The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-20
MISCELLANEOUS.
TREAT NATIONAL LOANa
NEW FIVE PER CENT BONDS.


NEW FIVE PER CENT BONDS.
The Treasury able to promise that the
registered certificates of stock good part coupon
bonds the States bearing FIVE per
interest," payable quarterly gold. will ready for
delivery early the present month The subscripons.o
the Sss,ooooOo. expected that
subscriptions progress more rapidly when
the certificates and bonds ready market
abroad as well as at home. The whole sum
of per offered the public generally,
the holders of United avswenty bonis with
qualification 5000 0OOOO1. When amount
preference thus given taken up, the remainder Of the
five per cents, SS00ooo0o embraced in the loan Of
July H. 1870 for rcfundng the public debt win be offered in
connection $500 oCO four and onear per cents and
of 800 per cents the one running
fifteen years and the other thirty years.
The following cppy of the new i've per cent bond un
and pursuant to the new loan &C. of consess.-
FORM OF FIVE PER CENT. BOND.
INTEREST FUNDED LOAN OF 1881 FIVE PER GENT
UNITED STATES OF AMERICA
This bond Issued win The
&C. 's as
iss ~ s.si ns siy
the hereof at the rate Of five eeaam per
payable sn1s,sery the day Of
payment or he
State municipal or local aahoISy 900 " : s
Register the Treasury.
Registered bonds win be issued Of the denominations or
$780, $780, $780, SlooO $4,000 and coupon bonos
except two The n.eres, viii,
be payable IN the United at the Office OF the Treasurer
any designated depository Of the gov
ernment quarterly the days February May Augus
November In each year.
The interest the registered this loan il is do.
termned by the Treasury Department will be paid AZ
conveniently the holder on the coupon STOCK,
and personal attendance or attendance by proxy
tho Treasury. draw and receipt for thu
interest win be dispensed WITH whenever check Of the
United States Treasurer, mailed punctuay the address
order of each every quarter day. 10
preferred to such attendance This check, payable gold
the Treasury New Tor such other ONCE a.
registered att negotiable or coec,abe on
the of the the stock In
of this arrangement subscribers pur.
of the registered (Which is com.
plete protection losses incdeu, to
bonds payable bearer advised TO their
post Office address FULL notify any change in the
address between quarter days.
The whole OF loan will be applied 10 the
payment redemption and cancellation of years
per cent bonds and. addition proceeds tho
52o's being reduced by pur chase rate OF
$4,000 goo per month.
The entire effect therefore, of oan connection
with the existing sinking process of the Treasury
to principal of the public debt Of
the United States The loan additional sspply OF
government stocks application of the surpu,
gold customs is constantly lessen
Ing has been doing for years past, the funded
bearing six per gold interest
The LIST of May schedule public debt which has JUST
published by Secretary Treasury shows "a.
duction in these pr;schedule of sl2s7oo
further essennsof the yearly charge thereon
Of S739i2 This yearly interest charge tn
gold s sss o4 In the Treasury paid and
cancelled S247Oo of the three per currency debt
reducing the whole this debt bearing interest To-
$5 e2ooO, the yearly interest charge thereon to-
$l,5sf,47o
The proposed further reduction Of the annual interest
charge upon the public deb. by refunding folows:
Bye1change of s5co,oOO, 900 United States six per
cents for PER OF ls6l.... ..... s6Oo0oec
By exchange of ssOooOo.OOo United STATES six per
cents four half per of 1856 .. 100000
By exchange of s7ooooo,Ooo United States six per
cents four per of 1901 ............ HooGoco
Total saving by refuuaing 100000
and rapid accumulation in the last year
private capital retired active business ana Of tho
Savings and Life Insurance premiums deposited with
to the provden institutions couutry-all
seeking undobted security pledged to be kept FREQ
of all taIes national local authority, and coutent
provided object assured moderate rates Of in.
terest-wi doubt ultimately absorb much Of these
new may be voluntary conversion Of
United States 5-2os, marketed abroad.
The Official Treasury affords the following
lassacaon lin gold, the United states.
as outstanding the list of May
ruNDRD STOCKS I'm GOIp) OF THE uNfrEN