North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-02-17
U,S,5-20'S

The Secretary of the Treasury has not yet Civ
notice Of any intention to withdraw this popular
Loan from Sale at Par, and until ten days notice is
given, the undersigned, General Subscrip-
tion Agent" will continue; to supply the public
The whole amount of the Loan authorized is Five
Hundred Millions of Dollars Nearly -Four Hun
dred Millions have been already subscribed
for and paid into the TREASURY, mostly
within the last seven months. The large demand
from abroad, and the rapidly increasing home de-
mand for uselas the basis for circulation by Nation
al Banking Associations now organizing in all parts
of the country, will in very short period absorb the
balance Sales have lately ranged from ten to fifteen
millions sekly, frequently exceeding three millions
daily and it is we'll known that the Secretary os the
Treasury has ample and unfaing resources in the Du
ties ON Imports end Internal Revenues and ia the
issue Of the Interest bearing Legal Tender Treasury
notes. it is almost certainty that he will not find it
necessary, for long time to come, to seek market
for any other long permanent Loans, THE IN
TEREST AND PRINCIPAL OF WHICH ARE
PAYABLE IN GOLD.
Prudence and self interest must force the minds OF
those contemplating the formation of national Bank
ing Associations as we'll as the minds of all who
have idle money in their hands, to the prompt con
cusou that they should loose time in subscribing TO
this most popular 1t will soon be beyond their
reach, and advance to a handsome premium, as was
the result with the Seven Thirty" Loan, when it
was all sold and could no longer be subscribed for
at par.
IT rs A sIXPER CENT LOAN. the interest
end Principal PABYALE IN COIN, thus yielding
NINE PER CENT. PREMIUM at the present
rate of premium on coin.
The Government requires all duties on imports to
be paid in Coin; these duties have for long time
past amounted to over Quarter of Million Of dol
lars daily, sum nearly three times greater than
hat required in the payment of the interest on all
the 5-20's and other permanent Loans. So that it
is hoped that the surplus Coin in the Treasury at no
distant day, will enable tho United States TO resume
specie payments upon all liabilities
The Loan is called 8 20 from the fact that whilst
the Funds may run for 20 years, yetthe Government
has right to pay them off in Gold at par, at any
time after five years
The Interest is paid half-yearly, viz: on
first days of November and May.
Subscribers can have Coupon Bonds which are pay
able tc bearer, and are $50, $500, and $1,000; o.
Registered Bonds of same denominations and in ad-
diton ,S5 900 and $4,000 For Banking purposes
and for investments of Trustmon the Registered
Bonds preferable.
These 5-20's cannot be taxed by States cities,
towns or counties, and the Government tax oa them
is only ne-and a. half per cent, the amount ofin
come, when the income of the holder exceeds Six
Hundred dollars per annums all other in vestments,
such as income frsm Mortgages, Railroad Stock and
Bonds, etc. must pay from three to five per cent tax
on the income
Banks and Bankers throughout the Country will
continue to dispose of the Bonds and all orders by
mail or otherwise promptly attended to.
The inconvenience of few days delay in the de-
livery of the Bonds is unavoidable the demand being
great; but interest commences from the day of
subscription no loss is occasoned and every effort
is being made to diminish the delay.
j. COOKE.
-. SUBSCRIPTION AGENT,
II "a HrRD STREET PHILADELPHIA
phiiadeiphis, November %, 1852.