The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-05-13

Register OF the Treasury.


Register of the Treasury.
Registered Bonds will be issued OF the denomina-
tions OF $780, $780, $780, 0O0 900, and slO,O 900,
and coupon bonds 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, designated depository of the 6overL-
ment. quarterly on the first days OF February, May,
August, and November in each year.
The Interest on the Registered Stock of this Loan,
it is determined by the Treasury Department, will
be paid as conveniently to the holder the COu-
pom Stock, and personal attendance, or attendance
by proxy at the Treasury, to draw and receipt for
the Interest will be dispensed with, ,ohenever the
check Of the United States Treasurer, mailed punct
ually to the address and order of each holder,
before every Quarterday, is preferred to such atten-
dance. This check payable in Gold Coin at the
Treasury in New York, Tor such other Office as the
Stock registered att will be negotiable or collect
able the Endorsement OF the owner ownersof the
Stock. In pursuance of this arrangement, the sub
soribers to- purchasers Of the Stock in its regis
tered form, (which is complete protection against
thief other losses incident to Coupon Bonds pay
able to bsarer) areadvised to give their Post-ofce
address in full, and to notify of any change in the
address between quarter days.
The whole proceeds of the new loan will be ap-
pied to the payment or redemption and cancellation
OF the 500 years six Der cent bonds, and in add-
ton these proceeds, the 5-2Os now being
duced by purchase at the rate of $4,000 900 per
month. 'A
The entire effect therefore, of the ew Lean, in
connection with the existing Sinking Fund process
of the treasury is to reduce both Principal and In
eres oil the Public Debt of the United States. The
Loan creates no additional supply Of Government
SfocLs while q nj tine urnlua
derived in Gold from Customs is constantly lessen
ing, it has been doing for tive years past the Fund
ed Stocks bearing six per cent Gold Interest,"
The lst OF May schedule of the Public Debt, which
has just been published by the Secretary OF the
Treasury, shows reduction in these Stocks since
the pril schedule of $2,2l5 200, and further less
ening OF the yearly interest charge thereon of $751;
942 This leaves the total yearly interest charge in
Gold Sill ,03i, In the same month the Treasury
paid and cancelled 600 of the Three per Cent.
Currency Debt. reducing the whole of this debt
bearing interest to $5l O2aO0o and the yearly inter-
est charge thereon to 81 ,537, 47O.
The proposed fu, Their reduction OF the ANIMAL in
terest charge upon the Public Debt by refunding is
BY exchange of $500, 100000 U. S. @ per
cents for new per cents of 1881 .....$ 5000 600
BY exchange of 500, 000, 900 u. S. Der
cents for ~ per ceuts OF 1886 ........ $500 900
BY exchange of S700,0O0,000 U. S. G. per
cents Tor per cents of 1901. .....,. IA 900 00l
Total savingper annum by REMINDING. S23, 5O0, COO
Tie large and rapid accumulation in the last few
years of private capital retired from active BUSH
| ness aud OF the cash Savings and Life Insurance
premiums deposited with or intrusted to the proyi-
dent institutions OF the eountry-all seeking the
most undoubted security, pledged to be kept tree OF
all taxes under national or local authority and con
tent provided this object be assured, with moderate
rates OF nterest-will, doubt, ultimately absorb
so much OF these New Stocks may not be tax en- in
voluntary conversion Of United States 52Os, or mar
keted abroad
c.. NORVELL,
In charge OF United States Loan Advertising.
TREASURY OFFICE,
NETWORK, May 2, 1871, 1900 OF