Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-04-22

NEW LOAN OF THE UNITED SrArEs.-The subscrip
tons to the New Five Per Cent. Stock of the United
States amount about $50 0OO They are conf
IDENTIFY expected to reach $500 600 by the time the
the Secretary OF the Treasury will then be Changed TO
the following programmes
frst-BOnds to the amount of three hundred millions
ofdoars payable in coin, the pleasure of the United
States after from the date of their ISSUE and
bearing interest," payable quarterly in COIN at the rate
SecoRd-Bonds 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 coin
Third-Bonds to the amount o. seven hundred mill
lions of dollars payable in COIN at the pleasure 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
FTSt-Subscrpons for equal amounts of each class of
bonds.
bearing interest at the rate of our and half per cent
and of bonds bearng1neres the rate of five per cent
Thd-SubscriptiOns for any five per cent. bonds that
may not be subscribed for in the preceding classes.
subscriptions to the remainder OF the S2U0 900 of
five per cents which are unconditional, are going
on the bonds will be issued to the subscribers
who receive scrip certificate in advance, ii they
al in The registered coupon form Registered
bonds Will be issued OF the denominations of $50 500
nominal on except the last two The interest Will be
payable in the United States at the office of the Treas
urer any Assistant Treasurer designated depository
the Goyernment quarterly, on the first days of Feb
M bonds Of be several efh ye Id tho
terest thereon, exempt from the payment of all
taxes or dues of the United States well from
ton in any form by under State municipal or local
authority.
After maturity the bonds last issued will be first re-
deemed by classes and numbers, 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 rele', at the same time to
the annual burden Of interest, are as follows
Principal of debt, 1865. 755 9952T5
Paid un er johnson. .,.................. 2b55a5,3l
Principal March 4 81 49l, 500 sO4
Present public debit 26s 3ls2
interest charge, ...........,...., l593205l
lunlthB 25,44259l
Interest charge, 1865. .Sl26 9s9 $50
Reduced in two years by payment. l2,O5299S
Present interest charge siI4, s65S3
The proposed further reduction OF the annual interest
charge upon the public debt by rounding is follows
per cents Tor new five per cents of 1881. 49,, S500000
By exchange of $500 900 United States six
per cents for four half per cents of 1885 s5O00
By exchange of 500, 100000 Unite States six
per cents for four per cents of ls0l..... 100000
Total saving per annum by refunding go. S2s, 100000
The whole proceeds of the new loans will applied
to the payment redemption and cancellation Of the
proceeds the $40 being reduced by purchase at
the rate of slO,0OOOOO per month c. c. NORyELL
In charge of advertising United States loans
TREASURY OFFICE, NEW YORK. April l5
LOAN AGENTS IN NEW ENGLAND-RosToE, MASS
Blake Brothers. Kidder, Peabody d Co.
Brewster Sweet Co. Lee Higginson Il Co.
Beck BROTHERS. Page, richardson Co.
Foote d French. Spencer villa q Co
Head d Perkins. Stone d Downer.
Hubbard, Brothers Co. Walker d Merriam.
Tower, Giddings & rorrey.
S. P. Burt, New BEDFORD, Mass.
George p. Bissell d Co, Hartford. Conn.
Elton Banking Company, Waterbury, .
y. H. Bunnel, New Haven,
T. S. Scranton d Co., New Haven, 4"
apis deop9t