New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-05-16
Entered ........ Recorded ..
....s....ss. a-.-.....-......
Register of the TreaqI

Registered bonds will be issued Of the denomipa
nations of $50, $780, $780, 81 OOO 5000, and $1,000
and coupon bonds Of each denomination except the
last two. The interest will be payable in the lnited
States at the Office Of the Treasurer any Assistant
Treasurer OF designated depository Of the Govern
ment, quarterly on the First days of February NAV
August and November in each year. The interest
on the Registered stock Of this loan il is determined
by the Treasury Department, will be paid a. con
venienty TO the holder as on the Coupon stock and
personal attendance or attendance BY proxy AT the
Treasury, to draw and receipt for the Interest will
be dispensed WITH uheaerer the check Of he fCHiLd
States Treasurer, mailed punc'udily 10 the address and
order of each holder on or before erery quartrdgy j.
preferred 10 such attendance. This check, payable in
Gold Coin at the Treasury in New-YOrk l0r such
other Office the stock is registered att will he ne
gotiabe or cOllectable on the Endorsement of the
owner or owners Of the Stock In pursuance Of thi.
arrangement, the subscribers TO or purchasers Of
the stock in its registered form which is n complete
protection against theft or other Losses Incl
dent to Coupon Bonds payable to bearer are advised
to give their Posoice address in full and to notify
of any change in the address between quarter-days
The whole proceeds Of the new loan will be applied
to the payment or redemption and canselation Of
the $40 years six y cent bonds, and, in addition TO
these proceeds the 5-2os are now being reduced By
purchase at the rate of SlOOOO,OOO per month
The entire effect, therefore, of the New Loan. M
connection with the existing Sinking Fund process
of the Treasury is to reduce both Principal and In
terest OF the Public Debt Of the United States The
Loan creates additional supply Of Government Stocks,
while the application Of the surplus revenues derived
in Gold from Customs is constantly lessening as II
has been doing for two years past, the Funaed
Stocks bearing six u cent Gold Interest
The 1st of May schedule of the Public Debt which
has just been published by the Secretary Of the
Treasury, shows a reduction in these Stocks since
the April schedule of S122l57OO and further less
ening of the yearly interest charge thereon of S'S
92 This leaves the total yearly interest charge IN
Gold Sill 9s2 O24. In the same month the Treasury
paid and Cancelled 81, 10000 Of the Three y Cent
Currency debt, reducing the whole Of this debt bear
ing interest to S5lO23OO0 and the yearly Interest
charge thereon to 81 ,5S7470.
The proposed further reduction of the annual in
terest charge upon the Public Debt by reiundng "a
as follows:
By exchange Of .5OOOO0OOO United states six
per cents for new five per cents OF lstl. N~OUN
RI exchange of S3OOOlO 900 United states Xix
per cents for four aud half per cents OF POO iooVV
By exchange Of s7OO,O0,Ooo United states SiA ooooo
per cents for four per cents oi
Total saving per annum by refunding. ->-'''o""
The large and rapid accumulation in the last ie"
years of private capital retired from active nna
ness, and of the cash Savings and Life Insurance
premiums deposited with intrusted to the pro'i-
dent institutions of the country-all seeking the
most undoubted security, pledged to be kept free ct
all taxes under national local authority and con
tent provided this object be assured, with moderate
rates of interest-will no doubt ultimately absorb
so much of these new stocks as may not 10
taken in voluntary conversion Of United States j-s
OF marketed abroad. Z. Z. NoR.EIj-
In charge of United States Loan Advertising.
Treasury 06ice, New-York May 2, ISL
ppocprSs ar pEnr,rrON or THE NATIONAL DrUr.