Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1871-03-24
New Loan of the United States.
IMPORTANT CIRCULAR - SUBSCRIPTIONS
NOW OPEN
READY.
TREASURY DEPARTMENT,
WASHINGTON, Feb. 2S, 1871,

Il w aDhiNbAoksJ a wa ~ APt 4, J
Public notice is hereby given that
books will be opened on the 9th day OF
March next, in this country and in Eu-
rope, for subscriptions to the National
Loan, under the ACT approved July IA,
1870, entitled An Act to Authorize the
Refunding of the National Debt" and
| the act in amendment thereof, approved
January 20, 1871.
The proposed loan comprises three
classes of bonds, namely:
| First Bonds to the amount of FIVE
hundred millions Of dollars, payable in
coin, at the pleas ire of the United States,
after ten years from the date of their is
sue, and bearing interest payable quarter
ly 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 quar-,
ferly in coin, at the rate of four and n
half per cent per annum.
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 annum.
Subscriptions TO the loan will have
preference in the following order name
ly:
First. Subscriptions that may be first
made for five per cent bonds TO the
amount Of two hundred millions of dol
lars of which there will be reserved, for
twenty days, one-half for subscribers in
this country ard one-half for subscribers
in foreign countries.
Second Subscriptions for equal amounts
of each class of bonds.
Third. Subscriptions forequal amounts
of bonds bearing interest at the rate OF
four and half per cent, aud of bonds
bearing interest at the rate of FIVE per
cent,
Fourth. Subscriptions for any five per
cent bonds that may not be subscribed
for in the preceding classes.
When a subscription is made, the sub
scriber will be required TO deposit two
per cent of the amount thereof in coin
or currency of the United States, or in
bonds of the class to be exchanged, to
be accounted for by the Government
when the new bonds are delivered; and
payment may be made either in coin 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 five TWEEN
ty bonds, aud the debt of the United
State will not be increased by this loan
the bonds will be registered or Issued
with coupons, as may be desired by sub
scrbers Registered bonds will be issued
of the denominations of $50, 500, $500
81 900, $4,000 and $4,000; and cou-
pom bonds of each denomination except
the last two. The interest will be pay
able in the United States, at the office OF
the Treasurer, any Assistant Treasurer,
or Designated Depository of the Govern
ment, quarterly, on the first days of
February, May, August and November
in each year.
The bonds of the several classes afore,
said, and the interest thereon, are ex-
empt from the payment of all trxes or
dues Of the United States, as well as from
taxation in any form by or under State,
municipal, or local authority.
After maturity, the bonds last issued
will be first redeemed, by classes and
numbers, as may be designated 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 are
authorized TO make arrangements with
subscribers for the transmission of the
bonds to the agents through whom sub
scriptions may be received.
Subscribers in the United States will
receive the new bonds Of the agents with
whom the subscriptions are made.
In the United States the National
Banks are authorized to receive subscrip-
tions, and subscriptions may also be
made at the office of the Treasurer of the
United States, or of any Assistant Treas
urer, or the Designated Depositaries at
Buffalo, N. Y, Chicago, III. Cincinna-
ii, Ohio Louisville, Ky. ; Mobile, Ala. !;
and Pittsburg, Penn.
p. S.-This Department and its own
Loan Agents are now ready to receive
the United States Five-twen;y Bonds and
to pay the gold interest thereon to May
1, from which date the new bonds will
bear interest. A scrip certificate, call
ing for the bonds on the LIST May, will
be issued at once in exchange for the old
bonds. GEORGE S. boutwell,,
Secretary of Treasury.
LOAN AGENTS IN NEW ENGLAND.