New national era. [volume] (Washington, D.C.) 1870-1874, 1871-04-20
NEW loan OF THE United
STATES.
TREASURY DEPARTMENT,
w ,.urN,,.,,,,x- LaL,a,arv &c Is

WASHINGTON, February y, ISil
Public notice is hereby given that books will
be opened on the sixth day of March next, IN
this country and in Europe, for subscriptions TO
the National Loan, under the act approved July
Ia. 1870 entitled - An Act 10 authorize the Re
funding of the National Debt" and an act IN
amendment thereof approved January 20, 1871.
The proposed loan comprises three classes
of Bonds namely;
First. Bonds to the amount of FIVE hundred
millions of dollars, payable in coin, at the
pleasure of the United States, after ten years
from the date of their issue, and bearing IN
terest, payable quarterly IN com, at the rate OF
FIVE per cent. per annum.
Second Bonds 10 the amount oil three hun
dred millions of dollars, payable ia com, 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 annum.
Third. Bonds to the amount OF seven hun
dred millions of dollars, payable in coin, at the
pleasure of the United States, after thirty years
from the date of their issue, and bearing in
tcrest, payable quarterly IN com, at the rate of
four per cent per anpum.
Subscriptions to the loan will have preference
in the following order, namely
FIRST Subscriptions that may be first made
for five per cent bonds to the amount of two
hundred millions of dollars of which there will
be reserved, for twenty days, one half for sub
scrbers in this country, and one hall for sub
scrbers 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
| a 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 III the
preceding classes.
When a subscription is made the subscriber
viii be required to deposit two per cent. Of the
| amount thereof in coin or currency of the Uni
ted States, or in bonds of the class to be eX
changed, to be accounted for by the Govern
ment when the new bonds are delivered: and
payment may be made either in coin or in bonds
of the United States known the FIvE-TwENTY
BONDS, ut their par value. The coin received
in payment will be applied to the redemption
| of hve-twenty bonds, and the debt of the Uni
ted States will not be increased by this loan.
| The bonds will be registered or issued with
coupons, as may be desired by subscribers
| Registered bonds will he issued OF the deuomi
nations of 500, 500, $500, ! 900, $4,000,
| and $4,000; and coupon bonds ofcach denom-
nation except the last two. The interest will
! be payable i'll the United States, at the Office of
| the Treasurer any Assistant Treasurer, or
| designated depository OF the Government, quar-
terly, on the first days of February, May, Au-
| gust, aud November, in each year.
| ne DOnuS OF the several classes aforesaid
| and the interest thereon, are exempt from the
! payment OF all taxes or dues to the United
| States, as 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 designated 10y the Secretary of the Treasury.
| The bonds will be issued ut the United States
! Treasury, but the agents for the negotiation of
| the loan in Europe authorized to make ar
fragments with subscribers for the transmits
| sion OF the bonds to the agents through whom
| subscriptions may be received.
| Subscribers III the United States viii receive
! the new bonds of the agents with whom the sub
| scriptionS are made.
| In the United States the National Banks are
authorized to receive subscriptions, and sub
| scriptlOns may also be made at the Office of the
Treasurer Of the United States, or Of any Assist
ant Treasurer. or at the Designated Dcpositarics
| at Buffalo, n. Y; Chicago, H.; Cincinnati,
Ohio; Louisville, Ky; Mobile, Ala; aud Pitts
burg, Penn.
The following banking houses are also author
lied to act as agents in receiving subscriptions
in the United States, viz: