North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-06-29

These Gpnds are issued under the Act of Congress
Of March 9Th. 1864, which provides that all l.
issued under this Act shall be Exempt FROM
TAX ATION by or under any state or municipal
tn ,rity. Subscriptions to these Bonds are received
in United States notes or notes of National Banks,
Tn J are TO BE REDEEMED IN COIN. at the
pleasure yf the Government, a any peric' not less
than ten nor than forty years FROM their date
and until their redemption FIVE PER CENT IN
TEREST WILL BE PAID IN COIN, On Bonds or
not over one hundred dollars annually and on ali
other Bonds se!ni-amuaily 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
aro.rec6ricd on the books of the L. 8 Treasurer,
and be transferred only on the owners order,-
Coupon Bonds are payable to bearer, and are more
convenient for commercial uses. 4
Subscribers to this loan will have the option Of
having their Bonds draw interest from March st, by
payne the accrued interest in COIN Tor in United
States the notes of National Banks adding fifty,
per cent, from premum) or receive them drawing
interest from the date of subscription and deposet-
as theses Bond are
Exempt from Municipal or State Taxation,
their value is increased from to three per cent
per annum, according to the rate of tax leyies in
various parts of the country, ..A II
At the present rate ofprcmium ON gold they pay |,
Over Eight per Cent Interest
In currency, and are of equal convenience as per-
manent or temporary investment,
1t is believed that no securities offer so great in
ducemens TO lenders the various descriptions of
Z S Bonds. In all other forms Of indebtedness the
faith or ability of private parties stock compa
nes or separate communities only is pledget for
payment, while for the debt of the United States
he whtls property of the country, is holden to Sc
cure the pyment of both principal and interest in
coin. Fa#
These Bonds may be subscribed for in sums from
$50 up to any magnitude, on the same terms, and
are thus made equally available to the smallest LEM
Ter and the largest capitalist They can be convert
ID into money at any momont, and the h.l,5r will
have the bene It of the interest. Ll'l- .a
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 81 day of
March, 1864. was $685. $685. 600. The interest on
his debt for the coming fiscal year will be S45, ,927,
26, while the customs revenue in gold for the cur
rent fiscal year, ending June 3Oth, 1854 has been
10 far at.the rate of over sl0O,O00,OOO per, annum
1t will be seen that even the present gold reve-
iue OF the Government largely in excess of the
wants of the Treasury for the payment of gold, in
crest, while the recent increase of the. tariff wiR
doubtless raise the annual receipts from customs on
he same amount Of impartations, to $3.50 900 600
per annum. -a.s g--,.F = /
Instructions to the National Banks acting as loan
'gents were 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 p
MILLIONS A WEEk
Subscriptions Will be received by the, - r
First National Bank of Philadelphia Pa
Second National Bank ef Philadelphia, Pal i /
The National Bank of PhiTadephia, Pa
AND BY ALL NATIONAL BANKS
whien are depostaries of Public money, andiali r
RESPECTABLE LINKS AND BANKERS sd
throughout the codntry, (actins as gents Of ths
National Depositary Banks will furnish further
on application and .19o1a'.
AFFORD EVERY FACILITY TO SUBSCRIBERS