Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-05-08

NEW LOAN OF THE UNITED SrArEs.-The subscrp-
tion to the New Five Per Cent stock of the United
IDENTIFY expected to reach by the time the new
bonds are ready tor delivery in May The proposals Of
me secretary OF the Treasury will then be changed TO
the following programme:
of dollars payable in con the pleasure of the United
states after ten years from the date of their issue
osafng interest payable quarterly in coin, at the rate
. Second-Bonds to the amount of three hundred mil
United States after aeen years from the date Of their
issue ana bearing interest," payable quarterly in cOn
the rate OF four and half per cent per annum.
. TMTd-Bonds to the amount OF seven hundred mil
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,
the aforementioned two hundred millions are taken up
in the following order, namely;
bonds.
cond-subscriPtions for equal amounts of bonds
bearing interest at the rate of four and half per cent
and Of bonds bearing interest the of 1--WE per cent
~ & for any Ave per cent bonds that
subscriptions to the remainder of the $4,000 900 of
nVe per cents which are unconditional, now going
AMI the bonds will soon issued to the subscr6ers
who can receive scrip certificate in Gdvance IL they
al in the registered or coupon form Regisered
bonds will be issued OF the denominations Of $50 500
nomination except the last two. The interest will be
payable IN the United States at the office of the Treas
re any Assistant Treasurer or designated depository
Te a quarterly on the first days of Feb
terest thereon, are exempt from the payment of all
taxes or dues of the United States well as from taxa
tiOn IN any form by or under State municipal or local
authority. - 49,
Amer 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 relie, the same time to
the annual burden Of interest, are a. follows:
pr!nclpa OF debt, 1856 995 2T5
Paid unoer johnson. .................... N55g5 3Ti
Principal March 4 1869 80 49l 400 9O4
ulueE gl3 1888 673
Present public debt. 81 ga sle 2sI
Reduced in four Years BY payment and l0i'''-O'i
25,44259I
Interest charge, 1863 SIPS $50 $50
Reduced in two years by payment. l2O5290S
Present interest charge. STA $50
The proposed further reduction the annual Interest
charge upon the public debt by reunding foows
BY exchange of $500. 000. 900 United States sIx
per cents for new five per cents of 1881 SSOOO0O0
By exchange of S5C0,GOO,0O0 United States six
per cents for four and half per cents of 1885
By exchange Of S7OO,O0OOO Untel States SIX ''
per cents for four per cents Of I4O0O 900
Total saving per annum by reftlnding. S2s. 500 900
Inc whole proceeds OF the new loans will De applied
70 tue payment or redemption and cancellation Of the
proceeds the so being reduced by purchase at
the rate of $40 GoO,OO per month, G. @. NORvELL.
In charge of advertising United States loans.
TREASURY OFFICE, NEW YORK, April Is.
LOAN AGENTS IN NEW REGLAED-BosroS, MAss
Blake Brothers. Kidder, Peabody t. Co.
Brewster, Sweet d Co. Lee, HfRgnson & Co
Beck Brothers. Page Richardson 20
Foote d. French. Spencer Villa %
Head Perkins. Stone q DoWner
Hubbard, brothers & Co. Walker & Merriam.
Tower, Giddings Torrey.
J. N. Blake, Bangor, Maine.
). L. Burt, New Bedford Mass,
George r. Bissell d Co., Hartford Conn.
Elton Banking Company, Waterbury,
r. H. Bunnell, New Haven,
Z. S. Scranton q Co., New Haven
apis deop9t