The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-03-11
FINANCIAL.
NIRw LOAN OF THE UNITED STATES.
IN IMPORTANT CIRCULAR.
TREASURY DEPARTMENT,
WAsHINGfON, February yS, I9l


Public notice is heisby given that books will be
country and in Europe for subscriptions to the Ma
tional Loan under the act approved July ID, lslO,
entitled IAN act TO auth orize the Refunding OF the
National Debt" and the act in amendment thereof,
approved January 90 1871.
The proposed loan comprises three classes OF
First. Bonds to the amount Of five hundred mil.
lions Of dollars payable in coin, at the pleasure OF
the United states after ten years from the date 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, after fifteen years from the
date OF their issue, and bearing interest," payable
quarterly IN coin at the rate OF four and haf Der
Third. Bonds to the amount Of seven hundred
millions Of dollars payable in coin, at the pleasure
OF the Uned States after thirty years from the date
OF their issue, and bearing interest," payable quar-
terly in coin, at the rate Of four per cent. per
annum.
Subscriptions to the loan will have preference In
the following order, namey:-
First Subscriptions that may be first made for dve
per cent bonds to the amount of two hundred mil
lions Of dollars of which there will be reserved for
twenty days. one half for subscribers in this country
and one-half for subscribers in foreign countries
Second. Subscriptions for equal amounts Of each
Third subscriptions for equal amounts Of bonds
bearing interest at the rate OF four and half per
cent and Of bonds bearing interest at the rate of
Fourth Subscriptions for any five per cent. bonds
that may not be subscribed for in the preceding
When a subscription is made the subscriber win
be required to deposit two per cent OF the amount
there of In coin or currency of the United States or
10 bonds OF the class to be exchanged, to be ac-
counted for by the Government when the new bonds
are delivered; and payment may be made either i'll
| coin in bonds of the United States kno Hn as
| FlVETWENTY BONDS, at thelrpar value.
The coin received in payment will be applied to the
redemption of 20 bonds, aud the debt OF the United
! States will not be increased by this loan.
The bonds will be registered or issued with cou-
tired boL DIS will be issued of the denominations OF
s50 $780, s50G $1,000 $4,000, and $4,000, aud coupon
The interest win be payable in the Uniteo States at
the Office of the Treasurer, any Assistant Treasurer
| or Designated Depositary OF the Government quar-
terly. on the first days OF February, May, August.
| and November in each year.
The bonds of the several classes aforesaid and the
| all taxes dues of the United States, as well as
from taxation in any form by or under State, NUM-
| cpal, or local authority.
After maturity the bonds last issued will be first
| redeemed, by classes and numbers may be de-
| signated by the Secretary of the Treasury.
The bonds win be issued at the United States Trea
sury, but the agents for the negoa ion OF the loan in
| Europe are authorized TO make arrangements with
| subscribers for the transmission of bonds to the
agents through whom subscriptions may be received
| Subscribers in the United States viii receive the
new bonds of the agents with whom the subscrip-
In the United States the national banks are autho
rZed to receive subscriptions, and subscriptions may
alto be made at the ofee OF the Treasurer OF the
United States, or OF any Assistant Treasurer or the
designated depositaries at Buffalo. n. Y; Chicago,
| H.: Cincinnati. Ohio; Louisville, KY Mobile, Ala,
The foliowfbg banking houses are also authorized
to act as agents in receiving subscriptions in the
oni'e" '''' NEW YORK CITY.
Austin, BALDWIN & Co., James G. Kings Sons,
Baker Kitchen, Kountz Brothers,
A: Belmont Co., Leonard, Sheldon & Fos-
Brown Brothers s o., Maitland, Phelps & Co..
Bulge. Schifr& Co, Marx Co.,
| Cecil, Stout & Thayer Morton, Bliss C Co.,
| John j. Cisco s. Son, P. NJ. Myers & Co.,
Clara e, Dodge Co., George Opdyke 81 Co.,
Henry Clews & Co., E. ID. Randolph & Co.,
Jay Cooke & Co., teid, Leo Content
| Thomas, Denney Co., Security Bank,
Drexel Winthrop * 90, J. & w. Segman & Co.,
Duncan, Sherman & Co. Soutter Co.,
Fisk & Hatch, Edward Sweet & Co.,
Frank & Cans Moses Taylor & Co.,
| Gibson, Casanova & Co., Trevor Colgate,
Glencinning, Davis turner Brothers,
Hatch AGpy Fcote, Van ans schaics dss GO%pa'' Co.,,
w. T. Hatch Son, Vermillye * Co.,
Edward Haight. L. Won Hoffman & Co.,
H A. Heisers Sons, Wells Fargo & Co,
Howes & Macy, IDabney, Morgan Co..
PHhADELPHIA
Barker Brothers & Co, Henry y- l. Fell & Bro,
c. q II. Borie, Cav, Bacon q Co.,
G. Camblos Co., GlendinDlng, Davis Co.
E w. Clarke & Co., w. H. Newbold, son S
Jay Cooke IL Co., Aertsen,
Drexel CO. Sailor Stevenson,
Elliott Collins & Co., ID. @. w. Smith & Co..
Emory, Benson Co: ;,r,e Townsend Wheen Co..
James T. Brady & Co., Masonic Deposit Saving
~ nO'-A'' " ''- s Mcclean & Co.
PENNSYLVANIA.
w. NJ Lloyd Co.
Bedford-Reed Sche.
Bellefonte-William +. Reynolds Co.
Chambersburg-Austn, Elder Fletcher
| Doylestown-J. Hart Co.
Ebensburg-Lloyd * Co.
Frankin-R. Lamberton
| GreeDsbuTg-Lloyd HUH q co.
Harrisburg-Dauphn Deposit Bank.
| Dougherty Brothers d Co.,
Mechanics Bank.
Lancaster-Evans, McEvoy q Co.,
Reed, McGrann Co.
Meadye-J. X. Dick h Co
OH City-on City Savings Bank.
Renoyo-R. b. Caldwell & Co.
= Scranton-George Sanderson Co.
SharOn-J. Bleakley, Son Co.
Somerset-Schell & Kimmell.
Observation-Disclosures and Mechanics Bank.
ToWanda-G. +. Mason & Co.
Pomeroy Brothers.
Tyrone-Lloyd, Caldwell & Co.
Washington-Samuel Hazlett.
? West Chester-Kirk, McVeagh * co.
J, WIkesbarre-A. H. Emley.
" r. v RockafelOw.
GEuRGE & BOUTWELL,,
Secretary OF the Treasury,
PROGRESS OF REDUCTION OF PUBLIC DEF
OF UNITED STATES.
Maximum Debt at close of Present o
m War Debt AdIainis standing
1859. l, 1871
Five-twenty
per CT stocks 5000 56s 500 1902 $50 1424 O9s
cent. stocks. sO2,aOl,Osa 2Ss.s7I4Oo 2Sae7s,l
per cent stock 17277O1OO l94, 561,9OO l94,567,s
cent. stock. 27,Og2,OOO 97,O22,OoO 100000
a Three-year7'SO
per cent
notes ...... sSOO00,0 900
Three-year six -o
NvalNEa