The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-04-05
FINANCIAL.
TREASURY DEPARTMENT,

. puBLIc NOTICE Is hereby given, that books wi
this country and in Europe for subscriptions to IL
National Loan, under the Act approved July i
1870, entitled IAN Act to authorize the Refundin
Of the National Debt" and the Act in amendmer
thereof, approved January 20, 1871.
, The proposed loan comprises three classes
Bonds, namely:
FrRsr--Bonds to the amount of five hundred mi
lions OF dollars payable in coin, at the pleasure Q
the United States, after ten years from the date
their issue, and bearing interest, payable quarter
In coir, at the rate of FIVE per cent per annum.
sEooSD--Bonds to the amount of three hundre'
millions OF dollars, payable in coin, at the pleasure
of the United States, after fifteen years from the dat
Of their ISSUE and bearing interest," payable quarter
y In coin, at the rate of four and hale cent pei
annum.
THRD-Bonds to the amount of seven hundred mil
lions of dollars payable in coin, at the pleasure
the United States after thirty years from the date
their issue, and bearing interest," payable quarterly
in coin, at the rate of four per cent. per annum.
Subscriptions to the loan will have preference In
the following order, namely
| FRsT--Subscriptions that may be fret made for
five per cent. bonds to the amount of two hundred
millions Of dollars of which there will be reserved
for twenty days, one half for subscribers in this
| countries.
sEcoND:-subscription for equal amounts of each
| class of bonds.
| THIRD--Subscriptions for equal amounts of bonds
bearing interest at the rate Of four aud half per
cent, and of bonds bearing interest at the rate of
i've per cent.
hIh-ouoscrlptions ior any NE per cent.
bonds that may not be subscribed for in the pre-
ceding classes.
When subscription is made, the subscriber will
be required to deposit two per cent of the amount
thereof In coin currency of the United States
in bonds OF the class to be exchanged, to be
counted for by tho Government when the bonds are
delivered and payment may be made either in coin
or In bonds Of the United States known FIVE
TWENTY BONDS at their par value.
The coin received in payment will be applied to
the redemption of ye.twenty bonds, and the debt
OF the United States will not be increased by this
loan. l1-
Tho bonds will be registered or issued with cou-
pons. may be desired by subscribers Registered
bonds viii be issued OF the denominations of $780,
300, $500, 81 ,000 GOO and $4,000; and coupon
bends of each determination except the last two
The interest will DO payable in tho United States at
the office of the treasurer, any assistant treasurer
or designated depositary of the government quarter
~, on the first days of February, May, August and
November, in each year.
The bonds of the several classes aforesaid and the
interest thereon, are exempt from the payment of |
all taxes or dues of the United States well as from
taxation in any form by or under State mnnicnal or
local authority.
Alter maturity, the bonds last issued will be first
redeemed by classes and numbers as ma no da,;s,
mated by the secretary of tho treasury. - 1'''s
The bonds will be issued at the United States
but the agents for the ne gotiaton of The
loan in Europe are authorized to make arrangements
with subscribers for the transmission of the bonds
to the agents through whom subscrintions NAV he
received '
SuDscfIDer5 In the United States will receive the
new pohos Oh the agents with whom the subscrip-
li9ns are made.
horzed to receive subscriptions. and
nay also be made at the office of the Treasurer of