Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-02-11
JTNITE D STATES 5.2o's.

"
The Secretary Of the Treasury has no, yet CIV
en- notice Of any intention TO withdraw this popu-
lar Loan nom sale at Par, and until after ten
days nstiee has been given, the undersigned, W.
Agents for the sale OF TIE Bonds, will continue to
supply the public. ..-. = aea III
The whoe amount Of the loan authorized Is
Ave hundred millions Of dollars, Nearly four
hundred mi lions have been already subseiited
for and paid irle the treasury, mostly within the
lsft seven months. The large demand from
abroad, and the rapidly increasing home demand
for use as the basis for circulation by National
Banking Assoeia ions, now organizing in all parts
OF the country, will, in very fhoit period, alb
serb The balance. Sails have lately ranged from
ten to firee-. millions weekly, frequently exeed-
Ing three millions daily, ana d h Is well known
that the Secretary Of the Treasury has ample and
unfailing resources in the Duties and Imports and
Internal Revenues, and in the issue Of the inter-
est bearing Legal Tender Treasury Notes. it Is al
most certainty that he will not find 1t necessary
for a tong time TO come TO seek market for any
other long or permanent Loans, the interest and
principal Of which are payable in GOLD.
Prudence and self-interest must force the minds
Of those contemJ lating the formation Of National
Banhing 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 TO this most popular Loan twill
soon be beyond their reach, and advance 10 .
handsome premium, as was the result with the
"Seven-Thirty" Loan, when it was all sold, and
could no longer be subscribed for at par.
IL Is = Nh per &C lt.LOhn, the interest ana prln-
cipa paysble in Coin. thus yielding over nine
per cent per annum, at the present rate Of pre-.
MUM on coin. u, s#,
The Government requires all duties on imports
70 be paid in coin; these duties have for long
time past amounted to over
QUARTER OF A MILLION OF DOLLARS
DAILY,
A sum early three times greater than that re-
quired in the payment Of the interest on all the
5-20's and other permanent Loans. So that il 10
hoped that the surplus coin in the treasury, at no
distant day, will enable the United tates to re-
sumo specie payments upon all liabilities.
The Loan is called $40 from the fact that while
the Bonds may run for twenty years,yet the Gov
eminent has right to pay them of in Gold, ut
par, a. any time after five years.
The interest is paid half-yearly, viz: on the
FIRST days of November and May.
Subscribers ca have coupon Bonds, which are
payable to bearer, and are $50, tlOo, $500, and
$1,000; or registered bonds Of same denomina,
tons, and in addition, 5000 and 10000. For
Banking purposes and for investments of Trust
monies, the Registered Bonds are preferable.
These s-20's cannot be taxed by states, cities,
towns or ties, and the government tax on
them is only one and a half per cent on the
an cunt Of income, when the income of the hold
er exceeds six hundred dollars per annum; all
other investments, such as income from mort
cages, railroad stock and bonds, ETC., must pay
from three to five per cent tax on the income.
Banks and Bankers throughout the country
will continue to dispose OF the bonds and all or
ders sent to us direct by mail, or otherwise, will
be promptly attended TO.
The Inconvenience of a few days delay in the
delivery of the bonds is at times unavoidable, the
demand being great but as interest commences
from the day of subscription no loss is occa-
stoned, and every effort is beirg made to deliver
the bonds as promptly as possible.
FISK l. HATCH, Bankers,
And dealers in sill classes of Government securi-
ties and U. s. $40 Loan Agents, IS Wall ST., New
York. .rr...
~ Deposits and Bankers accounts received
on favorable terms.
~ Stocks, Bonds and Gold, bought and sold
strictly on commission for cash. declo:d&wlm