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BY 8. J. ROW.
CEEARFIELD, PA., 31 AY 24, 18G5.
"the latest news. ": -
' Jeff. Davis, Mrs. Jeff. Davis, four child
ren, and mother and sister, Alex. II. Ste
phens, Clement C. Clay and wife, (leneral
Wheeler and staff, Col. Regan, and fifteen
or sixteen others, arrived in Haniptxi
Roads, in the Steamer Clyde, on the 10th,
They will be "entertained"' at Fortress Mop
roe, for the time being several casemates
being fitted up for their accommodation.
A gentleman who has arrived at New Or
leans says that he recently met ex-Senator
Gwin at Havanna, and was shown indis
putablo evidence that Sonoro has been ce
ded to France by Maximilian. Mr. Gwyn"
also exhibited his patent of nobility as Duke
of the French province of Sonoro, signed by
the Eniperor, bearing the seal of France.
The Memphis Argussnys it has reliable in
formation that the rebel Gen. Forrest was
kille'd at Parkville, Alabama, on the 13th,
by four of his own men, to avenge the death
of four of their comrades who had been shot
by order of Forrest for exulting over the
news of the surrender of Johnston to Sher
man. It is reported thatlsham G. Harris, Gov
ernor of Tennessee at the out break of the
rebellion, has been captured at Augusta,
Georgia, with the old State archives and
$600,000 ia specie belonging to the State
Treasury.
It is announced that Gen. Sheridan has
been appointed to the command of all the
forces west of the Mississippi, and soon we
may expect to hear of the opening of an ac
tive campaign against Kirby Smith.
On the night of ihe 17th, the extensive
iron foundry of Merrick & Son3 in Phila
delphia was destroj-ed by fire. About five
hundred men were thrown out of employ
ment by the accident.
John C. Breckenridge, Judah P. Benja
min, Trenholm and Extra Billy Smith, were
skulking in the vicinity of Fernandma
Florida, when last heard from. How the
mighty have fallen. -
A plot among the colored troops, to mur
der the rebels in Memphis in retaliation for
the Fort pillow massacre, was discover?
ed and frustrated, aud they are now uuder
arrest.
Gov. Brown of Georgia, passed through
Harrisburg on the 18th, on his way to
Washington, where, it is said he will be re
tained and used as a witness against Jeff!
Davis.
There is a fine chance for Northern emi
gration to Southern States. Land that for
merlycould not be bought for less than $30
an we're, is now selling at $2,50 and 3 an
acre.
The Nashville Union says the rebel Gen.
Ben. Hill has turned over aU his command,
some 700, with their arms and horse", to
the United States. The men were parollcd.
Assistant Secretary Dana, has resigned
, his position in the War office, and Major
Kckert has been appointed his successor.
Gov. Vance, of North Corolina, reached
Washington on Saturday last, and was lodg
ed in the Old Capitol prison.
Secretary Seward spent an hour in his of
fice on Saturday, but he is still entirely too
feeble to resume his duties.
Union Meeting at Ealeigh.
A large meeting of North Carolinans to
take action for the restoration of civil gov
ernment ai d social order in their State, was
held at Raleigh on the 1 1th inst. Speeches
were made by a number of prominent citi
zens, and series of resolutions unanimously
adopted, in all of which were expressed joy
over the downfall of the rebellion, and their
return to the fold of the Union, and protec
tion of the old flag satisfaction at the ter
mination of slavery, which was admitted to
have always been a drawback on the'progress
of the State, and acquiescence of the people
in the announcement of President Johnson
that treason must be punished. At night
there was a general illumination of the city,
and a large Union procession.
Who is President of the Confederacy ?
The X. Y. Times says : We are in re
ceipt of numerous communications raising
the constitutional question as to who is act
ing President of the Confederacy, now that
Jeff. Davis is in our possession, and Mr.
Stephens will not assume the responsibilities
of the office. The query is a timely one,
but a moments reflection would have satis
fied our correspondents that Mrs. Davis is
the legitimate successor to her husband's
duties. When he ran off with her petticoats
6he had no alternative but to put on the
breeches. And in view of the language she
used on the occasion, we venture to predict
that foreign .nations will make all haste to
recognize her as a bclligerant.
