The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-03-06
QttaAEtlG4eueer
THE NEW LOAN.
Secretary BoutwelI's Instructions.
WLsIr1nnTnN. March &

""SAtHStS n1 HSD' 80
Public notice is hereby given that books
will be opened on the 9Th Of March next
in this country and Europe, for subscrip.
tions to the National loan, under the act
approved July Il, 1870, entitled IAN act
to authorize the funding of the National
debt" approved January 90, 1871. The
proposed loan comprises three classes Of
bonds, viz:
First-BOnds to the amount Of $780,.
100000, payable in coin at the pleasure
of the United States after ten years from
date Of their issue, and bearing interest,
payable quarterly, in coin, at the rate oil
five per cent. per.Annum.
ScCond-BOnds to the amount Of $780,.
100000, payable in coin at the pleasure
of the United States after fifteen years
from the date Of their issue, and bearing
interest, payable quarterly, in coin, at the
rate Of At per cent per annum.
Third-Bonds to the amount Of $780,
100000, payable in coin at the pleasure Of
the United States after thirty years from
the date of their issue, and bearing inter
est, payable quarterly, in coin, ut the rate
Of four per cent. per annum.
= Subscriptions to the loan will have pre-.
ference in the following order, viz:
Flrst-Subscriptions that may be first
made for the five per cent. bonds TO the
amount OF $20O,O000OO, of which there
will be reserved for twenty days Onc.Iali
for subscribers in this country and Onc-half
Tor subscribers in foreign countries.
Second-SubSCriptions for equal amounts
OF each class OF bonds.
NEUTRALITY-SUSPICIOUS. for equal amounts
OF bonds bearing interest. ut tho rate Of
Al per cent, and of bonds bearing interest
ut the rate Of per cent.
Fourth-Thc subscriptions for five per
cent. bonds that may not be subscribed for
in the preceding classes.
When subscription is made subsCrib.
ers will be required TO deposit two per
cent of the amount thereof, in coin or
currency Of the United States or in bonds
of the class 10 be exchanged, to be account.
ed for by the Government when tho new
bonds are delivered, and payment may be
made either in coin or In bonds Of the
United States known as FivG.twGDty
bonds, at their value. The coin received
in payment will bcapplied TO the redGmp-
ton OF the Fivc-twCnty bonds, and the
debt OF the United States will not be in.
creased by this loan The bonds will
be registered or issued with coupons, rs
may be desired by the subscribers. Reg
istcrcd bonds will DO issued OF denOmina-
tons Of $50, 800, $500, $1,000, $1,000
and $4,000, and coupon bonds OF each
except the last two. The
interest will be payable in the United
States at the office OF the Treasurer, any
Assistant Treasurer or designated dGposi.
tory of the Government, quarterly, on the
first days Of February, May, Au.
gust and November in each year.
The bonds OF the several classes
and the interest thereon Dire eX.
empt from the payment Of all taxes or du.
ties Of the United States as well Ms from
taxation in any form, by or under State,
or local authority. After ma.
turity tho bonds first issued will be the
first redeemed, by classes and numbers, rs
may be designated by the Secretary Of the
Treasury. The bonds will he issued at
the United States Treasury, but the agents
for the negotiation Of the loan in Europe
are authorized to make arrangements
with subscribers for the transmission OF
bonds to the agents through whom sub.
ScriptiOns may be received. Subscribers
in the United States will receive the new
bonds of the agents with whom the sub.
sCriptions are made In the United States.
The National banks are authorized 10 re-.
cGivc subscriptions, and subscriptions may
also be made at tho Office Of the Treasurer
of the United States, or of any Assistant
Treasurer or the Designated DcpuSitOrics
at Buffalo, N. Y, Chicago, H., Cincin.
natl, Ohio, Louisville, Ky, Mobile, Ala,
and Pittsburgh, Pa.
Regarding the prospect OF the new loan,
a Washington telegram, dated Friday says;
The Funding loan is regarded at the
Treasury us promising to be perfectly sue.
Cesslul. Among the subscriptions to-day
was that of Henry Clews & Co. for one
million dollars.
Another OF same date says:
The SeCretarylot the Treasury has re-
ceivGd, this morning, from the First Ma.
tional Bank of New York, subscription
of 100000 of the new per cent. loan.
and soon aitCrward Mr.. Henry Clews, who
is visiting the city stepped into the Urea.
sury and subscribed for million in the
name OF his firm. Senator John Shcr-
man some days ago subscribed for the
first bond, No. / will issue to him.
Concerning the prospects of its success
the Tribune Of Thursday says;
The prospects Of placing the new five
per cent. government loans are very flat
tering indeed. 1t is understood to he the
desire Of the Secretary OF the Treasury
that of the 900000,000 now offered for
sale, 100,000,000 be subscribed Tor Ameri.
can account, and the remainder be sold in
Europe, and there is, perhaps, very little
doubt that such will he substantially the
Of the first lot offered to the
public. Assurances from abroad Justify
the expectation that there will be no seri,
Gus difficulty in readily dispOsing of the
l00,000,O00 which Mr.. Boutwell, desires to
place in Europe, and the inquiry ut home
points to equally successful results. The
bonds will be ready for delivery about the
first of May; and those who first subscribed,
whether in this country or in Europe, will
be first served. The First National Bank
of this city, anticipating II lively demand
for the bonds and seeing the Importance
of IN early supply, leads oil with sub.
scription tor $l,0O0,0OO, and the National
Currency Bank follows with subscrip.
ton tor $95O,0OO. The payment tor these
bonds may be made in gold, or tive.twenty
per cent bonds at gold.par, ut the option
of the subscriber. There can be no
reasonable doubt that the 100000, 900
now offered will be promptly taken. and
probably the remaining $300,OOO,OOO Of
five per cents, il offered separately, would
easily find purchasers; but It is thought
that Secretary Boutwell, will hesitate to
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