The Portland daily press., 1871-04-28
SPECIAL NOTICES.
u- NEW LOAN OF THE UNITED STATES.

~ NEW LOAN OF THE UNITED STATES.
The subscriptions to the New Five Per Cent Stock
Lney are confidently expected to reach S2000OO,O0O
by the time the New Bonds are ready delivery in
May. Inc proposals Of the Secretary of the Treas
nry Will then be changed to the following program
n, Frst,Bonds to the amount of three hundred mil
S III aoiiars payable in coin, at the pleasure OF
the United States, after ten Years from the date of
their ISSUE and bearing interest PAYABLE quarterly
- R ae rae OF hve Fer cent per snnum.
oecotdsbouus TO the amount of three hundred
millions of dollars, payable in coin mr. the nIeasnre
81 tne thsq States after fifteen years from the
quarterly IN com, at the rate OF Tour and half per
cent. per annum. "'" Pe'
1hird-Bonds to the amount of seven hundred
millions Of dollars payable IN con at the pleasure
OF the United States after thirty years from he ats
OF their issue, and bearing interest payable qrarter
ly in coin, at the rate OF four per cent per annum
Subscriptions to the loan will have preference,
after the above mentioned two hundred millions are
taken up, in the following order, namely:
First-Subscriptions Tor equal amounts Of each
Second-Subscrptions Tor equal amounts OF bonds
bearing interest at the rate OF four and hall per
zen and Of bonds bearing interest at the rate oil
,dhird-subscriptions for any five per cent. bonds
siassas may not be subscribed Tor ill the proceeding
to the remainder OF the $500 900 900
voin~ an .ud U.s., which are unconditional are
snhocr 80 inc ponds will be issued to the
who can receive scrip Certificate in adj
;;e .nsy aesre to pay their gold or exchange
non form a. once In the registered or eou-
pom iotm. registered bonds will be Issued of tha
n o0n and OF w. $780, $780, co., 5000 and
xioooo, ana coupon bonds OF each denominstion ex-
cept the last two The interest will be pavaba in
the United States at the office of the Treasnrep ~,
assistant Treasurer or designated depositarv ~ h
sy May Angus and escs OF Febru
The bonds OF the several classes Aforesaid and tbs
interest thereon are exempt from the payment OF al
taxes or dues OF the United States as we'll as from
taxation in any form by or under State, municipal
| or local authority.
Amer maturity, the bonds last issued will be frs
mated by the Secretary Of the Treasury.
The reduction Of the public debt since the close
the war OF the rebelli IN, and the relief at the sam
time, to the annual burden Of interest, are as fol
| lows:
Principal of debt 1885, ............$2755 935, 81
Paid under johnson. ............... 264,596,37
Principal, March 4, 1869. 81, 4s1 1896, 90
Paid under Grant. ................... 223 083, 81
Present public debt: ,sI6, 2s
Interest charge, 1865 ............... 151 ,83205
Reduced in four years by payments and
/ iunulng .......... 25,42 5O
Interest charge, 1862 ............... s126 9o5l
| Reduced in two years by payments.,., 1905, 99t
Present interest charge. ,.........s ia, sse, So
The proposed further reductions of the an
nual interest charge upon the public debt b,
the funding, is as follows:
By exchange Of $500 100000 U. ST. per
cenIS IOr new per cents OF 1851 ......y 5000 100
| By exchange of $500, OO0, 900 U. s. 6 per
cents for A per cents OF 1885, ......... 1850 0C
By exchange OF 500 900 900 U. 8. 6per
cents for per cents Of 1901. ........ IA, 900 0C
Total saving per annum by rounding. $23, SOC, OF
The whole proceeds of the new loans will BIZ al
piled to the payment or redemption and cancellatio
| OF the $40 years six per cent. bonds and in add
ton TO these proceeds, the 5-20s are now being r.
| month. &C NORVEIL.
In charge Of advertising United States loans.
TREASURY OFFICE, NEw-YoRK, April Is.
LOAN AGENTS IN NEW.ENGLANI
BOSTON, MASS.
Blake Brothers. Kidder, Peabody &
| Brewster, Sweet & Co. Lee, Higginson q Co,
| Beck Brothers. Page, Richardson & C.
| Foote & French. Spencer, Villa & Co,
| Head & Perkins, Stone & Downer
| Hubbard, Brothers q Co. Walker & Merriam.
Tower, Giddngs q Torrey.
P. II. Blake, Bangor, Maine.
| 8. p. Burt, New-Bedford, Mass,
| George p. Bissell & Co., Hartford, Conn.,
Elton Banking Company, Waterbury,
H. H. Bunnel, New-Haven,
| E. s. Scranton & Co.. New.Hayen
| aprl7e0d9t