The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-01-29
THE ,JEFFERsoNIAN DEMOCRAT.
u. s.. 5-2O'S.

~
The Secretary orthc Treasury
has not yet given notice of any intention to
Withdraw this popular Loan from Sale OF
Par, ard until ten days notice is given, tho
undersigned. as General subscrip-
zion Agent" will continue to supply the
public.
The whole amount of the Loan author.
izod is Five Hundred Million of Dollars.
Nearly Four Hundred Millions
have been nircady subscribed
for nd paid into the Treasury.
mostly within tho last seven months. The
large demand from abroad, and the raridly
increasing homo demand for uso as tho ba.
sis for circulation by National Banking As.
sociaiions now organizing in oil parts of the
country, will, in u very short porlod. absorb
tho balance. Sales have lately ranged from
ten to fifteen millions weekly, frequently
exceeding thrce millions daily, and as it is
we'll known that tho Secretary of tho Treas.
ury has ample aud untaiiing resources in
the Duties On Imports aud Internal Revo
MUGS. and in tho issue of the Interest bear.
ing Legal Terdcr Treasury Notes. it is al.
most u certainty that no will not find IL noe
ossary, for a long time to como, to seek a
market for any other long or permanent
Loans, TIE INCREASE AND PRINCI
PAL OF WHICH ARE PAYABLE IN
GOLD.
Prudence and solf-intorcst must forco tho
minds Of those contemplating tho formation
OF National Banking Associations, as we'll as
tho minds OF all who have idie monoy on
their hands, to tho prompt conclusion tina,
they should lOso no time in subscribing toI
tins most popular Loan. IL will spon be
beyond their reach, and advances to o hand.
premium, as was tho result with tho
"SoVcn Thirty" Loan, when it was all sold
and could no longer DO subscribed for at
par.
II is "a Six per Cent Loan, the
Interest and Principal payable
i'm Coin, thus yielding over Nine
Gent, per AM unl ut tho present
ratio of premium on coin.
The Government requires all duties on
imports to be raid in Coin ; thcse duties
for a long time past amounted to ovor
a Quarter of a Million of Dollars. a sum
nearly three times greater than tina: re-
lntrod in tho payment of tho interest on all
tho 5 20s and other permanent Loans. So
hat it 10 hoped that the surplus Coin in
.ho Treasury, at no distant day, will on
'ble tho United States to resume specie
payments upon all liabilities.
Tho Loan is called 8 20 from tho'fact that
Whist the Funds may run for 20 years. vet
no Government has a right to pay them off
n Gold at par, at any timu after 5 wears.
Thc interest is paid hnIf-ycar
y, VIZ on tho first days Of November and
Nay.
Subscribers can havo Coupon Bonds,
Inch arc payable to bearer, and arc $50,
'lOO, $500 and $1,000; or Registered Bonds
same denominations. and in addition
% GOO and $4,000. For Banking pur.
'oses and for Investments of Trust. monios
ho Registered Bonds are preferable.
These D EOS cannot be taxed by States.
OWNS or counties, and tho Government tax
n thcm is only ono and u half per cent, on
no amount Of income, whom tho income
I the holder exceeds Six Hundred dollars
or annun: al! othor investments. such os r
lcoma from Mortgages, Railroad Stock
nd Bonds, etc must pay from three to
ye por cont on tho income,
Banks and Bankers Throughout the Conn
y will continue to dispose Of tho Bonds
nd all orders by mail promptly attended
The Inconvenience of q fow DAYS dolay =
tho delivery of tho Bonds is unavoidable.|
10 doInand being so great but AS interest
from tho day of subscrIption
} loss 10 accustomed, aud every effort is be. r.
G made to diminish tho deiav,
JAY COOKE.
SUBSCRIPTION AGENT,
4 SOUTH THIRD STREET, PHILADELPHIA.
Philadelphia, November 25, 1868.
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