North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1863-12-23
U,S,5-20'S

The Secretary of the Treasury has not yet Civ
en- notice of any intention to withdraw this popular
Loan from Sale at Par, and until ten days notice is
given, the undersigned as General Subscrip-
tion AGENT" will continue; to supply the public
The whole amount of the Loan authorized is Five
Hundred Millions Of Dollars Neatly Four Hun
dred Millions have been already subscribed
for and paid into the TREASURY, mostly
within the last seven months. The large demand
from abroad, and the rapidly increasing home de-
mand for useias the basis for circulation by Nation
al Banking Associations organizing in all parts
of the country will in cry short period, absorb the
balance Sales have lately ranged from ten to fifteen
millions eeky frequently exceeding three millions
daily and it is we'll known that the Secretary of the
Treasury has ample and uDfaing resources in the Du-
ties on Imports end Internal Revenues and in the
issue of the Interest bearing Legal Tender Treasury
notes ii is almost certainty that he will not find it
necessary for a long time to come, to seek market
for any other long or permanent Loans, THE IN
TEREST AND PRINCIPAL OF WHICH ARE
PAYABLE IN GOLD.
Prudence and self interest must force the minds of
those contemplating the formation of national Bank
ing Associations, as we'll as the minds Of all who
cuson tn 1t they should loose no time in subscribing to
this most popular oan 1t will soon be beyond their
reach, and advance to handsome premium was
the result with the " Seven Thirty" Loan, when it
was all sold and could longer be sub scribed for
at par.
IT is SIX PER CENT LOAN. the interest
ard Pr ncipal PABYALE IN COIN, thus yielding
NINE PER CENT. PREMIUM. at the present
rate of premium on coin.
The Government requires all duties on imports to
be paid in Coin; these duties have for long time
past amounted to over L Quarter of Million of dol
lars daily, sum nearly three times greater than
hat required in the payment of the interest on all
the 5-20s and other permanent Loans. So that it
is hoped that the surplus Coin in the Treasury, at
distant day, will enable the United States to resume
specie payments upon all liabilities.
The Loan is called $40 from the fact that whilst
the Funds may run for 20 years. yet the Government
has q right to pay them off in Gold at par, at any
time after Eve years.
The Interest Is paid half-yearly, viz: on
first days of November and May.
Subscribers can have Coupon Bonds which are pay
able to bearer, and are $50, $500, and $1,000; or
Registered Bonds of same denominatIons and in ad-
diton 81, 900 and $4,000. For Banking purposes
and for investments of Trust the Registered
Bonds are preferable.
These 5-20's cannot be taxed by States cities,
towns or counties, and the Government tax ON them
is only a-half per cent, the amount ofn-
come, when the income of the holder exceeds Six
Hundred dollars per annum all other investments,
such as income from Mortgages, Railroad Stock and
Bonds etc, must pay from three to five per cent tax
on the income.
Banks and Bankers throughout the Country will
continue to dispose of the Bonds and all orders by
mail or otherwise, promptly attended to.
The Inconvenience of few days delay in the de-
livery Of the Bonds Is unavoidable, the demand being
90 great bat interest commences from the day OF
subscription, no loss is occasioned, and every effort
| is being made TO diminish the delay.
j. COOKE.
SUBSCRIPTION AGENT,
ia SOUTH THIRD STREET PHILADELPHIA
Philadelphia, November IS, 1863,