The Conspiracy Trials.
The evidence now in fully connects the
rebel leaders, we may say the rebel govern
ment, not with the agination only, but with
a long standing and elaborately matured
plot to murder, burn and destroy on an ex
tensive scale, and in many places. We
consider, says the Com mercial that the com
plicity of Jeff. Davis and the rebel leaders
named in President Johnson's proclamation,
has been fully made out, and an impartial
jury would so declare, even without another
word of testimony. The conspirators ap
pear to have congregated in Canada, where
Saunders, Thompson, and several other
It gh-toned specimens of the,chivalry, of the
assassin order, could be conveniently con
sulted, while enjoying British protection.
Sanction, material aid and comfort appear
to have been drawn from Richmond, where
conspiracy and every form of assassination,
was considered, if not formally adopted, by
Congress, as among the arts of warfare. A.
gents passed to and fro, and the business
wsw as systematically matured as a military
campaign. Rebel money was used in pro
fusion and liberally promised on the comple
tion of jobs. Indeed, Jeff, was willing to
pay for this sort of service, while, his sol
diers went unpaid.
It is a passing suggestion, that English hol
ders of the cotton loan may derive what com
fort they can from the reflection, that their
money was thus spent, and English sympa
thizers with the Rebellion generally, are at
full liberty to feel all the satisfaction the
fact will admit of, arhea they come to know
that they not only recognized as "belliger
ents" a band of assassins, but assisted Iry
every means in their power to carry out
their hellish plots.
The country has much reason to congrat
ulate itself on the wisdom, vigor and faith
fulness with which the investigatiAi has
been prosecuted, and the enormity of the
conspiracy, in its vast ramification, expos
ed. The case has been prepared with great
skill and labor, which we understand, has
been performed principally by that unswer
ving patriot, Judge Holt. The convic
tion and theory adopted by Secretary Stan
ton, at the outset, in his letter to Minister
Adams, that it was the partial failure, of a
grand plot by the rebel leaders, having its
origin in Richmond, has been steadily ad
hered to in prosecuting the case. The devel
opments show with what little less than
marvelous correctness that theory of the
case was adopted and adhered to. We
know now that it was r.ot on conjecture
President Johnston charged complicity on
Jeff. Davis and other leading rebels. He
had proof sufficient to warrant him in doing
so. Enough has been spread before the
world to carry the conviction to every im
partial mind proof enough, it would seem,
to overwhelm with the sense of deepest
shame every person not utterly lust to hon
orable feeling, whether in the South or
"neutral"' countries abroad, who has at any
time or in any manner furnished the slight
est aid to the rebel cause.
Laughable !
It h quite amusing to see the copperhead
papers trying to make it appear that the
surrender of Lee to Gen. Grant was a 'com
promise!' Gen. Grant demanded the sur
render and dictated the terms, and Lee ac
cepted them; just what a conqueror and the
conquered generally do. Next, we expect
to see these same wily copperheads claim
that the surrender of Jeff Davis in Lis wife's
petticoats (to Col. Pritehard's cavalry) was
a compromise, and one which "the Demo
"cratic party has always contended for as
"the basis of the settlement of our national
" troubles !" Will they also te'l us some
thing about Sherman's and John -ton's com
promise, and what it amounted to? Verily,
the copperhead' papers and leaders are great
on "-compromise." It has been their alpha
and omera their only available argument,
night and day, ever since before the war be
gan. And, though the rebellion is squelch
ed, and treason scotched, yet they continue
to ride the "old hoss" compromise with as
much avidity as though his carcass were not
lifeless. Indeed, it would not surprise us in
the least, to hear them assert ere long, that
it was General Grant that had surrendered,
instead of the traitor Lee.
President Johnson's Creed.
"Treason must be made odious and Trai
tors punished." "The time has come for us
to understand that treason is a crime, the
highest of crimes ; in other words, that all
crimes are submerged in treason, and that
he who has committed treason has commit
ted all crimes." "The people must under
stand that treason is the Uackest of crimes
and will be surely punished." "Public
morals and opinions should be established
upon the sure and inflexible principles of
justice." "We must not forget that what
may be mercy to the individual is cruelty to
the State."
