The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-02-17
U. s. 5-2O's.
Gtz..s....9

THE SECRETARY OF THE
TREASURY has not yet given notice of
any intention to Withdraw this popular
Loan from Sale at Par, and until ten days
notice is given, the undersigned, az
OBSERVATION-DISCLOSURES AGENT
will continue to supply the public.
1he whole amount OF the Loan author-
zed is Five Hundred Millions of Dollars.
NEARLY FOUR HUNDRED MIL.
LIONS HAVE BEEN ALREADY
SUBSCRIBED FOR AND PAID
INTO THE TREASURY, mostly within
the last seven month The large demand
from abroad, and the rapidly increasing
home demand for use as the basis for cir
culation by National Banking Associa-
tlons now organizing in all parts of the
country, will, in very short period, ab-i
sorbthe balance. Sales have lately ranged
from ten to fifteen millions weekly. fre-
quently exceeding three millions daily.
and as it is we'll known that the Secrets.
ry of the Treasury has ample and unfail-
ing resources in tho Duties &n Imports
and Internal Revenues, and in the issue
l of the Interest bearing Legal Tender
Treasury Notes, it is almost a certainty
that he will not find it necessary, for a
long time to come, to seek a market for
any other long or permanent Loans, THE
INTEREST AND PRINCIPAL OF
WHICH ARE PAYABLE IN GOLD.
Prudence and self interest must force
the minds of those contemplating the
formation of National Banking Associa-
tions, as well as the minds of ali who have
idle money on their hands, to the pron,,t
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 premium. as was
the result with the '.Seyen Thirty Loan.
ween it was all sold and could no longer
bh subscribed for at par.
IT Is A SIX PER CENT LOAN
THE INTEREST AND PRINCIPAL,
PAYABLE IN COIN, THUS YIELD
Ing w lii NINE PR CENT. PER
Ann Wi at the rate of premium on
coin. - :,
The Government requires all duties on
imports to be paid Coin; these dut es
hve Tor long time past amounted TO
over Quarter of "a Million of Dollars
daily, sun nearly three times greatcr
than that require in the payment of Il. 9
Interest Oh ali the 52Os and other per-
: manent Loans. So that il is b, bed iLat
the surplus Coin in the Treasury, at no
distanr day, will able the United States
e to resume specie payments tpon all lia-
II bilities 4
The loan is called : 90 from the fact
that whilst the Bonds may run for 20
years Yet the Government has right 20
y pay them Oh III gold at par, at any time
: after 5 years.
THE INTEREST rs PAID HAIP.
YEARLY. viz: ON the frat days oi Nov.
ember and May. :
y Subscribers have Coupon Bonds, which
d are pay bic to bearer, akd are $50 SlG0
= $50. and $1,000; of Registered Bonds ci
: same denominations, and in addition.
$4,000 and $4,000 For Banking pur-
=. poses and Tor investments .! Trust ii. OH es
, the registered bonds are prefera BILE,
. these 3.2G = cannot be taxed BY s ates.
u cities, tewns OF counties, and the Govern
Y ment tax on them is only one and a-half
Ter cont on the amount of income. when
!. the income of the holder exceeds six Hmm
:. dree dollars per annum; all ether inyest-
II ments, such as income from Mortgages,
d hailroad Stock snd Bonds. etc. must pay
<, from three To FIVE per cent tax on the in
4 come.
ID Banks and Bankers throughout the
Country wall continue to dispose of the
4 Ronae and all orders by maii. or ether
=. wlso promptly attended to.
J The Inconvenience of a few days delay
! in the delivery - the Banks is unayoida-
bic. the demand being so great; but as in
terest con mences from the dav of sub
s"ription. no loss is occasioned. and eyerv
;. = effort is made to diminish the delay,
e JAY COOKE,
: Subscription Agent
/ ii soFTH TuIRD STREET, PHILADKLpAI