The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-11-02
q. S. 7-3O LOAN

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable from Aug. l5th.l864,
with sem-annual interest at the rate otseyen
and three-tentks per cent. per annum,-prln-
cipal and interest both to be paid in lawful
money.
These notes will be convertible at the option
Of the Lolder 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,
$1,000 and S., ,00O 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 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
ofnote to date Of deposit.
Parties depositing twenty-five thousand
dollars and upwards for these notes atany one
time will be allowed 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 this LOAN
It's National Savings Bank, offering
higher rate Of interest than any other, and
the best security. Any savings bank which
pays its depositors in q. S. Notes, considers
that it is paying in the best circulating me-
dium of the country and it cannot pay in any
thing better, for its own assets are either IN
goyernmentsecurities or in notes or bonds
PAYABLE in government paper
1t is equally convcnien: as temporary or
permanent investment. The notes can al
ways be sold for within a fraction of their
face and accumulated interest, and are the
best security with banks as collattcrals Tor
discounts.
Convertible iato Sir per cent 52O 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 aiaeper cent premium, and before the war
the premium on six per cent. U. 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
nnnum. ...
But aside from all the advantages we have
enumerated, special Act Of Congress e.
emytS al joads and Treasury notes from local
taIatton. 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 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 deposIting 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.
81 Subscriptions will be received by the Treas
urer 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 Danyille, Pa.
First National Bank Of Erie, Pa.
First NATIONAL Bank of Pittsburg, Pa.
and By all National Banks which are deposl-
taries ofpubic money, and
All Respectable Bnnhs and Bankers
throughout the country will give further in
formation and
Aford cuery Facility to Subscribers.
Ll93ml
PA, STATE NORMAL SCHOOL