Daily national Republican., 1865-10-03
DROPOSALS FOR FUNDING CERTIFI-
l. GATES OF INDEBTEDNESS, COMPOUND
INTEREST NOTES, AND TREASURY
NOTES
TREASURY DEPARTMENT. !

wAsHISGToS d. c., Sept %, 1866 {
By virtue Of the authority contained 10 the first
section OF an act Of Congress entitled can act to
provide ways and means to support the Govern
men" approved March 8, 1885, 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 descrip &c
Of Bonds authorized by said act, notice is heroUy
given to the holders OF Certificates OF Indebted
ness which mature before the FIRST day Of Jauu-
ary next, Of Compound Interest Notes, aud 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 cent iye-Twenty- Year Bonds, at three
per cent. premium-that is to say, one humid d
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 Nos
yember next
The bonds issued in exchange for such certiA.
Gates and notes will bear an Interest Of six per
cent. per annum, payable semi annually In coin,
upon the first days Of May and November, and
will be redeemed at the pleasure Of the Govern
ment after Ave years and payabl in twenty years
from the first day Of November, 1865.
The coupon and registered bonds issued under
this proposal will be Of the denominations Of one
hundred, five hundred, and one thousand dollars.
Registered bonds Of i've thousand aud ten thou
sand dollars will be issued II desired.
Holders Of certificates, compound interest or
Treasury notes, who desire to make such conver-
siOns, will deliver them to the Treasurer, the As
sstant Treasurers, or the designated depOsitaries
Of the United States, or to any national depository
bank which may consent to transact the 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 NOyem-
Der, 1885, 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 l, 1885, 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
deducting the principal Of the Bonds and throe
per cent. premium, there remains q fractional
part Of one hundred dollars, this fractional part
will be paid to the depOsitor.
Tho Secretary reserves to himself the right of
Withdrawing this proposal at any time prior to
said first day OF November, provided hfty 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 Certif-
Gates and Notes, to which attention is invited.
II MCCULL0CH,
oc3. .3tdlaw2w Secretary OF the Treasury.