The Portland daily press., 1871-05-01
e. NEW LOAN oF Tile uNIrEp srATEs

ES NEW LOAN OF THE UNITED STATES
The subscriptions to the New Five Per Cent. Stock
of the United States amount about $50 600 900
They confidently expected to reach 5000 600
by the time the New Bombs are ready tor delivery in
May. The proposals OF the Secretary of the Treas
ury will then be changed to the following program
me: = !
First-Bonds to the amount of three hundred mill
lions Of dollars payable in CON- at the pleasure OF
the United States, after ten years from the dale of
their Issue, and bearing interest, payable quarterly
in coin, at The rate of tive fer cent. per annrm.
Second.Bonds to the amount of three hundred
millions of dollars payable in coin, at the pleasure
OF the United Sates alter fifteen years from the
date oil their issue, and bearing interest, payable
quarterly in coin, at the rate Of four and half per
Tnird-Bonls to the amount of seven hundred
millions of dollars, payable n coin, at the pleasure
OF The I'm ted States alter thirty from the date
OF their issue and bearing interest, payable qrarte
ly IN com, at the rate o. four percent per annum.
after the above mentioned two hundred millions are
taken up, IN the following order, namely:
NEUTRALITY-SUSPICIOUS. ior equal amounts OF each
SecOnd-SubscriptiOns for equal amounts of bonds
bearing interest at he rate of four and hall Der
cent, and OF bonds bearing interest at the rate Of
Third-Subscripio ions for any five per cent. bond.
that may not be subscribed for III the preceding
classes. ss ~ II - Q
Subscriptions TO the remainder OF the 5000 900 600
OF five per cents, which are Unconditional, are now
going on, ard the bonds will soon be issued TO The
subscribers, who can receive scrip certificate in adj
vance, il they desire to pay their god or ex hange
United States 520s at once in the registered or coH
pom ofm Megsss ere bends mi vii be issued Of the
$4,000 and coupon bOads OF each denomination ex-
cept the last two. The interest will be payable in
assistant Treasurer or designated depositary IF the
Government, quarterly, on the first days OF Febru-
ary, May, Angus and November in each year.
The bonds VI the several classes Aforesaid and the
interest thereon, are exempt from the payment OF all
taxes dues OF the United States, as well as from
taxation in any form by or under State, municipal,
Af!er paturity, the bonds 'ast issued will be first
redeemed, by classes and numbers as may be desg-
mated by the Secretary Of the Treasury
The reduction of The public debt since the close OF
rue war I Inc rebel M and the ielIef at the
lows: w.
PRINCIPAL of debt, 1865. ..........$2 755 9a5 275
fald under johnson. 264,596,S7I
Principal. March 4, 1900 So, 49t, 399 gO4
ran "huef Grant. .'...."............ 2230S3,b73
Present public debt: ,2ss $40, 2s1
interest chaige. 1868. ............ 15l S32, 051
Reduced in four years by payments and
iuhu'he '.......... ............... 25442. sol
Interest charge, 1869. ............. $i2s 1888, $50
REDUCED IN Two years by payments.... 12,052 1893
Present interest charge ...........s ia, 1886 5t2
The proposed further reductions of the an
nual interest charge upon the public debt by
the funding, is as follows:
BY exchange of $500 100000 U. S. 6 per
cents for new per cents Of 1884, .....$ 5000 600
By exchange Of, $500, goo. 900 u. S. 6 per
cents fpt A per cents OF 1885, ......... $500 900
By exchange OF s7o0,OOO,OGO U. S. 6 per
cents Tor per cents of 1901. 100000
Total saving per annum by Ietunding.. 1928 500 600
7 he whole proceeds of the new bans win be ap-
Piled 10 the payment or redemption and cancellation
OF the 20 years six Der cent. bonds, and in atldi-
ton TO these proceeds, the $40. row being I'd
duced by purchase at the rate OF $1,000 600 per
month &C NOltVNIJ,
In charge OF advertising United States loans.
TREASURY OFFICE, NEw-YoRK, April I5
LOAN AGENTS IN NEW-ENGLAND.
BOSTON, MASS
BAKE Brothers. Kdder. Peabody & Co.
brewster, Sweet q co. Lee, Higginson u Co.
Seek u, Others Page, Richlruson & Co.
rooie q Erencn. Spencer, Villa s. Co.
iiead * ferkns. Stone Il DOwner.
Hubbard, Brothers & Co. Walker & Merriam
Tower, Gddings q Torrey.
p. M. Blake Bangor, Maine.
$. p. Burt New Bedford Mass.
George p. Bsseil s. Co., Hartford, Conn.
Elton Banking Company, Waterbury,
II. II. Bunnel, New-Hayen,
Il s. Scranton & Co., New-Haven,