The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1865-03-01

lars making the interes. as follows:
One cent per day on each $50 note.
Two cents " 100 "
Ten 500 1"
Twenty 1000 1"
One dollar 5000 1"
I'd Question. When and how can they
be obtained?
Answer. They are for sale, at par, and
accrued interest, by all the Sub. Treas
uries, National and other Banks, and ali
Bankers and Brokers
Sd Question. When IS the interest pay
able and how can il be collected?
Answer. The Coupons or Interest
Tickets are due 10Th of February and
10Th of August in each year, and can be
cot of from tle note, and will be cashed
by any Sub Treasurer, U. S. Depository,
National or other Bank or Banker.
4:h Question. When must the Gov
ernment pay off these 1905?
Answer. They are due 10 two years
aud a half FROM the 10Th of February.
1865; viz. ca the 10Th Of August, 1867.
5th Question. Must receive back nv
money SO soon as 1867?
Answer? No ! not unless you prefer
to do so-the Law gives you the riqht TO
demand from the Government, at that
time, either your money or an equal
amount at par, Of the famous and popu-
lar $50 Go1d Bearing 6 per cent. Loan.
9th Question. How much do yon con
slider this privilege Of conversion, into
500 Loan to be worth ?
Answer. 5.20s bearing Gold Interest
from lst Of November, are to-day worth
g per cent. premium. If they are worth
no more at the end Of the two years and
a half, when you have a right to them,
than they nos2 are, this premium added
to the interest you receive, will give you
at least 10 per cent. per annum for YOUR
money--but the opinion is that they will
be worth more than 8 per cent. premium
at that time.
7th Question. What other advantage
&c thora in investing IN the 7 20 Loan z
/ Answer. 1t cannot be taxed bv States.
Counties or Cities, and this adds from
one to three per cent per annum to the
net income Of the holder, according to
the rate Of taxation IN various localities.
All bonds aud stocks, except those Of the
United States and all mortgages, &c ARE
taxed, not only by the Government, but
by States, Counties and Cities.
8th Question. How does the Govern
meOt raise the money to pay the interest,
ard is it safe and sure?
I Answer. The Government collects, by
taxes, internal revenue, and duties on
imports, fully three hundred millions
each year. This is nearly three times as
much as IS needed to pay the interest on
all the debt, and as soon as the war is
ended, the amount not needed to pay the
interest Will be used in paving off the
debt. Our Govcrnmeat has flcjce paid
Of al us debt, and can easily do so again,
The interest is sure to be paid promptly,
and the debt itself is the very safest in.
vestment in the world. 1t is as safe as a
mortgage on a good farm, and pays bet
ter interest. 1t IS, in fact, a First Mort
gaqe on ali lands, all incomes, all railroad
and canal bonds, and bank or other stocks,
mortgages, sc.
1 Nothing can be safer for wo are all
bound for it, and all that we haze is
firmly held for the payment Of principal
and interest How foolish those people
are, who keep their gold and greenbacks
idle and locked up, or purchase mort,
cages or railroad stocks aud bonds, which
pay Only 5 or 6 per cent interest, when
these Seven-Ihirties pay Counting the
premium on Fge-Twenties,) over ten per
cent, and are 50 uooL safer duG surer,
9th Question. How many Seven -Thir-
ties are there, and how much remains
unsod?
Answer. There are only about three
hundred and twenty five millions author
lied by law, and only about one hundred
and ninety millions remain unsold
l0th Question. How long will it take
YOU to sell the balance?
Answer. There are about 500 National
Banks all engaged in selling them also
a large number Of old banks, and at least
three thousand private bankers and
brokers, and special agents will be en-
gagged in ali parts Of the country in dis
posing of them to the people
18th Question. How long will it take
10 sell the whole
Answer. II less than three months
they will all be sold, and will no doubt
then sell al premium, as was the case
with the old Seven Thirtfes, the FIRST
Twenty Year Loan, and the Five
Twentics.
The above questions and answers, it is
believed, will give fall information to all.
If not, the General Subscription Agent,
Z IL = II