The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-05-15
ISSUE OF THE new SEVEN-THIRTY
LOAN.

Phil ADELPHIA, May IA.
The Secretary of the Treasury has deci
ded to issue the balance of the loan tbs
was authorized by che act of March, 1865
aud which amounts to $230,OOO, ,OC6, in Z 81
notes, precisely similar in tenor, form anC
privileges to the 1905 already sold, payable
In three years from the 18th of next July
except that the Government will reserve Il
Itself the option of paying the interest II
gold coin at the rate Of per cent, instead
of 7 3-lO in currency. Subscribers Will de-
duct the interest in currency up to the 18th
of July, when they subscribe. The deliv
cry of the notes of this third issue of the
7. .30s will commence on the first of June,
and will be made promOtly and continu-
ously after that date. Subscriptions, how
ever, will perceived st once, and interest
at 7 3-IU per cent. allowed to subscribers
up to the 18th of July, in the same man
ner as it was allowed for the interval be-
tween the second series and the first.
ANY excess of subscriptions to the pres
ent series viii be filed with the new issue
as speedily as the notes csu be prepared at
the Treasury.
A slight change made in the conditions
of this third series effects only the matter
of interest.
PAYMENTS made in gold will be equivs-
lent 90 currency with interest of g higher
rate. The important privilege OF convert
ing notes into long and popular b-2Os,
gold bearing bonds, or Of demanding pay
ment Of them at msturity, ct the. holders
option, is not interfsrsd with. Takers Of
the 7-3O loan will r6joice if the Secretary,
sooner or later, syails himself Of the option
to pay them per cent. in gold in lieu of
a larger rate OF interest in currency. The
return TO specie payments, in the event OF
which only will this option be availed Of,
would so reduce and equslize prices as that
purchases made with 6 per in cent. gold
would be fully equal TO those made with
7 ) 10 IN currency.
The machinery used in populsrizing the
first two series of the 80 loan will be oc-
cupied by the Secretary OF the Treasury in
promoting the success of the third series.
It will be under the supervision OF Jay
Cooke, Government Loan Subscription
Agent, who will employ sub-sgencies
heretofore employed and with which the
people are familiar. It is confidently e1-
peeled that the whole amount will be sold
In tue next sixty UT ninety SeJS-- Whom
this $3.50 600 600 is disposed OF the last oP-
portunity for investment in these Proht-
able United states securities will be gone.
The subscriptions yesterday 10 the 7-3O
loan amounted to $50 450, $50. The lsrg-
est single western subscription was ST.
$4,000 from the Second National Bank OF
Chicago. This First National Bank Of Gin
cinnsti took 81, ,OOO, ,OOO The largest single
subscription was So, 554, 900 from the Ninth
National Bank of New York. The Bank
of Commerce of New York took 81 ,00O, 900
Fsk IS Hatch of New York, Sl,0S2,5OO
There were q, 3O7 individual subscriptions
Henry Cleeve & Co, of New York, toob
ST. 900 600; the National Metropolis o.
Washington, S4O0, 600; the Nsli nal EK
change of Hartford, 5000 600; the Second
National Bank of Providence, OOOO
the Second National Bank Of Boston
$5JO,O00.
The total sales of the week amounted Il
sos 3S4, $50. At the close Of yesterday
ssies OF seven thirties hut little, if any, o
the second series of $500, ,000, 600 remained
Ali telegrsphic orders received yester
day will be filed. If any of the loan re
mains over it will be given to the first ap
plicsnt by telegraph Moudsy morning
Twa weeks ago the amount Of the secont
series sold and reported was $l46, 100000
The cash sales last week we're about $40
OOO 600. This week they were $98 600 OOC
! The balance of the conversion OF Q1arteI
masters vouchers made within the last tw
weeks, and which we're not included In tn
daily published sales of 1905, togethe
! with the sales which were made in Ca
ifornis, and at various sub treasures ais
not included, will make about $4,000 90
altogether. The totsl sales are $298, 5000
! 600.