North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-06-08

These Corls arc issued under the Ac; Of Congress
of March Srh I564, which provides that all Bonl
| issued uuder this Act shall he EAEMPT FROM
| TAXA by or under any Etatc or municipal au-
! tn rty Subscriptions to these Bonds are received
in Unitel States nJtesor note, Of National Banks
They are To BE REDEEMED IN COIN. at the
pleasure of thg Government ny period not less
haE i'm aor thar forty years from their date
an un;il their r. ,cmp.ion FIVE FER CENT IN
TEEEsT VIII IL D.ID N COIN, On Bend :
lot over one hun lrel dollars annually and on all
other Bous ser-annuaIly. TIL, interest is payable
on ,h- Grst days Of March and September in each
year.
Subscribers will receive eithor Registered or Cou-
lon Eonis us they Elay prefer. Registered Bonds
recorded on the books Of the L. Treasurer,
aul can lie transferred only the owners ORDER
Coupon Beads arc payable 20 bearer, and are more
convenient for commercial uses.
Subscribers to this loan will have the option of
having their Bonds draw interest from March lst by
States OF the notes of National Banks, adding fifty
per cent, from premiun:) or receive them drawing
interest from the Ii to Of subscription and deposet
as theses Bond ere
Exempt from Mnnlcipai or State Taxation,
their value is incr,ased from TO three per cent
per anuum according to the rate Of tax levies in
various PARTS of the country.
At the present rate of premium on god they pay
Over Eight per Cent Interest
currency lani arc of equal convenience as per-
manent Eor temporary investment.
1t is believe that no securities offer greet in
ducements lenders as the various descriptions Of
faith or ability Of private parties stock eompa-
nss or separate communities only is pledge for
payment, while for the debt of the United States
the whc y property of the country, is holden to
cure the ,7ment OF both principal AMI interest in
coin. ~.
These Bonis may be subscribed for in from
$50 up to any magnltule, on the same terms, and
are thus made equally available to the smallest len
d. and the largest capitalist They be convert
ell into money at any minent, sni the holder will
have the bone of the interest.
1t may be useful to state in this connection that
the total Funded Debt of tho United States on
which interest is payable in gold, on the 81 day Of
March, 1864. was S765, 965, 600 The interest on
this debt tor the coming fiscal year will be SIS 927
l26, while the customs revenue in gold for the cur
rent fiscal year, ending June 30th, 1854, has been
far at the rate of over sl00, 100000 per annum
1t will be seen that the present gold reye-
nue. of the Government largely in excess of the
wants of the Treasury for the payment of gold in
tercst, while tho recent increase Of the tariff will
doubtless raise the annual receipts from customs on
the same amount Of impartations to $50 OO0, 900
per annum.
Instructions to the National Banks acting as loan
agents were not issued from the United State reas
until March 26, but in the first ee weeks of
April the subscriptions averaged moro than TEN
MILLIONS A WEEK
Subscriptions Will be received by the
First National Bank of Philadelphia, Pa.
Second National Bank eff Philadelrhia, Pa.
The National Bank of Philadelphia Pa.
AND BY ALL NATIONAL BANKS
whicn are depositaries of Public money, and all
RESPECTABLE BANKS AND BANKERS
throughout the country (acting as agents of tbs
National Depositary inks will furnish further
information OH application and 1
AFFORD EVERY FACILITY TO SUBSCRIBERS |
S3-lTE