The Union. [volume] (Georgetown, Del.) 1863-1866, 1864-01-01
". 9. 5-2O.S.

The Secretary of the Treasury has not yet given
notice of any intention to withdraw this popular
Loan from Sale al Par, and until ten days notice is
given, the undersigned, General Subscription
AgeRt," will continue to supply the public.
The whole amount of the Loan authorized is Five
Hundred Millions of Dollars. Nearly -Four Hun
dred Millions have been already 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 a. the ba-
sis for circulation by National Banking Assoca-
tons now organizing in all parts of the country,
will in a very short period, absorb the balances
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 nnlailing resources in the
Duties on Imports and Internal Revenues, and in
the issue of the Interest bearing Legal Tender
Treasury Notes, il is almost certainty that he will
not find it necessary, for long time to come, to
seek market for any other long or permanent
Loans, the interest and principal Of which pay
able in GOLD.
Prudence and self interest must force the minds
of those contemplating the formation of National
Banking Association, 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 sub
scribing to this most popular Loan. 1t will
be beyond their reach, and advance to handsome
premium, was the result with the " Seven Thirty"
Loan, when it all sold and could no longer be
subscribed for ut par.
1t is Six per Cent Loan, the Interest and Prin-
eipal payable i'll Conn., thus yielding Nine per
Cent. per annum at tho present rate of premium on
coin.
Tho Government quiIes ull duties imports "
be paid in Coin these duties have for Il long time
past amounted to Quarter of Million of
Dollars daily, nearly three times greater than
that required in the payment of the interest all
the 5-20's and other permanent Loans. So that it
is hoped that the surplus Coin in the Treasury, at
distant day, will enable the United States to re-
sumo specie payments upon all liabilities.
l. III Al. AaN-- -
the Bonds may for 20 years yet the Government
has a right to pay them oil in Gold at par, at any
time after years.
The Interest is paid halfyearly, viz: on the first
days of November and May
Subscribers can have Coupon Bonds, which are
payable to bearer, and are $50, 800, $780, 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 tho
Registered Bonds preferable.
These 5-20's cannot be taxed by States, cities,
towns countless and the Government tax on them
is only one-and- a-half per cent on the amount of
income, when the income of the holder exceeds Six
Hundred dollars per annum; all other investments,
such as income from Mortgages, 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 orders by
mail or otherwise promptly attended to.
The inconvenience of a few days delay in the
delivery of the Bonds is unavoidable, the demand
being so great; but interest commences from the
day of subscription, loss is occasioned and every
effort is being made to diminish the delay.
JAY COOKE,
SUBSCRIPTION AGENT.
ia South Third Street, Philadelphia.
December 4, 1sG3.-2G.