North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-12-07
= u. s. Z 80 Loan.

The Secretary ofhe Treasury gives potiea .k.s.
subscriptions will be received for Coup In Trsas.rd
notes payable three years from Aug. l5th ir61
with smi-anual interest at the rate of seye . 4.
three three -tenths per cent per anpum.-pr,n,i
and!ntrest both to be paid in lawful money
Thee notes viii be convertible at the option sS
the holder at maturity, into six per cent, geld bear
ing bonds, payable not less than FIVE nor more than
twenty years from their date, as the Government
may eject. They will be issued in denomination
OF sou slOo, $500, $1,000 aaq s5, ,00O and all sub
scriptons must be for fifty dollars or some multipl
of fifty dollars
Inc notes viii be transmitted to the owners fres
OF transportation charges after the resen eS
the orginul Ger ritcates of Deposit rs thew eas rbs
prepared.
As the notes draw interest from Auops, fs
sons making deposits subsequent to that date rsusa
pay the interest accrued from date of note tedate az
deposit. - -
Parties depositing twenty five thousand dslls&
ana upwards for these notes at any one time win
allowed acommissOn of one quarter of one DER cen
wnlch VIII be paid by the Treasury Departments ant
on the receipt of bill for the amount certified 10
by the othcer with whom the deposit was made No
deductions for commissions must be made frem ths
deposits.
SPECIAL ADVANTAGES OF THIS LOAN
1T is NATIONAL SAVINGS BANK, Offering higher
rate ointerest than any other and hebest securing
Any savings bank which pays its depositors In U: B.
Notes, consider that it is paying in the best circpla
ing medium of the country, and it cannot paw in
anything better for its assets are either in gsv-
ernment securities or in netes or bonds pavabIe i'm
government paper.
1t is equally convenient as temporary or pelma-
nent investment. The notes can always be sold fer
within fraction Of their face and accumulated ipte-
rest and are the best security with banks as cellst
rails for discounts.
CONVERTIBLE INTO ASK PER CENT 5-2O Coin RoNp
In addition to the very liberal interest on the
notes for three years. this privilege of conversion is
now worth about three per cent per annum for the
current rate for 6-20 Bonds is not less than niae
per cent premium, and before the war the premium
on six per cent, U. S. stocks was over twenty per
cent, 1t will be seen that the actual profit on this
loan at the present market rate is not less than ten
per cent per annum.
It's EXEMPTION FROM STATE OR MUNICIPAL TAXATION
But aside from all the advantages we have emu.
moratcd n special Act of Congress erempEs all bena
and Treasury notes from local taEattoa On the
average tn 5 exemption is worth about two Del cent
per annum, according to the rate Taxation in va
rious parts Of the country. .rg
II is believed that no securities offer so great in
dueements to lenders as those issued by the govern
ment In ali other forms of Indebtedness the faith
or ability OF private parties stock companies or
sePerate communities, only, pledged for paymeAs
secure the discharge of all the obligations of tho
United States
While the goyemnrent offers the most liberia 7
terms tor Its loans 1T eeve dthat the very strong
est appeal will be to the loyalty and patriotism Of
the people.
Duplicate certificates will be issued for all do
posts. The party depositing must endorse upon
the original certificate the denomination of notes
required aud whether they to be issued in blank
or payable to order When so endorsed il must be
left with the officer receiving the deposit to bs for
warded to TIL Treasury Department
subTealptions will be received by he Treasurer Of
the United States, At " ashingtcn, the several Az
sstant Treasurers and designated Depositaries, aad
| bp the
FIRST AND SECOND NATIONAL BANKS OF
SCRANTON, FIRST NATIONAL BANK OE
TOWANDA. F.-.rHr1
and by all National Banks which are Repositories ef
! public money and
| ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further Information
a7d
AFFORD EVERY FACILITY TO SUBSCRIBERS