North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-09-07
us. a7-3O LOAN

The Secretary q the Treasury gives notice that
Subscriptions wH be received for Coupon Treasury
notes, pa lyahle tb rec years from Aug I5th. 1861
with srmI-anuai interest ~ the rate Of seven and
three three -terths per cent per anr,nn --rr,ncnbI
and interest both to be paid in lawful money
These notes will be convertible at the oIyIol of
the holder at maturity into six per cent geld bear
ing bonds, payable not less than five more than
twenty years from their date, rs the Government
may eject. They will be issued in denominations
Of $5Q 800, sou, 81 O00'aaq s5 600. and all sub
scripions must be for fifty dollars or some multiple
of fifty dollars.
The notes will Transmitted to the owners tren
of transp0tati charges s)on after the recent IF
the otignul Certificates of Deposit as they can Le
prepared,
As the notes draw interest from. August Is mar.
sons making deposits subsequent TO that date rust
pay the interest accrued from date of note todae f
deposit. ' " .-
Parties deposti,s twenty y-fve thousand dollar,
and upwards for these mites t my one time win be
allowed acomlnssion of one quarter of one rar cent
which will be paid by the Treasury Department up
the receipt cfi bill far the amount certified TO
by the Officer with whom the deposit was made No
delcti ions for commissions must be made from the
deposits. ..-.-
. r. SPECIAL ADVANTAGES OF THIS LOAN.
IT IS \ NArfCNAL SAVINGS BANK, offering higher
rate of interest than any other aul The best securing
AEv savings bnk which pays its epositprs IN L. S.
Notes consider that it is paying in the best crcua-
cannot
ANYTHING better for lis assets are either in gov
ernInent securities in netes bonds payable in
government paper. -...- n
1t is equally convenient as temporary or peIma-
nent invcStment. The notes can always he sold for
within fraction Of their zee and accumulated iute-
rest and are the best security with baaks as colate-
rails for discounts.
CONVERTIBLE INTO ASK PER CENT. $50 GOLD BOND
In addition to the very liberal interest on the
notes for three wears this privilege of conversion ia
WOW word a pr 0pUI1tu fart
current rate for 62U Bonds is not less than nine
per cent premiur,, and before the war the premium
on six par cent l. >. stocks over twenty per
cent 1t will be seen that the actual croft on this
loan at the present market rate is not less than ten
per cent. per apnum.
ITs EXEMPTION FROM STATE OR MUNICIPAL TAXATION
But aside from all the advantages we have emu
morateda special Act of Congress erempts all bonds
and Treasury notes from t0cdi tdrditon On the
average, tn exemption is worth about two per cent.
per annuuI, occorpg the rate of taxation in va
riuus parts Of the country.
1t is believed that no securities offer so great in
ducements lenders as those Issued by the govern
ment In all other forms of inde' tcdness the faith
or ability Of private parties, or stock companies or
sepcrate communities, only, pledged for pa,ment,
while the whole property Of the eountr is held to-
secure the discharge of ali the obligations Of the
United States
While the government offers the most liberal
terms for its loans II believe dthat the very strong
est appeal viii be to the loyalty and patriotism Of
the people. r
Duplicate certificates will be issued for all de-
posijs. The party deposising must endorse upon
the originai certificate the denomination of notes
requlrcd aud whether they are 20 be issued in blank
or payable to order When endorsed it must be
left with the officer receiving the deposit, to be for
warled to III, Treasury Department.
Subscriptions will DC received by the Treasurer of
the United Sta,cs, at Washington, the several As
sisant Tgeasurers and designated Depostaries, aad
by the
FIRST AND SECOND NATIONAL. BANKS OF
SCRANTON, FIRST NATIONAL BANK 0E
TUWANDA.
and by al National Banks which Repositories of
public money, ard
ALL RESPECTABLE BANKS AND BANKERS
throughout the country viii give further Information
a -..y
AFFORD EVERY T AGILITY To SUBSCRIBERS