The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-06
Register of the Treasury.

Registered bonds will issued of the denominations
$50 $780, $780, 81 600 5000 Co., and coupon
of each except two. The ineres, win
be payable the the Office Of the Treasurer
Assistant Treasurer designated depository gov
en quarterly onthe LIST days February, May August
November in each year.
The interest the registered this loan it is de
termined by the Treasury Department will be paid as
conveniently to the holder the coupon stock,
and personal attendance, or attendance by proxy
at the Treasury, to draw and receipt for the
interest will be dispensed WITH whenever the check of the
United States Treasurer punctualy to the address
holder every quarter day. is
preferred to such This check payable gold
coin the Treasury New York Tor such other Office as
the stock registered att negotiable or coecabe on
the endorsement of the of the stock In
Of this arrangement the subscribers or pur
chasers of the stock registered form (Which COM
plete protection against theft other
coupon bonds payable beare are advised to give their
post Office address full notify any change the
address between quarter days.
The whole proceeds of the loan will be applied
payment redemption and cancellation of the $50 years
per cen. bonds and addition these proceeds the
b2o's being reduced by purchase rate of
$4,000, OoOper month.
The entire effect therefore, new oan in connection
with the existing Sinking process of the Treasury
to reduce both principal and interest public deb, of
the United The additional supply of
government. Stocks while application of the surplus
derived gold customs is constantly lessen
Ing, as has been doing for past, funded
bearing six per cen, gold interest,
The LIST OF May schedule of the public debt which just
been published by the Secretary the Treasury shows ro
ducon in these stocks the Arrschedue Of sl2
and further essenns the yearly charge thereon
of $73s9 This the yearly interest charge in
gold O34 In the Treasury paid and
cancelled s247ooO of the per cent currency debt
reducing the whole of this deb, bearing ineres, to
$5l, o23oOo the yearly interest charge thereon to
sl5s7,47o
The proposed further reduction of the annual interest
charge upon the public deb. by refundng foows
Byexchange of $5Oo00o,Oo0 United States six per
cents for new five per cents OF ls6l.. ... 600
By exchange of ssOo,OooOto United States six per
cents for four and half per of 1856 .. 100000
BY exchange of $500 100000 United States six per
cents for -four per cents OF lsvl ......... nOooOoo
Total saving annum by reiunuiDg % 100000
i
The large and rapid accumulat
pr capital retired business ana
cash Savings and Life Insurance premiums deposited
ntrusted to the provident institutions of the country-a
seeking the most undoubed security pledged Kept
provided this object be assured, of
tcres-wil doubt ultimately absorb much of bc
stocks not be taken voluntary conversion
| United States 52os, or marketed abroad.
The official schedule OF the Treasury affords the following
lasshoaon Of funded stocks god the United States
! rs outstanding on the 1st OF May
FUNDED STOCKS UN GOLD OF THE UNITED
STATES