Daily national Republican., 1865-10-31
DRoposAIs FOR fuNprNe CERTIFY,
Il GATES OF INDEBTEDNESS, COMPoUnD.
u tINTRRBgT NOTES, AND TREASURY
NOTES
TREAguRr DEPARTMENT, I


e.. wasnISaroN, D. O., Sept. %, 1890.
By virtue Of the sethority contained 10 the hrn
section of an act Of Congress entitled "An act 10
provide ways and means 10 support the tovern'
ment," approved March s. 1885, which provides,
smopg ot6sf things, that any Treasury Notes or
other obligations bearing interest, issued under
any act Of Oongress, may, at the discretion Of the
Secretary Of the Treasury, and with the consent
| Of the holder, be converted into any description
Of Bonds authorised by said act, notice 10 hereby
given 10 the holders Of Certificates Of Indebted
ness which mature before the first day'of Janu.
sry next, Of Compound Interest Notes, and Of
one and two. year Treasury Notes, Of the readi-
ness OF this Department TO give In exchange Tor
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 ono 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 certia-
Gates and notes will boar an interest OF six per
cent. per annum, payable semi annually In coin,
upon the nrst days Of May and November, and
will be redeemed at the pleasure Of the Govern
nent after ave years and payable In twenty years
from the hrst day Of November, 1885.
The coupon and registered bonds issued under
this proposal will be Of the denominations OF one
Registered bonds OF ave thousand aud ten thou
sand dollars will be issued II desired.
Holders Of certificates, compound interest or
Treasury notes, who desire to make such oonver-
sions, will deliver them to the Treasurer the As
sistant Treasurers or the designated depositaries
OF the United States, to any national depository
bsnt which may consent 10 transact the business
without charge.
Interest will be allowed on certificates OF in
debtedness and oneand two year Treasury notes,
matured or maturing prior to the LIST Of Noyem-
Der, 1855, up 10 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 l, 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-
gether as an ofef for conversion bat when, after
deducting the principal Of the Bonds and three
per cent. premium, there remains fractional
part Of one hundred dollars, this 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 nrst day OF November, provided 1fty 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 Certih-
Gates and Notes, to which attention is invited.
H. McCULLoCH,
ocS.stdlaw2w Secretary OF the Treasury.