The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-04-01
FINANCIAL.
TREASURY DEPARTMENT,

nUBLIC NOTICE Is hereby given, that books will
l. be opsnei on the sixth day Of March next, In
this country and in Europe Tor SUBSCRIPTIONS 70 ne
1870 entitled "An Act to authorize the Refunding
of the National Debt" and the Act in amendment
thereof, approved January 20, ISL,
The proposed loan comprises three classes OF
Frrsr-Bonds to the amount Of FIVE hundred mil.
lions Of dollars payabls 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.
sEooSD-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 quarter
ly in con at the rate of four and hall per cent per
annum.
TuIRp--Bonds to the amount Of seven hundred mil
lions 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 quarterly
In coin, at the rate of four per cent per annum.
Subscriptions to the loan will have preference In
the following order, namely:
FIRST. subscriptions that may be nrst made LOT
five per cent. bonds to the amount OF TWO hundred
millions OF dollars of which there will be reserved
for twenty days, one half for subscribers in this
country and oue-half for subscribers In foreign
countries.
SECOND Subscriptions for equal amounts of each
class of bonds.
TH1Rp.-Subscriptions for equal amounts Of bonds
bearing interest at the rats of four and o half per
cent. and of bonds bearing interest at the rate of
FouRrH-subscription for any fre per cent.
bonds that may not be subscribed Tor in the pre-
ceding classes
When subscription is made, the subscriber 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 &C.
counted for by tho Government when the bonds are
delivered and payment may be made either in coin
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 fve,twenty bonds, and the debt
of the United States will not be increased by this
loan.
The bonds will be registered or issued with cou-
pons as may be desired by subscribers. Registered
bonds will DO issued OF the denominations. of $50,
800, $500, 81 900, 5000 and $le and coupon
bends of each denomination except the last two
The interest will be payable in the United States. at
the Office of the treasurer, any assistant treasurer,
or designated depostary of the government quarter
ly, 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 dues of the United States as well as from
taxation in any form by under State, municipal or
local authority.
After maturity, the bonds last issued will be first
redeemed, by classes and numbers. as may be desig
mated 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 authorized to make arrangements
with subscribers for the Transmission OF the 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-
In the United States, the National Banks are
thorized to receive subscriptions and subscriptions
may also be made at the Office of the Treasurer OF
the United States of any Assistant Treasurer, or
the Designated Depositsries at Buffalo, N. Y, Chica
60, ILL.,, Cincinnati, Ohio, Louisville, KY, Mobile
Ala. and Pittsburg, Pa.
The following banking houses also authorized
t, act as agents in receiving subscriptions, in
NEW YORK CITY: