The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-13
FORM OF rlvE PER GENT. BOND.
Register OF the Treasury.

Registered bonds will be issned Of denominations on
$780, $780, $780, $1,000 900 $4,000 and coupon bouas
of denomination excep, last two The interest wiz
be payable the the once OF the Treasurer
any designated depository Of the gov
quarterly on the days Of February May AuguA
ana November in each year.
The interest the stock Of this loan II de-
termined BY the Treasury Department. win paid as
conveniently the holder as on the coupon STOCK
and personnl attendance, or attendance by PROXY
the Treasury, to draw and recep. Cor tho
interest will be dispensed WITH whenever check Of
States Treasurer punctualy to the addres
each holder before every quarter day 10
preferred attendance This check payable in gold
coin at Treasury Tor such other ONCE a.
the stock Is registered att, win be negotiable coccabe
the endorsement Of the Of the stock In
pursuance Of this arrangement. the subscribers pu.
chaser of the stock in It's registered form (Which
pete protection Asans. other losses incident 70
coupon bonds payable advised to give their
post once address FULL notify OF any change in the
address between quarter days.
The whole proceeds VIII DO spilled 70 The
payment or redemption cancellation of the $50 yeas
a1 per bonds and. addition to these proceeds, the
S2os being reduced BY p chase At the rate Of
slo,ooo,ooop per month.
The entire effect therefore, OF new loan In connection
with existing Sinking process Of the Yreasury 10
both principal the public debt OF
creates no additional supply OF
stocks, while ,ha application of the surplus
derived in gold from constantly lessen,
log has been doing years past, the funded
stocks bearing six per cen, gold interest.
The LIST of May schedule tho public debt which has ,us
published the Secretary the Treasury shows r
duo,ion the Of sIsss7oo
and further OF the yearly interest charge thereon
Of s7a This leaves the total yearly interes. charr. in
gold sillss3o3l In the month the Treasury paid and
cancelled sa4ooo Of the three per cent currency debt,
reducing whole of this debt bearing futerest a
sso2s.oco and the yearly Interest charge thereon to
sl.S37.47a s
The proposed further reduction of the interest
charge upon tho public debt by rsfaudns Is - foows
Byercbanss Of ssooooo.ooo United States air per
cents for i've per lssl..... .... sSooooc
BY exchange of ssoc.oOoOcO United STATES sx per
cents for four and bali per cents Of 1855 45oQooo
By exchange OF 87oo. 100000 United States six per
cents for four per of 1901. ........ 100000
Total saving Gnnum by refunuing 06
The large and rapid accumulation IN last few yea Of
private capital retired from active business ana Of the
cash Savings and Life Insurance deposited with
the provident Institutions OF tho countrva
seeking the most undoub,ed security pledged 10 be Kept free
of al taxes under national local authority and content
provided this object be assured with moderate rates Of IN
.erestwi doubt ultimately absorb 10 much Of these
stocks not be takeR in voluntary conversion of
United States 52os, or marketed abroad
III. onca schedule tie Treasury affords The following
Classification Of funded stocks gold) Of the United States
as outstanding on the lsi q ::...y;-- ..~----rzF
FUNDED s7'oiCEss I'm aoIDj OF rnr unrrsn, !.
STATES.