North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-07-13
U. S. lO-4O Bonds.

U. .. 10 40 Bonds.
These Bonds are issued under the Act Of Congress
of March 9Th, 1864, which provides that all Bond
issued under this Act shall be EXEMPT FROM
TAXATION by or under any state or municipal au-
tn ority. Subscriptions to these Bonds are received
in United States notes or notes of National Banks,
They are TO BE REDEEMED IN COIN. at the
pleasure of the Government a; any period not less
than ten nor more than forty years from their date
ana 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 semiannualiy. 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
recorded on the books of the q. S. Treasurer,
Coupon Bonds are payable to bearer, and are more
convenient for commercial uses.
Subscribers to thiToan will have the option of
having their Bonds draw interest from March lst by
paying the accrued interest in coin Tor in United
States or the notes of National Banks, adding fifty
per cent, from premium,) receive them drawing
interest from the date of subscription and deposet
as theses Bond are
Exempt from Municipal OF State Taxation,
their value is increased from one to three per cent
per annum, according to the rate of tax evies in
various parts of the country,
At the present rate ofpremium on gold they pay
Over Eight per Cent Interest
IN currency, and are of equal convenience per-
manent or temporary investment
1t is believed that no securities offer great in
ducemens to lenders as the various descriptions of
US. Bonds. In all other ferns of Indebtedness, the
faith or ability of private parties stock eompa-
nies or separate communities only is Pledget for
payment while for the debt of the United States
the who % property of the country is holden to
cure the lYment Of both principal and interest In
coin.
These Bonds may be subscribed for in sums from
are thus made equally available to the smallest len
der and the largest capitalist They can be convert
ei into money at any moment, and the holder will
have the bcne.t of the interest.
1t may be useful to state in this connection that
the total Funded Debt of the United States on
which interest is payable in gold, the Sd day of
March, 1864. was SOS, $50, COO The interest on
this debt for the coming fiscal year will be S45 927
l26 while the customs revenue in gold for the cur
rent fiscal year, ending June 3Oth, 1854 has been
so far at the rate Of over SlOOO0O,00O per annum
1t will be that even the present gold reve-
of the Government are largely in excess of the
wants Of the Treasury for the payment of gold in
doubtless raise the annual receipts from customs on
the same amount of impartations to $50 900 600
per annum.
Instructions to the National Banks acting as loan
agents not issued from the United State Treas
urY until March 26 but in the first three weeks of
April the subscriptions averaged more than TEN
MILLIONS \ WEEK
Subscriptions Will be 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
whcn depostaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents of the
National Dcpositary Banks) will furnish further
information on application and
AFFORD EVERY FACILITY TO SUBSCRIBERS