General Sherman on Slavery.
Jn a letter to the rebel General Johnston,
General Sherman says: "I believe, if the
South would simply and publicly declare,
what we all feel, that slavery is dead, that
you would inaugurate an era of peace and
prosperity that would soon efface the ravag
es of the past four years of war. Negroes
would remain in the South, and afford you an
abundance of cheap labor, which otherwise
will be driven away ; and it will save the
country the senseless discussions which have
kept us all in hot water for fifty years. :
The Third Series of Seven-Thirties. .
The great success of the 7,30 Loan must
always be looked upon as one of the most
powerful evidences of the strength of tne
Uuited States Government, and of its
strong hold upon the confidence and affec
tions of the people. On Saturday, May 1 3th,
the subscriptions . were over thirty million
dollar, and for the week ending on that
day, over ninety-eight million dollars, and
in the three months that the Loan has been
in charge of Mr. Jay COOKE, ocerfice hun
dred million dollars. These - large receipts
will enable the Treasury to pay off our
armies as they are disbanded, and to rapid
ly discharge the various obligations that
have been incurred during the war. Histo
ry will show that a great war-debt to indi
viduals has uever before been so promptly
paid; and we think all will agree that Sec
retary McCulloch deserves great credit for
the ability he has manifested, not only in
securing the means, but for the financial
skill he has displayed in so directing these
vast receipts and disbursements as not for a
moment to disturb the equilibrium of com
merce, embarrass individuals, or in any way
tighten the money market. It is doubtless
true that the Secretary of the Treasury
might have negotiated the remainder of
his Loans at six per cent, interest instead of
7.30, but so much valuable time would ne
cessarily have been lost in popularizing a
new Loan that the great object of the Gov
ernment, viz., an immediate supply of mon
ey sufficient to pay all the debts incident to
the war, would have been defeated ; and be
sides, the difference of interest would not
have been equal to three days' expenses.
The policy may have looked"penny wise,"but
the best financial authorities", as well as com
mon sence, pronounced it "pound foolish!"
As it is and will be, nosoldier will go home
without his greenbacks, and the floating
debt in the shape of vouchers, requisitions,
S:c., will be wiped out as rapidly as the
proper officers can audit and adjust the ac
counts. The Second Series of the 7.30 Loan was
exhausted on Saturday, May 13th. On
Monday, the Secretary of the Treasury au
thorized Jay Cooke, the general Subscrip
tion Agent for U. S. Securities, to receive
subscritions for $230,000,000 of a Third Se
ries, which is all that is authorized by Con
gress, aud is without doubt the last loan at
this high rate offered by the Goverenment.
There is no terms or conditions of this
Third Series, except that the Government
reserves the right of paying interest at six
per cent, in gold instead of seven and
three tenths in currency a right which
would pre-suppose a return to specie pay
ments, and make six percent, iu gold even
better than the higher rate in currency a
consumation most, devoutly to be wished.
The privilege of converting the notes into
f.20 six per cent, gold bonds at the end of
three years, or receiving payment at maturi
ty, at the holder's option, is retained.
The first day of the Tlyrd Series opened
with a subeription within a fraction of five
million.' and the month of June will cer
tainly see the last of the 7. 30s out of mark
et. How early in June we cannot predict,
but parties who wish to make-sure of a por
tion would do well to be in time.
Full particulars may be found in our ad
vertisin? columns.
Treaty with Columbia.
Late Panama advices state that a most
important treaty has just been regulated
with the Government of Columbia, which,
while it will materially affect American in
terests most favorably, wHl be a great blow
to the Governments of Europe. The Co
lumbian Government to which the Isthmus
of Panama belongs, has renewed their char
ter of the Panama Railroad Company. Ne
gotiations for the renewal of this charter
were so adroitly conducted by the American
agents in Bogota, that the government of
Columbia has granted to th-2 United States
Government in perpetuity, the exclusive
privilege of transporting ruiltary and naval
stores over the ro'ad. England, France and
Spain are completely shut o.ut, except, of
course, in a commercial way. The United
States Government alone has the right to use
it as a military road. What affect this news
will have in Europe can be readily imagined.
