The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1866-01-03
leaving baAsoe IN shs Treasury. of..s 4ss 40l 81

b the provisions VI A. act autaOrlZng
z war bounty loan" approved March ?, 1850,
g loan Of one million dollars was authorized
Tor the purpose Otpay.l- STATE bounty 10
volunteers IN the military service OF me
United states Arthe time tie a10ve ACT
vas passed. the last CAL l4l a.realy been
made on Tie state Tor troops anu about
four thousand volunteers Lad enlisted. BE-
fore the bonds could be engrated the war
was ended and enlls,mel-- stopped. The
number q men enlisted who We're suppos-
cd 10 te entitled u bounty was found 10
be about i've thousand naaing l. anecessa-
r. 10 provide about seven hundred and Li,y
thousand dollars Tie bonds were Lot
ready about the Is, @. May last, AID I im-
medlately Wen; u New YORK, and made an
earnest effort 90 j spOse oi them oy private
sale Unfortunately lOr ms success. the
state o. New lCgh. AND many Others VI tie
id ..A,es, were then lu The market Tor
large loans for the same purpose a. our
selves. and the banking system O. tie Uni
Ted states being IN process VI Transition
from state 20 National. the banks We're sell
IN state securities and buying National. sO
that investments IL the National securities
completely absorbed the public attention.
Under these circumstances 1 failed 90 Sc,
any offer for the bonds. On my return
.irom New York. ! advertised 10 receive
proposals for the bonds, 10 be opened on
the 9Th DAY OF June, ~ which time onll
f0rty-Oue thousand dollars. were biz for lu
cash. az tie following rates, 70 VII:
&c go K ga. iIloJ y s5 5000 q "a 81 coo Q
- 81 900 q 81 4 olO = % 81 OOO . = y 20
~ % 81 co. q. - Z e Co Z Il. 81 or . % y
SIS 600 q e0,S goJ g 81.
OF which Ioccertej ouly the six th0a-
sand dollars a. par. Tie balance az 81,
bids were 50 low thaf deemed b for III,
Interests ct TIE state I'd reject them Is
pecially a their aggregate. ii accepted
would have enabled me 10 pay Only 2 teV
OF the soldiers their bouutie-.
Afera consultation with YOUR EXceleGcl
I'M order 10 meet Tie So shes %. many OF lh
holders OF bounty certificates. ia large nun
Der Of which had been purchased from th'
soldiers Immediately upon their being eu
listed by an arrangement with Tie Quarter
master General, ! commenced 70 exchang
the bonds for the certificates AZ par al
I'D u this time in this way / have QlspOs
= ed OF three hundred and t0rty-tve thOusau'
dollars. which > now estimated 90 Dee one
half OF the amount ,rAt wall be called for.
C BY the pTOvis.0 us % an act auth0riZiu.
q war bounty loan. approved February )
4 1871 lOdu o. I'VE uuhhfri thousand 40
lars was authorized Tor bounty purpose.
, The money arising from tli- ipan was al
4 pHca0.e To aouutles 10 il.' the quotas q
g 1864 Under the provisions OF This act
have issued tle balance of these bonds {
. the amount Oi Two hundred and seyent
thousand dollar, al oil winch was purchas
b ed by this Office for the sinking funds.
The War fund account IS Is follows.
= Amount received for bolts ealer act No
"a ls64 .-..............-....-.... 1910 OOo {
. Amount rsc..gel Ior -gI-s uL4er act No.
s. 1866. ........................... s4s 900
+ Accs1el interest rec lived o. buyers OF
n above bonds, ..... Observation-Disclosures. : 29s
y " the amount levied N 1861, ts1es To-
S interest on War 10 a. the amount ac-
tuaily paid Is cro-iisl - THIS fund.- 50 555
o Received Tor a coupon pad by mistake g;