New-York tribune., 1871-06-27
: :
Renister of the Treasury.

heRlsItT Ol lHc lICdoulg'
Registered bonds will be issued of the denomlna-
tions of $50, 800, $500 $1,000, $500 and $1,000
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, OF designated depository Of the Govern
ment quarterly on the First days of February,
Nav August and November, in each year.
The interest on the Registered stock of this loan
il is determined by the Treasury Department will be
paid under the following convenient regulations
thus bringing q Gold Check for the Quarterly Inter
est TO the Office of every holder, free of trouble
or expense dispensing with attendance in person OF
by proxy at the Treasury for the purpose OF receipt
ing for and drawing such interest.
TREASURY DEPARTMENT, LOAN DIVISION, May 10, 1871.
II has been determined by the Department to pay
the interest on the Registered stock of the new Loans
Iacts July a. 1870 and Jan. 20 1871 by check to the
order of the party in whose name the stock is regis
tered and the check will be transmitted by mail 10
the address of the holder, when furnished other
wise IL will be sent To the care of the Assistant
Treasurer or depository where the interest Is to be
paid. .. d..
TO transmit these checks by mail that all parties
subscribing to the new Loan, or having transfers
made to them, viii furnish their correct pos-oHce
address, and ddris6 the department Q any chdhge, al
least ffteen days before interest days.
During the fifteen days immediately preceding the
interest days, Feb. |, May l. Aug l, aud Nov. the
pairing the checks. If the stock Is not presented Tor
transfer previous to the closing the interest VIII be
declared TO the person TO whom the transferred GER
ti6cate was issued, and the assignee must look to
that party for the accrued interest to which he may
be entitled. =
The new certificate issued upon transfer OF stock
will bear interest from the first day of the quarter
wear in which such transfer Is made and VIII InNa
riably be returned TO the party who forwarded tne
assigned certificates by mail, unless OTHERWISE di'
rected. .... ,.t
Checks issued in payment of interest will bear the
following Endorsement: This check is payable on
presentation properly ndorsed. at the office OF the
Treasurer at Washington the Assistant treasurer az
Boston New-YOrk, Philadelphia, baltimore Charles
ton New Orleans 81. Louis, San Francisco, or the
designated Depository at Buffalo, Chicago, Clncln'
natl Louisville, Mobile, or Pittsburgh
Should any checks be returned 10 the Department
as uncaed for" they will be held by the treasurer
of the United States subject TO the order OF the
payee GEORGE D BOUTWELL, secretary
The whole proceeds of the New Loan will be applied
TO the payment or redemption and cancellation oil
the 500 years six y cent bonds and in addition 10
these proceeds the 520s are being reduced by pur-
chases averaging for two years past about SO,OVVV
per month. :.
The entire effect therefore, of the New Loan' III
connection with the existing Sinking Fund process
of the Treasury is to reduce both Principal ana In
terest of the Public Debt of the United states nc
Loan creates no additional supply Of Government s'oc"'
while the application of the surplus revenue Is con-
stantly iessening the Funded Stocks bearing SIX per
cent Odd Interest.
Thl policy Of the Government since the close OF the
Wrr in 1865 which left debt upon the country oil
81 155 600 OOO and annual taxation OF sSilCoooV
has been to reduce steadily both Debt and Taxes; 70