Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1871-05-17
'''''''ss OBSERVATION-DISCLOSURES
Register of the TrsnsIlrX

Register of the Treasury.
Registered Bonds will be issued of the denomina-
tons of $50. S1o0, $500, $1,000 $1,000 and $4,000
aad 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 depostory of the Govern
ment quarterly, on the first days of February, May
August nd Noyember in each year.
The interest the Registered Stock of this loan it
is determined by The Treasury Department, will be
paid as conveniently to the holder as the Coupon
Stock, and personal attendance, or attendance by
proxy at the Treasury to draw and receipt for the
interest will be dispensed WITH WHENEVER Tue CHECK
THE UNITED STATES TREASURER, MAILED PUYcTU-
ALLY TIRE ADDRESS AND ORDER or EACH HOLDER, on
| BEFORE EVERY QrARTER-pAY, IS PREFERRED TO
sUCH ATTENDANCE This check, payable in Gold Coin,
at the Treasury in New ork Tor such other Office
thestocl is registered at will be negotiable coli
Iectable ON the Endorsement of the owner owners
of the stock. In pursuance Of this arrangement.
the subscribers TO- or purchasers OIL the stock in its
registered form, (Which i complste protection
against theft orotber losses incident to coupon bonds
payabs TO bearer advised to give their post-oce
address in full, and to notify of any change in the
address between quarter days.
The whole proceeds Of the new loan will be applied
to the payment redemption and cancellation of the
so years per cent bonds, and in addition to these
proceeds the 500 ere now being reduced by purchase
at the rate Of SlO,O00,O60 per month-
The entire effect therefore, of the losn in con-
nection with the existing sinking fund process Of the
Treasury to reduce both principal and interest of
the public debt of the United States. The LOAN
CREATES no ADDITIONAL sUPPLY OF GOVERNMENT
STOCKS. while the application of the surplus
derived in goll from Customs is constantly lessruug,
as it has been doing for two years past, the funded
stocks barring six per cent. gold interest.
The 1st Of May schedule of the Public Debt, which
has just been published by the Secretary Of the
Treasury showsa reduction in these stocks siuce the
April schedule of sl2 7OO and further Iessenng
of the yearly interest charge thereon of s73., 942
This leaves the total yearly interest chargs in gold
SIl29S2, C3l. In the same month the Treasury paid
and Cancelled S2,470 COO Of the Three per Cent Cur
rency Debt reducing the whole of this debt bealin
interest to s51 03 000 and the yearly interest charge
thereon to s1,537,4.o.
The proposed further reduction Of the annual in
eres charge upon the public debt by rounding is
follows:
BY exchange Of $500 600 OOO United States
6per cents for per cents OF ISL. IS 0SC 0C0
BY exchange of $500. 600 coo United States
6per cents for u per cents of ls66... $500 600
BY exchange OF $500 900 600 United States
6 cent Tor per cents of l901........... 40oOO
Total saving per annum by refundug... S23 600
The large and rapid accumulation in the last few
years Of private capital retired from business
and of the cash savings and life insurance premiums
deposited with intrusted to the provilent institu
tons of the coun.ry-all seeking the most andoubted
security pledged to be kept flee Of all taxes, under
national osa authority and content provided this
object be assured, with moderate rates Of interest
WILL no doubt, ultimately absorb so much Of these
New Stocks may not be taken voluntary CONVEX
sion of United tAtes 5-2Os, or marketed abroad.
c. C. NORVELL,
In charge of United States Loan Advertising
TREASURY OFFICE.
New York, May 2, 1871. 5-3w