The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1863-12-16
U. s. 5-2O'S.

The Secretary Of the Treasury has not yet
given notice of any intention to withdraw this
popular Loan from sale at Par, and until ten
days notice is given, the undersigned, ,as 'Gen-
eral Subscription Agent" will continue to
supply the public.
The whole amount of the Loan authorized
10 Five Hundred Millions OF Dollars Nearly
Four Hundred Millions have been already SUBJ
scribed for and paid into the Treasury, mostly
within the last seven months. The large de-
nand abroad and the rapidly increasing home
demand for use as the basis for circulation by
National Banking Associations now organi-
zing in ell parts of the country, will in a yery
short period absorb the balance. Sales have
lately ranged from ten to fifteen millions
weekly, frequently exceeding three millions
daily, and rs it is we'll known that the Secre-
tary has ample and unfailing resources il the
Duties on Imports and Internal Revenues
and in the issue of the interest bearing Legal
Tender notes. 1t is almost a certainty that he
will not iud it necessary, for IL long time to
come, to seek a market 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 those contemplating the formation
Of Natioual Banking Associations az well as
the minds Of all who have idle money on their
hands, to the prompt conclusion that they
should lose no time in subscribing for this
most popular loan 1t will soon be beyond
their reach, and advance to a handsome pre-.
MUM, as was the result with the " seven
thirty" loan, wheE it was all sold and could
no longer be subscribed for at par.
1t is Six per cent Loan, the Interest and
Principal payable in coin, thus yielding over
Nine per cent per annum at the present rate
of premium on coin.
The Government requires all duties on I'M
ports to be paid in coin those duties have
for long time past amounted TO oveI Quar-
ter of Milliouof Dollars Daily, sum neal Iy
three times greater than that required in the
payment of the interest on all the 5-2O's and
other permanent loans. So that it is hoped
that the surplus coin in the Treasury, at no
distant day, will enable the United States to
resume specie payments upon all liabilities.
The Loan is called $40 from the fact that
whilst the Bonds may run for 20 years yet .he
Government has Il right to pay them off in
Gold at par, at any time after years.
The interest is paid half yearly. viz On
the first days of November and May
Subscribers can have Coupon Bonds.
which are payable to bearer. and are $50
500 $500 and $1,000; or Registered Bonds
of same denominations, and in addition, So, =
600 and $4,000. For Banking purposes and
for investments Of TruSt-monieS the Register
ed Bonds are preferable
These 5-20s cannot be taxed by States,
cities, towns or counties, and the Govern
ment tax on them is only on3-and-a-half per
cent, on the amount of income, wher Me
holder exceeds Six Hundred dollars per an
mum, all other investments, such As Income
from Mortgages, Railroad Stock and Bonds,
etc, must pay from three to five per cent tax
on the lucome.
Banks and Bankers throughout the country
will continue to dispose of the Bonds and
all orders by mail or otherwise, promptly at
tended to.
The Inconvenience Of a few DAYS delay in
the delivery Of the Bonds is unavoidable, the
demand being so great but as interest COM
nences from the day of subscription, no loss
is occasioned, and every effort is being made
90 diminish the delay. JAY COOKE,
SUBSCRIPTION AGENT,
ia SOUTH TE IRD ST, PHILADELPHIA.
Dec 4 So