Daily national Republican., 1865-10-28
DRoposALs FOR FUNDING cERT1T1.
L CATEs OF INDEBTEDNESS, COMPOUND.
INTEREST NOTES, AND TREASURY
TprAsupY DrpAnfrrrr, I

| TRrAsupY Dlpknrrzrr,
wAsHrroror, D. O., Sept. 70, 1895, !
By virtue Of the authority contained In the hrst
section OF an act Of Congress entitled "An act 10
provide ways and means to support the Govern.
ment," approved March s, 1888, 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
q The and rS Ss
Of Bonds authorised by said act, notice Is hereby
given to the holders Of Certificates OF Indebted
ness which mature before the FIRST day Of Janu-
ary next OF Compound Interest Notes, and Of
one and iwo.yeaf 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 Five Twenty Year 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; provided the
conversion is made prior to the hrst day Of No
vember next.
The bonds issued in exchange for such csrtin-
Gates and notes will bear an interest Of six per
cont. 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 payable in twenty years
from the nrst day OF November, 1855.
The coupon and registered bonds issued under
this proposal will be Of the denominations Of one
hundred, ave hundred, and one thousand dollars.
Registered bonds Of ave thousand and ten thou
sand dollars will be issued II desired.
Holders Of certificates, compound interest or
treasury notes, VINO desire 70 make BuCh cOnVer-
sons, will deliver them to the Treasurer, the As
sstant Treasurers, or the designated depositaries
Of the United States 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 Novem-
ber, 1858, up to the date Of maturity; and when
maturing after the lst Of November, interest will
be allowed TO that day.
Upon the compound interest notes the interest
will be computed to November /, 1865, 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 three
per cent. premium, there remains q fractional
part Of one hundred dollars, this fractional part
will be paid to the deposition.
The Secretary reserves to himself the right Of
Withdrawing this proposal at any time prior to
said first day Of November, provided nfty 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 Certh-
Gates and Notes, to which attention is invited.
H. MoCULLoCH,
oc3-Stdlaw2w Secretary of the Treasury.