The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-08-17
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. 1854,
with semi annual interest at the rate of seven
and three-tentEs 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 Eve
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 $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 as soon after
the receipt of 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 dale of deposit
Parties depositing twenty-five thousand
dollars and upwards for these notes at any ono
time will be allowed q 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 ADV4NTIGES of this LOAN,
| 1t is National Savings Bank, offering
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 ofthe 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
1t is equally convenien: as temporary or
! permanent investment The notes can al
ways be sold for within fraction of their
/ face and accumulated interest, and are the
best security with banks as coIlatterals for
discounts.
/ Convertible into a SjI per cent. $40 Gold Bend.
! In addition to the very liberal interest on
the notes for three years, this privilege Of
conversion is now worth about three per cent.
| for the current rate for ). 20 Bonds is not less
than nine per cent. premium, 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
annpm.
| It's Exemption from STATE or Nunicipql Tdzation.
! But aside from ali the advantages we have
enumerated, special Act of Congress ez-
empts 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
| induces to lenders as those issued by the
government. In all other forms of fadebted~
ness, the faith or ability of private parties, OF
stock companies, or separate comm rnitiesr
! only, is pledged for payment, while the vhols
property of the country is held to secure ths
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 will be to the lOysFty and
patriotism of the people,
Duplicate certificates will be issued for all
deposits. The party deposrting must endorse
upon the original certificate the denominations
of notes required, and whether they are to bs
issued in blank or payable to order When
so endorsed it must be left with the officer re-
ceving the deposit, to be forwarded TO tho
Treasury Department.
Subscriptions win 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 DanvilIe, Pa.
First National Bank Of Erie, Pa.
First National Bsnk of Httsburg, Pa.
and by all National Banks which are deposi-
taries ofpublic money, and
All Respectable Brnks and Banksrs
throughout the country will give further in'
formation and
Aford every Facility to Sudscrsbsrs
| [ls3mI t -
HUNTS BLooH OF RosEs,-fer the Ia.