North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-12-14
Z. s. Z 80 Loan

N&a
The Secretary Of he Treasu,v g;v.s ,o,;.. H..
subscriptions will fbe received for Conn in Tr.osn,
notes payable three years from Aug i5th 1854
with sm-anual interest at the rate Of savsn ana
three three-tenths per cent per anuum, ,-prlnoip
and!strest both to be paid in lawful money 81
Thee notes will be convertible at the option Of
the holder at maturity, into six per cent geld bear.
ing bonds, payable not less than five more than
twenty years from their date, the Government
may elect. They will be issued in denomination
oi SOY SlOo, $500 81, 900 auq $4,000, and au SUBJ
serptions must be for fifty dollars or some multipl
of fifty dollars, ...-..-. .
The notes will " e transmitted to the owners free
OF transportation charges after the receipt OF
the orignui Certificates Of Deposit as they can be-
prepared
As the notes draw interest from August H. mar
sons making deposits subsequent to that date must
pay the interest accrued from date of note to date OF
deposit
Parties depositng twenty-five Thousand dellat
ana upwards Tor these notes at any one time will b
allowed IA commissioned one-quarter of one Dor cen
which viii be paid by the Treasury DepaT tine nf ups
on the receipt Of bill for the amount certified TO
by the officer with whom the deposit made Ne
deductions for commissions musrbe made frsn the
deposits 3 Is US -| f. sbss5EE%
SPECIAL ADVANTAGES OF THIS LOAN
IT is .NATlGNAL SAyIsGs BANk, Offering higher
rate ofinterest than any other and the best seeurnr
Any savings bank which pays its depostors ii L. 4
ing medium OF the country, and it cannot pay i'm
anything better for its assets either in gs~
eminent securities or in netes or bonds payable In
government paper. .r- : ...rf
1t is equally convenient as a temporary or pelma-
nent investment. The notes can always be sold fer
within fraction of their face and accumulated Inte-
rest and are the best security with banks as eellate
rails for discounts
CoXyERTlBLE INTO ASK PER CENT, $40 EioLs BoFp
In addition to the very liberal interest ON the
notes for three years this privilege Of conversion is
now worth about three per cent per annum for the
current rate for6 6-2U Bonds is not less than nine
per cent premtu1n, and before the war the premium
on six percent, I. >. stocks was over twenty Der
cent, 1t will be seen that the actual profit on this
loan at the present market rate is not less than ten
per cent. per annum.
lTS EXEMPTION FROM STATE OR MUNICIPAL TAXATION
But aside from all the advantages we have emu
mdrated, special Act Of Congress erempts all bonds
and Treasury notes from local tarqttoH. On the
average tn exemption is worth about two per cent.
per annum occording to the rate Of taxation in va
ri0us parts Of the country. " .''
1t is believed that no securities offer 81 great in
ducements to lenders as those issued by the govern
ment In ali other forms of Indebtedness. the faith
or ablty OF private parties, or stock companies,
seperate communities only, pledged for payment,
while the whole property Of the countr is held to
securethe discharge of all the obligations of the
United States
While the government offers the most LIBERAL
terms for it, loans it elieve dthat the very strong
est appeal will be to the loyalty and pat iotisn Of
the people
Duplicate certificates will be issued for all de
posts. The party depositing must endorse upon
the original certificate the denomination of notes
required and whether they to be issued in BLANK
or payable to order When so endorsed it must bs
left with the officer receiving the deposit to DO Sor-
warded to tn, Treasury Department
SubTcaiptions will be received by he Treasurer Of
! the United States, at ashington the several A.
sistant Treasurers and designated Depositarss asd
: bp the
! FIRST AND SECOND NATIONAL BANKS OF
/ SCRANTON, FIRST NATIONAL BANK oE
T0WANDA
and by ali National Banks which are Repositories ef
! public money, and .-.t.
! ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further information
! a d
| AFFORD EVERY FACILITY To SUBSCRIBERS