North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-09-07
e. S. 1O-1O Bonds.

These Bonds areissued under the Act ofoongrsss
Of March 9Th, 1864, which provides that ALI Bond
Issued under this Act shall be Exempt FROM
TAX ALTON by or under any state municipal au-
tn rity Subscriptions to those Bonds are received
in United States notes or notes of National Banks
They are TO BE REDEEMED IN COIN. at the
pleasure of the Government a. any period not less
than ten nor more than forty gears from their date
ana 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-annuaiIy. The interest is payable
-ontho first days of March and September in each
year. -..... .-g
Subscribers will receive either Registered or Cou-
Ion Bonds. as they may prefer. Registered Bonds
arc recorded on the books of the L. S. Treasurer
and can be transferred only on the owners ORDER
Coupon Bonds are payable to bearer. and are more
convenient for commercial uses.
Subscribers TO thlSloan will have the option of
having their Bonds draw interest from March lst, by
payin- the accrued interest in coin-(ori in United
States or the notes of National Banks, adding fifty
per cent from premium,) or receive them drawing
interest from the dGte of subscription ana deposet-
as theses Bnnd are
Exempt from Municipal or State Taxation,
their value is increased from one to three per cent
per annum, according to the rate oft levies in
various parts of the country.
At the present rate ofpremum gold they pay
Over Eight per Cent Interest
in currency. and are of equal convenience as per-
manent or temporary investment.
It 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-
nies or separate communities only is pledge Cor
payment. while for the debt of the United States
the wEc "a property of the country is holden to Sc
cure the >y,nent of both principal and interest in
coin
These Bonds may be subscribed for in sums from
$50 up to any magnitude, on the same terms, and
are thus made equally available to the smoest len
der and the largest capitalist They can be convert
ed into money at any moment, and the holder will
| have the bene.t of the interest.
1t may be useful to state in this connection that
the total Funded Debt of the United States
which interest is payable in gold, the 81 day of
March, 1864 was S768, 965 900. The interest on
this debt for the comng fiscal year will be S45,927,
1876 while the customs revenue in gold for the
rent fiscal year, ending June 30th, 1854 has been
50 far at the rate of over 500, 100000 per annum
1t will he seen that even the present gold reve-
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 $50 coo 600
! per annum.
Instructions to the National Banks acting as loan
agents were rot issued from the United State reas
ury until March 26, but in the first three weeks Of
April the subscriptions averaged more than TEN
| MILLIONS WEEK
Subscriptions Will be received by tbs
First National Bank Of Philadelphia, Pa.
Second National Bank ef Philadelphia, Pa.
The National Bank of Philadelphia Pa
AND ALL NATIONAL BANKS
whicn dePositaries of Public money, and all
REsPECTACLE BANKS AND BANKERS
throughout the country (aetiug as agents Of the
National Depositary b rnks } will furnish further
| information application and
! AFFORD EVERY FACILITY TO SUBSCRIBERS
s.1.-,.c.r. ". sror,1.-c1 - en.r>ra.,.r.rn