New-York tribune., 1871-06-13
GREAT NATIONAL LOAN.
S134 OGO. 900 NEW 3 PER CENTS.

PRT,;CIPAL AND INTEREST PAYABLE IN com.
Interest quarterly, FCEruarB Nay Au0ast ana
NOrember.
BONDS FREE OF ALL TAXTs LOCAL OR NATIONAL
The Treasury Department having already re-
ceived subscriptions to the amount of SG6OOOOOO
to the first two hundred millions of the New Loans
authorized by the Act Of Congress, of July H. 1S'O
for refunding the Public Debt, bearing Five per
cent per annum Interest, offers to popular Sub
scription the remaining SlGOCOCO of this particu-
lar Loan and is prepared to promptly deliver the
Coupon Bonds or Registered Certificates in exchange
dollar for dollar for any Of the United States Six per
Cent Bonds or Registered Stocks. known as FIRE Itc
ties or for Gold Coin at the par value OF the New Loan
and accrued Interest from the first of May. When
this amount, to which preference is given, is taken
up, the remainder of the Five per Cents SSOOOCO-
OOO embraced in the Act will be offered In c0nnec-
ton with S9C0,CCO,CC0 -Four and one-haH per Cents
and any part of S700,0O0,C0O OF -Four per Cents
the one running fifteen years and the other thirty
years.
The following is copy of the New Five per Cent
Bond. under and pursuant to the Act of Congress:
FORM OF FIVE PER CENT BOND.
INTEREST FUNDED LOAN OF 1881 3 PER CENT
UNITED STATES or AMERICA.
ARE INDEBTED TO THE BEARER IN THE SUN oF
THIS BoND is issued IN accordance with the pro-
| visions Of an act Of Congress entitled An Act TO
proved July H. 1870, amended by an Act approved
Jan 20 1S and is redeemable at the pleasure of the
United States after the 1St day of May, A. d. 1851 III
coin of the standard value of the United states on
said July If, 1870, with interest in such CON- hOm
the day of the date hereof at the rate OF FIVE PER
CENTUM per annum, payable quarterly on the ISL
day of February, May, August, and November III
each year. The principal and interest are exempt
from the payment of all Taxes or Duties OF the
United States as well as from taxation III any form,
by or under State, municipal OF local authority.
NAoHINGTON, .......-.-, TO-.
Entered ........ Recorded .--..---
Register of the Treasury.
REGISTERED bonds will be issued of the denOmina-
tons of $50 $780, 500, $1,000 $4,000, and $4,000,
and coupon bonds of each denomination except the
last two The interest will be payable In the United
States at the office of the Treasurer, any Assistant
Treasurer or designated depository of the Govern
ment, quarterly on the First days OF February,
MAY. August, and November, in each year.
The interest on the Registered stock of this loan,
it is determined by the Treasury Department will be
paid under the following convenient regulations,
thus bringing Gold Check for the Quarterly Inter
est to the Post Office of every holder free of trouble
or expense dispensing with attendance in person or
by proxy the Treasury for the purpose of receipt
ing for and drawing such interest.
TREASURY DEPARTMENT, LOAN DIVISION, May 10, ISL
1t has been determined by the Department TO pay
the interest on the Registered stock of the new Loans
(aets July H. 1870 and Jan. 90 lol by check, 10 tle
order of the party in whose name the stock is regis
tered and the ckeck will be transmitted by mail to
tbe address of the holder when furnished; other
wise it will be sent to the care of the Assistant
Treasurer or depository where the interest Is to be
paid. ..
to transmit these checks by mall that all parties
subscribing to the new Loan or or having transfers s6r
address, and ddcise the Department Of any chdhge az
least fifteen days before interest days.
During the fifteen days immediately preeedlng t,le
into Feb / Il l.
transferbooks will be closed for the purpose OF pre-
pairing the checks. II the stock Is not iCn m
transfer previous to the closing the interest VIII DC
declared TO the person TO whom the transferred GER
tifcate was issued, and the assignee must look 10
that party for the accrued interest to which he may
The new certificate issued upon transfer OF stock
will hear interest from the first day OF the quarter
year in which such transfer Is e bo fnrarded tbe
assigned certificates by mail, unless othelWlse III
rected. . s. ;,,+,ros+ ,,-;,l boor tho
fonnwing Endorsement: This check Is payable on
nresentation properly indorsed at the olice OF te
Toosurer nj Washington, the Assistant Treasurer at
Roaon New-York Philadelphia, Baltimore, Charles
Ton New Orleans ST. Louis or San Francisco OF tno
designated Depository at Buffalo, Chicago, Olhcih-
noti louisville, Mobile, or Pittsburgh" .
Should any checks be returned 70 the Department
os uncaled for" they will be held by the treasure %
of the United States, subject to the olocr cre,
payee. OEoKGE DoO "7 urI;,
The whole proceeds of the New Loan will be applied
tn the payment or redemption and cancellation OF
the 500 years six p cent bonds, and' III auu'ioh
these proceeds the 5-2Os being reduced by pur-
chases averaging for two years past aooue
per month. :.
The entire effect. therefore, Of the New loan IN
connection with the existing Sinking Fund process
of the Treasury is to reduce both Principal and In
,aroot 90 ,bo pnblie Debt of the United States. The
- ..,o ,,o additional supply Of Government Stocks,
while the application of the surplus revenue Is con-
s,a,, lossanine the Funded Stocks bearing six per
cent Gold Interest.
Tho nolicy of the Government since the close OF the
W. in 1875. which left debt upon the country OF
81 and annual taxation OF SSH 'OOoOo'
s heen 10 reduce steadily both Debt and Taxes; to
reduce the Principal of the Debt by actual payments
and TO lessen the annual burden of Interest, and
,bereby the burden of Taxation, not only through
such payments, but by funding the debt at the
cheapest rates Of interest practicable from time to