Show 1 T r 1 STATES 5 20 deal said about this popular As we hear a great loan and in view of the fact that a good many do not understand exactly in relation to it we give giva below extracts sufficient to inform every one who desires information upon the subject the whole abou amou amount nt of the loan authorized is five fire millions of dollars nearly four hundred millions have been already subscribed for and paid into the treasury mostly within the last keven months the large demand from abroad and the rapidly increasing home demand for use as the basis for circulation by Nati national oral banking associations now organizing in all parts of the country in ft ill in a very short period absorb the balance sales sal p es have lately ranged from ten to fifteen millions weekly frequently exceeding three millions daily and as it is well known that the secretary ot the treasury has bits ample and unfailing le ic sources in the duties on imports and internal revenues and in the issue of the interest bearing legal ten oler ilor Tica treasury sury notes it is almost a certainty that he be will v ill 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 Pria cipal of which arc payable in gold it is a six sit per cent loan the interest and pilney pal payable in coin thus yielding about eight per cent per annum at the present rate of premium on gold the government requires require i all duties on imports to be paid in coin these duties have for a long time lime past amounted to avor a quarter of a million of dollars daily a 1 sum nearly three times greater than that required in the payment or of the interest on all the 5 Os and other permanent loans so that it is hoped that the surplus of coin in the treasury at no distant day will enable the united states to lesime specie payments upon all liabilities bili ties the loan is called 5 20 from the fact that whilst the bonds may run for 20 years yet the government has the light to pay them off in gold at par at any time after five years the interest is payable half yearly viz on the farst day of november and may these 5 cannot bo be taxed by states cities towns or counties and the government tax on them hem is 13 only one and a half per cent on the amount of income when the income of the holder exceeds exceeds six hundred dollars per annum all other investments such as income from mortgage railroad stock and bonds etc roust p pay from three to uve five per cent tax on the income it will be seen from the foregoing that the 5 are not only safe investments but will also repay to tho the holder a handsome interest upon his money invested and those who have idle money on their hands ha ds cannot do better than to invest in this the most popular of all the government loans |