North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-05-11
T. s. 1910 Bonds.

sArh.,. Rond, are issued under the Act of Congress
.,M.,.b 9th 1864 which provides that all Bond
sasued under this Act shall be EAEMPT FROM
TAXATION by or under any state or municipal au-
in ,;tv Subscriptions to these Bonds are received
IA 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
Man ten nor more thar 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 sem-annuaIIy. The interest is payable
ON the nrst days efMarch and September in each
year
DubScfibeH viii receive either Registered or Cou-
pen Bonds, as they may prefer. Registered Bonds
are recorded on the books of the Z. s. Treasurer,
and can be transferred only on the owners order,-
coupoa Bonds are payable to bearer. and are more
convenient for commercial uses
Subscribers to thi, loan vii! have ths option Of
having their Bonds draw interest from March st, by
paying the accrued interest in coin-( in United
States or the notes of National Banks adding fifty
Interest from the dete Of subscription and deposst-
90 theses Bond are
Exempt from Municipal or State Taxation,
ihsir value in increased from TO three per cent
per annum, according to the rate of tax lsviss in
various parts Of the country.
At the present rate of premium on gold they pay
Over Eight per Cent Interest
In currency, land arc of equal convenience aa per-
mansnt or temporary investment.
2 It is believed that no securities offer great in
duessnts to lenders as the various descriptions of
U.B- Bonds In all other ferns of Indebtedness, the
faith ability Of private parties stock compA-
niss or separate communities only is pledge for
payment, while for the debt of the United States
the whole property of the country, is holden to
cure the payment of both principal and interest in
coin. .
These Bonds may be subscribed fer in sums from
$50 up to any magnitude on the terms, and
thus made equally available to the ollest len
der and the largest capitalist They can be convert
ed into money at any moment, AMI tho holisr will
have the bene.t of the Interest.
Il may be useful to state in this connection that
the total Funded Dabt of the United States
which interest is payable in gold, on the 81 day Of
March, 1864. was s76s, 965, 900 The in crest on
this debt for the coming tscaI year will be SIS 927,
l26, while the customs revenue in gold for the
rent fiscal year, ending juno 3oth, 1854, has been
10 far at the rate of over 100000 per annum
It will be seen that the present g3ld rcve-
nus ef the Government are largely in excess of the
wants Of the Treasury for the payment OF gold in
tsrest, while the recent increase OF the tariff will
doubtless raise the annual receipts from customs on
per annum.
Instructions to the National Banks acting as 10 an
agsnts not issued from tn. United State Trea,
ury until March &c, but in the frst TIN ee weeks Of
April the subscriptions averaged more than TEN
MILLIONS A WEEK.
Subscriptions will be received By The
First National Bank of Philadelphis, Pa.
Second National Bank eff efPhadelphia, Pa.
The National Bank OF Philadelphia Pa.
AND BY Alb NATIONAL BANKS
eWhicn are depositaries Of Public money and all
RESPECTABLE BANKS AND BANKERS
throughout the country, (acting as agents Of tn.
National Depo,itary Banks will furnish further
information on application and
AFFORD EVERY FACILITY TO SUBSCRIBERS