The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-01-01
THE JEFFERSONIAN DEMOCRAT.
u. s. ,5-2O'S.

The Secretary Of the treasury
has not yet given notice of any intention to
witbdraw this popular Loan from Sale az
Par, ard until ten days notice is given, tho
undersigned, as "Gencrai S~ubscrip-
zion Agent will continue to supply the
public.
Tho whole amount of tho loan author.
lied is Fivc Hundred Million Of Dollars.
Nearly -Four Hundred Millions
have been already subscribed
for ANA paid into the Treasury,
mostly within tho last sovcn months. Tho
largo demand from abroad. and tho rapidly
increasing home demand for uso as tLo ba-
sis for circulation by National Banking As.
sociations now organizing in all parts of the
country. will. In a very short poriUd. absorb
tho balance. Sales have lately ranged from
ten to fftoon millions weekly, frequently
cxcccdiug three millions daily, and ns it Is
well known that tho Secretary Of tho Treas
ury has ample md unfaiiiug resources in
,ho Duties on Imports and ~Intprnal Rove.
uu-s. and in the issue of the INcrest bear.
ing Legal Tordcr Treasury Notes. it is al.
most a certainty that ho will not find it nee.
ussary, Tor a long tino to como, TO seek a
market for any othur long or permanent
Looms. THE INCREASE AND PRINCI,
PAL OF WHICH ARE PAYABLE IN
GOLD.
Prudence aud sclEintcrcst must forco the
minds Of those contemplating the formation
Of National Banking Associations, as vol a.
tho minds OF all who have lido money or
their hands, to the prompt conclusion that
thoy should lose no time in subscribing t.
this most popular Loan. 1t will soon &
beyond their roach. and advances to q hand.
some premium. as was tho result with the
"SBven Thirty" Loan, when it was all sold
and could 10 longer DO subscribed for o.
par.
at IS "a Six per Cent HOan. the
Interest ANA Principnl payable
tE' Cola, thus yielding over Nine
per Gent, peg annUsa at the present
race Ot premium on coin.
Tho GIyurHmeut requires all duties on
imports 10 be- paid in Coin those duties
hnvO for n long limo past amounted to over
IA Quarter OF n Million of Dollars, n sun,
noirly throe times greater than that re.
quircd in tho payment OF tho interest on all
mo 8 2Us and other permanent Loans. So
that it ia hoped that tho surplus Coin in
tho Treasury, ut no distant day, will on.
able tho United States to resume specie
payments upon all liabilities.
Tho Loan is called 8 20 from tho'fact that
whilst the Funds may run for 20 years, yet
the Government has a right to pay them of
in Gold at par, at any time after 5 wears.
The Interest is paid haIf-ycnr.
Is, VIZ on tho first days Of November and
May.
Subscribers can have Coupon Bonds.
which ara payable to bearer, and arc $50,
800, $500 and $1,000; or Registered Bonds
0t same denominations. and in addition
~. coo and 10000. For Blnking pur.
poses and for Investments of Tfust-mOnios
the Registered Bouds are preferable.
These ; POS cannot bo taxed by States.
towns or coun,iOs. and tho Govornmont tax
or t"on. i. only Que and q half per cent. on
tho amount of income, when tho income
Of tho holder exceeds Six Hundred dollars
per Hnuun: al! othor Investments, snch az
income from Mortgages, Rlilrold Stock
and Bonds, olc must pay from three to
five pcr cent on tho Income. .'....a.
Banks and Blnkors throughout tho C0un.
try will continue to dispose of tho Bonds
and all orders by mail promptly attended
TO.
Tho Inconvenience Of q few DAYS DELAY
in tho delivery of the Bonds ia unavoidable,
tho domnnd being 80 great but as interest
commences from tho day Of subscription,
no loss is occnsioncd, and every effort is be.
ing made to diminish tho doIav.
JAY COOKE,
SUBSCRIPTION AGENT,
ia SOUTH THIRD STREET. PHILADELPHIA.
Philadelphia, November %, 1868.
rOcmd