Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-10-06
PROPOSALS WANTED.
Proposals for Funding Certlfi-
Gates OF Indebtedness, Com
pound Interest Notes
and Treasury Notes,
TREASURY DEPARTMENT,
nE,uIg,.e. n ~ @ %

Washington, ID. G., Sent 90 efa5.
by virtue Of che authority contained in the first
section of act Of Congress entitled Act TO pro.
vide ways and means to support the Government u
approved March 3, 1865, which provides, aT,ono
other things, that any Treasury Notes nv otLa7
obligations hearing interest, issued Unp-sr opv Sct
OF Congress, may, at the discretion o. the salrstarr
OF the Treasury, and with the Cn,,sent of tbe boI5l
81, De converted lnto aEy description Of Bonds au-
th9flzed by sad ACT, Notice is hereby given to the
holuers oil certificates of Indebtedness which ma
lure helpIe lNe Hrst of January next. of Compound
tHIeEeSt sSies, and of one and two-year Treasury
ln exchange for them, to the extent of Fifty NH
ions OF Dollars, six per cent Five-Twenty- Year
DohtH, AT three per cent premium-that is TO say.
10y nulfhsu uoiisfs OF Bonds for each one hundred
anu three dollars in Certificates aud Notes proyi-
November next. - "' u
Inc bonds issued in exchange for such CertiR-
Gates and Notes will bear an interest Of six Der
cent per annum, payable semi-annuaIly in coin,
upon the hrst days of May and November, and wDi
DC redeemahle at the pleasure of the Governing nj
ai'eI nIe Years and payable in twenty years from
the inst day of November, 1865.
Ihe Coupond and Registered Bonds issr. cd under
ms proposal viii he ef the denomination of one
hundred, tlNe. 4n4dred, and One t. ,onsand Dol
lars. Registered Aonds of Five Tar,IanJa mi IT,
Thousand Dollars will be issue, IL dssiraj '1 ~
Holders Of Certificates, Con- Mound Interest mr.
t5essALA Nalesi who desire 30 make such CONVEX
sNts, VI" oliver then to the Treasurer, the As
ss rreasurers, or the Designated Depositaries
the United States, on to any National Deposita-
~ Bank which may consent to transact the bust
ness without charge,
Interest will be allowed on Certificates of Ia
debtedness and one and two-year Treasury Notes,
matured or maturing prior TO the first Of NoVem-
her, 1865, up to the date of maturity aud when
maturing after the first Of November, interest Will
be allowed TO that day. 1856
Upon the Compound Interest Notes the interest
will be computed to November l, 1866, 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 together
as an offer for conversion; but when after dedect-
ing the principal of the Bonds and three per cent
premium, there remains a fractional part will be
paid to the d%epOsitOr.
The Secretary reserves to himself the right Of
withdrawing this proposal at any time prior to said
first day of November, provided fifty millions of
dollars shall, prior TO that date, be offered for con-
version as aforesaid.
Circulars of instructions will be to
the various officers authorized TO receive Certif-
Gates and Notes, to which attent on is invited.
H. AcCULLOCH,
oct5:251d3tkwtw Secretary o. the Treasury.