The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-07-27
U. ..
1910 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 u"der 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 les, than
ten nor more than forty gear from their date,
and until their redemption FIVE PER CENT.
INTEREST WILL BE PAID IN COIN ,on Bonds
of rot over one hundred dollars annually and
all other Bonds semi-annually. The interest
is payable on the lst days of March and Sep
tember 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
T. 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 Uuited States notes, or the notes
of National Banks, adding fifty per cent for
premium or receive them drawing interest
from the date of subscri ption 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
ver Eight Per Cent. Interest,
in currency, and are Of equal convenience as
permanent or temporary investment.
| It is believed that 20 securities offer so
great inducements to lenders as the various
descriptions of U S Bonds In all other forms
of indebtedness, the faith or ability of private
parties or stock companies or separate ccm-
munties only is pledged for payment, while
| for the debts of the United States the whole
property of the country i, holden 10 seruFe
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 mon 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, $685.
600 The interest on this debt for the COM
ine fiscal year Will be $45 7.l26, while the
stoms revenue in gold for the current fiscal
veal ending June 30th, 1864, has been so far
at The rate of over 800 900, 600 per annum.
twill be seen that even the present gold
revenues Of tha 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 viii doubtless raise the an
nual receipts from customs on the same
amount of importations, to $50, 600, 600 per
aunum.
Instructions to the National Barks acting
as loan agents were not issued from the U. S.
Treasury until March 26, 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 Rank Of Philadelphia, Pa
Third National Bank of Philadelphia Pa.
AND BY AL. NATIONAL BANKS
which are repositories OF Public money anO
all respectable Banks and Bankers throughout
the country, (acting as agents Of tbs National
Depository Banks,) will furnish further ipfor-
nation on application and afford every facility
to subscribers. May IL, 1861. .-2m.
Administrators Notice.
w HEREAS, letters of administration on
| w the estate Of David D. Smith, late of
l0swayo township, decd, have been granted to