The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-11-09
U. S. 7-3O LOAN.

The Secretary of the Treasury gives notice
that subscriptions win berece:ved for Coupon
Treasury Notes, payable from Aug. 18th, 1864,
with semi-annual interest at the rate OF seven
and three e-tentEs per cent. per annum,-prln-
cipal and interest both to be paid in lawful
money.
These notes will be convertible at the option
sof the holder at maturity, into six per cent.
Jyoid bearing bonds payable not less than FIVE
nor more than twenty years from their date,
as the Government may elect. They will be
issued in denominations Of $50, 500, $500,
$1,000 and S. 600, 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 s1ter
the receip: of the original Certificates OF ue-
post as they can be prepared.
AS the notes draw interest from August ID,
persons making deposits subsequent to that
date must pay the interest accrued from date
Of to date of deposit.
Parties depositing twenty-five thousand
dollars and upwards for these notes at any one
time will be allowed commission OF one
quarter Of one per cent, which Will be pald
bv the Treasury Department upon the receipt
nf the bill for the amount, certified to by the
officer with whom the deposit was made. No
from the deposits.
ESPECIAL ADVANTAGES Of hls LOAN
1t is National Savings Bank, offering q
higher rate Of interest than any other, and
,he best security Any savings bank which
paws 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
thing better, for its own assets are either IN
government securities or in notes or bonds
PAYABLE in government paper. -
1t is equally conVenien: as temporary or
permanent investment The notes can al
WAYS be sold for within o fraction OF their
face and accumulated interest and are the
best security with banks as collatterals for
discounts. si7 fs. e'--v IN ri
Convertible 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 20 Bonds is not less
than nine per cent premium, and before the war
the premium on six per cent. U. ;. stocks was
over twenty per cent. 1t will be seen that
the actual profit on this loan, at the present
market rate, is notless than ten per cent per
nnnlm.
Its EXEMPTION from State or Municipal Td1ation.
But aside from al the advantages we have
enumerated. a special Act OF Congress e1-
snDts all bonds dad Treasury notfs from local
Ia1atioA, Onthe average, this exemption Is
worth about two percent. per annum, accord
ing to the rate of taxation in various parts OF
the country. P#Ft r.eE.st .-EE ..
It 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 govern ment offers the most liberal
terms for its loans, it believes that the very
strongest appeal will be to the Loyalty and
pa riotism of1the people :,
Duplicate certificates will be issued Tor all
de Josts The party deposlting must endorse
uuon the 0riqiHal certificate the denomination
of notes required and whether they are to be
issued in blank or payable to order. "hen
40 endorsed it must be left with the othcer re-
ceiving the deposit, to be forwarded to the
Treasury Department.
Subscriptions will be received by the treas
urer of the United States, at Washington, the
several Assistant Treasurers and oeslgnateo
Depo itaries, 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 Pittshurg, Pa.
aud byaall National Banks which are deposi-
taries ofpublic money, and
All Respectable Banks ard Bankers
throughout the country will give further IN
formation and
Aford erery Facility to Subscribers