Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-10-05
NEW ADVERTISEMENTS,
PROPOSALS for Fgnding Certin.
Gates Of lDG.ebtedneSS, Com
pOunG1 Interest NO:eS
and Treasury Notes.
TREASURY DEPARTMENT,


BY virtue Of tho authority contained ia tbe irst
tioh oi act Of Congress entitled &" An Act 10 pro.
ello ways and means to support the Government "
approved March 3 1865, which provides amono
other things, that any Treasury Notes or otbe7
osilsAuons bearing interest issued under any Act
ohSIess, may, at the discretion Of the Secretary
ne lieasety and with the consent of the hold.
'ut converted into any description Of Bonds au.
sIl1ea " said Act, notice is hereby given to the
II Of Certificates Of Indebtedness which ma
before the first Of January next Of Compound
est Notes, and Of one and two-year Treasury
$, Of the readiness Of this Department to give
exchange for them, TO the extent Of Fifty Mil
lions Of Dollars, six per cent Fiye-TweHty y Year
Bonds, at three per cent premium-that is TO saw.
one hundred dollars of Bonds for each one hundred
and three dollars in Certificates and Notes provi-
Cd the conversion is made prior TO the first day Of
November next.
The Bonds issued in exchange for such Certif-
Gates and Notes will bear an interest Of six per
cent per anHum, payable cmi-annually in coin,
npon the frst days Of May and November, and will
oe redeeinabe at the pleasure of the Government
after ave years and payable in twenty years from
the nrst day Of November, 1865.
The Coupond and Registered Bonds issued under
this proposal will be Of the denominations of One
Hundred, Five Hundred, and One thousand Dol
lars Registered Bonds Of Five Thousand and Ten
Thousand Dollars viii be issued If desired.
Holders Of Certificates, Compound Interest or
Treasury Notes, who desire TO make such CONVEX
slons, viii deliver them TO the Treasurer, the As
sistant Treasurers, the Designated Depositaries
Of the United States or to any National Deposits
rs sank which may consent to transact the busi-
ness without charge.
Interest will be allowed on Certificates of In
debtedness and one and two-year Treasury Notes
matured or maturing prior to the first of Novem-
Der, ls65, up to the date of maturity; and when
maturing after tire rst of November, interest will
Dc allowed TO that day.
Upon the Compound Interest Notes the interest
will be coHaNuted TO November l, 1865, upOIf the
amount of principal and interest compounded on
tfo back Of said notes. from the period next prior
60 zhat date.
The principal and interest of such Treasury
Notes and Obligations will be considered together
as an offer for conversion; but when after dedect-
1ng the principal of the Bonds and three per cent
premium, there remains fractional part will be
paid to the depositOr.
The Secretary reserves to himself the right of
withdrawing this proposal at any time prior to said
hrst day Of November, provided fifty millions of
dollars shall, prior to that date be offered for con-
version aforesaid.
Circulars Of instructions will be transmitted to
the various officers authorized to receive Certif-
Gates and Notes, TO which attention is invited
II. MoCULLOCH,
ct5.25Id3tGwtW Secretary Of the Treasury