The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-04-26
SPECIAL NOTICES.
~ NEW LOAN OF THE UNITED STATES.

eY- NEW LOAN OF THE UNITED STATES.
The subscriptions to the New Five Per Cent. Stock
of the United States now amount 10 about 5000 600
They are confidently expected to reach 900, 100000
by the time the New Bonds are ready tor delivery in
NAV. The proposals OF the Secretary of the Treas
ury will then be changed to the following program
me: .
First-Bonds to the amount of three hundred mil
lions OF dollars, payable in coin, at the pleasure OF
the United States, after ten years from the dale 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 coin, at the pleasure
OF the United States. alter fifteen years from the
date OF their issue, and bearing interest, payable
quarterly in coin, at the rate OF tour and half per
cent. per annum.
THird-Bonds to the amount of seven hundred
mill of dollars, pay able N coin, at the pleasure
of the United States, alter thirty years from the date
of their ISSUE and bearing interest payable qIarter
ly in coin at the rate OF four per cent per annum
Subscriptions TO the loan will have preference,
after the above mentioned two hundred millions
taken up, in the following Order namely:
First-Subscriptions Ior equal amounts Of each
class OF bonds.
Second-Subscriptions for equal amounts OF bonds
bearing interest at the rate OF four and a halt per
cent and Of bonds bearing interest at the rate oil
Third-Subscripiions for any five per cent. bonds
ahat may not be subscribed for i'll the preceding
subscriptions to the remainder OF the 5000 900 900
VI ; nse per cents, which unconditional, now
gong on, and the bonds will soon be issued TO the
who can receive scrip certificate in adj
vance, II they desire paw their god or Exchange
United States 520s at once in the Teosterad or con-
denomnat Of $50 siOO $500 Al oon s oo q, ,ns
500 and coupon bonds OF each denom;pstion ay
cept the last two The interest will ha naaTa A
the United States at the office of the TIeasnrep anu
assistant Treasurer or designated depostary Of The
Government, quarterly, on the first days OF Febru-
airy, May, Angus and November, in each wear
The bonds OF the several classes AZORES and the
interest thereon. are exempt from the payment OF all
taxes dues of the United States, well as from
taxation in any form byo under State, municipal,
| or local authority.
redeemed, by classes and numbers as may be deslg-
| na,ed by the Secretary of the Treasury.
The reduction of The public debt since the close oil
the war OF the rebe nj and the relief at the same
time, to the annual burden OF interest, are as fol-
lows:
Principal of debt 1856. 755, 9j5 275
Paid under johnson. .............. 264, 800, 81
Principal, March 4, 1862 ........ 81, 4si ss9, 9Oi
Paid under Grant. ................... 223.0S3,673
Present public debt. 81, 26s SIG, 231
Interest charge, 1865 Experimentation. ISL, 49,, 051
Reduced in four years by payments and
running ......................'.. zoifz,ooi
Interest charge, 1869. ............ s126 $50, $50
| Reduced in two years by payments. 12,O52,99s
Present interest charge. ,..........s ia 1886, 552
The proposed further reductions of the an
| nual interest charge upon the public debt by
| the funding, is follows:
By exchange of s5OO,OOO,OOO U. S. G per
| .
By exchange OF $500 900 900 u. S. per
cents foI A per cents OF 1886. 1850, 00(
By exchange of 100000, 900 U. S. 6 per
cents for per cents OF 1901 ......... $4,000 00I
Total saving per annum by rounding. 81, 800 ,Oo
The whole proceeds of the new loans will be ap
piled to the payment or redemption and cancellation
of the 20 years six Der cent. bonds, and in add
ton these proceeds, the 5-2Os are row being re
duced by purchase at the rate OF Si0.000,000 pei
| month. c. G. NOkVELI,
In charge of advertising United States loans.
TREASURY OFFICE, NEW YORK, April IS.
LOAN AGENTS IN NEW-ENGLAND
BOSTON, MASS,
Blake Brothers. Kidder, Peabody & Co
| Brewster, Sweet d Co. Lee, Higginson q Co.
| Beck b. others. Page Richardson & Co
| FOote q French. Spencer, Villa 81 Co.
| Head q Perkins. Stone & Downer.
Hubbard, Brothers & Co. Walker & Merriam.
| Tower, Giddngs q Torrey.
| P. NJ. Blake, Bangor Maine.
| S.P. Burt. New Bedford, Mass.
| George p Bissell & Co., Hartford, Conn.
| Elton Banking Company, Waterbury, -
ii. IL. Bunnel, New-Haven, "
E. S. Scranton & Co., New-Haven,
| apr17eod9t