The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-02-10
T.. 9. 5-9O's.

/ The Secretary of the Treasury has not We
given notice of any intention to Withdraw thi.
J popular Loan from sale at Par, and until ter
/ days Notice is gwen, tire undersigned as Gen
cral Subscription Agent Will continue t
supply the public.
The whole amount Of thc Loan authorized
is Five Hundred Millions of Dollars Nearl,
Four Hundred Millions have been already sub.
scrIbed for and paid into the Treasury, mostly
within the last seven months The large de.
mand abroad and lhe rapidly increasing hum,
demand for use as the basis for circulation by
National Banking Associations now organi-
zlng IN FL parts OF the country will n Il ,.cry
short period absorb the balance. S1ips have
lately ranged Fl, IN ten to fifteen million,
weekly, frequently exceeding three millions
daily, and as it is well known that the Sccre-
tary has ample and uafIiing resource Is H. the
Duties on Imports and Internal Revenues
and in the issue Of the interest bearing Legal
/ Tender notes. 1t Is almost crrtaiAty that lie
Will not hud ii necessary, for a long time to
come to seek II market for any other long OF
permanent loans, The Interest and PRINCIPAL
of winch arc payable in GOLD.
Prudence aud self interest must force the
mind> Of those contemplating the formation
of National Banking Associations. as we'll as
the minds of all who have idle money on their
hands, to the prompt conclusion that they
should lose 10 time in subscribing for this
most popular loan 1t will soon be beyond
their reach, and advance to ii hundsvme pre-
nium, as was the result with the = seven
thirty loan, wheL 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 Welding over
Nine per cent per annum at the present rate
of premium on coin.
The Government requires all duties on In
ports to be paid in coin; those duties have
for long time past amounted 10 oycl a Quar-
ter Of Millionof Dollars Daily, a sun. nearly
three times greater than that required in the
payment Of the interest on all the 5-2Os and
other permanent loans. SO that it is hoDed
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 The
Government has 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 ons-and-u-half per
cent, on the amount of income, wher The
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 lucomc.
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
mences from the day of subscription no loss
is occasioned, and every effort is being made
to diminish the delay. JAY COOKE,
- SUEsGRIeTIoN AGENT,
ia 4SOUTH THIRD ST, PHILADELPHIA
Dec. 4 CO.