Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-02-04
!. =. e5-0O's.

| TE7IIE Secretary Of the Treasury has not vet
| / given notice of any intention to withdraw
| this popular Loan from Sale at Par. and until
! 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 NealFa
Four Hsad'e3 -nM'oas hare jeeu all'eady sab
ScrJed To5' and paid i,.to The Treasury, mostly
within the last seven months. The large de-
manl 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 I'M
ports and Internal Revenues, and in the is
sue of the Interest bearing Legal Tender
Notes, it is almost a certainty that he vii
not find 1t necessary, for a long time to come,
to seek a market for any other long or per
mancnt Loans, TIE INTEREST AMP PRIHCIPAL
or WHICH ARE PAYABLE II GOLD
Prudence and scii-inteTcst must force the
minds Of those contemplating the formation
Of National Banking Associations, IS well AZ
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 b3voud
their reach, and advance to handsome pre-
mlum, as was the result with the "Sevcn
Thirty" Loan, when it was all sold and could
no longer be subscribed for at par
It Is Sc per CAst loan, the Interest and
Pr;nciPol j'ayaJ@e IL Coin, d1.ss yie2I;uq erer
alaf, /To-,{ Il,
of premium on coin.
Thc Government requires all duties on i'm
ports to be paid in Coin; these duties have
for long time past amounted TO over a Quar-
ter of a Million Of Dollars daily, a sum near
Iy 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 to resume specie payments upon all
liabilities.
The Loan is called $50 from the fact that
whilst the Bonds may run for 20 years, vet
the Government has right to pay them off
III Gold at par, at any time after ) years.
HE 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 are $50, S1O0.
5000, 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 5-2O's cannot be taxed by States
cities, towns or counties, and the Government
tax on them is only one-and a-haIf per cent
on the amount Of income, when the income
of the holder exceeds Six Hundred dollars
per annum; all other investments, such as
inceme 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
l. 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,
III South Third Street, Philadelphia.
Philadelphia, November 2j, 1868. 51m2