North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-02-03
IT'S. II 3 2()'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. as general SubsCrip-
tiOn Agent" will continue; to supply the public
The whole amount of the Loan authorized is Five
Hundred Millions of Dollars NeaI ly -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 useias the basis for circulation by Nation
al Banking Associations Organizing in all parts
of the country, will in very short period, absorb the
balance. Sales have lately ranged from ten to fifteen
millions eekly, frequently exceeding three millions
daily and it well known that the Secretary of the
Treasury has ample and uDfalug resources in the Du
ties on Imports end Internal Revenues and in the
issue of the Interest bearing Legal Tender Treasury
notes, it is almost certainty that he will find it
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 the minds Of all who
have idle money in their hands, to the prompt con
cuson that they should loose time in subscribing to
this most 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
all sold and could no longer be subscribed for
at par.
IT is A SIX PER CENT LOAN, the interest
and 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 a Million Of dol
lars daily, sum nearly three times greater than
hat required in the payment of the interest 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 $40 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 to bearer and are $780, $780, and $1,000; or
Registered Bonds of same denominations, and In ad-
diton ,S5 900 and 1000. For Banking purposes
and for investments of Trust-moneys the Registered
Bonds are preferable
These 5-2O's cannot be taxed by States cities,
towns or counties, and the Government tax on them
is only one-and- a-haf per cent? on the amount ofin
come, when the income of the holder exceeds Six
Hundred dollars per annum; all other investments,
such as income 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 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
SO great but interest commences from the day of
subscription, no loss is occasioned, and every effort
is being made to diminish the delay.
j. COOKE.
SUBSCRIPTION AGENT,
ia SOUTH THIRD STREET PHILADELPHIA.
Pbiladeluhia November rs, 1862 |