The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-05-31

the loans asked for by the United States Iiliaois
Pennsylvania, New Jersey, Vermont and New
York city, swell the aggregate sum to be Dor
rowed in this city within few days to s2t 800 oOo
This is exclusive Of the forthcoming new loans of
New York and Massachusetts,. At this rate peo-
pie who have money will soon have an opportu-
nifty of employing it probably The United
States, and each of the free States Of the Union.
are unquestionably good for every dollar of their
present Indebtedness and for that which they are
about to incur. But the competition between
these various loans will be such that we should
not be surprised to see undoubted State securities
selling in this market below so cents on the dol.
lar. During the NapoIeonc wars the British
funds fell to Sc. During the Crimeau war they
fell 20 per cent. The occurrence will afford pru-
dent people an opportunity of investing their
means at more profitable rate and In safer
manner than are offered just now ia the stock,
real estate or merchandise markets.
The business of the Sub Treasury was as follows
to-day
Receipts. &T20 9l2 81
FOR customs. ....................... ~ Oc0 20
Yaymehts ........,....... ZtzSos %
Balance lO.422 ab5 %
The exchanges at the Bank Clearing House this
morning were SIG, ZIG 81, and the balances
81 ,581, 1897 IS.
The total payments thus far on account of the
new loan are over S. 900 ,000-ssy three fourths
the entire amount taken in this city. BY the terms
Of the negotiation takers were allowed till June
to deposit their money. The Providence banks
have given notice that they will deposit the
$500, 900 taken by them at the New York Office.
Bids for the So 900 900 Pennsylvania loan will be
received up to three p NJ. on the 5th of June. The
1An 1~na~
able in ten years; certificates not to be subject to
taxation for any purpose whatever.
Proposals for the illinois loan of one million
dollars will be received at the American Exchange
Bank, in this city, until noon on the lst Of July.
The stock will bear interest at the rate of six per
cent per annum, payable semi-annually in New
York, and the principal reimbursable after 1922
Bids for the New Jersey loan of $500 900 will be
received either by letter or by personal applica-
ton to the Treasurer at his office, Trenton at any
time before two o'clock on Thursday, the 9th Of
June ne xt, On which day. from ten o'clock A. NJ
until two o'clock z. NJ, the Governor and Urea
surer will be in attendance at the State House to
receive and decide bids. The State has such as
surances in the matter that it is not proposed to
make any award at below par.
The State of Indiana advertises proposals for
81 200 600 of a loan for war purposes, to be
awarded on a G per cent coupon stock, on the 18th
June next proposals to be filed by the 22d of that
month with the Commissioners, at the Office in
New York of Messrs. Winslow, Lanicr X Co. This
loan will bear interest at the rate Of per cent,
payable semi. annua ly, and the principal is REIN
bursable at the close of2O years. The payment of
the interest and ultimate redemption Of the princi
pal are provided for by tax specially levied for
the purpose.
The statement of the Boston banks for the last
week compares with the previous week, and for
the corresponding week of 1860, as follows =