The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1864-01-07
]. 5. $40 5

The Secretary CT the Treasury has
mol yet given notice 81 any Intention 10 with
draw this popular Loan from Sale at Par.
and until ten siai nosi.e Is given. the Under
sighed. as GENERAL SUBSCRIPTION AGENT"
will continue to supply the public.
The whole amount of the Loan authorized is
Five Hundred Millions of Dollars Nearly
Four Hundred Millions hare been alreaay sub
.csfbedtor ard pad into the Treasury, mostly
within the last seven months. The large de-
mand f. n abroad, and the rapidly increasing
home d. ID for use IS the basis for circula-
ton by National Banking Associations now
organizing in all parts Of the country, will,
in a very ehort PERIOD absorb the balance
Sales have lately ranged from ten to fifteen
millions weekly, frequently exceeding three
millions daily, and as it is well known that
the Secretary 81 the Treasury has ample and
unfailing recources in the Duties on Imports
and Internal Revenues and in tie issue Of
the Interest bearing Legal Tender Treasury
Notes, 1t is almost q certainty that he will
not find it necessary, for q long time to come
to seek q market for any other long or pernia
nent Loans, TIE INTEREST AND PRlNCI-
PAL UF WHICH ARE PAYABLE IN GOLD
Prudence and self Interest must force the
minds Of those contemplating the formation
of National Banking Associ tons, rs well
as the minds of all who have idle money on
their hands, to the promt conclusion that they
should lose no time in subscribing to this
most popular Loan. 1t will soon be beyond
their reach, and advance to handsome pre-.
MUM, aswas the result with the Seven
Thirty" Loan, when it was all sold and could
no longer be subscribed for at par
It is Six per Cent Loan. the In
terest and Principal payable in
| Coin. thus yielding Nine per cent.
per annuu 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
! for q long time pas. amounted TO over Quar-
ter CT Million of Dollars daily, a sum nearly
| three times crea.er than that required in the
payment Of the interest all the 5-sG'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 5-3f from the fact thai
whilst the Bonds may run for 20 years yet
the Government has right 10 pay them of in
Gold at par, at any time o ter years
The Interest is paid half yearly.
viz : on the first day Of November md May.
Subscribers can have Cupcn Bonds Nhi.h
are payable 10 bearer aud are $50, $500 $500
aud $lOOo, or Registered Roads of same as>
! nominations, ana in addition. 5000, and
$4,000, For Banking purposes anl Tor in
vesiments Of Trust monies the Registered
Bonds are preferable
/ Thes. 5,2os cannot be taxed by States, cit
res, to vns or counties, AMI the GoyernEent
tax on them is only one ard hall pr CENT
on the amount Of income, when the income Of
| the holder exceeds Six Hundred dollsrs per-
annum all other Investments, sseh as IN
come from Mortgages, Railroad Stock and
Bends, etc, mus! pay from three 10 five per
ccnt:ta on the income
i Banksaad Bankers throughout the Coum-
try will continue TO dispose Of tho Bonds;
and all orders BY mail or otherwise prompaiy
attended to.
The inconvenience Of few days delay in
the deliveoy Of the Bonds is unavoidable, the
demand being sogreas; ha. as interest com-
merces from the day Of subscription no loss
occasioned, sud every effoItis being MAIDS
| diminish the delay.
JAY COOKE,
SUBSCRIPTION AGBNr
ia Soath Third Street; Philadelphis, Pa
! philadelphia, November Is, 1862, v5a5ol u