Daily national Republican. [volume] (Washington, D.C.) 1862-1866, 1865-10-04
PROPOSALS FOR FUNDING CERTlFI-
L Calls OF INDEBTEDNESS, COMPOUND
INTBRESF HOFES, AND TREASURY
NOTES. .pY


T,
WAsHiE0ToE. D. O., sept. ~ lsGN
by virtue rf the authority contained 10 the hTst
sgct.un Ht IA act Of CurEyrss entitled AN agJ to
pIoyide ways aud peuusNvr' Import tho 0Dveru-
naut.' approved Mrcl 3, lou, which pragidE,
AMONG ,fh"r things that any Tl"uFury Mates or
ytUrr obligations hearing interest. issued under
any act Of Congress may, at o." b'ktreGuu "l ia"
Set rt.4ry 81 tIu 4yuA 'y, aud wttu Una cuIl cent
.uG Ihc holder, hc.euhNcrted' Into INV dcsrrl IN
vr Bonds uu,u .riHd by .aid act ug,.ar Is a.rc'y
.r.g.'l To the h0lders " CcrtinCHtrs Of lDu,hi.d-
u--s which mature before lnp hr.t day Ut JtnH-
airy next. o., Gumprlhr Interest Nuu., and "l
one aud Two year Treasury Notes, ui iHo r'Ndl-
me- " ms D"pnrtn' N I" z ~, IN ""clgnEI If
them to the extent OF Fitiy Millions "f DNh'Ns,
six por cent Fivg-VWeuty Near EDnds, nt three
per cent Ircmi'nn-th1t ~ t. ray, ono huudnd
dpiInrs VI BuudS Tor GaCm one huudrcd and Three
dollars in Certificate, aud Notes; provided the
conversion Is made prior to the first day Of No.
ycmher next
The bonds issued in exchange for such caTtih e
Gates and notes will bear an Interest Of six per
cent. per anGuIn, pay semi annually i'll coin,
upon the first days Of May aud November, and
will BE- redeemed at the pleasure Of the Govern
mcnt after fve years and payable in twenty years
from the first day of November, 1850.
The coupon aud Registered bonds issued under
this proposal will be Of the denominations Of one
hundred, Ave hundred, and one thou and dollars.
Registered bonds o. Ave thousand and ton thou
sand dollars will be issued II desired.
Holders Of certificates, compound interest or
Treasury notes, who desire to make sn0h CONVEX
siuns, win deliver them to the Treasurer, the As
slstant Treasurers, or the designated depositarie'
OF the United States, or to any national depository
bank which may consent to transact tho business
without charge.
Interest will be allowed on certificates Of In
debtedness and one and two year Treasury notes,
matured or maturing prior to the LIST OF Novem-
Der, 1858, up to the date OF maturity; and when
maturing after the LIST Of November, interest will
be allowed to that day
Upon the compound interest notes the interest
will be computed to November !, 1865, upon tho
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-
geLher as an offer for conversion but when, after
deductng the principal OF the Bonds and three
per cent premium, there remains a fractional
partof one hundred dollars, this fractional part
will be paid to the depUsitOr. ...
The Secretary reserves to himself the right Of
Withdrawing this proposal at any time prior "a
said first day Of November, provided afty mil
lions Of dollars shall prior to that date, be offered
for con version as aforesaid.
Circulars OF Instructions will be transmitted to
the various officers authorized to receive Certih
Gates aud Notes, ~ which attention Is invited.
" McCULL0CH,
oc3. 3tdlaw2w Secretary Of the Treasury.