The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-01-27
U. s. 5-2O's.

The Secretary of the Treasury has not yet
given notice of any intention to withdraw this
popular Loan from sale at Par, and until ten
days notice is given, the undersigned, as Gen
eral Subscription Agent" will continue to-
supply the public.
The whole amount of the Loan authorized
is Five Hundred Millions of Dollars. Nearly
Four Hundred Millions have been already SUBJ
scrlbed for and paid into the Treasury, mostly
within the last seven months. The large de-
mand abroad and lhe rapidly increasing home
demand for use as the basis for circulation by
National Banking Associations now organi-
zing in FL parts of the country, will in a Tery
short period absorb the balance. Sales have
lately ranged frHm ten to fifteen millions
weekly, frequently exceeding three millions
daily, and as it is well known that the Secre-
tsry has anIple and unf5iing resources il the
Duties on Imports and Internal Revenues.
and in the issue Of the interest bearing Legal
Tender notes 1t is almost certainty that he
will not fud it necessary, for II long time to
come. to seek a market for any other long or
permanent loans, The Interest aud Principal
Of which are payable in GOLD.
Prudence and self interest must force the
minds If those contemplating the formation
of National Banking Associations. as well as
the minds of all whp have idle money on their
hands, To the prompt conclusion that they
should lose 40 time in subscribing for this
most popular loan 1t will soon be beyond
their reach, and advance to a handsome pre-.
MUM, as was tine result with the - seven
thirty" loan. wheT it was all sold and could
no longer be subscribed for at par
1t is il Six per cent Loan. the Interest and
Principal payable in coin, thus yielding over
Nine per cent per annum ut the present rate
of premium on coin.
The Government requires all duties Oh I'M
ports to he paid in coin those duties have
for long time past amounted 10 oveI Quar-
ter Of ii Milionof Dollars Daily, Il sun. nearly
three times greateI than that required in the
payment Of the interest on all the 5-20s and
"ther permanent loans. So that it is hoped
that the surplus coin in the Treasury. at no
distant day, will enable the Emitted States to
resume specie payments upon all liabilities.
The Loan is called $40 from the fact that
whilst the Bonds may run for 20 wears yet he
Government has right to pay them off in
Gold at par. at any time after years.
The interest is paid hali YEARLY. viz; On
HE first days of November and May
Subscribers can have Coupon Bonds,
which are payable to bearer, and are $50
800 $500 and $1,000 or Registered Bonds
VI Sdlhe utUt'lllildi ilOllS, anu III duulllOH,
600 and $4,000. For Banking purposes and
for investments Of Trust-monies the Register
ed Bonds are preferable
These 5-20's cannot be taxed by States,
cities, towns or counties, and the Govern
ment tax on them is only on 3-and-a-half per
cent, on the amount of income, wheL the
holder exceeds Six Hundred dollars per an
mum, all other investments, such as income
from Mortgages, Railroad Stock and Bonds
etc. must pay from three to five per cent tax
on the Iucomc.
Banks aud Bankers throughout the country
will continue to dispose Of the Bonds and
all oraerS by mail or otherwise, promptly at
tended to.
The inconvenience of a few DAYS delay in
the delivery of the Bonds is nuavoidab BILE, the
demand being so great but as interest COM
menccs from the day of subscription. no loss
is "ccasioned, aud every effort is being mrde
to diminish the delay. JAY COOKE,
SURSCRIPTIoN AGENT.
ia SOUTH TT IRD ST, PHILADELPHIA.
Dec f. 63.