The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-03-31
FINANCIAL.
TREASURY DEPARTMENT,

"
DUBLIC NOTICE Is hereby given, that books viii
Il be opened on tho sixth day Of March next, il
this country and in Europe for subscriptions to The
National Loan, under the Act approved July IL
1870 entitled IAN Act to authorize the Refuadine
| OF tho National DEBIT and the Act in amendment
thereof, approved january 20, 1871.
The proposed loan comprises three classes Of
Bonds, namely.
Frnsr-Bonds to the amount Of FIVE hundred mil.
lions OF dollars payable In coin, at tho pleasure
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.
sEooND-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 quarter
ly in con at tho rate Of four and hale per cent per
| annum. III
THIRp-Bonds to the amount of seven hundred mil
lions OF dollars payable in cen at the pleasure of
the United States after thirty years from the date of
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 first 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
country and one-half for subscribers in foreign
countries III az r.tf.s, =
SsooND.-subscription for equal amounts of each
class of bonds tr4r|.If
THIRD.--subscriptons 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
Ave per cent. CESS s8t
FouRrH.-subscrptlon for any f'e per cent.
bonds that may not be subscribed for in the pre-
ceding classes. -lltl
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 nc.
counted for by the Government when the bonds are.
5deliyered 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 five-twenty bonds and the debt
of the United States will not be increased by this
loan, ftia.t as
The bonds will be registered or issued with cou-
pons, may be desired by subscribers. Registered
bonds will be issued OF the denominations of $50,
500, $500, 81 900, 5000 and $le000 and coupon
bends 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
designated depositary of the government quarter
ly, on the first days of February, May, August and
November in each year. r
The bonds of the several classes aforesaid and tho
interest thereon, are exempt from the payment of
all taxes dues of the United States well from
taxation in any form by or under state, municipal
local authority. et- le rrt sir
After maturity, the bonds last Issued will be first
redeemed, by classes and numbers, may be desig.
mated by the secretary of the treasury. ~
=. The bonds will be issued at tho United States
treasury but the agents for the negotiation of the
lesn in Europe authorized to make arrangements
with subscribers for the transmission of the bonds
to the agents through whom subscriptions may be
received. 7ill
Subscribers in the United States will receive the
new bonds of the agents with whom the subscrip-
tions are made.
In the United States, the National Banks are au-
thorzed to receive subscriptions and subscriptions
may also be made at the Office of the Treasurer Of
the United States, of any Assistant Treasurer or
the Designated Depositaries at Buffalo, N. " Chica
go, ILL.,, Cincinnati, Ohio, Louisville, Ky, Mobile,
Ala, and Pittsburg, Pa. @