The Columbian Government accepts,"as an
equivolent for the privileges, our guaran
tee of its sovereignity over the isthmus,
and security of th.i transit route against all
foreign powers.
Congressmen from the Southern States.
It is not impossible that Congressmen
from North Carolina, Tennessee, Virginia
and perhaps other States lately in rebellion
against the Government, may be chosen in
tim to take their seats in December. In
North Carolina and Virginia, State Conven
tions are on foot to establish former relations
and prepare the way to resuming their old
position in the Union. The Raleigh Stand
ard thinks the way clear for the State. Be
fore the year doses "the good old State of
North Carolina will have all her government
al machinery fully at work, and will be, in
all respects, once more a member of the
American Union."
The only deaths of the occupants of the
Presidential chair prior to the great tragedy
of Good Friday last, were those of William
Uenry Harrison, who died a month after
oeing sworn into omce. ana was succeeded
bv John Tvler. and Zaehnrv Turlnr V. i
died one year and five months after his in- :
k A.? 1 111 . t
auurauon, ana was succecuea Dy .jYluiard i
Fillmore. '
. The Hour of Thought.
1 Our country ha passed through months
'of ferful, deep, distressing excitement.
, We have had the exhiliration of pure, pa
! triotic, lofty joy. We have felt the oppres-
! urii wirlif of lfimA.it.if nnil nf n f t w" n :i 1 crriaf
Laments a nd acclamations have resounded
through Ihe land. The sobs of mourners
have responded to the distant thunder of
battle, and victory has been hailed by the
shouts of a rejoicing people. The sweep
and roarcf the tempest is over. The tri
umph of right is achieved. .The welcome
tramp of heroes returning to their jeaceful
homes is heard in the distance. Greetings
of honor and love will soon ring in our
streets. Divine providence led our nation
through the great conflict of four years, safe,
though not unscathed. Thousands of our
noble men have fallen on the bloody field.
The loved and honored head of the nation
has been slain bv a murderer's hand. Yet,
so numerous and distinguished have been
the divine favors "towards us, that een
sorrow cannot impugn his dispensations.
Amid sobs and tears, it exclaims. "He doeth
all things well."
We have a Government still, the same,
approved Constitutional Government, that
paricidal traitors combined to destroy. It
comes out of the fiery trial, a righteous,
free, strong Government, a protection to
the weak, a terror to evil doers, a praise to
them that do well. We have, still, rulers
of our own choice, faithful to the trust com
mitted to them, true to the general inter
ests, competent to administer the affairs of
the Republic. With him whom we have
lost, they carried the State through the pro
tracted struggle ; with him who is left, they
have steadied it through the last tremendous
shock. Regulated by law and guided by
Providence, they are administering justice,
establishing peace, restoring order.
We have a people imbued with the spir
it of patriotic virtue, evinced not only by
heroic achievements in war, but also by in
tegrity and intelligence in the scenes of
peaceful life. Their trials have rendered
illustrious the gentler, as well as the stern
er virtures of a free and christianized citi
zenship. The privations incident to the
war, the expenses demanded by it ; the sor
rows that it caused, did not shake the firm
resolve with which they embraced it at first,
when armed rebellion struck at the country's
life. Persistent courage, self-sacrificing be
nevolence, unstinted liberality have been
the characteristics of the people, both male
and female, through the long years of the
contest, and a forbearing kindness of tem
per, "has honorably distinguished them in
the midst of many provocations.
We have our institutions of Government,
education, and religion, in unimpaired ex
cellence and in full vigor of operation. The
frightful visage of anarchy has no where
appeared among us. J ustice is administer
ed with a steady balance, school houses and
churches are open and occupied by their ap
propriate assemblies, Hope cheers the
heart of industry, and labor meets its just
reward.
In the hour of thought, these cheering
views of Heaven's bounty toward us pass
pleasantly before our minds, arousing senti
ments of gratitude, suggesting purposes of
continued fidelity to our Government, and
inspiring the benevolent desire that our
country, re-united and at peace, may enjoy
all such blessings, throughout all its extent.
Commercial.
Starving our Soldiers.
