The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-10-19
u. s. 7-3O LOAN

The Secretary Of the Treasury gives notice
that subscriptions win be received for Coupon
Treasury Notes, payable from Aug. l5th, ls64,
with semi-annual interest Mt the rate otseyc4
and thTee-tenEs per cent. per annum,-prin-
cipal and interest both to be paid in lawful
money.
These notes will be convertiblea at the option
Of the holder at maturity, into six per cent.
gold bearing bonds, payable notlcss than five
nor more than twenty years from their date,
rs the Government may elect. They vii. be
issued in denominations of $50. 500, $500,
$1,000 and $4,000, 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 rs soon after
the receipt Of the original Certificates OF De-
posIt as they can be prepared.
As the notes draw interest from August 10,
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 a 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 10 by the
officer with whom the deposit was made. No
deductions for commissions must be made
from the deposits.
SPECIAL ADVANTAGES Of his LOAN.
1t is a National Savings Bank, offering a
higher rate of interest than any other, and
the best security. Any savings bank which
pays its dcDostors in L. S. Notes, considers
that it is paving in the best circulating nc
dunn Of the country, and it cannot pay IN any
thing better for It's own assets are either IN
government securities or in notes or bonds
payable in government paper.
1t is equally convenient as 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 collattcraIs Tor
discounts.
CoareriiJ!e into a Sir PR cent. 800 6,old Bond.
In addition to the very liberal interest on
the notes for three years this privilege OF
conversion is now worth about Chrce per cent.
for the current rate for go Bonds is not less
than aiucper cent. preatiuHs, and before the war
the premium on six per cent I. S. stocks was
over twenty per cent. 1t viii be seen that
the actual profit on this loan, at the present
market rate, is not less than ten per cent per
annum.
It's Exemption from State or NaHiciPal IlTat'2n.
But aside from all the advantages we have
enumerated, "a special Act Of Congress a.
empts ait bonds and Treasury notes from tocal
tdI0ttoR. On the average, this exemption IS
worth about two percent. per 0nnum, accord
ing TO the rate Of taxation in various parts OF
the country. .s.a
1t is believed that no securities offer so great
inducements to lenders as those issued blythe
government. In al other forms Of indebted
ness, the faith or ability OF private parties, or
stock companies, or separate communities,
.ouly, is pledged for rpaymcnt, while the whole
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 thc-pcoplc.
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-
,ceiying the deposit, to be forwarded to the
Treasury Department.
Subscriptions will be received bythc Treas
urer of the United States, at Washington, the
several Assistant Treasures and designated
Depositarics, and by the
First National Bank Of Philadelphia, Pa.
First National Bank of Danyille, PA.
First National Bank Of Erie, Pa.
First National Bank Of Pittshurg, Pa.
and by all National Banks which are dcposi.
tarics ofpublic money, and
all Respectable BauhS ard BaaAer&
throughout the country viii give further in.
formation and
A6ard cccry Facility to SuJscrjJcr5.
il93mi