North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-08-24
u. S. 7-3O Loan

The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
notes, payable three years from Aug. 18th, 1864,
with semi-anual interest at the rate of seven and
three three-enths per cent per annum,-prlncPal
and interest both to be paid in lawful money
These notes will be convertible at the option of
the holder at maturity into six per cent gold hear
ing bonds, payable not less than FIVE nor moro than
twenty years from their date, as the Government
may elect. They will be issued in denominations
of $50. 500, $500, s. 600 aaq s. 000 and all sub
scriptons must be for fifty dollars some multiple
of fifty dollars.
The notes will be transmitted to the owners free
of transportation charges after the receipt of
the originu4 Certificates OF Deposit they can be
prepared.
As the notes draw interest from August Is, per-
making deposits subsequent to that date must
pay the interest accrued from date Of note TO date OF
deposit.
Parties deposit;ug twenty-five thousand dollars
and upwards for these any one time will be
allowed commission Of quarter Of one per cent
which will he paid by the Treasury Department up
on the receipt of bin for the amount certified to
by the officer with whom the dspa,jt was made, No
deduction for conn ssiyus must be made from the
deposits.
SPECIAL ADVANTAGES OF THIS loan
IT Is NATIONAL SAVINGS BANK, Offering a higher
rate ofinteres than any other and iteJest securing
Any savings bank which pays is depyzitars IN l. ).
Notes consider that Is paying Ia the best circ ua
ing medium OF the country, and it cannot pay in
anything better. for its assets either in gov
ernment securities or in netes bonds payable in
government paper.
It is equally convenient as q temporary or pelma-
nent investment. The notes can always be sold for
within fraction of their face and accumulated Inte
rest and the best security with banks as cUlate
rails for discounts.
CONVERTIBLE INTO 4 SIX PER CENT $50 GOLD BOND.
In addition 10 the very liberal interest on the
notes for three years this privilege Of conversion is
nov worth about three per cent, per annum for the
current rate for 6-2U Bonds is not less than nine
per cent premium, and before the war the premium
on six per ceut, l. 5. stocks was over twenty pr
cent, 1t VII he seen that the actual profit this
loan at the present market rate is not less than ten
per cent. per annum.
tTs Exemption FROM STATE OR MUNICIPAL TAXATION
But aside from all Inc advantages have emu
morated "a special Act os Congress .reDpt. all bonds
and Treasury notes from locai tarGit0R. On the
average, tn eXem ton IS worth auout two per cent.
per annum, occorUg to the ratio ot taxation IN va
rious parts Of the country.
1t is believed that ne securities offer great in
ducements to lenders those Issued by the govern
ment. In all other forms OF Indebtedness. the faith
or ability of private parties, stock COMPANIES, or
seperate communities, ouly pledged for payment,
while the whole property Of The countri is held to
secure the discharge of all the obligations of the
United States.
While the government offers the most liberal
terms for its loans it believe dthat the very strong
est appeal viii be TO the loyalty and patriotism Of
the people
Duplicate certificates will be issued for all de-
pOsiys. The party depositing must endorse upon
the original certificate the denomination Of notes
required and whether they are to be issued IN blanK
or payable t. order When So endorsed it must be
left with The officer receiving the deposit to be for
rardol to III, Treasury Department
Subscriptions viii be received by the Treasurer of
the United States, at Washington, the several As
Sstant Treasurers and designa ted Depositarer aad
bp the
FIRST AND SECOND NATIONAL BANKS OF
SCRANTON, FIRST NATIONAL BANK OE
T0WANDA.
and by all National Banks which Repositories of
public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further Information
add