North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-02-10
IT'S, t B. EOS

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 Neatly -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 eeky, frequently exceeding three millions
daily and it is well known that the Secretary of the
Treasury has ample and upfailing resources in the Du
ties on Imports and Internal Revenues and in the
issue of the Interest bearing Legal Tender Treasury
notes it is almost certainty that he Will not 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
have idle money in their hands to the prompt con
cusion that they should loose no time in subscribing to
this most popular oan' 1t will soon be beyond their
reach, and advance to handsome premium, as was
the result with the " Seven Thirty Loan, when it
was all sold and could no longer be subscribed for
at par. -. ~ II. = aw "A .-
III IS A SIX PER CENT LOAN, the interest
ard Principal PABYALE IN COIN, thus yielding
NINE PER CENT. PREMIUM. at the present
rate of premium on coin. af'
The Government requires all duties on imports to
be paid in Coin; these duties have for a long time
past amounted to / Quarter of Million of dol
lars daily, a sum nearly three times greater than
hat required in the payment of the interest all
the 5-20s 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 8 20 from the fact that whilst
the Funds may for 20 years, yet the Government
has right to pay them off in Gold at par, at any
time after five years. ##e f-
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, anda are $50, $500, and $1,000; or
Registered Bonds of same denominations, and IN ad-
diton IS, 900 and $4,000. For Banking purposes
and for investments of Trust-moneys the Registered
Bonds preferable.
These 5-20's cannot be taxed by States cities,
towns or counties, and the Government tax on them
is only one-ana 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. E
Banks and Bankers throughout the Country will
continue to dispose ofthe 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 occasoned, and every effort
is being made to diminish the delay
ssy.ss 49, sg E.as 81 .lsss Gs.za Els5 COOKEs
.tsetr& fsG1
Yua1 sas, SUBSCRIPTION AGENT, VI
.ssr rPssss ~ zns - sas &as it~S sassrs
llt,S0UTH THIRD STREET PHILADELPHIA. \.
Philadelphia, November 25r 1868.