The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-03-06
FINANCIAL.
NEW LOAN OF THE UNITED STATES.
IMPORTANT CIRCULAR.
TREASURY DEPARTMENT.
WASHINGTON. February %. 1871

WASHINGTON, February %. 1871.
Public notice s hereby given that books will be openea
the sixth day Of March next this country and in
Europe for subscriptions to the National Loan under
the act approved July H. 1870 entitled AN act TO author
ize the Reundng of the Natione Debm and the act iu
amendment thereof, approved January 20 1871
The proposed loan comprises three classes Of Bonds
namely
First Bonds to the amount Of five hundred millions
dollars, payable in coin at the pleasure of the initial
states after years from the Of their issue and
bearing interest payable quarterly in con at the rate Of
five Der cent per annum.
Second Bonds to the of three hundred ilions
of drs payable in coin at the pleasure Of the United
States after fifteen from the date of their ISSUE and
bearing interest payable quarterly Ia con at the rate OF
four and half per cent per annum.
Third. Bonds TO the amount Of hundred millions
of dollars payable in coin at the pleasure United
States after thirty from the date of their ssue ana
bearing interest payable quarterly cou at the rate 81
four per cent. annum.
Subscriptions to the loan will preference in the fol
lowing order, namely
First Subscriptions that may be first made for five per
cent bonds to the amount of two hundred millions of
dollars of which there will be reserved for twenty
days one-haf for subscribers in this country and ONE
half for subscribers in foreign countries.
Second Subscriptions for equal amounts each case
of bonds
Third Subscriptions for equal amounts of bonds bear
ing interest at the rate of fourand aha per cent and
of bonds bearing interest the rate of five per cent
Fourth Subscriptions for any five cent bonds that
When subscription is made, the subscriber win he re
quired to deposit two cent OF the amount thereof I'm
coin currency of the United States bonds of tho
Glars to be exchanged to be accounted for BY
ment when the new bonds delivered; and payment
may be made either in coin in bonds of the Unted
States known as FIVE-TWENTY BONDS, at their mar
value.
The coin received in payment will Le applied to the re-
dempon of 5~2O bonds and the debt the United states
will not be increased by this loan.
The bonds will be registered issued with coupons an
may be desired by the subscribers Registered bonds win
be Issued of the denominations of $50 $780, S50O lOo
5000 and $1OOO and coupon bonds of each denomina
lion except the last two The interest will be payable I'm
tho United ntatep at the Office of the Treasurer anv A.
ssant Treasurer Designated Depository of the Gov
ernment quarterly. the first days of Fe5ruary Nav
August and November in each year.
The bonds Of the several classes aforesaid and tho I'm
thereon exempt from the payment of all
dues of the United States, well from tax q,
any form by under State municipal local authorv
After aturity the bonds last issued will bo 6rst ra
deemed by classes ard numbers, may be deignated
by the Secretary of the Treasury.
The bonds will be issued at the United States Treasnrv
but the agents for the negotiation Of the loan in EuroDe
authorized to make arrangements with sub crbera
for the transmission of bonds to the agents thronsh
" hom subscrip tons may be received,
Subscribers in the United States win receive Tho nan
bonds Of the agents with whom the subscriptions arc
made.
In the United States the national banks are autbora
TO receive subscriptions and subscriptions NAV aso h
made at the Office of the Treasurer of the United
or assistant treasurer the designated
Buffalo. N Y. Chicago. ILL.,; Cincinnati. Ohio; Louis
Vile, KY Mobile, Ala, and Pitsburg Pa.
The follow ing banking houses are also authorized %
agents in receiving subscriptions in the United
States, viz,