pre-
mium, as was the result with the "Seven
Thirty" Loan, when it was all sold and could
no longer be subscribed for at par.
1t is a Sir per C3d. Loan, the Interest and
Principal payable III Coin, thus yie2zing ogcr
Nine per Cent per a'anuna at the present rate
of premium on coin.
The Government requires all duties on i'm
ports to be paid in Coin; these duties have
Tor a long time past amounted to over Quar-
ter of a Million of Dollars daily, sum near
ly 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 Treasury,
at no distant day, will enable the United
States to resume specie payments upon all
liabilities.
The Loan is called $40 from the fact that
whilst the Bonds may run for 30 years, vet
the Government 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 NAV.
Subscribers can have Coupon Bonds, which
are payable to bearer, and arc $50 500
$500, and $1,000; or Registered Bonds of
same denominations, and in addition, IS 900
and $4,000. For Banking purposes ana for
investments Of Trust-monies, 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 a-half per cent
on the amount of income, 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 five per
cent. tax On the income.
Banks and Bankers throughout the Coun-
try will continue to dispose of the Bonds :;
and all orders by mail, or otherwise, prompt
ly attended to.
The Inconvenience of few DAYS delay in
the delivery of the Bonds is unavoidable, the
demand being so great; but as interest COM
mences from the day of subscription, no loss
is occasioned, and every effort is being made
to diminish the delay.
JAY COOKE,
Subscription Agent,
II South Third Street, Philadelphia
Philadelphia, November 25, 1853. 5lm2