Daily national Republican. [volume] (Washington, D.C.) 1862-1866, 1865-10-05
PROPOSALS FOR FUNDING CERTIFI.
INTEREST NOTES, AND TREASURY


.. TREASURY DEPARTMENT,
WARRINGTON, ID. c., Sept. %, 1866. (
By virtue Of tina authority contained In the first
section Of an act Of Congress entitled "An act to
provide ways and means to support the Govern
ment," approved March 3, 1855, which provides,
among other things, that any Treasury Notes or
other obligations bearing interest, issued under
any act OF Congress, may, at the discretion OF the
Secretary OF the Treasury, and with the consent
Of the holder, be converted into any description
Of Bonds auth OriEed by said act notice is hereby
given to the holders Of Certificates Of Indebted
ness which mature before the first day Of Janu-
AIRY next, Of Compound Interest Notes, and Of
one and two-year Treasury Notes, Of the readi.
ness Of this Department to give in exchange for
them, to the extent Of Fifty Millions OF Dollars,
six per cont. Pive-Twenty-Year Bonds, at three
per cent premum-tbat Is to say, one hundred
dollars OF Bonds for each one hundred and three
dollars in Certificates and Notes; provided the
conversion is made prior to the first day Of No
yember next.
The bonds issued In exchange for such certif-
Gates and notes will bear an Interest Of six per
cent. per annum, payable semi annually In coin,
upon tho FIRST days Of May and November, aud
will be redeemed at the pleasure Of the Govern
ment after five years aud payable in twenty years
from the first day OF November, 1885.
The coupon and registered bonds issued under
this proposal will be Of the denominations Of one
hundred, Ave hundred, and one Thousand dollars.
Registered bonds Of ave thousand aud ten thou
sand dollars will BIO issued u desired.
Holders Of certificates, compound interest OF
Treasury notes, who desire to make such CONVEX
sions will deliver them to tile Treasurer, the As.
sistant Treasurers, or the designated depositare'
OF the United States, or to any national depository
bank which may consent to transact the business
without charge. .rr -rt~y.L
Interest will be allowed on certificates OF In .
debtedness aud one and two year Treasury notes,
matured or maturing prior TO the LIST Of Novem-
Der, 1855, up to the date Of maturity; and whom
maturing after thu LIST Of November, interest will
be allow cd to that day
Upon the compound interest notes the interest
will be computed to November !, 1865, upon the
amount Of principal and interest compounded on
the back Of said notes, from the period next prior
TO that date.
The principal and interest Of such Treasury
Notes and Obligations will be considered to-
gether as an offer for conversion but when, after
deductng the principal OF the Bonds and three
per cent premium, there remains a fractional
part Of one hundred dollars, this 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 Atty mil :.
lions OF dollars shall prior to that date, be offered
for conversion as aforesaid. '
Circulars OF instructions will be transmitted to
the various officers authorized to receive Certh-
Gates aud Notes, To which attention Is invited.
.. . H. MoQULLoOH,
oc3. 3tdlaw2w Secretary Of the Treasury.