The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-10-05
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 ofseTer
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 epts3n
of the holder at maturity, into six per cent.
gold bearing bonds, payable notless than fire
nor more than twenty years from their date,
as the Government may elect. They will be
issued in denominations of $50, 500, $500,
81, 900 and s., 900, 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 sitter
the receipt of the original Certificates Of De-
post as tkey can be prepared.
As the notes draw interest from August IS,
persons making deposits subsequent 70 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 one
tiHee will be allowed g. 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 Ibis LOAN
1t is a National Savings Bank, offering
higher rate of interest than any other, and
the best security. ANY savings bank which
pays its depositors in {. S. Notes, considers
that it is paying in the best circulating me-
dunn Of the country, and it cannot pay in any
thing better, for its own assets are either in
payable in government paper.
1t is equally conyenien: 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 collatterals for
discounts.
Co3verti5ls into Sir 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 500 Bonds is not less
than nine per cent. premium, and before the war
the premium on six per cent. I. 5. stocks was
over twenty per cent. 1t will be seen that
the actual profit en- this loan, at the present
market rate, is not less than ten per cent. per
annum.
It's EremPti2n from State or Municipal Taration.
Bat a5iGa from all the advantages we have
enumerated, a special Act of Congress ez-
eDlpts 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 taIation in various parts Of
-he 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,
only, 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 ha issued for all
deposits. The party deposItiRg 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.
Subscriptions will be received By the Treas
g-er 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 Danville, Pa.
First National Bank of Erie, Pa.
First National Bank of Pittsburg, Pa.
and by all National Banks which are deposi-
-taries ofpubhc money, and
al Respectable Banks and BGakers
throughout the country will give further in
formation and
Afford every Facility to Subscribers.
C1o2m7