The Portland daily press., 1871-05-27
3. Recorded. .........


Register OF the Treasury.
Registered Bonds will be issued OF the denOmna-
lions OF $780, 500, $500, OO0 S. 900, and $4,000
and coupon bonds OF each denomination except the
last two. The interest will be payable in the United
Staies at the Office of the Treasurer, any Assistant
Treasurer, designated depository of the Govern
ment quarterly the first days OF February, May,
August, and November in eac year.
The Interest the Registered Stock of this Loan
1t is determined by the Treasury Department, viii
be paid conveniently to the holder the Cou-
pom Stock, and personal attendance, or attendance
by proxy, at the Treasury to draw and receipt for
the Interest will be dispensed with, ,chenerer the
chick Of the United States Treasurer, mailed pus,ct-
uaky to theaddress and order Of each holder on or
before every quarfer-ddy, preferred such atten
dance. This check, payable in Gold Coin at the
Treasury in New York, Tor such other Office as the
Stock registered at will be negotiable collect
able the Endorsement of the owners of the
Stock In pursuance OF this arrangement, the SUBJ
scribers purchasers Of the Stock in its reeis-
tered form, (which lisa complete protection ag ainst
thief or other losses incident to Coupon Bonds paw
able to bearer are advised to give their Post-ofce
address in ul, and to notify OF any change in the
address between quarter days.
The whole proceeds of the new loan will be an
piled to the payment or redemption and-canceation
OF the 500 years six Ter cent. bonds, and in add-
ton 60 these proceeds, the $50. are row being To-
duced by purchase at the rate of $iOOcO, 900 per
month.
The entire effect, therefore, of the New Lean, in
connection with the existing Sinking Fund process
of the treasury is to reduce both Principal and In
etest oil the Public Debt of the United States The
Loan creates no additional supply Of Government
Stocks while tie application OF the surplus revenues
derived in Gold from Customs is constantly lessen.
ing as it has been doing for two years past the Fund
ell Stocks bearing six per cent Gold Interest.
The LIST OF May schedule OF the Public Debt. which
has just been published by the Secretary of the
Treasury, shows reduction in these Stocks since
the April schedule of $l2,2l5 700, and further less,
ening OF the yearly interest charge thereon of $73
942. This leaves the total yearly interest Charge In
Gold Sill, 1884, In the same month the Treasury
paid and cancelled S2,47oOOO of the Three per Cent.
Currency Debt, reducing the whole of this debt
bearing interest to aOo and the yearly inter-
est charge thereon to 1851 40.
The proposed fu, ther reduction OF the annual in
terest charge upon the Public Debt by refundng is
as follows:
By exchange of $5OOOOO.oO U. s. G per
By exchange OF $780, OOO. 900 u. S. s Der 0''''
cents foi ~ per cents oil 1886. ......, 1900 600
BY exchange Of s7oO,ooo,o9o U. s.. 6 per ''0
cents Tor per cents OF 1901. ......, a. 600 OOo
Total savinspe annum by reiunding $23,5OO 600
The large and rapid accumulation in the last few
years Ofprvate apital now retired from active busi
ness. and Of the cash Savings and Life Insurance
premiums deposited with intrusted to the provi-
dent institutions of the country-ail seeking the
most undoubted security, pledged to be kept tree of
all taxes ner national local authority and con-
tent provided this object be assured with moderate
rates of interest-wi, no doubt ultimately absorb
Naxu
untary conversion of United States COS or mar
keted abroad. II
G. G. NORVELL,
In charge OF United States Loan Advertising. |
TREASURY OFFICE,
NEw-YoRK, May 2, 1871. 13-20-e7