The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-01-04
MONETARY 4 COMMERCIAL.
Government Securities.

There are at present outsta nding no less
than nine different issues of Government
Securities SO varied in name, rate of IN
terest, and the time at VIII CHI they mature,
that even the largest dealers are puzzled
at Times to state them intelligently. 1t is
certainly a great Inconvenience, AZ well as
embarrassment, that the national indebt-
edness should exist in SO many shapes |;
but they were created under the law of ne
cessity, and must be borne unless Congress
should adoptethe project for consolidating
the debt, which, at the last session, was
agitated to a considerable extent 1t is
needless now 10. repeal Inc great ana nu-
merous advantages resulting from having
the debt in one shape. and paying uni
form rate of in tereSt.l II MAY be remarked
thai the Government will exchange, free
OF. cost, any coupon Bonds for registered of
the same issue. The conversion of Seven
ThirtieS into Five-TWentieSs progresses so
rapidly that before a long time it is rea-
sOnable to supposeethe former will vanish
out of sight. Ihe following are the differ
enL issues of Securities ~ AAas1J
skies Of 81, daIed in 1861, and payable in
twenty years from January lst and Jnly lst
of that year; hence their name. They are
due AID. 1881. Interest on them per cent.
In goid, payable January list and July lst.
Old 5-20S, called old because they were
the first of the popular bonds issued and
designated 5-20s, from the timei they have
to run. They Deardate May list, 1862. Re-
deemable after May list, 1867; payable May
Ist, 1882, Interest at 6 per cent. in gold,
payable May aud November LIST. The cou-
pom bonds of this issue command higher
premium than the new, because they are
as yet The only KIND mat are avaliao PIE lor
Five-twenties of 1854. issued Novem Der
LIST, 1884, redeemab 9 after November LIST,
1869, payabl November list, 1884. Interest
8 per cent. in gold, payable May and No.
vember LIST. $50 Gt86et ttht
FIve-Twenties of 1865, November issue
These Bonds bear dale November lst,N 1865,
redeeinable after NOYember1St, 1870, paya-
BILE Novem ner list, 1855. Interest six per
cent, in gold, payable May and November
LIST. Fflgk e4geLlsZt Ig8.5nlfMSEl
bonds are issued insexeifange for 1905 con-
verted, and beardate July Isl, 1854 redeem
able after July lst, 20. payable July ist,
1885, Interest SIX per cent IN gold, pay BILE
Ten Forty bonds. bearing this name from
the number. of years fol. which they are is
sued: being Te .eemaDle 1atier zen years
1864. i mt crest ut five per cent. in gold, pay
able on the 500 and 900 coupon bonds, and
on all the regisl cred, March LIST and Sep
tember LIST : and on the zoos and SOS coupons,
yearly on March Ist.l 81 - q
First ser esi Il $40 Treasury Notes, dated
August ID, 1854, payable three years. from
holder into5-20 yea bohdS, having the sa me
features as the old 5-2Js, only beginning
August 10, 1857. The interest on these Treas
ury Notes Is al the rate OF z $40 per cent.
per annum, in currencyi being one cent q
day on each $50, ana papa BILE August 18th
Second eeries s-i0 Notes. Same as the
first excepting Ihey7date June u, 1865, and
interest payable June Is and Decem Der Is.
Con kertible. June Is, 1863, either in $40
Bonds or Money, at the option CT the
holder. Go 80
Third series $40 Notes. Same as the
first two, except that the Government re-
serves the right to pay the interest at any
time, at six per cent. in Gold, instead of
Z $40 in Currency, convertible three years
from their date, viz: July Is, 1885, into
5-20s. Interest payable July Is and Janua-
~ I5.. Hss4
Anti Gold bearing Bonds are issued
either coupon or registered.
All the CT upon Bonds are issued In de-
nominations OF $50, 500, $500 and $1,000;
registered the same with 5000 and 5000.
The 10 notes are issued in sums of $50,
800, $500. $1,000 and 5000, all with coupons
attached. st .tE H1 4GN