North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-01-13
IT'S, i -22()'S

The Secretary of the Treasury has not YET Civ
notice of any intention to withdraw this Iopul.5
Loan from Sale Par, and until ten days no;i.r Is
given, the undersigned. As General Subscrip-
tioD AGENT will continue; to supply the public
The whole amount Of The Loan authorized Is Five
Hundred Millions of Dollars Nea'iy -Four Har-
dred Millions have been already subscribed
| for and paid into the TREASURY. rnUsjl,
within the last seven months The large Iemaut
from abroad, and the RAPIDLY Increasing home de
mani for n-ejas the basis for circulation by Nation
al Banking Associations aIzing in all pa-r>
Of the country, will in cry short period absorb the
balance Sales have lately ranged from len to fifteen
millions eclly II. quent.y exceeding three ,ri,us
daily AMI it is well known that The yeta-v of tie
Treasury has ample ami unfriling resources in tie uu-
lies on Imports nj Internal Revenues and in the
issue of the Interest bearing Lega Tender Treasury
notes It is almost certainty that he will not find it
necessary, Tor lon; time 10 come. to seek a market
for any other long rr 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 well as he minds f all who
have i6!o money IN their hands to IN rorrpt c.r
cuson thar they 81 uId loose 10 time in subcringt t.
this most popular oan II will soon be beyond their
reach and advance to a 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
II Is A SIX PER CENT LOAN. the interest
arc Ir ncpaI PADYALE IN COIN, thus yielding
NINE PER CENT. PREMIUM. at the present
rate OF premium on coin
The Government requires all duties on imports to
oe paid IN Coin; these duties have for long tine
past, amounted to over i Quarter of Million of dol
lars daily, sum nearly three times greater than
hat required in the payment of the interest on all
the 5-2O's and other permanent Loans SO that it
is hoped that the surplus Coin in the Treasury, at no
distant day will enable ths United States to resume
specie payments upon al liabilities.
The Loan is called $50 from the fact that ybrls.
the Funds may run for 20 years, yetthe Government
has right to pay them off in Gold at par at any
time after five years.
The Interest is paid haIf-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 ,s5 900 and $4,000 For Banking purposes
and for investments of Trust moneys 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 oneanda half per cent, on 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 ree to five per cent tax
on the income.
Banks and Bankers throughout the Country win |
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
great; but interest commences from the day Of
subscription, no loss is oecasoned, and every effort
is being made to diminish the delay
j. COOKE.
SUBSCRIPTION AGENT,
ia SOUTH THIRD STREET PHILADELPHIA