The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1864-01-23
United States 5-2Os.
TOPEKA, January 18th, 1864.

T1HE Secretary of the Treasury has not vet
Il 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 20 supply
the public.
The whole amount Of the Loan authorized is
Five Hundred Millions of Dollars. Nearly four
huadrsd millions hare already been subscribed for
and paid tEt0 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, viii, in a very short time, absorb the
balance. Sales have lately ranged from ten to
to fifteen millions weekly, frequently exceeding
three millions daily, and asst Is well 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, 1t is
almost certainty that he VIII not fad it necessary
for long time 10 come TO seek a market for any
other long or permanent loans, the interest
principal of which payable IN GOLD.
Prudence and self-inteFest must force the minds
of those contemplating the formation of National
Banking Associations as well as the minds of
all who have idle money IN their hands, to the
prompt conclusion that they should lose time
in subscribing to this most popular Loan. Il
will soon be beyond their reach, and advance to
q handsome premium, as was the result with the
Seven Thirty" Lean, when it was all sold and
could longer be subscribed for at par.
1t is q six per cent Loan, the Interest and PIN
cipal payable in Coin, thus yielding over Nine
per cent. per annum at the present rate Of prem
ium on coin.
The Government requires all duties on imports
10 be pain in Coin; those duties have for a long
time past amounted to over Quarter of a Mil
lion OF Dollars daily, sum nearly three times
greater than that required in the payment of the
interest en- all the 5-20s and other permanent
loans. So that il is hoped that the surplus coin
in the Treasury at no distant daywill enable the
United States TO resume specie payments on all
liabilities.
The Loan is called $50 from the fact that
whilst the Bonds may for % years, yet the
Government has 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
payable 20 bearer, and are $50, 500, $500,
and 81 goo; or Registered Bonds Of same denom-
nations, and in addition s. 900 and $4,000.
For Banking purposes and for investments of
Trust moneys the Registered Bonds prefer
able.
These 5. COS cannot be taxed by States, cities,
towns, or counties; the Government tax on them
is only one-anda-half per cent. on the amount of
income, when the Income of the holder exceeds
vestments, such as income from Mortgages, Rail-
read Stock and Bonds. etc. must pay from three
20 FIVE per cent. tax the income.
Banks and Bankers throughout the country
viii continue TO dispose of the Bonds; and all
orders by mail, or otherwise, promptly attended
The Inconvenience of a few days delay in the
delivery Of the Bonds Is unavoidable, the de-
mand being great but Is interest commences
from the day of subscription 10 loss is occasion
cd, and every effort is being made to diminish the
delay. JAY COOKE.
Subscription Agent, ia South Third street,
SCOTT, KERR & CO., Agents,
LeaYen worth, Kansas. LjahI6