North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-09-14
u. $. 7-3O Loan

. -
The Secretary Of the Treasu gives no,;o. H.
subscriptions will be received for Coupon Troo.,,.s
note pay tble tn rec years from Aug l5tb IssI
with semi annual Interest at the rate of seven and
'hFee hree-ienths per cent per annum,-pnncipal
1i.l!ntereSt both to be paid in lawful money -.
ltese notes viii be convertible at the optito, of
the ho'der at maturity into six per cent geld bear
my ,ohiS' payable not less than five nor more than
twenty years from their date as the Government
may eiect. ihey will be issued in denominations
Of S50 3lUU, $500, 81 GOO aaq s5 900. and all sub
scripons must be for fifty dollars or some mu,tirls
Of fifty dollars f'0
Ihc notes will G transmitted to the owners frca
OF transportation charges after the recent Of
the originA! Certificates of Deposit as they can be-
prepared. ''A 10
As the notes draw interest from August X ror
Sons making deposits subsequent to that date must
y the interest accrued from date of note to date Of
deposit
Parties derositing twenty-five thousand dollars
anu upwards Tor these notes at any time will be
allowed acnmmisson Of one arter of one per cent
which VIII be paid by the Treasury Department up-
on inc 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 !s 4 NArICSAL SAVINGS BASK offering higher
rate ointercst than any other anl heBest securing
Any savings bank which pays its depositors in L. S.
Notes, consider that Il Is paying in the best crcua-
ing medium of the country, and it cannot pay in
any thing better, for It's are either in gov
cr;ncUt securities or in Ietes or bonds payabIe in
government paper.
II i equally convenient rs temporary or peIma-
nent investment The notes can always be sold for
within fraction OF their zee and accumulated nte-
rest and the best security with banks as colate-
rails for discounts.
CONVERT BILE INTO ASIX PER CENT $40 GOLD BoyD
In addition to the very liberal interest ON the
notes for three years. this privilege of conversion is
Bow worth about three per cent per annun, for the
current rate Cor 6-2O Bonds is not less than nine
per cent premium, and before the war the premium
on six per cent, L. ). stocks was over twenty p1r
cent 1t will be seen that the actual profit on this
loan the present market rate is not less than ten
per ceEt per annum.
lTS EXEMPTION rRDI STATE OR MUNICIPAL TAXATION
But aside from all the advantages we have
moracl special Act of Congress erenlptS all bonds
Gp! Treasury notes from local tdrdttOn. On the
average tn exemption is worth about two per cent
per annum occordirg TO the rate of taxation in va
rious parts of the country.
1t is believed that securities offer so great in
lucemcuts 10 lenders as those issued by the govern
mcnt In all other forms Of indebtedpess the faith
or ability of private pIrtes stock Companies or
seperate communities, only, pledged for payment,
while tbe whole property Of the countr is held TO
.ccurethe discharge of~all the obligations Of the
Cnted States
While the government offers the most liberal
terms for its bans it heeye dthat the very strong
est n pea! viii be % ta5 loyalty anl patriotism Of
the people
DupfS ate certificates will be issued for all de-
posts. The party deposting endorse upon
the original certificate the denomination Of notes
required and whether they to be issued in blank
or payable toofder When SO endorsed it must be
left with the oa! er wing the deposit be for
warled TO tn Treasury Department.
SuhTcaiPtions will be received by The Treasurer of
the United States It Washington, the several As
s<ani Treasures and ieSig igna, ,el Depostaries aad
bp the
FIRST AND SECOND NATIONAL BANKS OF
SCRANTON, FIRST NATIONAL. BANK OE
T0WANDA
AMI by all Na,i H.! Banks which Repositories of
publ. money, aEi
ALL RESPECTABLE BANKS AND BANKERS
lr ushou' the country Will give further Information
Il i
AFFORD EVERY FACILITY TC SUBSCRIBERS