New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-03-16
NEW LOAN or THE UNITED sTATEs-crRcTUAR ppo-
POSAIS-SCRIP IN ADVANCE
aGrrux

POsAIS-sCRIP IN ADVANCE '"'-
TREASURY DEPARTMENT.
Public notice is hereby given that books VIII bo
opened on the 9th day Of March next i'm This COM
Try and in Europe for subscriptions to the National
Loan under the act approved July H. 1870 entitled
" An Act 20 authorize the Refundng Of the National
Debt and the act in amendment thereof approved
Jan. 20, 1871
The proposed loan comprises three classes of bonds
TTrsi: Bonds to the amount of five hundred mil.
hons OF dollars payable IN COIN at the pleasure Of
the United States after ten years from-;he date Of
their Issue, and bearing interest payable quarterly
in coin, at the rate Of five per cent per annum
Second: Bonds to the amount of three hundred
millions Of dollars, payable IN CON- at the pleasure
Of the United States after fifteen years from the
date of their issue and bearing interest, payable
quarterly in coin, at the rate OF four and half per
cent per annilm
Third: Bonds to the amount Of sevesl hundred
millions of dollars, payable in CON- at the pleasure
of the United States after thirty years from the date
of their ISSUE and bearing interest payable quar-
tery in con at the rate of four per cent per annum
Subscriptions TO the loan will have preference IN
the following order namely:
First: Subscriptions that may be first made for five
per cent bonds the amount of two hundred millions
of dollars of which there will be reserved for twenty
days, one-haf for subscribers in this country and
one-haIf for subscribers in foreign countries.
Second: Subscriptions for equal amounts of each
class Of bonds.
Third Subscriptions for equal amounts Of bonds
bearing interest at the rate Of -four and half per
cent and of bonds bearing interest at the rate Of five
per cent.
Fourth: Subscriptions for any five per cent bonds
that may not be subscribed for IN the preceding
classes.
When subscription is made, the subscriber will
be required TO deposit two per cent of the amount
Thereon IN com or currency Of the United States
IN bonds OF the class TO be exchanged. to be ac-
counted for by the Government when the new bonds
are delivered; and payment may be made either in
coin OF in bonds Of the United States known as FIVE
TWENTY BONDS, at their par value.
The coin received IN payment will be applied to
the redemption of tye-twenty bonds, and the debt
of the United States will not be increased by this
loan.
The bonds will be registered or issued with cou-
pOns, as may be desired by subscribers. Registered
bonds will be issued of the denomination of $50,
$780, $500, 81 ,OOO 5000 and $1,000; ,.nd coupon
bonds of each denomination, except the last two.
The interest will be payable in the United States at
the Office Of the Treasurer, any Assistant Treasurer
or designated depository of the Government, quar-
terly, the first days of February, May, August,
and November, in each year.. ..
The bonds of the several classes aforesaid andhhe
interest thereon, exempt from the payment of
all taxes OF dues of the United States well from
taxation in any form by or under State municipal,
or local authority.
After maturity, the bonds last issued will be first
redeemed, by classes and numbers as may be desig-
mated by the Secretary Of the Treasury,
The bonds will be issued at the United States
Treasury but the agents for the negotiation of the
loan in Europe authorized 70 make aTran gements
with subscribers for the transmission of the bonds
to the agents through whom subscriptions may be
received
Subscribers in the United States viii receive the
new bonds of the agents with whom the subscrip-
tons made.
In the United States the National Banks are an-
thOrzed to receive subscriptions, and subscriptions
may also be made at the ONCE of the Treasurer of
the United States or of any Assistant Treasurer,
the Designated Dep0sitaries at Buffalo, y. T.; CHI
cago H.; Cincinnati, Ohio Louisville, KY; Mobile,
Ala; and Pittsburgh, Penn.
Il. S-Ths Department and its own Loan Agents
are now ready to receive the United states Five
Twenty Bonds and to pay the gold interest thereon
to May l. from which date the new bombs viii bear
interest scrip certificate calling for the bonds on
the LIST May will be issued at in exchange for
the old bonds GEO. 5. boutwell,,
Secretary OF Treasury.