New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-04-28
~rw Io,N OF THE UNITED STATES.

.,,scr stions to the New Five Per Cent STOCK c6
IN limited States now amount To about oSo
they oC1de1 s@pdst are ready for delivery in
by Ee The nrorosals of the Secretary of the Ire,s
s,rv win then be changed to the following P''
Mn.s Ronds to the amount Of three hundred mt Of
s;sns Of dollars payable in com, ~ Tue Rd aie of
s6e United States, after ten years IRON s quarterly
Ebe;r issue and bearing interest, payaOe m
IN com at the rate of five per cent per Kindred
SS,oEd: Bonds to the amount OF tn .So pleasure
,nilhons of dollars payable IN COM aTs from the
nf the United States after htteen Sterst PAYABLE
Sate Of their issue and bearing ln,eonJ balf per
stv "a ,0 ,n at the rate of four ana LA" p'i
sent per annum; ,bO omount of seven hundred NH
~ I1' H 1 oTaIe in coin, at the pressure oi tnS
limited states after thirty yrest payable Quarterly
heir issue and oeS 1T fSur per cent per annum
IN com az tnS 20 the loan will have preference
after the abovenentlonedl ITo namelv. wv
go mn i'm The following orueT nsintIy - o.l
taken uS Subscriptions for equal amounts OF each
alas OIL pSnhbcr;ptions for equal amounts Of bonds
c eU. sacest At the rate of four and a half per
mt and of bonds bearing interest AZ the rate OF
Give per cent. -. e. on,r Eve nor oar+ honda
sbat NAV not be subscribed for In the preceding
SSSscrn+ons 10 the remainder Of the $500 900
-. Eve per cents which are unconditional. are now
90 o. and the bonds will soon be issued to the
Dhserbcrs who can receive scrip certificate IN ad-
.rance If they desire to pay their gold or exchange
AurNAn
onT.on form Registered bonds will be issued of the
denominations of $50, $lOO, $500 $l,OO, $5,gOO and
Si000l and coupon bonds of each denomination ex-
~ent the last two. The interest will be payable In
she limited States at the office of the Treasurer any
Issis+ant Treasurer designated depOstary OF the
scyerpment quarterly the first days of February,
Nav August, and November, III each year.
The bonds of the several classes Aforesaid and In,
crest thereon are exempt from the payment of all
taxes or dues of the United States as well as from
taxation in any form by OF under State, municipal,
or local authOrltV.
After maturity the bonds last issued viii be first
yedeemed by classes and numbers, az may be desig-
mated by tho Secretary of the Treasury.
The reduction of the public debt since the close OF
che war OF the Rebellion and the relief at the same
sime, to the annual burden OF interest are as
follows: ...o o.o-.
Paid under Johnson 265,695Sn
Principal. March L. Isss..........s2,49 40, s999 O4
Paid under Grant 21S'US6'S
Present public debt. 2ss, sls,2sl
Interest charge 1865. ........-...-.. l6l,oS2,O5l
Reduced IN four years by payment and
funalng....-- %o'f1,OOI
Interest charge 1862 ................ t126ss9,550
Reduced in two years by payment. l2o52,9Ss
Present interest charge .............. Ni4SS6,552
The proposed further reduction of the annual
interest charge upon the public debt by refundng IL
as follows:
81 exchange Of $500, 100000 United States six
per cents for new five per cents ot 1854 S,UoOO
81 exchange Of &neoo,0o0 United states SIX nm 10,
per cents for four and half per cents of 1896 t0OOt
BY exchange OF t7OO,O0o,0Oo United States six -
Total saving per annum by refunding as 500 ,OO
The whole proceeds of the new loans Will be ap
phed to the payment or redemption and cancellation
OF the $40 years six per cent bonds and IN addition
90 these proceeds the 5-2Os are now being reduced
BY purchase at the rate of 100000 per month.
In charge Of advertising United states Loans.
Treasury O65oe, Nsso York, April is.