North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-11-30
u. =. Z 80 Loan.

The Secretary ofhe Treasury gives notice thatv
subscriptions will be received for Coup in Treasurd
notes payable three years from Aug 18th. Is6
with smi-annal interest at the rate Of seven and
three three e-tenths per cent Per GnLum-princip
and!Dtrest both to be paid in lawful money
Thee notes will be convertible at the option sf
the holder at maturity into SIX per cent, geld bear
ing bonds, payable not less than five nor than
twenty years from their date, as the Government
| may elect They will be issued in denomination
of $50 $780, $500, 81 900 aaq S5 GOO, and all SUBJ
scriptons must be for City dollars or some mutipl
of fifty dollars
The notes will transmitted to the ,wners free
of transportation charges after the receipt of
the orignul Certificates OF Deposit as they can be
prepared,
As the notes draw interest from August l5 Der
sons making deposits subsequent to that date rrust
pay the interest accrued Gom of note to date of
deposit.
Parties depositing twenty-five thousand dolIsh
and upwards for these notes at any one time will
allowed commission Of one quarter of oneper
which Will be paid by the Treasury Department rpt
on the receipt of bill for the amount, certified TO
by the officer with whom the deposit was made No
deductions for commissions must be made from the
deposits
SPECIAL ADVANTAGE OF THIS LOAN.
IT is A NATIcSAL SAVINGS BANK, Offering higher
rate otinterest than any otder and hebest securing
Any savings bank which pays its depostors III u B.
Notes, consider that it is paying in the best crcula-
ineuluH OF the country, ana II cannot pay In
anything better, for its assets are either in gsr-
ernment securities or in netes or bonds payable in
government paper.
1t is equally convenient IS temporary or pelma-
nent investment. The notes always be sold fer
within fraction Of their face and accumulated nte-
rest and arc the best security with banks as coate-
rails for discounts
CONVERTIBLE ISro SIX PER CENT $50 GoLB BoyB
In addition to the very liberal interest the
notes for three years this privilege of conversion 10
now worth about three PER cent per annum for the
current rate for $40 Bonds is not less than nine
per cent premium, and before the war the premium
on SIX percent, l. ;. stocks twenty Per
cent, 1t will be that the actual preft on this
loan the present market rate is not less than ten
per cent. per annUm
lTS EXEMPTION FROM STATE on MUNICIPAL TAxATIer
But aside from all the advantages have
m"rated,a special Act Of Congress ecemptS all bonds
and Treasury notes from igcal taxation. On ths
average, tn exemption is worth about two per cent
per annum, occordrS to the rate Of axation in va
rious parts OF the country.
1t Is believed that securities offer so great in
dueementS 70 lenders as those issued by the govern
ment In ali other forms Of Indebtedness. the faith
or ability OF private parties, stock companies,
seperate communities, only, pledged for payment
while the whole property Of he COUntr is held to
secure the discharge OK ali the obligations of the
United States
While the govamnrent offers the most liberal
terms for its loans it e.ieve athat the very strong
est appeal viii be TO the loyaIy and patIotisn Of
the people
Duplicate certificates will lie issued for all de
posts. The party derositing mast endorse upon
the original certificate the denomination Of notes
required, and whether they to be issued in banx
or payable 10 order When 81 endorsed il must be
left with the officer receiving the deposit 10 be for
warded to tn Treasury Department.
SubTcaitjons will je received by :he Treasurer Of
the United States, 1T ashingiCn the several As
slStant Ireasurers and desgna ed Depostaries, aad
bp the