The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-08-24
D. G. LARRABEE.
U. S. 7-3O LOAN.


The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable from Aug. 18th, 1864,
with semi annual interest at the rate ofseven
and three-tenthS per cent. per annum,-prin-
cipal and interest both to be paid in lawful
money.
These notes will be convertible at the option
of the holder at maturity, into six per cent.
gold bearing bonds, payable not less than fyo
nor more than twenty years from their date,
as the Government may elect. They will be
issued in denominations of $50, 500, $500,
$1,000 and $5,000 and all subscriptions must
be for fifty dollars or some multiple of fifty
dollars
The notes will be transmitted to the owners
free of transportation charges as soon after
the receipt CT the original Certificates of De-
post as they can be prepared.
As the notes draw interest from August Is,
persons making deposits subsequent to that
date must pay the interest accrued from date
of note to date of deposit.
Parties depositing twenty-five Thousand
dollars and upwards for these notes at any one
time will be allowed commission of one
quarter Of one per cent, which will be paid
by the Treasury Department upon the receipt
of the bill for the amount certified to by the
officer with whom the deposit was made No
deductions for commissions must be made
from the deposits.
SPECIAL ADE4NT1GES Of this LOAN.
1t is National Savings Bank, offering q
higher rate of interest than any other, and
the best security. Any savings bank which
pays its depositors in U. s. Notes, considers
that it is paying in the best circulating me-
dunn Of the country, and it cannot pay in any
thing better, for its own assets are either in
government securities or in notes or bonds
payable in government paper
It is equally convenien: as a temporary or
permanent investment. The notes can al
ways be sold for within a fraction of their
face and accumulated interest, and are the
best security with banks as collatteras for
discounts, .-..
Convertible into a !SjI per- cent $50 Gold Boad,
In addition to the very liberal interest on
the notes for three years, this privilege Of
conversion is now worth aboutthree per cent.
for the current rate for 5. 20 Bonds is not less
than ninePer cent Prcmiam, and before the war
the premium on six per cent. U. S. stocks was
over twenty per cent. 1t will be seen that
the actual profit on this loan, at the present
market rate, is not less than ten per cent per
annum.
lis Exemption from State or M,nicipql Taxation.
But aside from all the advantages we have
enumerated, a special Act of Congress er-
eH1pts all bonds and Treasury notes from local
taxation. On the average, this exemption is
worth about two percent. per annum, accord
ing to the rate of taxation in various parts of
the country
1t is believed that no securities offer so great
inducements to lenders IS those issued by the
government. In all other forms of indebted
ness, the faith or ability of private parties, or
stock companies, or separate communities,
only, is pledged for payment while the whols
property of the country is held to secure the
discharge of all the obligations of the United
States.
While the government offers the most liberal
terms for its loans, it believes that the very
strongest appeal viii be to the loyalty and
patriotism of the people.
Duplicate certificates will be issued for all
deposits. The party deposlting must endorse
upon the original certificate the denomination
Of notes required, and whether they are to be
issued in blank or payable to order. When
so endorsed it must be left with the officer re-
ceiving the deposit, to be forwarded to the
Treasury Department.
Subscriptions will be received by the Treas
urer of the United States at Washington, the
several Assistant Treasurers and designated
Depositaries, and by the
First National Bank of Philadelphia, Pa.
First National Bank of Danville, Pa.
First National Bank of Erie Pa.
First National Bank of Pittsburg Pa
and by all National Banks which are deposit
tarieS ofpublic money, and
All Respectable Banhs and Bankers
throughout the country will give further in"
formation and
Aford every Facility to Subscribers.
[l93m1
ID A. sTEBBINS & Co. are closing up an