North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-03-16

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. "General Subscrip-
tion Agent" will continue: to supply the public
The whole amount of tho Loan authorized is Five
| Hundred Millions of Dollars Nearly -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 use;as the basis for circulation by Nation
al Banking Associations now oganzing in all parts
of the country, will in ery short PERIOD absorb the
balance. Sales have lately ranged from ten to fifteen
millions eekly, frequently exceeding three million
daily, and it is we'll known that the Secretary of the
Treasury has ample and upfaing resources in the Du
ties on Imports nd Internal Revenues and in the
issue of the Interest bearing Legal Tender Treasury
notes, il is almost certainty that he will not find il
necessary, for long time TO come to seek market
for any other long permanent Loans, THE IN
| TEREST AND PRINCIPAL OF WHICH ARE
PAY ABLE IN GOLD.
Prudence and seli inter st must force the minds
those contemplating the formation of national Bank
ing Associations as well :he min Is of all who
have Idle money in tn ir hands, to The prompt con
clusion th they should loose time in subscribing 10
this most popular 1t will soon be beyond their
reach, and advance to q handsome premium, as was
the result with the Seven Thirty" Loan, when it
was all sold and could no longer be subscribed for
at par.
IT IS A SIX PER CENT LOAN. the interest
ard Principal PABYALE IN COIN, thus Welding
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 a long time
past, amounted to Quarter of Million OF dol
lars daily, nearly three times greater than
hat 'equred in the payment of the interest on all
the 5-20s and other permanent Loans. So that it
hoped that the surplus Coin in the Treasury at no
distant day, 'rR enable the United States to resume
specie payments upon all liabilities.
The Loan iscaed $50 from the fact that whist
the Funds may run for 20 years. yet the Government
has right to pay them off in Gold at par, at any
time after FIVE years.
The Interest Is paid half-yearly, viz: on
first days of November and May.
Subscribers can have Coupon Bonds, which are ply
able tc bearer, and $50, $500, ami $1,000; or
Registered Bonds of same denominations and in ad-
diton ,S5 900 and $4,000 For Bankin; purposes
ard for investments of Trustmoneys the Registered
Bonds preferable.
These 5-20's cannot be taxed by States cities,
towns or counties, AMI the Government tax ON them
is only one-and half per cent, the ofin.
come, when the income of the holder exceeds Six
Hundred dollars per annum all other in vestments
such as income from Mortgages Railroad Stock and
Bonds etc. must pay from three to FIVE per cent. tax
the income. .-...T ....-.
Banks and Bankers throughout the Country will
continue to dispose Of the Bonds aud all orders by
mail or otherwise, promptly attended to.
The inconvenience of few days delay in the de-
livery Of the Bonds rs unavoidable, the demand being
great; but interest commences from the day of
subscription no loss is oceasioned and every effort
IL being made to diminish the delay.
j. COOKE.
SUBSCRIPTION AGENT,
ia SOUTH THIRD STREET PHILADELPHIA
Ptiicis'1hss re+eeot-ss 7S. less