The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1863-12-09
Ut. s. 5-2O's.

The Secretary OF the Treasury has not vet
given notice of any intention to withdraw this
popular Loan from sale at Par, and until ten
days notice is gwen, the undersigned,aS as Cen
ersl Subscription Agent" will continue to
supply the public.
The whole amount of the Loan authorized
is Five Hundred Millions of Dollars. Nearly
Four Hundred Millions have been already sub
scrIbed for aud paid into the Treasury mostly
within the last seven months The large de-
mAnd abroad and the rapidly increasing home
demand for use as the basis for circulation bv
National Binking Associations now Organi-
xing in :ll parts of tie country, will in II "ery
sh0-t period absorb the balance. Sales have
lately ranged from ten To fifteen millions
weekly, frequently exceeding three millions
daily, and MS it is well known that the Secre-
tary has ample AMI uaf,iiing resources IL the
Duties on Imports and Internal Revenues,
and in the issue of the interest bearing Legal
Tender notes. 1t is almost II certainly that he
will not hud it necessary. for II long time to
come to seek IL IN 'rket 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 tho.e contemplating th- formation
OF Natioual Blnkiug A<socirtions. az well as
the mn.l> of all VIII have Idle m pney on their
hands. to the prompt conclusion that they
should lose IN time in subscribing for this
most popular loan 1t will soon he beyond
their reach, aud advance to Il hands me pre-.
mium AS WAS the result with the = seven
thirty" loan. whef it was all sold and could
no longer he subscribed for at par.
1t is IA Six per ceut Loan the Interest and
Principal payable in coin, thus yielding over
Nine per cent per annun at the present rate
of premium on coin.
The Government REQ Iirc- all duties OF I'm
ports to be paid in coin those duties have
for long me past amounted 10 uvcI Quar-
ter of VI llionof Dollars Daily. a sun nearly
three times g'rgtei than that required in the
payment of the interest on all the 5-20S aud
other permanent loans. So that it is hoped
that the surplus coin in the Treasury. at no
distant da,, Will ruahlr the Emitted 81 ties 10
resume specie payments up'n all llahl,rie:
The Loan ls callei 30 rom the fact that
whilst the Bonds may run for 20 wears yrt he
Government has tigut to ply them oil in
Gold At par AT any time nt,er years
The interest is paid hal yearly viz Ga
the first dAIS of November and My
Subscribers en- have Coupon Is
which are payable to bearer. and are $50
500 $500 and 5000; or RegiSrcrel Bonds
OI; same denominations. ana IN alultlUn,S D.
600 and $4,000 For Banking purpo les anh
for investments of Trust oneS the RcgiSiers
ell Bonds are preferable
These 5-20s cipnOt he taxed hy States.
cities. towns or counties. and the Gover,'-
ment tax on them is only IN ;md-.I. half per
cent, on the amount of ncom', whGL lhr
holder exceeds Six Hundred dollars per all
mum, all other investments, such u< income
from Mortgages, Railroad Stick nni Bonds.
etc, must pay from three to five per cent tax
on the IucOme.
Banks anl B INK rs t!1roushlut the crun-ry
will continue To dispose Of the BJA Is ;ind
all orders by mail or otherwise promptly at
tended to.
The inconvenience of 1t few da,s' delay in
the delivery. Of the Bonds is unavoidable the
demand being So great but as interest com
nsnces from the day of subscription. no loss
is occasioned, and every effort is being made
TO diminish the delay. JAY COOKE,
L. SURSCRIPTIuN AGENT
ia SOUTH tt lRD ST PHILADELPHIA.
Dec. 4 60.