North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-07-27
U. S. 1910 Bonds.


These GonIs are issued under the Act OF Congress
Of March 6th, 1864, which provides that all Bond
Issued under this Act shall be EXEMPT FROM
TAXATION by or under any state or municipal au-
tn ,rity Subscriptions to these Bonds received
in United States notes or notes Of National Banks,
They are TO BE REDEEMED N COIN at the
pleasure of the Government a; any period not less
than ten nor more than forty years from their date
and 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 sem-annualIy. 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
arc recorded on the books Of the [. s, Treasurer
and can be transferred only on the owners order
Coupon Bonds payable 10 bearer. ana more
convenient for Commercial! uses.
Subscribers to this loan will have the option of
having their Bonds draw interest from March list, by
payin the accrued interest in coin (or in United
States or the notes of National Banks, adding fifty
per cent, from premium) receive them drawing
interest from the dcte of subscription and deposet-
as theses Bond
Exempt from Municipal OF State Taxation,
their value is increased from one to three per cent
Der annum, according to the rate Of tax leyies in
various parts of the country
! AT the present rate ofpremium on gold they pay
Over Eight per Cent Interest
in currency. ana of equal convenience as per
IN nent temporary investment.
1t is believe that securities offer so great in
ducemenis to lenders as the various descriptions OF
Us Bonds In all other forms of indebte lness, the
faith or ability Of private parties or stock compa-
nies or separate communities only IS pledge for
payment, while for the debt of the United States
the whc property Of the country, is holden to Sc
cure the ; vmeut 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 smallest len
der and the largest capitalist They can be convert
ed into money at any moment aal the hoiier will
have the beue.t OF the Interest.
1t may be usclui to state in this connection that
the total Funded Debt Of the United States en
which tercst is payable in gold, on the 81 day of
March 1864. was s768 955 900 The interest on
this debt tor the coming fiscal year will be $i5,9Z7,
I25 while the customs revenue in goli for the cur
rent fiscal year, ending June 30tb, 1854 has been
50 far a: the rate Of oyer Sl00,0J00O0 per annum
1t will be seen that even the pres mt gold reye-
nue. of the Government are 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 OOO, 900
per annum.
Instructions TO the National Banks acting as loan
agents Issued from the Uuited State reas
ury until March 26 hut in the first thee weeks Of
April the subscriptions averaged more tLan TEN
| MILLIONS a WEEK
Subscriptions will De 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
when are deposaries Of Public money, and all
REePECTACLE BANKS AND BANKERS
| throughout the country, (acting agents of the
National Depository B,nks) will furnish further
information application and
AFFORD EVERY FACILITY TO SUBSCRIBERS