New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-04-26
Npw LOAN or THE UNITED STATES.

The subscriptions to the New Five Per Cent Steck
Of the United states now amount TO about 80 oG oo
They are confidently expected to reach S2gO,UOO0O
bv the time the New Bonds are ready Tor delivery III
Nav The proposals of the Secretary OK the Treas
ury will then be changed to the following pro-
First Bonds TO the amount Of three hundred mil
lions of dollars payable in coin, at the pleasure OF
the United States after ten years nom inc uaIo ~
their issue and bearing interest, payable quarterly
i'm coin at the rate of five per cent per annuin'
Second: Bonds TO the amount OF three hundred
millions of dollars, payable IN CON- NJ INC pioa' tI
of the United States after fifteen years from the
date of their issue and bearing interest paXaOic
quarterly in coin at the rate Of four and half per
third. bonds TO the amount Of seven hundredmll-
lions of dollars payable in coin at the pleasure 81 the
United States, after thirty years from the date OF
their issue, and bearing interest payable quarterly
in COIN at the rate of four per cent per annunl.
Subscriptions to the loan viii have preference
after the aforementioned two hundred millions are
taken up. in the following order, namely:
First: Subscriptions for equal amounts OF each
second: subscriptions for equal amounts Of bonds
bearing interest at the rate of four and halt per
cent, and of bonds bearing interest at the rate Oh
five per cent. . ,o,,,.
that may not be subscribed for IN the preceding
Subscriptions to the remainder Of the S2QOo0O,OOO
of five per cents which are unconditional, are now
going on and the bonds will soon be issued TO the
subscribers who receive scrip certificate IN adj
vance, if they desire to pay their gold or exchange
coupon form. Registered bonds will be issued of the
denominations of $50, 800, $500 $1,000 $1,000, and
$4,000, and coupon bonds of each denomination ex-
cept the last two. The interest will be payable In
the United States at the office OF the treasurer any
Assistant Treasurer or designated depOsltary OF the
Government quarterly on the first days OF February,
May. August. and November, in each year. .
The bonds Of the several classes aforesaid and IN
terest thereon are exempt from the payment Of all
taxes or dues of the United States, as well as from
taxation in any form by OF under State, municipal,
or local authority. ~
After maturity. the bonds last issued viii be first
redeemed, by classes and numbers, as may be deslg-
mated by the Secretary Of the Treasury.
The reduction of the public debt since the close of
the Of the Rebellion, and the relief at the same
time, to the annual burden of interest are rs
follows
Principal Of debt 1866 755 995275
Paid under JOhnsOn.................. 255,595,5n
Principal March 4, l869............ 81 49l, $1,000
Paid under Grant. 2%5,Oo0o'0
Present public debt 81 2cs,3l623l
Interest charge, 1s65...........-...-., l5ls32O5l
tunding....... Z'i41'0oI
Interest charge. 1869 ............... $l263S9550
Reduced IN two years by payment. lAO52'ssS
Present interest charge .............. s1l4336,552
The proposed further reduction of the annual
interest charge upon the public debt By refunding is
By exchange of s5oOOcO,OoO United states six
cents for five per cents OF lS5l... No,OOJUVO
by ehcHalge OF F1OVuVJ'UV SIrt ooo
Bv exchange OF SOo0O0OO0 United states six
per cents four per cents Of l9Ol........ 100000
Total saving per annum by refunding. 600
Tho whee proceeds of the new loans VIII be APP
plied TO the payment or redemption and cancellation
of the 500 wears six per cent bonds and in addition
10 these proceeds, the 5-2s are now being reduced
by purchase at the rate of $lO,0OO0OO per month.
G.. e. NOEYEII,
In charge Of advertising United states Loans.
Treasury ODice, AeC- York. April 10.