The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1863-04-15

4th. I have made arrangements with
your nearest Bank or Banker, who will
generally have the Bonds on hand. If
not, you can send the money to me by
Express, and | will send back the Bonds
free Of cost.
5. The Bonds pay six per cent. Inter
est in gold, thee per cent. every six
months, on the first day of May and No
vember at the Mint in Philadelphia, or
1T any ub-Treasury in New York or
elsewhere If you have Coupon Bonds,
all you have to do is to cut the Coupon
off each six months, and collect it your
self or give it to Bank for collection If
You have Registered Bonds, you can give
your Bank a power of attorney to collect
the interest for you.
9th. The duties on imports of all arti-
cles froIo abroad must be paid in 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 thou
sand 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 be paid in gold when due.
Sth. You can have either Coupon
Bonds payable to the bearer, or Regis
tered Bonds payable to your order.
9th. The former are in sos, zoos,
500's and 1000's,-the latter in same
amounts, also S5000's and $4,000.
10Th. No! You will not have to pay
any taxes on these Bonds if your income
from them does not exceed $500; and
on all above 5000 you will only have to
pay one-half as much Income Tax as if
your money was invested iD Mortgages
or other Securities. [ consider the Gov
erument Bonds as first of aH-alI other
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, City or County can tax Govern
ment Bonds.
11th. The present Bonded debt of the
United States is less than three hundred
millions, including the seven and three
.enths Treasury Notes but the Govern
ment owes enough more in the shape of
Lenal Tenders, Deposits, in the sub Treas
uries, 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
thousand, seven hundred millions, if the
Rebellion 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 sDall
compared with that of Great Britain or
France, whilst our resources are vastly
greater.
18th. I have no doubt that the reve-
nue. will not only be ample to pay the or
dinary expenses 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 Govern
ment will be able to get out of debt again
as it has twice before-in few years af-
ter the close of the war.
L nope 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 an the first
day of July, 1868, as per the following
authorized notice:
SPECIAL NoTICE.-On and after July
lst, 1868, the privilege of controvertlng
the present issue of legal tender notes in
to six per cent. loan Commonly called
Give -twenties'') will cease.
All WHO wish to invest in the fve-
twenty loan must, therefore, apply before
the Ist of Jul y next.
JAY COOKE, Subscription Agent.
No. la S. Third Street, Philadelphia.
Those who neglect these six per cent.
bonds, the interest aud principal of which
they will get in gold, may have occasion
to regret it. am, very truly, your friend,
JAY COOKE, Subscription Agent,
At Office of Jay Cooke & Co.,
No. LA S Third ST., Philadelphia
The Banks and Bankers of your and
adjoining counties will keep supply of
these bonds on hand, If you prefer to go
there and get them.
A year ago last fall, the State Teachers