The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-10-12
7. 6. 7-3O LOAN.

The Secretary of the Treasury gives notice
that subscriptions viii be received for Coupon
Treasury Notes, payable from Aug. 18th. 1864,
with serli-annual interest at the rate ofseven
and three-tenths per cent. per annum,-prin-
cipal and interest both to be paid in lawful
I 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,
as the Government may elect. They viii be
issued in denominations of $50, 500, $500,
| 81, 600 and s. ,Oa0, 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-
poslt as they can be prepared.
As the notes draw interest from August Is,
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 ard upwards for these notes at any ohe
time v i'll be allowed a commission Of one
quarter of one per cent, which viii be paid
by the Treasury Department upon the receipt
of the bill for tie amount certified to by the
officer with whom the deposit was made. No
deductions for commissions must be made
from the deposits.
SPECIAL ADT4NT4GE.S Of Ibis LO4N
1t is National Savings Bank, offering a
higher rate Of interest than any other, and
tie best security. Any savings bank which
pays its depoSitors in L. S. Notes, considers
that it is paying in the best circulating me-
dium ofthe country, and it cannot pay in any
thing better, for its own assets are either in
government securities or III notes or bonds
payable in government paper.
1t is equally convenien: as a temporary or
permanent Investment. The notes can al
ways be sold for within a fraction Of their
face and accumulated interest, and are the
beet security With banks as collatterals for
discounts.
Conrert5Ls tnts a Sir per cent. 500 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, 90 Bonds is not less
than nineper cent. premium, and before the war
the premium OF six tper cent. L. s. stocks was
over twenty per cent. 1t will be seen that
the actual profit on this loan, at the present
market rate, is lot less tiEn ten per cent. per
annum.
It's Exemption from State or Municipal Taratisn.
But aside from all the advantages we have
enumerated, a special Act of Congress er-
enapts all bonds and Treasury notes from locdtr
taxation. On the average, this exemption is
worth about two percent per annum, accord
ing to the rate Of taxation in various parts Of
the country.
1t is believed that no securities offer so greht
inducements tt 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 thegovernuent offers the most1iberal
terms foe its loans, It believes that the very
strongest appeal will be to tie hya'ty and
patriotism of the people.
Duplicate certificates viii be issued for all
deposits. The party deposlting must endorse1
upon the original certificate the denomination
of notes required, and Whether they are to be
issued in blank or payable te 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 bv the Treas
urer of the United States, at Washington, the
several Assistant Treasures and designated
Deposita-ies, 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
All Respectable Banhs and Bakkers
throughout the country will give further in-l
formation and
A6ord eoery Facility to Subscribers.
[193ml