North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-08-31
U. S. 1910 Bonds.

~ ~ " ~ A1 " AA NAh1~
These Bonds are issued under the Act of Congress
of March sth 1864, which provides that all Bond
issued under this Act shall bO EXEMPT FROM
TAXATION by or under any state or munlelpal au-
h,rity Subscriptions to these Bonds are received
in United States notes notes of National Banks,
Tbev are TO BE REDEEMED IN COIN, at the
Measure of the Government, a: any period not less
than ten nor more than forty years from their date
AMI until their redemption FIVE PER CENT IN
TEREsT WILL BE PAID IN COIN, on Bonds of
not over one hundred dollars annually and on all
other Bonds semi-annually. The interest is payable
on the FIRST days of March and September in each
year.
Subscribers will receive either Registered or Cou-
pom Bonds, as they may prefer. Registered Bonds
are recorded on the books of the U. g. Treasurer,
and can be transferred only the owners ORDER
Coupon Bonds are payable to bearer, and are more
convenient for commercial
Subscribers to this loan will have the option of
having their Bonds draw interest from March ls by
paying the accrued interest in con-(or in United
States or the notes of National Banks, adding fifty
per cent. from premium) or receive them drawing
interest from the date Of subscription and deposet
as theses Bond
Exempt from Municipal or State Taxation,
their value is increased from to three per cent
per annum, according to the rate of tax levies in
various parts of the country,
At the present rate of premium gold they pay
Over Eight per Cent Interest
in currency, and are of equal convenience as per-
manent or temporary investment
1t is believed that securities offer so great IN
ducements to lenders as the various descriptions of
US Bonds In all other forms of Indebtedness, the
faith or ability of private parties stock compa-
MES or separate communities only is pledget for
payment, while for the debt of the United States
the whols property of the country is holden to Sc
cure the ,yment of both principal and interest in
coin.
These Bonds may be subscribed fer in sums from
$50 up to any magnitude, on the same terms, and
der and the largest capitalist They be convert
ed into money at any moment, and the holder will
have the benet of the interest.
1t may be useful to state in this connection that
the total Funded Debt Of the United States on
which interest is payable in gold, the 3D. day Of
March, 1864. was s768, $685. 900. The interest on
this debt for the coming fiscal year will be Sl5, ,927
l26, while the customs revenue in gold for the cur
rent fiscal year, ending June 30th, 1854, has been
so far at the rate of over slOO,OOO,0OO per annum
1t will be seen that even the present gold reye-
nue. of the Government largely in excess Of the
wants of the Treasury for the payment of gold in
terest, while the recent increase Of the tariff will
doubtless raise the annual receipts from customs on
the same amount of impartations, to $3.50 0O0 600
per annum.
Instructions to the National Banks acting as loan
agents not issued from the United State Treas
urY until March 26, but in the first thlee weeks Of
| April the subscriptions averaged more than TEN
| MILLIONS A WEEK.
| Subscriptions will be received by the
| First National Bank of Philadelphia, Pa.
| Second National Bank eff Philadelphia Pa.
| The National Bank of Philadelphia Pa.
| AND BY ALL NATIONAL BANKS
whicn are depositaries of Public money, and all
| RESPECTABLE BANKS AND BANKERS
throughout the country (acting as agents of the
National Depostary Banks will furnish further
information application and
AFFORD EVERY FACILITY TO SUBSCRIBERS
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