New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-03-18
NEW LOAN OF TIE UNITED srATEs-CIRCUIAR PRO-
POsIS-SCRIP IN ADVANCE
TREASURY DEPARTMENT,
III (

NEW LOAN OF TIE UNITED srATEs-CIRCUIAR PRO-
POsAIS-SCRIP IN ADVANCE.
TREASURY DEPARTMENT,
WASHINGTON, Feb. g. 1871.
Public notice is hereby given that books will he
opened ON the 9th day of March next, III this conn
try and in Europe, for subscriptions to the National
Loan under the act approved July A. 1870 entitled
An Act to authorize the Reminding of the National
Debt" and the act in amendment thereof approved
The proposed loan comprises three classes of bonds
Ersf: Bonds to the amount of FIVE hundred mil
lions Of dollars payable in coin, at the pleasure Of
the United States sitter Ten years from the date of
their issue -aad bearing interest payable quarterly
III coin, s'Ihe rate On ave per cent per annum
Second: Bonds to the amount Of three hundred
millions Of dollars, payable in coin, at the pleasure
OF the Urited States after fifteen years from tho
date OF their issue, and bearing interest, payable
quarterly in coin at the rate OF four and hali per
TIid: Bonds TO Tire amount Of seven hundred
millions OF dollars, payable IN CON- at the pleasure
of the United States after thirty years from the date
Of thoir issue, and bearing interest payable quar-
teriy in CON- tic rate OF four per cent per annun
Subscriptions to the loan VIII have preference IN
the following order. namely:
First Subscriptions that Inay he first made forBvc
pr cent bonds to the amOuntCt TWO hundred min ns
OF dollars; Of which here Will be reserved f0i wtntH
days one-half fOr subscribers il this country and
onc-half for subsc. hers III foreign countries
second: Subscriptions for equal amounts OF each
e.ss Of bonds.
Third: Subscriptions for equal amounts Of bonds
bearing interest at tive rite a fouI and half per
cent and OF bonds bearing interest AZ the late ct Ve
ioa,tf: Subscriptions for any five per cent bonds
that may not be subscribed fer il the preceding
classes
When subscription is made, the subscriber will
DO required To deposit two per cent OF tie ah0uit
thereof in coin or currency Of the United StajSs OF
in bonds of the class 10 be exchanged to be ae-
Counted for by the Government when the new bonds
are delivered; and payment may he made either N
coin in bone Of t!e United STATES known rs FIVE
TWENTY BONDS, ft Iheir par value. -
The coin received in paymcnt viii be applied 10
the redemption Of hve-tWenty bonds. ana the debt
al the United States VIII not be increase. by tins
The bon Is viii be registered or issued with con;
poDs. a. may bc de- ircd by euts'1bcis. EeyisteIrd
bonds win be issuud Cf the denomination of so,
500 $50; 1900 $500 and Sl0,G00; aud conpon
bonds of each denohina.I0h, e-ccPt- We itst TWO.
the office of the Treasurer any Assistant treasurer
or designated dapoi.OTy Of the GOyelEIneII, quar-
terly, on the fra days OF February, May, August
The bonds OF Tie several classes Aforesaid and'the
interest thereon, are exempt RON the payment ot
all taxes OF dues OF the United o,a-cS, Is wei as lfoi
taxation la anv fJm By o. uLUcr S,atc, mulhtIgdi,
After naturty. the bonds lest issued will he, first
redeemed, by ella and numbers as may pe Cesls-
uated bv the Secretary Of the Treasury.
The bonds viii be issued OF the CHted Hta YES
Trea,urv, but the AGENTS for the negouaN'h OF lte
loan 10 tuOpe are authCIiZed 10 make alrahgeue',S
with subscribers for tie transmission OF IAc OoH,ls
to tie agents through whom subscriptions may ~
Subscribers in the United States viii receive the
new bonds OF the agents with who'd the sdbscrIp-
In the United States the National Banto are. an-
thorzod to receive Subscriptions, and snbsclptionS
NAV also be made II the Office of the Ire1Sulet Vi
the United States, Of any Assiai2nt IfsdsGleI ~
The d Designated Dopositarles at Buiiao, n u IN
caco, III: C:nciT1aii, Oio; Louisville Ky" hoOiio'
's"TIis ID nartnlgnt and its own Loan Agents
are now rIady 10 receive the United States, five
Twenty 5ndS and to rIy the gold interest thereon
to Nav l, from which date the new bonds van pear
;,cTfSt scrip certificate calling for the bonds on
the Isl MAY win be issued at Cnce IN exchange Tor
Gc nId Londs. GEO. 6. BOUTNEiL,
Wv W Secretary of Treasury,