The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-03-07
EINANOIAL.
NRw LOAN OF THE UNITED STATES.
IN IMPORTANT CIRCULAR.
TREASURY DEPARTMENT,
WASHINGTON, February ~, Is

WASHINGTON February "a 1871.
Public notice ~ HEREBY given that books will be
opened on the sixth day OF March next, I'm this
country end In Europe, for subscriptions the
entitled IAN act to auth Orize the Ref1ndng OF the
National Debt" and the act In amendment thereof,
approved January 20, tSIl
The proposed loan comprises three classes of
fhti Bonds TO the amount Of i've hundred mil-
lons of dollars, payable in coin, at the pleasure OF
the United states, after years from the date of
their land bearing interest," payable quarterly In
coin, st the rate Of five per cent per annum.
Second. Bonds to the amount OF three hundred
millions OF dollars, payable I'm coin, at the pleasure
OF the United States, after nfteen years from the
date of their issue, and bearing interest, payable
quarterly IL coin, AT the rate Of four ana half per
cent per annum.
Third Bonds to the amount OF seven hundred
oi the United States after thirty years from the date
of their issue, and bearing interest payable quar-
terry IA coin, az the rate OF four per cent. per
SUBSCRIPTIONS TO the loan VIII have preference in
TIL following order, namey:-
First. SUBSCRIPTIONS thst may be nrst made for nve
per cent. bonds to the amount Of two hundred mill
Ions Of dollars; Of which there will he reserved for
twenty days half for subscribers In this country
aud one-haf 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, ana Of bonds bearing interest at the rate Of
Fourth. Subscriptions for any nve per cent bonds
that may not be subscribed for in the preceding
CLASSES.
be required tn deposit two per cent Of the amount
thereof IN coin currency Of the United States or
m boz ds OF the class to he exchanged TO be ao-
ted Tor by the Government when the new bonds
delivered; aud pay ment may be made either in
coin or IN bonds OF the United States known as
FIVE TWENTY BONDS, at their par value
The CON received IN payment will be applied TO the
redem pon OF $40 bonds, aud the debt OF the United
states viii not he increased by his loan.
The bonds viii be registered or issued with cou-
ICns, 81 NAV be desired by the subscribers Regis
ttft0 hoL DIS Will be issued Of the dcnOmin atoms OF
So, eUC $500, $1,000, $4,000, ana $4,000 and
bCHus of each denomination except the last two
The interest will be pa abe In the United States, ut
or Designated Bepositsry OF the Government, quar-
terly. the first days OF February May, August,
| ana November III eacb year.
The bonds OF the several classes aforesaid, and the
interest thereon are exempt from the payment OF
! all taxes oI dues Of the United States as well as
from taxation III any form 10y or under State, mun.
cipa, OF local authority.
After maturity the bonds last issued will be first
redtomCd by classes and numbers, a5 may be de-
| sRr at6d by the Secretary OF the Treasury.
The bonds will be issued at the United States Treas
but the agents for the negotiation of the loan In
Europe are authorized to make arrangements with
| subscribers for the transmission of bonds To the
Subscribers In the United states will receive the
| new bonds Cf the agents with whom the subscripA
| tions made.
In The United States the national banks are autho-
rl2ed to receive subscriptions, and subscriptions NAV
ato be made at the Oflice OF the Treasurer OF the
designated dep0sitsres at Buffalo N. Y; Chicago,
| H.: Cincinnati ohio; Louisville, KY; Mobile, Ala,
| ard Pittsburg, Pa
| The following banking houses also authorized
| III act as agents IN receiving subscriptions In the
| 'hi''" H'"'N1' x-nnIy rr,px,