The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-07-20
VsES.
1910 BONDS

1neSe bonus are lSSueu uuucE tuc ACT VI
Congress of March 9th, 1864, which provides
that alb bonds issued under this Act shall be
EXEMPT FROM TAXATION by or u"der any
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 gear 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 semi annually heeinterest
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
| U. 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
coin-(or in Uaited 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
Ievies in variors parts of the country.
At the present rate of premium on gold they
pay
yer Eight Per Cent. Interest,
in currency, and are of equal convenience as
permanent or temporary investment.
It is believed that 60 securities offer SO
great inducements to lenders as the various
descriptions of S Bonds In all other forms
of Indebtedness, the faith or ability of private
parties or stock companies or separate com
munities only is pledged for payment, while
for the debts of the United States The whole
property of the county 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
| 1t may 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 81 day of March, 1864, was $76S, &c.,
900 The interest on this debt for the COM
Ing fiscal year will be $45, .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 500, 600 900 per anDum.
twill be seen that even the present gold
revenues of til } 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 willdoubtless raise the an.
nual receipts from customs on the same
amount of importations, to Sl5O,oOO,O 900 per
annum.
| Instructions to the National Banks acting
as loan agents were not issued from the U. S.
Treasury unit! March 26, 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 RaLk of Ph iladelphia, Pa.
Third National Bank of Philadelphia. Pa.
AND BY ALL NATIONAL BANKS
which are repositories of Public money and
all respectable Banks and Bankers throughout
the coantry, (acting as agents of the National
Depository Banks,l will furnish further irfor-
nation on application and afford every facility
to subscribers. - May ii: 1864 I'm.
Administrators Notice.
EE1 HEREAS, letters of administration or
w the estate of David d. Smith, late OF
Oswayo township, deed. have been granted to
the subscribers. all persons indebted 10 said