New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-05-23

TINS Roxn ia issmed in accordance with the pro
visions of an act of Congress entitleo nebto APP
INV ~ is amended by Act sppp99ysd
Ian 90 1871 and is redeemable at the n 1881 in
United States after the LIST day Of MSiied States on
coin Of the ssn1aT9 interest in such coin from
the day Of the date hereof at tne on the ist
CENTU% per annum, payaaT August, and November in
each year The principal anu or Dnties of the
from the payment OF an 10 toxation i'm snv form
united S5ste Sta a. municipal local authority
Wy VI "ii"0' S WASHINGTON, .....-..., 49,.
Entered .... Recorded .'.'.'..
Register of the Treasury.
.-..,.d bonds will be issued of the denomina-
- $50. $780, $780, 8, 900, $1,000, and $4,000,
"a ooupon bonds of each denomination except the
two The interest will be payable 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
interest on the Registered stock of this loan. 1t
is determined by the Treasury Department, see
Circular below will be paid as conveniently to
the holder as on the Coupon stock, and personal
attendance, or attendance by proxy at the Treas
ury TO draw and receipt for the Interest will be
dispensed with, IrheneUer the check Of the United
States Treasurer mailed punctadly to the address and
order Of each holder or before every qadrter-day Is
.re7red TO such attendance. This check, payable in
Gold Coin at the Treasury in New-York Tor such
other Office the stock is registered att will be ne
gotiable or collectable on the Endorsement of the
owner or owners of the Stock In pursuance OF this
arrangement the subscribers to or purchasers OF,
the stock in its registered form (which is complete
protection against theft other losses Incl
dent to Coupon Bonds payable to bearer advised
to give their PostOce address in full and TO notify
- III Lotx~ nartnY n Tc
The whole proceeds of the new loan will be applied
to the payment or redemption and cancellation of
the $40 years six ~ cent bonds, and in addition to
these proceeds, the 5-2Os are being reduced by
purchase at the rate of 100000 per month.
The entire effect, therefore, of the New Loan, III
connection with the existing Sinking Fund process
of the Treasury is TO reduce both Principal and H.
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 essening as it
has been doing for two years past the Funded
Stocks bearing six - cent Gold Interest.
The LIST of May schedule Of the Public Debt, which
has lust been published by the Secretary of the
Treasury, shows reduction in these Stocks since
the April schedule of Sl22l5 100 and a further less
ening of the yearly interest charge thereon OF S132
$40 This leaves the total yearly interest charge In
Gold, Sll1 9S2, GA In the same month the treasury
paid and cancelled S2,47O0OO of the Three = Cent
Currency debt reducing the whole of this debt bear
ing interest to S5l 03OOO, and the yearly interest
charge thereon to Sl,531,41O.
The proposed further reduction OF the ANIMAL IN
1erest charge upon the Public Debt by refundDg is
By exchange Of s5OOcOOOOO United States six
per for five per cents OF 1881 S5OOOOO
BY exchange OF S3OOOOO,0OO United states six
per cents for four and half per cents of 1886 OOOO
BY exchange OF s7OO0OOO0 United States six
per cents for four per cents OF 1901 100000
Total saving per annum by refundng. .s23 $4,000
The large and rapid accumulation IN the last lew
ness and of the cash Savings and Life Insurance
premiums deposited with or intrusted TO the proyi-
dent institutions of the country-all seeking the
most updOubted security pledged to be Kept free OF
all taxes under national OF local authortY ana con-
tent, provided this object be assured WIN modeIate
rates of interest-wil no doubt ultimately ABSORB
SO much of these new stocks as may not be
taken in voluntary conversion OF Gn Nb states oS
0r ig In charge of United States Loan Advertising.
Treasury once New-YoIk, May2, 1871. 49,,
TREASURY DEPARTMENT, LOAN DIVISION, MAY TO- 1911
II has heen determined by the Department to pay
tb interest on the registered stock of the new Loans
facts July H. 1870 and Jan. 20 1871 by check TO me
order of the party in whose name the STOCK Is regis
tered and the check will be transmitted by mail to
the address of the holder, when furnished; other
wise, il will be sent to the care OF the Assstaht
Treasurer depository where the interest Is 10 DC
II is requested in order to enable the Department
TO transmit these checks by mall that all parties
Subscribing to the new Loan, or having transfers
made to them, will furnish their correct P0s-oWce
address. and Gdrise the Department Of any change al
least fifteen days before interest days. , d, |
During the fifteen DAYS Immediately preceding the
interest DAYS Feb l. May J. Aug. l, and Nov. ], the
transferbooks will be closed for the purpose OF pre-
pairing the checks If the stock is not presented for
transfer previous to the closing, the interest VIII be
declared to the person to whom the transferred GER
tifcate issued and the assignee must look 10
that party for the accrued interest to which he may
be entitled.
The new certificate issued upon transfer of stock
will bear interest from the first day OF the quarter
gear in which such transfer is made, and Will lnya-
riaby be returned TO the party who forwarded the
assigned certificates by mail, unless otherwise d.
rected , o.,
Checks issued in payment of interest will bear the
following Endorsement: This check is payable on
presentation, properly ndorsed at the office OF the
Treasurer Washington the Assistant Treasurer at
Boston, NewYOrk Philadelphia, Baltimore Charles
ton w0rleans ST. Louis, or San Francisco, OF the
designated Depository at Buffalo Chicago, Cmcln-
natl Louisville, Mobile, or Pittsburgh"
Should any checks be returned to the Department
as "rncaed for they will be held by the Treasurer
of the United States, subject 70 the order OF the