During the investigations in the trial of
the Conspirators at Washington, facts have
been developed which fasten the responsi
bility for the inhuman treatment of Nation
al soldiers in the Southern prisons directly
upon Jeff Davis and members of his gov
ernment, and that the system of slow star
vation was decided upon in cabinet meeting
at Richmond the declared design being to
weaken the Union armies by rendering these
unfortunate men forever unfit for sei vice af
ter being exchanged. Now, that the arch
traitor is in the hands of the authorities at
Washington, it is to be hoped that he will
be punished as his enormous and diabolical
crimeo deserve.
A Good Beginning.
General Howard, as Commissioners of
the Freedmen's Bureau, has issued his first
circular. He calls on all commissioners and
Superintendants for information, and con
cludes as follows ; "While it shall be my ob
ject to secure as much uniformity as possi
ble in the employment and instruction ofi
freedmen, I earnestly solicit co-operation
from all officers and agents whose position
or duty renders it possible for them to aid
me. The Negro should understa-d that he
is really free but on no account, if able to
work, should he harbor the thought that
the government will support them in idle
ness." The Best Monument to Mr. Lincoln.
It is proposed, as the best monument to
Abraham Lincoln, to establish a national
hospital to the sick and wounded, and per
manently disabled soldiers and sailors of the
war, to be called after the. lamented Presi
dent. It is contended th.it unless something
of this kind is secured now, while the nation
al interest and sympathy is awake unless
we shall use his name to conjure with, we
shall have the same deplorable results which
have followed every war worthy men re
duced to beggary, dishonesty, or a town
support, as the reward of their service and
sacrifice.
v Opinions of the English Press. '
Commenting on the assassination of Pres
ident Lincoln, the London Globe says :
The news from America will send" a thrill
of horror through the soul. It is too soon
to estimatimate the depth and the breadth of
the great calamity to America and Europe.
Mr. Lincoln had cometnobly through the
great ordeal. He had extorted the approv
al even of his opponents, at least on this side
the water. They had come reluctantly to
admire his firmness and sagacity. lie had
tried to do, and had done what he consid
ered to be his duty with magnanimity. He
had never called vengence upon one indi
vidual in his dealings with foreign countries,
and in his expressions with regard to them,
he had come to be remarkable, because a
mong American Presidents he showed just
ness of view and tone which were not com
mon. In the hours when the cause he had
labored for was about to triumph, and peace
once more prevail over th torn and bleed
ing Continent, he was shot by a cowardly
assassin. Who can say what floodgate this
act may not open, to what other crime it
may not lead. The future however, defies
conjecture. All we can do is to express the
grief we feel that our trans-Atlantic cousins
should have been deprived of one who will
henceforth take rank among the best and
most honored of American Presidents.
The Star says : "The whole civilized world
will lament the cruel death of President Liu
coin. Dying now, that the Proslavery Re
bellion has been put down, and slavery re
ceived its death blow, he has accomplished
the mission which he was raised to fulfill,
and leaves behind him a pure and spotless
name the name of martyr as well a patriot."
English Opinion of President Johnson.
The London Spectator, of May G, has a
long article on our new President, which
commences as follows : A very original,
very determined, it may be very danger
ous, but unquestionably very powerful man,
has succeeded Abraham Lincoln. The pub
lic in this country has been deceived as much
by the formal utterance of Mr. Johnson
when accepting the Presidency as by the ac
cident which threw such ridicule over his
inauguration, iu the subordinate office.
This is no feeble ruler, sure to be a tool in
the hands of his secretaries or the parties
around him, any more than it is a drunken
rough, elevated by an accident and incapa
ble of an idea, but a strong, self-reliaut man,
accustomed to rule, and to rule in a revolu
tion, with a policy as distinct as that of the
oldest. European statesman, and a will which,
be that policy wise or rash, will assuredly
make resistance to it a most dangerous task.
There is not a single point in politics which
it is so important to Englishmen to under
stand as the character of the American
President ; they cannot afford a second mis
take such as that committed about Mr. Lin
coln, and we have passed hours in studying
the speeches and acts of Mr. Johnson as
Governor of Tennessee. The more we have
read the more strongly has the conclusion
grown on u, that the new American Presi
dent is one' of the most individual men on
the continent a rulec who, whatever else
he may do or leave undone, will most assur
edly rule; who will borrow knowledge, but
accept advise only when it harmonizes with
his own preconceived convictions.
