The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-07-13
T.. ..
BONDS,

These Bonds are issued under the act Of
Congress of March sth, 1864, which provides
that all bonds issued under this Act shall be
EXEMPT FROM TAXATION by or under 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 ysarj 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. The interest
is payable on the lst days Of March and Sep
TENDER 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 United 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
ever Eight Per Cent. Interest,
in currency, and are of equal convenience as
permanent or temporary investment
It is believed that no 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 Gem
munites only is pledged for payment, while
for the debts of the Uuitod 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.
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 Sd day of March, 1864, was S768, ,965,-
600 The interest on this debt for the com
ing fiscal year will be $45 .937.l .l26, while the
customs revenue in gold for the current fiscal
year, ending June 3Oth, 1854, has been so far
at the rate of over 500, 900, 900 per annum.
1t will be seen that even the present gold
revenues of the 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
nual receipts from customs on the same
amount of importations, to Sl50,OoO,O00 per
annum.
Instructions to the National Banks acting
as loan agents were not issued from the U. S.
Treasury unit! 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 Rark of Philadelphia, Pa.
Third National Bank of Philadelphia pa.
AND BY ALL NATIONAL BANKS
which are repositories OF Public money ano
all respectable Banks and Bankers throughout
the coGntry, (actingas agents of the National
!, DEPOSITORY Banks will furnish further infor-
nation on application and afford every facility
to subscribers. May IL, ls64-2m.
Administrators Notice.
M HEREAS, letters of administration on
Wv the estate of David D. Smith, late of