North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-01-20
IT'S, | J S,5-2()'S

The Secretary of the Treasury has not yet Civ
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 aud paid into the TREASURY, mostly
within the last seven months, The large demand
from abroad and the rapidly increasing home de-
mand fer useias he basis for circulation by Nation
al Banking Associations now Organizing In all parts
of the country, will cry short period, absorb the
balance Sales have lately ranged from ten to fifteen
millions eekly frequently exceeding three millions
daily, and it is we'll known that the Secretary of the
Treasury has ample and unfang resources in the Du-
ties on Imports end Internal Revenues and in the
issue Of the Interest bearing Legal Tender Treasury
notes, It is almost certainty that he Will not find it
necessary, for long time to come, TO seek a market
for any other long 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 of all who
have idle money in their hands to the prompt con-
cuson that they should loose no time in subscribing to
this most popular Joan. 1t will soon be bevond their
reach, and advance to 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 long time
past, amounted to Quarter of a Million of dol
lars daily, sum nearly three times greater than
hat required in the payment of the interest on all
the 5-20'S and other permanent Loans So that it
is hoped that the surplus Coin in the Treasury at no
distant day, will enable the United States to resume
specie payments upon all liabilities.
The Loan is called go from the fact that whilst
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 half-yearly, viz: on
first days of November and May.
Subscribers can have Coupon Bonds, which pay
"SAS
Registered Bonds of same denominations, and in ad
diton IS 600 and $4,000. For Banking purposes
and for investments of Trust-mOneys the Registered
Bonds are preferable.
These 5-20's cannot he taxed by States cities,
towns counties, aud the Government tax OR them
is only one-and half per cent on the amount ofin-
come, when the income of the holder exceeds Six
Hundred dollars per annum; all other in 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
so great; but 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. !