North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-03-23
u U.S.5-2)'S

The Secretary of the Treasury has not yet Civ
en- notice of any intention to withdraw this popular
Loan from Sale at Par and until ten days notice is
given, the undersigned, as General Subscrip-
tion Agent will continue; to supply the public
The whole amount of the Loan authorized is Five
Hundred Millions of Dollars Near ly Four Hun
dred Millions have been already subscribed
for and paid into the TREASURY, mostly
within the last seven months. The large demand
from abroad, and the rapidly increasing home de
mand for use;as the basis for circulation by Nation
al Banking Associations now Organizing in all parts
of the country, will in very short period absorb the
balance Sales have lately ranged from ten to ffteen
millions cekly frequently exceeding three millions
daily and it is we'll known that the Secretary of the
Treasury has ample and upfaling in the Du
ties on Imports end Internal Revenues ana in tn,
issue of the Interest bearing Legal Tender Treasur,
notes, it is almost certainty that he will not find it
necessary, for long time to come to seek market
for any other long or permanent Loans, THE IN
TEREST AND PRINCIPAL OF WHICH ARE
PAYABLE IN GOLD. ....
Prudence and self interest must force the minds (
those contemplating the formation of national Bank
have idle money in their hands, to the prompt con
clusion tha they should loose time in subscribngt
this most popular oan' 1t will soon be beyond their
REACH and advance to a handsome premium, as was
the result with the " Seven Thirty Loan, when it
was all sold and could no longer be subscribed for
at par.
TT is A SIX PER CENT LOAN. the interest
and Principal PABYALE IN COIN, thus yielding
rate of premium on coin.
The Government requires all duties on imports to
be paid in Coin; these duties have for a long time
past, amounted to over / Quarter of Million of dol
lars daily, sum nearly three times greater thar
hat required in the payment of the interest on al
the 5-20's and other permanent Loans So that it
is hoped that the surplus Coin in the Treasury at ne
distant day. will enable the United States to resume
specie payments upon all liabilities.
The Loan is called $40 from the fact that whilsf
the Funds may run for 20 years, yetthe Government
has right to pay them off in Gold at par, at any
time after five years.
The Interest is paid half-yearly, viz: on.
first days of November and May.
Subscribers can have Coupon Bonds, which ere pay
able tc bearer and are $50, $500, and $1,000; o.
diton IS 900 and $4,000. For Banking purposes
and for investments of Trust-moneys the Registered
Bonds are preferable.
These 5-20's cannot be taxed by States cities
towns or counties, and the Government tax OR them
is only and half per cent, on the amount ofin
come, when the income of the holder exceeds Sin
Hundred dollars per annum; all other Investments
such as income from Mortgages Railroad Stock and
Bonds etc. must pay from three to five per cent tax
on the income.
Banks and Bankers throughout the Country viii
continue TO dispose of the Bonds; and oil orders by
mail or otherwise, promptly attended to.
The inconvenience of a few days delay in tho de.
livery of the Bonds is unavoidable the deina bene
so great; but interest commences from the dav O;
no loss is occasoned and every effor
is being made to diminish the delay
j. COOKE.
cs TaE Ell ~ SooAI'
SUBSCRIPTION AGENT.
Iii SOUTH THIRD STREET PHILADELPHIA
Philadelphia, November 25, 1865.