Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1865-01-06
U. q. S-9o,S.

4 He SECRETARY OF THE TREASURY
IL has not yet given notice of any intention
to withdraw this popular Loan from Sale at
Par, and until ten days is given the under
signed, as GENERAL SUBSCRIPTION A.
GENT" viii continue to supply the public
The whole amount Of the Loan authorized
Is Five Hundred Millions Of Dollars. NEARLY
Four HryuRED MILLIONS HAVE BEEN ALREADY
SUBSCRIBED FOR AND PAID INTO THE TREASURY,
mostly within the last 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 coun-
try, viii, 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 unf,iling resources in the Duties
on Imports and Internal Revenues and in the
issue of the Interest bearing Legal Tender
Treasury Notes, il is almost certainty that
he will not find it necessary, for long time
TO come, to seek market for any other long
or permanent Loans THE INTEREST AND
PRINCIPAL or WHICH ARE PAYABLE
IN GOLD.
Prudence and selEinterest must force the
minds of those contemplating the formation Of
National Banking Associations, as well as the
minds of all who have idle money in their
hands to tao PROMPT conclusion that thcv
should lose nO tiEss ia tabsorihing 70 ibis
most popular Loan. II will soon be beyond
their reach, and advance to a handsome pre-
MUM, as was the result with the Seven
Thirty Loan, when it was all sold and could
no longer be subscribed for at par
IL is a six per cent. Loan, the in
terest and principal payable in Coin,
sal 4 sFNfr a
annuiE, 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 for
a long time past amounted 70 over q Quarter
Of a Million Of Dollars daily, a sum nearly
three times greater than that required in the
payment Of the interest on 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 viii enable the United States to
resume specie payments upon all liabilities.
The Loan is called $50 from the fact that
whist the Bonds may run for 20 years, yet the
Government has a right to pay them off in
Gold al par, at any time after years
THE INTEREST IS PAID HALF-YEAR-
LYi viz on the first days Of November and
May.
Subscribers can have Coupon Bonds. which
are payable 70 bearer, ard are $50, 500, $500
and $1,000; or Registered Bonds Of the same
denominations, and in addition, So, 900 and
$40 900. For Banking purposes and for in
vestments Of Trust-monies the Registered
Bonds are preferable.
These Sos cannot be taxed by States, ci-
ties, towns or counties, and the Government
tax on them Is only one-and. a-half per cent.
on the amount Of income, when the income Of
the holder exceeds six hundred dollars per an
mum; all other investments, such as income
from Mortgages, Railroad Stock and Bonds,
etc, must Jay from three to five per cent tax
on the income.
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,
dec Il ia Third Street, Philadelphia.