Union County star and Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1859-1864, 1864-01-01
u. S. 5-20's.


The secretary Oh the treasury
has not yet gwen nOiicc oil any inienti"n 10
withdraw this popular Loan from sale al par,
and, until ten days notlce Is gwen, the un-
dersigned, as .Generai Subscription Agent"
will continue 10 supply the public.
The whole amount of the loan authorized
is Five Hundred Millions Of Dollars. Nearly
Four Hundred Millions have already been
subscribed for 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 Associa.
tons now organizing IN AL parts OF the coun-
nv, will, in a very short period, absorb the
balance. Sales have lately ranged from ten
10 fifteen millions weekly, frequently exceed
ing three millions daily; and as II is well
known tina, the Secretary Of the Treasury has
ample and unfalIing resources. IN the duties
On imports and internal revenues, and in the
issue Of the interest-bearIng legal tender
Treasury Notes, II Is almost a certainty that
he will not find 1t cessary, for long time
10 come TO seek market tor any other long
or permanent Loans, the Interest and Princi-
pal OF which are payable IN gold.
Prudence and selt-Intrrest must force the
mi nds of those contemplating the formation
of National Banking Associations, 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 subscribing 10 this
most popular Loan. 1t will soon be beyond
their reach, and advance to a handsome pre-
MUM, as was the result with the Seven
Thirty" Loan, when IL was all sold and coud
no longer be subscribed for at par.
lS-It is a six per cent. Loan, the interest
and principal payable in coin, Qhus yielding
over nine per cent per annum al the present
rate OF premium on coin.)
The Government requires all duties on i'm
ports to be paid in CON these duties have
for long Tune past amounted 10 over
quarter OF million of dollars daily, a sum
nearly three times greater than that required
in the payment of the interest on all the 5-20'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 10 resume specie payments upon all
Liabilities.
The Loan is called 90 from the fact. that,
whilst The bonds nav run FOR 20 years. yet
the Government has a right 10 pay them oil
in gold, a par, at any time after years.
The Interest IS paid halt-yeariy, VIZ: on
the first days OF November and May.
Subscribers can have Coupon Bonds,
WHICH dIc pay dtlsr 10 bftttIs anu dic 'sit.
500, $500, and $1,000; OF Reg iStered Bonds
of same denominations, and IN addition,
$4,000 and $1,000. For Banking purposes,
and for Investments Of Trust-monleS, the
Registered Bonds are preferable.
These 5-20's can not be taxed by States.
cities, towns, or counties. and the Govern
ment tax on them Is only one. and-a-halt per
cent, on the amount Of income, when the
income of The holder exceeds six hundred
dollars per annum. All other investments
such as incomes from mortgages, railroad
stock and bonds, etc, must pay from three
10 I'VE per cent. on the income.
Bauk AMI Bankers throughout the country
will conIlnue 10 dispose of the Bonds; and
all orders by mail, or otherwise, promptly
attended TO.
The Inconvenience of a few days delay m
the delivery Of the Bonds is unavoidable, the
demand beir 50 great; but, As interest com
menceS from the day of subscription, no loss
is occasioned, and every effort is being made
TO diminish delay. JAY (OOIaE.
SCBSC CRIPTION AGENT.
III Soiuh Third Street. Philadelphia
Philadelphia, November -, 1868.