New School Presbyterians.
Among the Commissioners elected to the
New School Presbyterian General Assem
bly, which met in Brooklyn the day before
yesterday, are two colore (ministers one from
Philadelphia and the other from Newark.
The Philadelphia delegate, the Rev. Thom
as B. Reeve, was elected as alternate for the
Rev. Dr Brainard, the moderator of the
General Assembly of last year. Dr. Brain
ard is of opinion that Mr. Reeve is the first
colored man ever elected to anv Genera! As
sembly, and he deems it eminently ironer
that the New School branch of the Presby
terian Church, having been the first to e
nunciate the principles of human freedom,
should be the first to rise above the preju
dices of caste. The New School Presbyte
rians, in welcoming the representatives of
the colored race as memln.-rs of the highest
board of the church, have set a noble exam
ple to the other religious denominations of
the land, the general imitation of which
would powerfully aid in the elevation of the
negroes and the reconstruct ion of the South
ern churches, Southern society and the Fed
eral Union. Tribune.
Americans Crossing the Eio Grande.
Anion 2st the sicniucant items of intelli
gence wliich are floating about, is a state
ment made in a letter written by the Mexi
can Geueral Mejia to a gentleman in Wash
ington, that large bands of armed Ameri
cans are crossii g the upper part of the Rio
Grande, that they have so reiuforced Corti-
uas as to compel Gen. Mejia to take refuge
under the walls of Matamoras. The state
ment is also made that so numerous are the
bands actually prowling around that no per
son can go ouisideof Matamoras without
endangering his life ; and as the stream of
emigrants is increasing every' day, Cortinas
will soon have a email army with which he
may ultimately undertake oieratious upon
a erreat scale. These facts, have seriously
affected the central government in Mexico
which, taking the alarm, has looked upon
them as indicative of an intention on the
part of the United States to interfere in the
Mexican question, and has, inconsequence,
modified its former plans, concentrated its
forces, and abandoned, for the present, ail
projects of disseminating its troops upon a
great circumference.
Sherman and Stanton.
Every one who admires courage and pa
triotism, and who has the interests of his
country in his heart, will regret to see a dif
ficulty between the two men whose names ap
per at the herd of this article. Each has
in his proper sphere and in his peculiar
way, done great service during the war. It
would h hard to say which has contributed
the most to overthrow the rebellion. We"
see no good result from a controversy be
tween them. General Shebmax cannot
convince the people that his treaty with
Jpnnston waseither wise orexpedient. And
if Secretary Staxtox were so disposed.
which he is not, he i ould not convince the
people that the gallant soldier, who has
conquered so many rebel armies and strong
holds, was influenced by any unpatriotic
motives in his ill-advised conferrence with
Johnston. The matter had better rest
where it is. Chronicle.
Gen. Eosecrana in TWtn
, - ".vy,
Boston, May ll.-Major General
crans vwted Representative Hall to dav 5
made a snef-fb w,;,i . .t ..... - dua
i- - . . sec in iartv
; letters in newspapers to-day, 'General Pl0i
... .,i..s ,., jaise iwtnty nve thousai.4
men to go to Mexico.' General IlrJ
is not going to do any such a thine J
Losecrans thinks the soldiers Lave Whi
this great battle for freedom, and have
it with more patriotic motives than evfcr
have been seen, and who having distinct)
ed themselves will not K?rmit themselves t0
be misled nor should they be misled from
their high and honorable course with anv
bucaneering expedition." The General W
ther said : "He had hoped to see pUL-
pinion directing our young men into cLan
nels of peaceful industry, in which he fro
posed to set the example. I have taken i oe"
casion to make these remarks, because Trben
in Washington, men willing to shout 0nit.
thing or another, men who advanccm-nt
hitherto has not been sufficient to fivi
their ambition, but if you exanrntTth
names of those mentioned in the advance?
ment you will find they are third cla f!
lows who are not worth a snap and that our
common soldiers were worth a doz-n of
them." At the clo.-e of his -peech three
rousing cheers were given for Gtneral" Rose
crans, and three for the army of the Cum
berland. tyU will t charged dovblt pri ttfonjrt or,fiU
MUSIC I..-PROF. V. U,JHTox. "
fully announces thst be will be in Cl, ;
in few weeks nd will take a limited vZVrff
pupiig id Piano mo nic Pianos tnne.l acj
eii on reasonable terms. May 1C!
