The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-07-06
u 3.
BONDS.

Congress of March Sth, 1864, which provides
that all bonds issued under this Act shall be
EXEMPT FROM TAXATION by or urder any
state or municipal authority. Subscriptions
to these Bonds are received in United States
notes or notes of National Banks, They are
TO BE REDEEMED IN COIN, at the pleasure
of the Government, at any period not less than
ten nor more than forty yeari from their date,
and until their redemption FIVE PER CENT.
INTEREST WILL BE PAID IN COIN ,on Bonds
of not over one hundred dollars annually and
all other Bonds ,emi-anuually. The interest
is payable on the lst days of March and Sep
tember in each year.
Subscribers will receive either Registered
or Coupon Bonds, as they may prefer. Reg
istered Bonds are recorded on the books of the
10. S. Treasurer, and can be transferred only
on the the owners order Coupon Bonds are
PAYABLE to bearer, and are more convenient
for commercial uses
Subscribers to this loan will have the option
of having their Bonds draw interest from
March lst, by paying the accrued interest in
con-(or in Uuited States notes, or the notes
of National Banks, adding fifty per cent. for
premium,l or receive them drawing interest
from the date of subscription and deposit
AS these Bonds are
Exempt from Municipal or State Taxation,
their value is increased from one to three per
cent per annum, according to the rate of tax
levies in various parts of the country
At the present rate of premium on gold they
pay
Uver Eight Per Cent. Interest,
in currency, and are of equal convenience as
a permanent or temporary investment.
It is believed that no securities offer so
great inducements to lenders as the various
descriptions of U S. Bonds In all other forms
of indebtedness, the faith or ability of private
parties or stock companies or separate cem-
munities only is pledged for payment, while
for the debts of the United States the whole
property of the country is holden to secure
the payment of both principal and interest in
coin
These Bonds may be subscribed for in sums
from $50 up to any magnitude, on the same
terms, and are thus made equally available to
the smallest lender and the largest capitalist.
They can be converted into money at any mo-
ment, and the holder will have the benefit of
the interest.
| It NAV be usefnl to state in this connection
that the total Funded Debt of the United
States on which interest is payable IN gold,
on the Sd day of March, 1864, was $768 $685.
900 The interest on this debt for the COM
ine fiscal year will be S45, ,937.l26. while the
customs revenue in gold for the current fiscal
year ending June 3Oth, 1864 has been SO far
at the rate of over $lOO, ,OO0, 900, per annum.
twill be seen that even the present gold
revenues of ths Government are largely in ex-
cess of the wants of the Treasury for the pay
ment of gold interest. while the recent in
crease of the tariff will doubtless raise the an
Inual receipts from customs on the same
amount of importations, TO $3.50, 900 per
annum.
Instructions to the National Banks acting
as loan agents were not issued from the I. S.
Treasury until March &c, but in the first three
weeks of April the subscriptions averaged
more than TEN MILLIONS A WEEK.
Subscriptions will be received by the
First National Bank of Philadelphia, Pa.
Second National Rank of Phiade phia, Pa.
Third National Bank of Philadelphia, Pa.
AND BY ALL NATIONAL BANKS
which are repositories OF Public money ano
all respectable Bauksand Bankers throughout
the country. (actingas agents of the National
Depository Banks will furnish further irfor-
nation on application and afford every facility
to subscribers MAY IL, 1861 I'm.
Administrators Notice.
NNT HEREAS, letters of administration OIL
w the estate of David D. Smith, late oI