New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-04-24

millions " dollars, PAYABLE In coin NJ the nloo.u
o. the Omied 6taCes after fifteen wears from tb
care "f their is7iie and bearing interest nayahlo
qut.,'ll] l' CON- at inc rate OF tour and half DER
:. Third: Binds to the amount Of seven hupdred M,
non u Goil2BIyable IN coin, az tie pleasure Of tbe
their issue md bearing iitdr.et navail u,te 81
m CON- ~ Tie rate Of four per cent Der annn,n wy
Subscriptions to the loan viii have preferenc.
after the aforementioned two hundred r,iIi;Isp'o
taken up, In iIe following order namely: "'e
IUsl; subscriptions for equal amounts Of each
class Il bonds. '"'h
Second: Subscriptions for equal amounts Of bond.
bearing interest at the rate OF four and I. I'M, n
cent, and ct bonds bearing interest at the rate -
1--WE per cent. '"'o" VI
1Lid: Subscriptions for any FIVE nor co,,, -
that may not be subscribed for in the preced,n,
classes ''''"s
Subscriptions TO the remainder Of the Sooooooo,,
OF i've per cents, which arc unconditional ave 80,
going on and the bonds Will soon be issned ~ Nv
subscribers, who receive sciip Certificate in sd
vance, il they desire 10 pay their gold or exchan
United states Dos ~ once, IN the REGISTERED az
coupon form REGISTERED bonds viii be issued Of tire
denominations OF SO s1Gt. $500 1900, $500 aad
$1,000, and coupon bonds Of zach denomination ex
espt the last ,wo. The interest viii be payable In
me nltea states at the Office Of the Treasurer any
Assistant Treasurer or designated depositaTy of ~
government. quarterly, onthefrss days Of February
MAY, August, and November, in each wear
INC Dohhs OF the several classes aG rsaid. and in
tteSy ,h,Ieoh are exempt from the pas ent Of all
- .hii' biiIStN Ntasf-. well - lfnm
Or local authority
After maturity, the bonds last issued will 10 ert
redeemed, by Glasses and numbers as may be desg.
mated by the Secretary OF the Treasury
Inc reduction OF the public debt since the cose af
the war 0i The Rebellion, and the relief al the same
time, to the annual burden OK interest. are "a
follows: NV 'S
Principal OF debt, 1865. .sq-s5o,,7,
Paid under johnson. ................ 25gslII
Principal, March I, 1s69.......... s24gl eoogp
faiu uhder OIaht...---................ 2.3.0siC73
Present public debt t22csg,eq3t
Interest charge, 1906. .............. l5i.sa0y
REDUCED IN -FOUR years by paymentand
ACKNOWLEDGEMENTS. 2j,4i25M
Interest charge, 19c9.................. N2s2s9Ho
Reduced IN TWO years By payment. i2,052.sH
Present interest charge ............. SltL89fp9
The proposed further reduction Of the annual
intereat charge upon the public debt b. refundng il
as follows:
BY exchange OF sj0O0O0,O00 United States six
per cents Tor new i've per cents OF ... S5gOOg
BY exchange Of SOOcO0000 United States six
per cents for four and haf per Of 1856 10000
By exchange OF S1O0000OOO United states SIX
per cents for four per cents Of 100000
Total saving per annum by refunding go. S235 10000
The whole proceeds of the new loans will be ap-
piled to the payment or redemption aud cancellation
of the $40 years Six per cent bonds, and in addition
to these proceeds the 5-20s are now being reduced
by purchase at the rate of SlO,0OO00o per month.
{. G. NORvEII,
In charge OF Advertising United states Loans.
Treasury Office, Aec- York April 10.