Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-10-07
PROPOSALS. wANFEp.
Proposals for Funding Certifl-
Gates Of Indebtedness, Com
poumU Interest," Notes
and Treasury Notes.
TREASURY DEPARTMENT,

" 1AAAT - ~ ~ 49, t@N@J
By virtue of the authority contained in the first
section Of act Of Congress entitled An Act to pro-
vide ways and means to support the Government, y
approved March 3, 1865, 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 hold
er, be convCTted into any description of Bonds au-
thorized by said Act, notice is hereby given to the
holders of Certificates Of Indebtedness which ma
ture before the first of January next, Of Compound
Interest Notes, and Of one and twO-ycar Treasury
Notes, of the readiness Of this Department to give
in exchange for them, TO the extent of Fifty Mil
lions of Dollars, six per cent Ftye-Twenty-1e ear
Bonds, at three per cent premium-that IS TO say,
one hundred dollars Of Bonds for each one hundred
and three dollars in Certificates and Notes; provi-
ed the conversion ts made prior to the hrst day OF
November next.
The Bonds issued in exchange for such Certif-
Gates and Notes will bear an interest of six per
cent per annum, payable semi-annuaIly in coin,
upon the first days of May and November, ana VIII
be redeemable at the pleasure Of the Government
after five years and payable in twenty years from
the first day of November; 1866.
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 will be issued if desired.
Holders Of Certificates, Compound Interest or
Treasury Notes, who desire to make such CONVEX
sions, viii deliver them to the Treasurer, the As
sistant Treasurers, OF the Designated DepOsitaries
of the United States, OF to any National Deposita-
~ BANK winch may COuseHt 70 lIdnsdCl liz pusl-
ness without charge.
Interest will be allowed on Certificates Of 1n-
debtedness and one and tFO-year Treasury Notes,
maturod or maturing prior TO the first of Novem-
Der; 1865, up to the date of maturity; and when
maturing after the first of November, interest will
be allowed to that day.
Upon the Compound Interest Notes the interest
will be computed to November I, 1865, upon the
amount of principal and interest compounded GU
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 depOsitOr.
The Secretary reserves to himself the right Of
withdrawing this proposal at any time prior to said
first day of November, provided nifty millions 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 and Notes, to which attention is invited.A
II. McCULL0CH,
oct5;251d3tEwtw Secretary Of the Treasury.