The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-04-05

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 National
Loan, under the act approved July a. 1870 entitled
"An Act to Authorize the Refunding of the Ma
tlonal Debt" and te act amendment thereof, ap-
proved January 90, 1911.
The proposed loan comprises three classes Of
bonds, namely
First. Bonds to the amount OF five hundred mil
lions OF dollars payable in CON- at the pleasure Of
Ihe United States after ten years from the date of
their lssue and bearing interest," payable quarterly
in coin, at the rate of five per cent. per annum.
Second. Bonds to the amount Of three hundred
millions Of dollars, payable in coin, at 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 half per
cent per annum.
Third. Bonds to the amount OF seven hundred
millions of dollars payable in coin, a. 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 pr
annum.
Subscription to the loan will have preference in
the following order, namely
First Subscriptions that may be first made for
five per cent. bonds to the amount Of two hundred
millions of dollars; of which there will be reserved
for twenty days, one-h half for subrcribers in this
country and one-half for subscribers in foreign
countries.
Second. Subscriptions for equal amounts OF each
class of bonds
Third. Subscriptions for equal amounts of bonds
bearing interest at the rate of four and half per
Of bonds bearing interest at the rate of five
per cent.
Fourth. Subscriptions for any five per cent. bonds
shat may not be subscribed Tor in the preceding
asses.
When a subscription is made, the subscriber will
be required to deposit two per cent Of the amount
thereof in coin currency of the United States or
in bonds OF the class to be exchanged, to be ac-
counted for by the Government when the new bon6s
are delivered; and payment may be made either in
con or in bonds of the United States known as FIVE
TWENTY BONDS, at their par value
The coin received in payment will be applied to
the redemption of fve-twenty bonds, and the debt
of the United States will not be increased by this
loan.
The bonds will be registered issued with &C Il.
pons as may be desired by subscribers Registered
bonds will be issued Of the denominations OF $50.
$780, $500, $1,000, s5OOO and s1O,OOe and coupe n
bonds OF each denomination except the last two,
The interest will be payable in the United States,
the ofce OF the Treasurer any Assistant Treasurer
or des ignated depostary of the Government, quar-
terly, on the first days OF February, May, August,
and November in each year.
The bonds of the several classes aforesaid and
the interest thereon, exempt from the payne Mt
of all taxes dues OF the United States as well
from taxation in any form by or under State mum
cipal, or local authority.
After maturity, the bonds last issued will be first
redeemed, by classes and numbers, as may he de-
signated by the Secretary Of the Treasury.
The bonds will be issued at the United States
Treasury, but the agents for the negotiation OF the
loan in Europe authorized to make arrangements
with subscribers for the transmission OF the bonds
to the agents through whom subscriptions may be
received.
Subscribers in the United States will receive the
new bonds OF the agents with whom the subscrip-
tions are made.
| In the United States the National Banks are au.
thorized to receive subscriptions, and subscription
may also be made at the ofice OF the Treasurer of
the United States or OF any Assistant Treasurer or
the Designated Depositaries at Buffalo, N Y; Chi
cago, Ill. Cincinnati Ohio; Louisville, KY. Mobile,
! Ala. and Pittsburg, Pa.
p. s.-This Department and its own Loan Agents
! are now ready to receive the United States Five
twenty Bonds and to pay the gold interest thereon
| 10 May !, from which date the new bonds will bear
interest A scrip certificate calling for the bonds
on the 1st OF May will be issued at In exchange
| for the old bonds
GEORGE S. BOUTWELL,,
| 43 Secretary Of the Treasury,