The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1865-02-08
It. S. 7-3O LOAN

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable from Aug. 10Th 1854
with semi-annual interest at the rate OF seven
and three-tenths per cent. per annum, ,-prin-
cipal and interest both to be paid IN lawful
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 will be
issued in denominations Of $50, 500, $500,
81 900 and 5000, 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 siter
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
of note to date of deposit.
Parties depositing twenty-five thousand
dollars and upwards for these notes at any one
time will be allowed a 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 mace NO
deductions for commissions must be made
from the deposits.
SPECIAL ADVANTAGE Of this LOAN
1t is a National Savings Bank, offering
hipher rate of interest than any other, and
the best security. Any savings bank which
navs its depositors in I. 8. 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
government securities or in notes or bonds
PAYABLE in government paper
Il is equally convenen: as temporary or
nermanent investment. The notes can al
wsys be sold for within q fraction OF their
face and accumulated interest, and are the
best security with banks as coliatterals tor
discounts.
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 3 20 Bonds is not less
than nine per 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
annum.
n. Exemption from State or Hunicipql TaratiOn.
But aside from all the advantages we have
enumerated, special Act Of Congress eT-
4napts all bonds and Treasury notes from local
taration 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.
It isbeleyed that no securities offer so great
inducements to lenders as those issued by the
government. In all other forms of indebted
6; Al oh Of I-ot q Dn
stock companies, or separate communities
only, is pledged for payment, while the whole
property of the country is held to secure The
DISCHARGE Of oil the obligations of the United
States.
Will, the government offers the most liberia
terms for its loans, it believes that the very
stronge It appeal will be to the loyalty anc
patriot sm of the people.
Duplicate certificates will be issued for al
deposits. The party deposlting must endorse
upon the original certificate the denomination
of notes required, and whether they are to b'
issued in blank or payable to order. "hel
go endorsed it must be left with the officer re
ceiving the deposit, to be forwarded to tn
Treasury Department.
Subs scriptions will be received by the Treas
urer of the United States, at Washington, tn
seyeral Assistant Treasurers and designate
Depositar es, 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 deposl
&,ries ofpubhc money, and
All Respectable Banks and Bankers
throuqheut the country will give further in
formation and
Aford eoery Facility to Subscribers.
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