Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-04-20

them before purchasing elsewhere. dit ago
NEW LOAN OF THE UNITED sTArEs.-The subscrip-
tons to the New Five Per Cent Stock Of the United
IDENTIFY expected reach 600 the time the new
bonds ready for delivery in May The proposals of
the Secretary OF the Treasury will then be changed TO
F.rsf-Bonds the amount of three hundred millions
States after years from the date of their issue and
bearing interest," payable quarterly in COIN the rate
Second-Bouds to the amount of three hundred mil
lions 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
the Tats Of four ana Al naf per cent per annnm
lions Of dollars payable in coin at the pleasure Of the
issue and bearing interest payable quarterly in coin at
the rate of four per cent. per annum
subscriptions to the loan will have preference, after
the aforementioned two hundred millions taken up
in the following order, namely
F-Subscrptions for equal amounts of each class of
bonds.
Second Subscriptions for equal amounts of bonds
and of bonds bearing interest the of per cent
Third Subscriptions for any five per cent. bonds that
may not be subscribed for in the preceding classes.
subscriptions to the remainder Of the 1000 of
ye per cents which are unconditional are now going
who can receive scrip certificate, in advance, il they
al in the registered coupon FORM Registered
bonds viii be issued Of the denominations of $50, $780,
$500 $780, S5OO, SOOOO and coupon bonds of each de
nominal on except the last two. The interest will be
payable in the United States at the office of the Treas
ruary, MAY, August and November, in each year.
The bonds of the several classes aforesaid and the in
terest thereon are exempt from the payment of all
taxes dues of the United States well from taxa
ton in any form by Or under State, municipal local
authority.
After maturity the bonds last issued will be first re-
deemed, by classes and numbers as may be designated
by the Secretary Of the Treasury.
The reduction of the public debt since the close of the
war OF the rebellion and the relief at the same time
the annual burden Of interest. are as follows:
Principal of debt, ss5275
RAD uneer Johnson '.'.'.'...'......, 2G5595,37l
Principal March 4, 1859. 4sl ssS 9O4
faid under 223 083,673
Present public debt 6,28l
interest charge, lS65................. l5l,S3205l
Reduced in four years by payment and
funding 25,442,59l
Interest charge, 1859 s26 s8s $50
heuuceu III TWO years by payment l2,O52,9&
Present interest charge. sll4336 $50
The proposed further reduction Of the annual Interest
By exchange of $500 900 900 United states SIX
per cents for r. new O Te gSr cents Of 1881 sO
per cents for four and half per cents OF 1885 40000
By exchange of 500, 100000 Unitel States six
per cents for four per cents of 1901. 1900 900
Total saving per annum by refunding m s23 500 Ono
The whole proceeds of the new loans will Dc applied
to the payment redemption and cancellation 81 the
s years SIX Psr cent bonds and in addition to these
the rate of $lO.oOO,OOO per month. c. G. NoRVELL
In charge of advertising United States loans.
TREASURY OFFICE, NEW YORK, April Is
LOAN AGENTS IN NEW RYGLANp-Bosros MASS.
Blake Brothers Kidder, Peabody d Co.
brewster, sweet d Co. Lee, Higglnson IL Co.
P P Sr9thers Page, Richardson & Co.
Head Perkins, Stone a Downer
Tower Giddings & rorrey.
p N. Blake Bangor, Maine
s. Z. Burt New Bedford, Mass
George Blssell Co. Hartford. Conn
Elton 81 Banking Bnn6n1i Company Com Waterbury
i. s. Scranton q Co., New Haven.
--Sr-s