Daily national Republican. [volume] (Washington, D.C.) 1862-1866, 1865-10-18
PRoPoaALa.
PROPOSALS FOR FUNDING CERTIFI.
Il GATES OF INDEBTEDNESS, COMPOUND
INTERBsT NOTES, AND TREASURY
sI' MOTHS


| b.. 10 .s TREASURY DEPARTMENT
wAsHIrgroN, d. G., Sept. q, 1865.
BY virtue Of the authority contained 10 the hrst
section Of an act Of Congress entitled can act to
provide waysa and means to support the Govern
nent,v approved March 8, 1888, which provides,
| smong other things, that any Treasury Notes or
other Obligations Bearing Interest, Issued under
any not Of Congress, 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 IL hereby
given 70 the holders Of Certificates Of Indebted
ness which mature before the hrst day OF Janu-
airy next, Of Compound Interest Notes, and OF
one and two.year Treasury notes, OF me Teaal-
thsm, 10 the extent Of Fifty Millions OF Dollars,
six per cent ve-Twenty Year Bonds, at three
per cent premium-tbat IL to say, one hundred
dollars Of Bonds for each one hundred and three
dollars in Certificates and Notes provided the
conversion 10 made prior to the hrst day OF No
vember next.
Gates and notes will bear an interest Of six per
cent per anuum, payable semi-annually In coin,
upon the arst days Of May aud 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, 1885.
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 who desire to make such CONVEX
stons, Will deliver tnem 10 the tue as
sistant Treasurers, or the designated depositares
Of the United States or to any national depository
bank which may consent to transact the business
without charge I'D
Interest will be allowed on certificates OF in
debtedness and one and two year Treasury notes,
matured or maturing prior to the lst Of Noyem-
Der, 1868, up to the date Of maturity; aud 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 I, 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
deductiug 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 depositor.
The Secretary reserves to himself the right OF
Withdrawing this proposal at any time prior to
said first day Of November, provided nifty mil.
lions Of dollars SHALL prior to that date, be offered
for conversion rs Aforesaid.
Circulars OF Instructions will be transmitted to
the various officers authorized to receive Certin-
Gates and Notes, TO which attention Is invited.
H. M0CULL0CH,
oc9. 3tdlaw2w Secretary Of the Treasury.
T ARGE GOVERNMENT SALE OF TIM
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