Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1863-04-08

est to commence the day you pay the money.
4th. have made arrangements with your
nearest Bank or Banker, who will generally
have the Bonds on hand. II not, you can send
the money to me by Express, and will send
back the Bonds free of cost.
5th. The Bonds pay SIX per cent. Interest
in GOLD, three per cent. every six months, on
the frst day of May and November at the
Mint in Philade lphia, or at any Sub-Treasury
in New York or elsewhere. fyou have Cou-
pom Bonds, all you have to do is to cut the
proper Coupon off each six months. and col
lect it yourself or give it to Bank for collec-
ton If you have Registered Bonds, you can
give your Bank power of attorney to collect
the interest for you.
9th. The duties imports of all articles
from abroad must be paid iri GOLD, and this is
the way Secretary CHASE gets his gold. 1t is
now being paid into the Treasury at the rate
of Two Hundred Thousand Dollars each day,
which is twice as much as he needs to pay the
Interest in Gold.
7th. Congress has provided that the Bonds
shall pc Paid in Gold when due.
9Th You can have either Coupon Bonds pay
able to the Bearer, or Registered Bonds pay
able to your order.
9th The former are in SOS, zoos, 500's
and l000's the latter in same amounts, al lso
$5000's and $4,000.
10Th. Mo- You Will not have to pay any
taxes on these Bonds if your income from them
does not exceed $500; and on all above $500
you will only have to pay one-half as much
Income Tax as il your money was invested in
Mortgages or other Securities. | consider
the Government Bonds as first of aH-all 9th
er Bonds are taxed one quarter per cent. to pay
the Interest on the Government Bonds, and
the Supreme Court of the United States has
just decided that no State, or City, or County
can tax Government Bonds.
llth. The present bonded debt of the Uni
ted States is less than Three Hundred Millions
including the seven and tenths Treasury
Notes but the Government owes enough more
Sub-Treasuries, Certificates of Indebtedness,
&C.. to increase the debt to about eight or
nine hundred millions. Secretary Chase has
calculated that the debt may reach one thous-
and, seven hundred millions, if the Rebe llon
lasts eighteen months longer. 1t is, however
believed now that it will not last six months
longer; but even if it does, our National Debt
will be small compared with that of Great Bri-
tain France, whilst our resources are vastly
greater.
18th. have no doubt that the revenue will
not only be ample to pay the ordinary expen-
ses of the Government and all Interest on the
debt, but leave at least one hundred millions
annually toward paying off the debt, and that
the Government will be able to get out of debt
again as it has twice before-in few years
after the close of the war.
l hope that all who have idle money will at
once purchase these FIve-Twenty Year Bonds.
The right to demand them for Legal Tenders
will end on the first day of July, 1858, as per
the following authorized notice:
SPECIAL NoTIcE.-On and after July 1st,
1868, the privilege of converting the present
issue of Legal Tender Notes into the National
sir per cent. Loan commonly called ssFive-
Twenties'D will cease.
All who wish to invest in the Five-Twenty
Loan must, therefore. apply before the 1st of
July next. JAY Cooke, Subscription Ag't,
Ne ia S. Third ST., Philadelphia.
Those who neglect these SIX per cent.
Bonds, the Interest and Principal of which
they will get in GOLD, may have occasion to
regret it. l am, very truly, your Friend,
JAY COOKE, Subscription Agent.
N. B.-Leonard, Finney &Co. of Clearfed,
Pa, are Subscription Agents for the sale of
these Bonds for this section of the State of