Union County star and Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1859-1864, 1864-01-08
n. S. 5-2O's.

The Secretary Of the Treasury
has not yet gwen notice oil any intention 10
withdraw this popular Loan from sale at par,
and until ten days notice is given, the un-
dersigued, a. ..General Subscription Agent"
will continue to supply the public.
The whole amount of Ihe loan authorized
is Five Hundred Millions of Dollars. Nearly
Four Hundred Millions have already been
subscribed for and paid into the Treasury,
mostly within the las, seven months. The
large demand from abroad, and the rapidly
increasing home demand, for Use as the basis
for circulation by National Banking Associa.
tons now organizing in all parts OF The couu-
iIy, will, in a very short period, absorb The
balance. Sales have lately ranged from ten
TO fifteen millions weekly, frequently exceed
ing three millions daily; and as it is well
known that the Secretary Of the Treasury has
ample and uniailing resources, IN the duties
on imports and internal revenues, and in the
issue Of the interest-bearing legal tender
Treasury Notes, il is almost a certainty that
he will not find II necessary, for long time
to come, 10 seek a market for any other long
or permanent Loans, the interest and prlnci-
pal of which are payable in gold.
Prudence and seltinterest must force the
minds Of those contemplating the formation
the minds OF all who have Idle money on their
hands, 10 the prompt conclusion that they
should lose no time in subscribing to this
most popular Loan. 1t will soon be beyond
their REACH and advance 10 a handsome pre-
MUM, as was the result with the .Seven
Thirty" Loan, when II was all sold and cou d
no longer be subscribed for at par.
Ig-It is a six per cent. Loan, the interest
and principal payable IN coin, (thus yielding
over nine per cent. per annum al the present
rate of premium on cOin.)
The Government requires all duties on i'm
ports to be paid IN com: these duiies have
for long time past amounted 10 over a
quarter Of a million of dollars daily, sum
nearly three times greater than that required
in the payment Of the interest on all the 5-2O's
and other permanent Loans. SO that ii 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 20 from the fact, that,
whilst the bonds may run 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,
500, $500, and $1,000; or Registered Bonds
OF same denominations, and in addition,
$4,000 and $40, 600. For Banking purposes,
and for investments Of TIust-monies, the
Registered Bonds are preferable.
These 5-20's can not be faxed by States.
cities, towns, or counties. and the Govern
ment tax on them Is only one and afhalf per
cent, on the amount Of income, when the
income Of the holder exceeds six hundred
dollars per annum. All other investments
such as incomes from mortgages, railroad
stock and bonds, etc, must pay from three
TO hve per cent on the income.
Bank and Bankers throughout the country
will continue 10 dispose of the Bonds and
all orders by mail, or otherwise, promptly
attended 10.
The Inconvenience of few day delay IN
the delivery of the Bonds. is unavoidable. the
demand berg So great; but. as interest com
mences from the day of subscription. no loss
is occasioned. and every effort is being made
10 diminish delay. SAY COOkE,
SUBSCRIPTION AGENT.
ia Sotuh Third Street, Phlladelp phia
Philadelphia, November %, 1863.