North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-08-03
IT. S. 1910 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 ,rity. Subscriptions to these Bonds 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
and 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 semi-annualIy. 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
are recorded on the books of the U. s. Treasurer
and can be transferred only on the owners ORDER
Coupon Bonds are payable to bearer. and are more
convenient for commercial uses.
Subscribers 20 this loan will have the option of
paying the accrued interest in coin Tor in United
States or the notes of National Banks, adding fifty
per cent, from premium) or receive them drawing
interest from the de- tie of subscription and deposet
as theses Bond
Exempt from Municipal or State Taxation,
their value is increased from to three per cent
per annum, according to the rate of tax levies in
various parts of the country.
At the present rate ofpremium on gold they pay
Over Eight per Gent Interest
in currency, and of equal convenience as per-
manent temporary investment
1t ia believed that no securities offer so great in
ducemens TO lenders as the various descriptions Of
US. Bonds. In all other forms Of indebtedness, the
faith or ability of private parties stock campa-
nies or separate communities only is pIedgel for
payment, while for the debt of the United States
the whc!s property of the country is holden to ss
cure the Iyment of both principal and interest In
coin.
These Bonds may be subscribed fer in sums from
$50 up to any magnitude, on the same terms, and
are thus made equally available to the smallest len
der and the largest capitalist They bs convert
ed into money at any moment, and the holder vii.
have the bene.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, on the Sd day of
March, 1864, was S769, 965, 900. Tho interest on
this debt for the coming fiscal year will be s45 1927,
1876 while the customs revenue in gold for the cur
rent fiscal year, ending June Both, 1884, has been
50 far at the rate Of over sl00 0000O 900 per annum
1t will be seen that even the present gold reve-
nue. of the Government largely in excess of the
wants of the Treasury for the payment of gold in
terest, while the recent increase of the tariff will
doubtless raise the annual receipts from customs Oh
the same amount of iRpaFtatiOps, to $3.50 100000
per annum.
Instructions to the National Banks acting as loan
agents not issued from the United State Treas
ury until March &c. but in the first thee weeks of
April the subscriptions averaged more than TEN
MILLIONS A 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
ANDBY ALL NATIONAL BANKS
whicn are depositaries Of Public money, and all
REsPECTACLE BANKS AND BANKERS
throughout the country, (acting as agents of the
National Depositary Banks will furnish further
information application and
AFFORD EVERY FACILITY TO SUBSCRIBERS