The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1871-03-28
NEW LOAN of the UNITED STATES.
IMPORTANT CIRCULAR.

TREASURY DEPARTMENT,

TREASURY DEPARTMENT,
WASHINGTON, Feb, 20, 1871.
| Public notice Is hereby. given that books will be
opened on the 9th day of March next, in this coun-
| try and in Europe, for subscriptions to the Ma
tonal Loan. under the act approved July, 14th,
| 1870, entitled "An Act to Authorize the Refund
ing of the National Debt" and the act in amend
ment thereof, approved January 20, 1871.
The proposed loan comprises three classes OF
bonds, namely:
| 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 quar-.
terly in coin, at the rate of five per cent per an
mum.
| \.Second. Bonds to the amount of three hundred
millions of dollars payable in coin, lat 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 a hall
per cent per annum.
Third Bonds to the amount of seven hundred
millions of dollars, payable in coin Int 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
| FIRST. Subscriptions that may be first made Tor
five per cent bonds to the amount of two hundred
millions of dollars; of which there will be reserv-
ed for twenty days, one-half for subscribers in
in this country and onehafor subscribers in fore
ign countries.
Second. Subscriptions for equal amounts of each
class of bonds.
Third. Subscriptions for equal amounts ofbonds
bearing interest at tho rate of four and half per
cent and of bonds bearing interest at the rate OF
five per cent.
Fourth Subscriptions for any five per cent bonds
that may not be subscribed for in the preceding
classes.
When n subscription is made, the subscriber will
DO required to deposit two per cent of the amount
thereof in coin or currency of the United States,
in 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 in coin or in bonds of the United States
known as FivE-rwENrY BONDS, ut their par value.
The coin received in payment will be applied to
the redemption of five twenty bonds,an the debt
of the United States will not be increased by this
loan.
The bonds will be registered or issued with cou-
pons, as may be desired by subscribers Registered
bonds will be Issued of the denominations of $50,
500, $500, $1,000, $1,000, and $4,000: and
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 Deposisary of the Gov
eminent, quarterly, on the first days of February,
May, August, and November, in each year.
The bonds of the several classes aforesaid, and
the interest thereon,ar exempt from the payment
of all taxes or dues of the United States, ms well
as from taxation in any form by or under State
municipal, or local authority.
After maturity, the bonds last issued will be
first redeemed, by classes and numbers, rs may be
designated by the Secretary of the Treasury.
The bonds will be issued at the Uuited State:
Treasury, but the agents for the negotiation of the
loan in Europe are authorized to made arrange
ments with subscribers for the transmission of the
bonds to the agents through whom subscriptions
may be received.
Subscribers in the United States will receive tn,
new bonds of the agents with whom the subscrp
| tons are made.
In the United states the National Banks are
authorized to receive subscriptions, and subscrp
| tions may also be made at the Office of the Treas
of the Uuited States, or of any Assistant Ire
asurer, or the Designated Repositories at Buffalo
N. Y, Chicago, H.. Cincinnati, Ohio; Lousvill,
Ky; Mobile, Ala. and Pittsburg, Penn.
| PS-This Department and its own Loan Agent
are now ready to receive the United States Five
twenty Bonds and to pay the gold interest thereon
| to May LIST, from which date the new bonds will
bear interest. scrip certificate, calling for thu
bonds on the LIST of May, will be issued at once il
exchange for the old bonds.
! GEORGES. BOUTWELL,,
Secretary of Treasury
| LOAN AGENTS IN NEW ENGLAND.
| BOSTON, MASS.
Blake Brothers kidder, Peabody & Co
Brewster Sweet L Co Lee, lligginson Co.
| Beck Brothers. Page, Richardson 4 Co
Foote & French, Spencer, Villa 4 Co,
| Head Il Perkins Stone 4 Downer.
| Hubbard, Brothers Il Co. Walker Merriam.
Tower, Giddngs 4 Torrey.
p. NJ. Blake. Bangor Maine.
| ;. l.. Bart, New Bedford, Mass
George p. Bissell, Il Co., Hartford, Conn.
| Elton Banking Company, Waterbury, 4"
IL. II. Bunnel, New Haven, "
| Il. 8 Scranton 4 Co., New Haven, "
| l;wl