North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-03-02
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The Secretary of the Treasury has not yet Civ
en- notice Of any intention to withdraw this popular
Loan from Sale at Par and until ten days notice is
| given, the undersigned, tGenerat 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 aud paid into the TREASURY, mostly
| within the last seven months. The large demand
| from abroad, and the rapidly increasing home de-
mand for useias the basis for circulation by Nation
al Banking Associations o. ganizing in all parts
of the country will in a cry short period absorb the
balance Sales have lately ranged from ten to fifteen
millions eekly, frequently exceeding three millions
daily and it is well known that the Secretary Of the
Treasury has ample and unfailng in the Du
ties on Imports Gni Internal Revenues and in the
issue of the Interest bearing Legal Tender Treasury
notes it is almost certainty that he Will not find il
necessary, for long time to come, to seek market
for any other long or permanent Loans THE IN
TEREST AND PRINCIPAL OF WHICH ARE
PAYABLE IN GOLD.
Prudence and self interest must force the minds #
those contemplating the formation of national Bank
ing Associations as we'll as :he minis Of all who
have idle money in their hands to the prompt con
cuson that they should loose time in subscribing to
this popular oan 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 sub scrbed for
at par. ses eS- . g -r 4 E Ell
IT Is SIX PER CENT LOAN. the interest
ard Principal PABYALE IN COIN, thus yielding
NINE PER CENT. PREMIUM. att toe present
rate of premium on coin e-Dsa SO ~ A4E @z4
The Government requires all duties on imports to
be paid in Coin; these duties have for long time
past, amounted to over L 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 the United States to resume
specie payments upon all liabilities.
The Loan is called $50 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 Ave years. y p &. RE ~
The Interest is paid half-yearly, viz: on
first days of November and May
Subscribers can have Coupon Bonds, which arc pay
able tc bearer, and are $50, $500, and $1,000; or
Registered Bonds of same denominations, and in ad
diton $1,000 and 100000 For Banking purposes
and for investments Of Trust moneys the Registered
Bonds preferable.
These 5-2O's cannot be taxed by States cities, /
towns or counties, and the Government tax oa them
is only half per cent, on the amount ofin
come, when the income of the holder exceeds Six .
Hundred dollars per annum all other investments, /
such as ipcomc from Mortgages Railroad Stock and |
Bonds etc. must pay from three to FIVE per cent tax
on the income.
Banks and Bankers throughout the Country win |
continue to dispose of the Bonds and al orders by
mail or otherwise, promptly attended to. @ --''-,
The Inconvenience of few days delay in tho de- |
liveiyo the Bonds Is unavoidable, the demand being
so great; but interest commences from the day of
no loss is occasioned and every effort
is being made to diminish the delay a1 lze.l a5
Ht3#l r caauE
..ts7 q. SUBSCRIPTION AGENT, ssro 4
ia SOUTH THIRD STREET pHILapEIpHIA
PhiiadeIlhia Npyember d kSfR