The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-03-10
FINANCIAL.
NJRw LOAN OF THE UNITED STATES.
IN IMPORTANT CIRCULAR,
TREASURY DEPARTMENT.,

TREASURY DEPARTMENT,
WASHINGTON, February 20, 1871.
opened on the sixth day of March next. In this
country and in Europe for subscriptions to the Ma
entitled can act to authorize the Refunding OF the
National Debt" and the act in amendment thereof,
The proposed loan comprises three classes OF
Bonds, namely
First. Bonds to the amount Of i've hundred mill
lions of dollars payable In coin, at the pleasure OF
the United States after ten years from the date OF
o ~ ,S M ing payable quarterly In
Second. Bonds to the amount OF three hundred
Of Se Tned after u ee a s 5e
date OF their issue and bearing interest, PAYABLE
quarterly In coin at the rate OF four and half per
Third. Bonds to the amount OF seven hundred
millions Of dollars payable in coin at the pleasure
OF the United States after thirty from the date
OF their ISSUE and bearing interest, payable quar-
terry in coin, at the rate OF four per cent. per
Subscriptions to the loan will have preference in
the following order, namely
per cent. bonds to the amount OF two hundred mil
lions OF doars Of which there will be reserved for
and one-haf for subscribers in foreign countries.
second. subscriptions for equal amounts OF each
Third. Subscriptions for equal amounts OF bonds.
bearing interest at the rate OF four and half per
cent, and OF bonds bearing interest at the rate OF
Fourth. Subscriptions for any five per cent. bonds
that may not be subscribed for in the preceding
When subscription is made the subscriber will
be required to deposit two per cent. of the amount
in bonds OF the class to be exchanged, to be ac-
counted for by the Government when the new bonds
are delivered and payment may be made either in
coin or in bonds of the United States known as
FIvETWENTY BONDS, at their par value.
The coin received In payment will be applied to the
redemption of 500 bonds aud the debt Of the United
States will not be increased by this loan
The bonds will be registered or issued with cou-
tered bonds will be issued OF the denominations OF
$780, $780, $780, $1,000, $4,000, and slOO0O 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
terry, on 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 or dues OF the United States as well as
from taxation in any form by or under State, NUM-
After maturity the bonds last issued will be first
redeemed, by classes and numbers, as may be de-
signated by the Secretary OF the Treasury.
The bonds will be issued at the United States Trea
sury but the agents for the negota ion OF the loan
Europe are authorized to make arrangements with
subscribers for the transmission OF 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-
tioDs are made.
rized to receive subscriptions, and subscriptions may
also be made at the office OF the Treasurer OF the
United States or OF any Assistant Treasurer the
designated depositaries at Buffalo. N. Y; Chicago,
H.; Cincinnati Ohio; Louisville, KY; Mobile, Ala,
and PittSDurg, IA
The following banking houses are also authorized
to act as agents in receiving subscriptions in the
United States NEW NEW YORK CITY.
Austin, Baldwin & Co.., James G. Kings Sons,
Baker Kitchen, Kountz Brothers,
A. Belmont Co., Leonard Sheldon & FOs-
Brown Brothers & o., Maitland Phelps & Co..
Bulge. Schf * Co, Marx Co.,
Cecil, Stout s. Thayer, Morton, Bliss * Co.,
John j. Cisco & Son, P. M. Myers & Co.,
CLARKE, Dodge Co., George Opdyke & Co.,
Henry Clews Co., E. D. Randolph & Co.,
Jay Cooke & Co., Held, Leo & Content
Rrexei, winthrop $ o., ]. 8 ": selig@an Co.,
Duncan, Sheridan Co. Soutter q Co.,
Fisk Hatch, Edward Sweet Co.,
Frank 4 Cans, Moses Taylor & Co.,
Gibson Casanova & Co., Trevor Colgate,
GlenGinning, Davis Turner Brothers,
Amory, Union Trust Company,
Hatch & Foote, Van Schaick & Co..
w. 4. Hatch Son, vermillye & Co.,
Edward Haight. l.. Won Hoffman & Co.,
H. A. Heiser's Sons, Wells Fargo & Co.,
Howes Macy, Dabney, Morgan Il Co.,
Winsow, Lanier 4 Co.
PHILADELPHIA.
Barker Brothers s. Co, Henry L. Fell 6 Bro,
Q x IL. Borie, Gawi Bacon Il Co.,
@. Camblos s. Co., IGlendinnng Davis a CO.
E w. Clarke Co., w. II. NeWbod, Son &
De Haven K Bro w. Painter & Co.,
DreXel Co. Sailor & Stevenson,
Elliott Collins Co., d. G. w. Smith & Co.
Emory, Benson Co: Townsend Whelen s. co.
James T; Brady Co., Masonic Deposit Savings
' VS. n.>-, s Meceiiean Co.
Altoona Kerr a. Co.,
w. NJ. Lloyd & Co.
Bedford-Reed Schell
Bellefonte-Wiliam r. Reynolds Il Co
Chamberburg-Austn, Elder & Fletcher.
Doylestown-J. Hart & Co.
Ebensburg-Lloyd Co.
Franklin-R. Lamberton.
GreeDsburg-Lloyd, Huff Co.
Harrsburg-Dauphin Deposit Bank
Dougherty Brothers Co.,
Mechanics Bank.
Lancaster-Evans, McEy0y Co.,
Reed McCfrann q Co,
Meadvillle-J. II. Dick & Co.
OIL City-Oil City Savings Bank.
Renovo-R. B. Caldwell & Co.
Scranton-George Sanderson Co.
Sharon. Bleakley, Son 4 Co.
Somerset-Sche s. Kimmell.
Titusville-Farmers' and Mechanics Bank
Towanda-G. Il. Mason co.
Pomeroy Brothers.
TyTone-LlOyd Caldwell Co.
Washington-Samuel HaZlett.
West Chester-Kirk, McVeagh & Co.
Wilkesbarre-A. H. Emley.
GEORGE 8. BOUTWELL,,
Secretary OF the Treasury.
PROGRESS OF REDUCTION OF PUBLIC DEBT
OF UNITED STATES.
Maai%sn M psg. . Ds1t a , slossef Present Out
July 81 1865 traitor. MaToh Debt March
Five-twenty
per ct stocks S6O6 500 l6O2 $50 09s 400
Other six per
cent. stocks. sO2,sOl,O42 9ss677,4OO $685. 100
Ten-forty five
per centstOck l79IO,1OO ls4,5e7,sOO 1914 1861, 800
Other five per
cent stock: 27.Oas.cOO 97,O22,OoO 2oOOO,OOO
Three-yearT30
per cent.
notes ....... s9O,OoO,OOO