The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-04-24
SPECIAL NOTICES.
~ NEW LOAN OF THE UNITED STATES

~ NEW LOAN OF THE UNITED STATES.
The subscriptions to the New Five Per Cent stock
of the United States now amount about $50 600 600
They are confidently expected to reach $2O0.OOOOOO
May. The proposals of the Secretary of the Treas
ury will then be changed to the following program
First-Bonds to the amount of three bundrad 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 cOo at The rate of five Fer cent. Der annnm
SecOnd-Bouds to the amount of three bundled
millions Of dollars, payable in coin, at the pleasure
date OF their issue, and bearing interest nayable
quarterly in coin, at the rate OF tour and half per
Third-Bonds to the amount of seven hundred
mill OF dollars payable N coin, at the pleasure
OF the I'm ted States after thirty from the date
OF their ISSUE and bearing interest," payable orarter-
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 are
taken up, in the following order, namely:
neutrality-suspicious. Tor equal amounts OF each
| class 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.
Third-Subscriptions for any five per cent bonds
that may not be subscribed for III the preceding
| classes.
Subscriptions to the remainder of the 5000, 900 900
OF hve per cents, which are Unconditional, are now
going on, and the bonds will be issued TO the
subscrbers who can receive scrip certificate in adj
vance, III lucy ucsho " pay tnciT SOu OF exchange
United States 52Os at once the registered or con-
pom form. Registered bonds will be issued of the
aeDominat ons Of So $780, $500 81 oOO $4,000, and
| $4,000 and coupon bonds OF each denomination ex-
cept the last two. The interest will be payable In
the United States at the office of the Treasurer, any
assistant Treasurer designated depositary Of the
Government, quarterly, on the first DAYS of Febru.
ary May, Angus, and November, in each year.
The bonds OF the several classes Aforesaid and the
interest thereon are exemp pit from the payment OF ali
taxes or dues OF the United States as well as from
taxation in any form by or under State, municipal
After waturity the bonds asst issued will be first
redeemed, by classes and numbers, as may be desIg
mated by the Secretary of the Treasury.
the war OF the rebelli and the Relief at the SAINT
time to the annual burden of interest, are as fol
lows:
Principal of debt 1865 ............$2 1855 935 27
Paid under johnson. ................ 264,596,37
Principal. March 4, 1869. So, 4s1 500 sO
Paid under Grant. ACKNOWLEDGEMENTS. 223,0S3, gu
Present public debt. S. 2es 3l6 %
Interest charge, 1865. ................ 1871 832O5
Reduced in four years by payments and
| 1unQlng 25,4 AZ, 81
Reduced in two years by payments. 12,O52,9s
The proposed further reductions of the an
) nual interest charge upon the public debt by
J the funding, is as follows:
By exchange of s5oo.ooO,ooo U. Sc per
cents for new per cents of 1884, ......$ 5000, 90
] | By exchange of $500, OOO 900 U. s. per
cents for ~ per cents OF 1885. ........ $500 90
| By exchange OF $700, 900 900 U. s. per
cents tor per cents of 1901. ........ IL 000, 90
Total saving per annum by rounding. $23, 500 90
The whole proceeds of the new loans will be an
| piled to the payment or redemption and cancellation
OF the 20 years six Ter cent. bonds, and in add
ton TO these proceeds, the 520s are now being rs
duced by purchase at the rate Of $lo.000.000 pc
) month. &C NORVELL,
In charge of advertising United States loans.
TREASURY OFFICE, NETWORK, April Is.
LOAN AGENTS IN NEW.ENGLAND
J BOSTON, MASS.
: Blake Brothers. Kidder. Peabody & CT
! | Brewster, Sweet d Co. Lee, Hgginson q Co.
, Beck Brothers.. Page, Richardson g. CO
| Foote & French. Spencer, Villa & Co.
Head & Perkins. Stone Il Downer
Hubbard, Brothers & Co. Walker q Merriam.
Tower, Giddings q Torrey.
. P. M. Blake, Bangor, Maine.
S. p. Burt, New Bedford, Mass.
George P. Bissel g. Co., Hartford, Conn.
Elton Banking Company, Waterbury,
H. II. Bunne New-Haven,
Z. S. Scranton & Co., New-Haven,
aprl7eod9t