The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-10-26
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. 1864,
with semi-annual interest at the rate ofseYen
and three-tenths 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 five
nor more than twenty years from their date,
rs the Government may elect. They will be
issued in denominations of $50, 500, $500,
81 900 and $4,000 and ali subscriptions must
he 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 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
lime 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 TO by the
officer with whom the deposit was made. No
deductions for commissions must be made
from the deposits.
SPECIAL ADVANTAGES Of tbs LOAN.
1t is Il National Savings Bank, Offering
higher rate of interest than any other, and
the best security. A0y savings bank which
pays its depositors in U. S. Notes, considers
that it is paying in the best circulating me-
dunn of the country, and it cannot pay IN any
&c aft IDw IN
government securities or in notes or bonds
payable in government paper
Ii is equally convenient as temporary or
permanent investment. The notes can al
1yays be sold for within q fraction Of their
face and accumulated interest, and are the
best security with banks as colatterals for
discounts ta
Convertible into !Si1 per cent. $40 Gold Bond.
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 5. 20 Bonds is not less
than nine per cent premium, and before the war
She premium on six per cent. .. 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
aunum.
Its Exemption from State or Municipal Taxation.
But aside from all the advantages we have
enumerated, a special Act Of Congress er-
s,npts aH bonds and Treasury notes from local
t0rdhoa. On the average, this exemption Is
worth about two perceut. per annum, accord
ing to the rate Of taxation in various parts OF
the country.
1t is believed that no securities offer so great
inducements to lenders as those issued by the
government. In all other forms Of indebted
ness, the faith or ability of private parties, or
stock companies, or separate communities,
Ouly, is pledged for payment, 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 will be to the Loyalty and
patriotism of the people.
Duplicate certificates will be issued for all
deposits The party dcposlting 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-
ceiving the deposit to be forwarded to the
Treasury Department
Subscriptons will be received by the Treas
urer of the United States, at Washington, the
several Assistant Treasures and designated
Dcpositares, and by the
First National Bank of Philadelphia, Pa
First National Bank of Dauyille, Pa.
First National Bank Of Erie, Pa.
First National Bank of Pttshurg, Pa.
and bv all National Banks which are Geposi-
taries ofpublic money, and
All Respectable BtnkS and Bankers
throughout the country will give further in
formation and
Afard cgery Facility to Subscribers.
l93m
IA crnsnE nInpmAI. SCHnnr