Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1864-01-06
l. 5. 5-2O'S.

VIE Secretary of the Treasury has not vet
u given notice of any Intention to with.
draw this popular Loan from Sac at Par. and
until ten days notice is given, the undersign
ed, as General Subscription AGENT" will
continue to supply the public.
The whole amount of the Lean authorized
is Five Hundred Millions of Dollars Near.
ty -Four Hundred Millions hare already been
subscribed for, and paid into The Treasury,
mostly within the last seven months The
large demand from abroad, and its rapidly
increasing home demand for use as the basis
for circulation by National Banking Associ
ations now organizing in all parts of the
country, will, in a very short period, absorb
the balance. Sales have lately ranged from
ten to fifteen millions weekly. frequently ex-
ceeding three millions daily, and as it is well
known that the Secretary of the Treasury
has ample and unfailing resources In the Du
ties on Imports and Internal Revenues. and
IN the issue of the Interest bearing Legal
Tender Treasury Notes, it is almost a certain
ty that he will not find it necessary for a long
time to come, to seek market for any other
long or permanent Loans THE INTEREST
AND PRINCIPAL OF WHICH ARE
PAYABLE IN GOLD
Prudence and self interest must force tie
minds of those contemplating the formation
OF National Banking AssucIatlons as we'll as
the minds of all who have idle money ON
their hands, to the prompt conclusion that
they should lose 10 time in subscribing TO
this most popular Loan. 1t will soon be be-
yond their reach, and advance to IA handsome
premium, as was the result with the Seven
Thirty" Loan, when it was ali sold and could
no longer be subscribed for ut par.
Ii is q Sir per Cent. Loan, tie Interest and
J., h.. ~
Nlne per Cent. per aiaHul at the present rate
of premium on coin.
The Government requires all duties on i'm
ports to be paid in coin these duties have
tur long time past amounted to over Quar-
ter of Million OF Dollars daily, sum near.
ly three times greater than that required i'll
the payment Of the interest Of all the 5'20's
and other permanent Loans. So that it is
hoped that the surplus coin in the Treasury,
at no distant day, will enable the United
States to 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 ri ght to pay them off
In gold at par, at any time after years.
The Interest IS paid half yearly, viz: on the
first days of November and MAY
Subscribers can have Coupon Bonds, which
are payable To bearer, and are $50, Sl00,
$500, and $1,000; or Registered Bonds of the
same denominations and IN addition, $4,000
and $4,000. For Banking purposes and for
investments of Trust'mones the Registered
Bonds are preferable.
These 5-20's cannot be taxed by States,
cities, towns or counties, and the Government
tax on them is only one and 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 3 to 5 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 atten-
ded to.
The Inconvenience of few days delay in |
the delivery of the Bonds is unavoidable, the
demand being so great; but as interest com
mences from the day of subscription, no loss |
is occasioned. and every effort is being made |
to diminish the delay.
JAY COOKE,
Subscription Agent,
ia South THIRD Street. PhiIa,
Philadelphia Decem ber 9 IS63