New-York tribune., 1871-03-28
NEW LOAN OF THE UNITED sTATEs-IiPORTANT CIR
CULAR.
TREASURY DEPARTMENT,

NEW LOAN OF THE UNITED sTATEs-IMPORTANT CIR
CULAR.
TREASURY DEPARTMENT,
WASHINGTON, Feb. %. 1871.
Public notice is hereby given that books will be
opened ON the 9th day of March next, in this coun,
try and in Europe for subscriptions tothe National
Loan under the act approved July a. 1870, entitled
An Act TO authorize the Refunding of the National
Debt and the act in amendment thereof, approved
Jan. 20, 1871
The proposed loan comprises three classes of bonds,
namely:
lions of dollars payable 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
Second: 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 thciri issue. and bearing interest, payable
quarterly III c0in at the rate OF four and halt per
cent per annum.
millions of dollars payable in coin, at the pleasure
of the United States after thirty years from the date
Of then issne. ana bearing interest, payable quar-
tory i'm coin at the rate of four per cent per annun
subscriptions 10 the loan viii have preference IN
the following order, namely:
Trf: Subscriptions that NAV be first made for five
per cent bonds the amount of two hundred millions
of dollars of which there will be reserved f0rtwenty
days, one-haf for subscribers in this country and
one-half for subscribers III foreign countries
Second: subscriptions for equal amounts OF each
class Of bonds.
Third: Subscriptions for equal amounts of bonds
bearing interest AT the rate of fOu and half per
Fowii: Subscriptions for any five per cent bonds
that may not be subscribed for III the preceding
When subscription is made, the subscriber win
be required 20 deposit two per cent OF tbe ali0uhI
thereof i'm coin currency of the United States or
i'm bonds Of the class TO be exchanged TO be ac-
counted FOR hy the Government Wnen the now DohHs
are deyered and payment may pc made either Ell, III
coin in bonds of tine United States known as FIVE
TWENTY BONDS, at their par value. 49,
The coin received in payment VIII be apphed 10
the redemption of hye-twenty bonds, ana the uGDC
of the United States will not be increased by thls
The bonds will be registered or issued with cou,,
,,,ne a. may me desired by subscribers Registered
bonds VIII be issncd of the denominations OF $50,
500. $500. 81 &C., 5000 and $1,000; and coupon
bonds of each denomination, except the lasJ tWo'
The interest will he payable III the teu Sldles, al
the Office OF the treasurer, any ASSISTANT lIedsuleI'
or DESIGNATED depository OF the GoNetnment, quar-
tcry 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 Oh
all taxes dues of the United states as wei az from
taxation m any fOTln by OF under state, muCIPai'
After maturity the bonds last issued will be first
redeemed by classes aud numbers, as may be dcslg-
mated by the Secretary of the Treasury.
The bonds will be issued mt the united states
Treasury but the agents for the negotiation OF me
loan in Europe are authorized to make afrahg geen9s
with subscribers for the transmission of the bonds
TO the agents through whom subscriptions may De
Subscribers in the United States will receive the
new bonds Of the agents with whom the subScnp-
tiOns are made.
In the United States the National Banks are au-
thorized to receive subscriptions, and subscriptions
may also be made at the Once of the treasurer OF
the United States or of any Assistant Treasurer or
the Designated Depositaries at Buffalo, n. l.; CHI
cago ILL., Cincinnati, Ohio Louisville, n.y.; MOBILE
Ala and Pittsburgh Penn.
r. S.-This Department and its own Loan Agents
are now ready to receive the United States Five
Twenty Bonds and to pay the gold interest thereon
interest scrip certificate calling for the bonds on
the Isl Nav will be issued at in exchange for
the old bonds GEO. ). boutwell,,
Secretary of Treasury.