North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-08-31
u. 5. 7-3O Loan

The Secretary Of the Treasury gives notice that
subscriptions viii be received for Coupon Treasury
notes. payable three years from Aug 18th, 1864
with semi-auun interest ut the rate of seven and
three three-tenths per cent per -pIaeipal
and interest both to be pdil in lawful money.
These notes will be convertible at the option OF
the holder at maturity. into six per cent gcl bear
ing bonds. payable not less than i've more than
! twenty years RON their date, rs the Government
| may elect. They will be issued in denominations
of $50. SlO0, $500 $1,000 aaq S5 600 and all sub
scriptions must &c for fifty dollars or some multiple
| of fifty dollars
! The notes will transmitted to the ,wners free
OF transportation charges as soon after the receipt Of
/ the origjnu Certificates of Deposit they can he
prepared.
As the notes draw interest from August Is per
sons making deposits subsequent to that date must
pay he interest accrued from date of note to date Of
deposit.
! Parties depositing twenty-five thousand dollars
and upwards for these notes any time will lie
allowed acommiSslon Of quarter of one per cent
which viii oe paid by the Treasury Department up
on the receipt of bill for the amount certified TO
by The officer with whom the deposit was made No
deductions for commissions must be made from the
deposits.
SPECIAL ADVANTAGES OF THIS LOAN.
IT IS A National SAVINGS BANK, Offering a higher
rate OF interest than any other uuI he best securing
Any savings bank which pays its ieppsitnrs 4. | :.
Notes consider that il is paying IN the best crcua-
ing ireiium OF the country, and it cannot pay in
anything better for its either in gov
ernmeUt securities or il netes or bonds payable in
government paper.
1t is equally convenient as temporary or pelrna-
nent investment. The notes can ALWAYS ne sold for
within fraction of their fice AMI accurnulatel inte-
res. and the best security with banks colIatc-
rails Tor discounts.
Convertible INTO ASK PER CENT $50 GoLD BoxD
In addition 10 the very liberal interest on the
for three years, this privilege of conversion Is
nOT worth abou three Per cent per annuru for tha
current rate for 62O Bonds is not less than niue
per cent premium, and before the war the premium
ON SIX percent, |. ). stocks over twenty pr
cent it will he seen that the actual profit this
loan. at the present market rate not less than
per cent per annum.
IT'S EXEMPTION FROM STATE Or MUNICTPAL Z RATION
But aside from all the advantages have emu
moratei special Act Of Congress egempt5 al bouts
Gnd Treasury notes frGm local iar1it0n On the
average, tn exemption is worth about two per cent
per aunum, ocrordrg - the rate of taxation III
riouS paris OF the country.
1t believed that no securities offer so gre in
duceLents 0 lenders those Issued by the govern
mcut. In all other forms Of Indebtedness. the faith
ability of private parties, stock companies,
seperate communities, oGly, pledged for Pa.men',
while the whole property 0f tho countr- is held e.
secure the discharge Of all the obligations Of ts
United States
terms Tor its loans it believe dthat the yeEy strong
est ap"a Will be to the loyait! All p4ti,otism Of
the people.
Dupligat. certificates will be issueI for all de-
posits. The party depositing endorse upon
the original certificate the denomination Of notes
required and whether they to be Issued in blank
payable to order. When endorsed it must lie
left with the oteer receiving the deposit be for
wsried 10 tn Treasury Department.
Subrcsptions will be received by the Treasurer Of
the jnitet States, at Washington, the several A.
sisant Treusurers and designated Depo>itaric,, aad
bp the
FIRST AND SECOND NATIONAL BANKS OF
SCRANTON FIRST NATIONAL BANK CE
TeWANDA
and by ali National Banks which are rep0sitdres of
public money, and
ALL RESPECTABLE BANKS AND BANKERS
br ughout the country will give further information
4
AFFORD EVERY FACILITY TO SUBSCRIBERS