The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-03-08
FINANCIAL.
NEW LOAN OF THE UNITED STATES.
IN IMPORTANT CIRCULAR.
TREASURY DEPARTMENT,

country and In Europe, for subscriptions to the Ma
entitled An act to auth orize the Refunding OF the
National Debt" and the act in amendment thereof,
approved January 20, 1871.
The proposed loan comprises three cl asses Of
Bonds, namely
First. Bonds to the amount OF five hundred mill
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 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
date Of their issue, and bearing interest payable
quarterly in coin, at the rate OF four and half per
Third. Bonds to the amount OF seven hundred
millions Of dollars payable in coin, at the pleasure
OF the United States after thirty years from the date
OF their issue, and bearing interest payable quar-
terly in coin, at the rate OF four per cent. per
SUBSCRIPTIONS to the loan will have preference in
the following order, namey:-
First. Subscriptions that may be FIRST made for Eve
per cent. bonds to the amount of two hundred mil
lions of dollars of which there will be res sryed for
twenty days. one half for Subscribers In this country
and one-half for subscribers in foreign countries
Second. Subscriptions for equal amounts OF each
Third. subscriptions for equal amounts of bonds.
bearing interest at the rate OF four and half per
cent, and OF bonds bearing interest at the rate OF
Fourth Subscriptions for any five per cent bonds
that may not be subscribed for in the preceding
classes.
be required to deposit two per cent Of the amount
thereof in coin or currency OF the United States or
counted for by the Government when the new bonds
are delivered; and payment may be made either in
V BONDS at their psT Ses yeIue KnO" "n as
The coin received IN payment will be applied TO the
redemption OF 800 bonds aud the debt OF the United
States will not be increased by this loan.
The bonds will be registered or issued with cou-
pons, ss may be desired by the subscribers Regis
tred bonds will be issued OF the denominations OF
$780, 910O, $500, S100G s5OO0 and $4,000 and coupon
bonds Of each denomination except the last two
The interest will be pay able In the United States at
the office of The 1rpaqurpr. urar
or Designated Dep0sitary OF the Government, quar-
tery. on the first days OF February, May, August,
and November in each year.
The bonds Of the several classes aforesaid and the
interest thereon, are exempt from the payment OF
all taxes or dues Of the United States as well as
from taxation in any form by or under State, muni-
cipal, or local authority.
redeemed, by classes and numbers as may be de-
signated by the Secretary OF the Treasury.
The bonds will be issued at the United States Trea-
sury but the agents for the negota OF the loan In
Europe are authorized to make arrangements with
subscribers for the transmission OF 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 made.
In the United States the national banks are autho-
rZed to receive subscriptions and subscriptions may
aso be made at the office OF the Treasurer Of the
United States, or OF any Assistant Treasurer the
designated depostaries at Buffalo, N. Y; Chicago,
H.. Cincinnati Ohio; Louisville, KY; Mobile, Ala,
The following banking houses are also authorized
to act as agents in receiving subscriptions in the
united States WV WV vopx c,rv
Austin, Baldwin Co., James G. Kings Sons,
Baker Kitchen, Kountz Brothers,
A; Belmont Co., Leonard, Sheldon q Fos-
Blake Brothers & Co., ter,
Brown Brothers s. Co., Maitland, Phelps & Co.,
Bulge. Schif& Co, Marx Co.,
Cecil, Stout & Thayer Morton, Bliss & Co.,
John j. Cisco s. Son, P. M. Myers & Co.,
Claire, Dodge Co., George opdyke & Co.,
Jay Cooke Co., held, Leo & Content
Thomas Denney Co., Security Bank,
Drexel, Winthrop & Oo., j. Il w. Selignlan a. Co.,
Duncan, SherIaan & Co. Soutter & Co.,
Fisk & Hatch, Edward Sweet & Co..
Frank Cans, Moses Taylor Co.,
Gibson, Casanova s. Co., Trevor 4 Colgate
Glencinning, Davis & Turner Brothers,
HatcR p Foote, YAM aOS Schaick haass 3&oC%pany C1
w. T. Hatch & Son, yermillye & Co..
Edward Haght L. Won Hoffman & Co.
H A. Heisers Sons, Wells, Fargo 6 Co, x ~
Winslow, Ianier & Co.
Barker Brothers & Co., Henry L. Fell Bro,
G II. Borie, Cav, Bacon & Co.,
G Camblos & Co., Glendnning, Davis & Co.,
E W. Clarke s Co., w. II. Newbold, Son s
Jay Cooke d Co., Aertsen,
Drexel Co. Sailor & Stevenson,
Elliott, Collins & Co., lD. 6. w. Smith Co
Emory, Benson Co, ,re Townsend Whelen s Co.
James T. Brady Co., Masonic Deposit Savings
N. Holmes hons, Bank,
PENNSYLVANIA.
Altoona-Kerr Co.,
w. M. Lloyd & Co.
Bedford-Reed Schell.
Bellefonte-William +. Reynolds d Co.
Chambersburg-Austin, Elder & Fletcher
Doylestown-J. Hart IL Co.
Ebensburg-Lloyd & Co.
Franklin-R Lamberton.
GreeDsburg-LOyd, HUFF Co.
Harrisburg-Dauphin Deposit Bank.
Dougherty Brothers Co.,
Mechanics Bank
Lancaster-Evans McEvoy IL Co.,
Reed, McGrann Co.
Meadvillle-J. r. Dick q Co.
Oil City-Oil City Savings Bank.
RenOvo-R. Is. Caldwell & Co.
Scranton-George Sanderson & Co.
Sharon-J. Beakley, Son Co.
Somerset-Schell s. Kimmell.
Titusville-Farmers' and Mechanics Bank.
ToWanda-G. X. Mason & Co.
Pomeroy Brothers.
Tyrone-LlOyd, Caldwell & Co.
Washington-Samuel HaZlett.
West Chester-Kirk, McVeagh Co.
Wnkesbarre-A. H. Emley.
f. V. ROckafellow.
GEORGE 3. BOUTWELL,,
Secretary OF the Treasury.
PROGRESS OF REDUCTION OF PUBLIC DEBT
OF UNITED STATES.
Maximum Debt at close of Present Out.
Var De5t Last Xdnlinfs, standing
July 81, 1865. tration, March Deb, March
Five-twenty 6
per ct stocks. $500 500 leO2 $50 800
Other six per
cent. stocks sO8,sOl,Oa9 2sao77,4OO 9ss.s7s, 100
Ten-fofty five
.percentstock 179.I7o,1OO ls4667, 300 1s4,5e7 300
Other five per
,r cent stock; 97,O22oOO 21O2s,OOO 9ooOO,0OO
Three-yearT'30
per cent
notes $50, ,OOO, 600
Ihree-year six
per t.notes. 9l9,191,47O
Total fnnded 1k0 7ea no o I0T ssA Os0 ooo aa, 7oo