LIME. We are now prepared t,.furni,h
and coal-burnt Lime, from ;U cM,rtJ
"Uellefonte Limestone," at fLort ni.tir,. our
wood-burnt Lime is equal tuaur oiber Lime pro
tluced in tbe Spite. Orders tu'ship tj Railtul
promptly attended to. Addre.
SIIUHILllMii; i CO .
May 2i. I8S3-3m. liellefi.iite. l'
U. S. 7-30 L O A N.
THIRD SERIES.
230,000,000.
Bj authority of the Secretary of the Trcai-ur;,
the and ersigned, the (aencral Subscrip tiou Ageul
for the site of Unite JJSUte securities, offers tw
the public the third series of Treasury Nolfr
bearing seven aud three-tt&tha percent iut-re,l
per annum, known as the
7-30 LOAN'.
These notes are issued under date of July I5tt,
ISoo, and are payable three years from that dni
in currency, or are Convertible at the option of
the holder into
U. S. o-:M Six per ct-nt.
GOLD-BEA1UNG HONDS,
These Bunds are now worth a handsome premi
um, and are exempt, as are all the Govetuu.iiV
Honda, from State. County, and Municipal taxa
tion, which adds front one to thr.-e per ceot. per
annum to their value according to the rate levird
upon other proper ty . The interest is payable e.i
cnnually by coupon? attached to each note. which
may be cut eff and sold to any bank or banker.
The interest at 7.80 pc-rct. amounts to
One cent per day on a ?f0 iioe.
Two cents per ..by on a 100 note.
Ten cents vi cl;iy on a S"'.KJ note.
-0 cents per day on : h is.
$1 per day on a .jOu(j iiote.
Notes of all the denoui rtuition named wiil tie
promptly furnished upon lecciptuf- subs:-ri.tiuca.
The Notes of this third series are precisely sim
ilar in form and privileges to the Seven Thirties
already Paid, except that-tbc Government reserves
to itself the option of paying interest in gul f dit
at f per cent., instead of 7 S-lOths ia currency.
Subscribers wi".l deduct the interest in curre&ry
tip to July 15th at the time they subscribe.
The delivery of the notes of this thirl .-cr-p cf
the Seven thirties will commenco on the 1st uf
June, and will be made promptly aud contiuous
ly after that date. The slight change uiaJc in
the conditions of this Third Series affects nlTtb
matter of interest. The payment in gold, if matie,
will be equivalent to the currency intere.-t f the
higher rate.
The return to specie p:iyuients. in the event of
which only will the option to pay interest in KoM
be availed of, would so reduce and njunlize pri
ces that purchases made with six per cent, in g"d
would be fully equal to those made with seven and
three-tenths per cent in currency. Thii ii
The Only Loan in Market
Now offered by the liorernuient. and i!s superior
advantages make it the
(Jreut Popular Loan of the People.
Less than $200,000,000 ot the Loan authorized
by the last Congress are now on the market. This
amount, at the rate at which it is being absorbed
will all be subscribed for within two months. when
the notes will undoubtedly command a premium,
as has uniformly been the case on closing ih
subscriptions to other loans.
In order that the citizens of every town n'
section of country may be afforded facilities f
taking the loan, the National Banks, Stite Banks,
and Private Bankers throughout the couBtry b
generally agreed to receive subscriptions at par
Subscribers will select their own agents, iu whoat
they have confidence, and who only are to be re
sponsible for the delivery of the notes for
they receive orders.
- JAY COOKE.
Subscription Agent, PhiUdelpbn
May 15th, 1865.
Subscriptions will be received at the
First National Bank of Clearfield.
First National Bank of Curwensvilk.
County National Bank of Clearfield.
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