The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-03-09
FINANCIAL.
NEW LOAN OF THE UNITED STATES.
IN IMPORTANT CIRCULAR
TREASURY DEPARTMENT.,

M
ooa ruoho nouSen ice nereny given that books win be
country and Ia Europe, for subscrptions to the Ma
lonal Loan, under the act approved July IA, 1870,
National Debt" and the act in amendment thereof.
approved January 20, 1871.
The proposed loan comprises three classes of
First. Bonds to the amount of Eve hundred mil.
lions of dollars, payable in coin at the pleasure OF
the United States after ten years from the date of
their issue and bearing interest," payable quarterly in
Second Bonds to the amount OF abrea
millions OF dollars, payable in coin, at the pleasure
a, sne un,eq ,. states, ster sIteen years from the
quarterly IN coin, at the rate Of four and half per
Third. Bonds to the amount of seven hundred
millions OF dollars, payable in coin at the pleasure
OF the United States after thirty years from the date
Of their issue, and bearing interest PAYABLE quar-
terry in coin, at the rate of four per cent. per
annum.
SUBSCRIPTIONS to the loan will have preference in
the following order, namely
First. subscriptions that may be first made for I've
per cent. bonds to the amount OF two hundred mill
lions OF dollars Of which there will be reserved for
twenty days. one half for subscribers in this country
and one-half for subscribers in foreign countries
class OF bonds.
Third. subscriptions for equal amounts Of bonds,
bearing interest at the rate OF four and half per
cent, and of bonds bearing interest at the rate OF
five per cent
Fourth. Subscriptions for any five per cent bonds
that may not be subscribed for in the preceding
classes.
Mnen aBuDSCTlptl0n lB MADE the 6uDgCriber 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 to be exchanged to be ac-
coubted for by the Government when the new bonds
are delivered and payment may be made either in
coin or in bonds Of the United States kno Wn as
FIVE TWENTY BONDS, at their par value.
The coin received In payment will be applied to the
redemption OF 30 bonds, aud the debt OF the United
States will not be increased by this loan.
The bonds will be registered or issued with cou-
pons, as may be desired by the subscribers. Regis
red bonds will be issued Of the denominations OF
and
bonds of each denomination except the last two.
The interest will be payable in the United States at
or Designated Depostary Of the Government, quar-
terly. on the first days or February May, August,
and November in each year.
The bonds OF the several classes aforesaid and the
interest thereon, are exempt from the payment of
all taxes OF dues OF the United States, as well as
from taxation in any form by or under State, num-
cipal, or local authority.
After maturity the bonds last issued will be first
redeemed, by classes and numbers, may be de-
signated by the Secretary OF the Treasury.
The bonds will be issued at the United States Trea-
sury 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 subscriptions may be received
Subscribers in the United States will receive the
new bonds Of the agents with whom the subs ;rip-
tions are made.
In the United States the national banks are autho
rzed to receive subscriptions, and subscriptions may
also be made at the office OF the Treasurer OF the
United States or OF any Assistant Treasurer or the
designated depositaries at Buffalo, N. Y; Chicago
H.: Cincinnati. Ohio; Louisville, KY; Mobile, Ala,
The following banking houses are also authorized
to act as agents in receiving subscriptions in the
United States VIEW NEW YORK CITY
Austin, Baldwin s. Co., James G. Kings Sons,
Baker Kitchen, Kountz Brothers,
A. Belmont Co., Leonard, Sheldon Fos-
Blake Brothers Co., ter,
Brown Brothers & Co., Maitland, Phelps & Co.,
Bulge Schif& Co, Marx & Co., '
Cecil Stout & Thayer, Morton, Bliss & Co.,
John j. Cisco & Son, P. M. Myers & Co.,
Clari e, Dodge Co., George Opdyke & Co.
Henry Clews Co., E. ID. Randolph & Co.,
Jay Cooke & Co., heid, Leo & Content
Thomas, Denney Co., Security Bank,
Drexel, Winthrop Co., J. W. Seligman Co.,
Duncan, Sheridan & Co. Soutter q Co.,
FISK Hatch, Edward Sweet & Co.,
Frank Cans, Moses Taylor & Co..
Gibson, Casanova & Co., Trevor Il Colgate,
Glenfinning, Davis & Turner Brothers,
Amory, Union Trust COMPANY
Hatch Foote, Van sehaick Co..
w. Il. Hatch & Son, Vermillye & Co.
Edward Haight. L. Won HOFFMAN & Co.,
II. A. Heiser's Sons, Wells Fargo & Co.,
Howes Macy, lDabney, Morgan & Co.,
Winslow Lanier a Co.
PHILADELPHIA.
Barker Brothers & Co., Henry L. Fell & Bro,
H. Borle, Gaw Bacon & Co.,
C. CambloS & Co., lGlendinnnp Davis Co
W; Clarke Co., w. H. NeWbold, Son &
Jay Cooke Co., Aertsen,
De Haven Bro, W. Painter Co.,
DreXel & co. Sailor & Stevenson,
Elliott, collins & Co., ID. G. w. Smith Co.
Emory, Benson 90: Townsend Whelen & co.
PITTSBURG.
James T; Brady s Co., Masonic Deposit Savings
ns,,vs s. McGlean Co.
PENNSYLVANIA.
Altoona Kerr Co.,
w. NJ Lloyd IL Co.
Bedford-Reed Schel
INSTRUMENTATION Il. Reynolds & Co.
Chambersburg-Austin, Elder s. Fletcher
Doylestown-J. Hart Co.
Ebensburg-Loyd & Co.
Franklin-R. Lamberton.
Greensburg-Lloyd, Hun Co.
Harrisburg-Dauphin Deposit Bank.
Dougherty Brothers x Co..
Mechanics Bank.
Lancaster-Evans, McEvoy Co.,
Reed MeGrann d Co.
Meadvillle-J. X. Dick Co.
oil Cty-On City Savings Bank.
Renovo-R b. Caldwell & Co.
Scranton George Sanderson & Co.
Sharon. Bleakley, Son Il Co.
SOmerset-Schell Kimme
Titusville-Farmers' and Mechanics Bank.
ToWanda-G. +. Mason & Co.
Pomeroy Brothers.
TyTone-Lloyd, Caldwell x Co.
Washingt0n-Samuel HaZlett
West Chester-Kirk, McVeagh & Co.
Wilkesbarre-A. II. Emley.
L. V. ROckafellow.
GEORGE 3. BOUTWELL,,
Secretary OF the Treasury.
PROGRESS OF REDUCTION OF PUBLIC DEBT
OF UNITED STATES.
Maximum DEBT al elose% Present Out
War Debt Last Adainis. standing
July 3d. 1865 traitor 30 Maro" Deb, ga,r M4roh
Flve-twenty
per Ct stocks ssOe 500 1sO2 $50 1494 300
Other six per
cent. stocks. 902 30l 042 2S367T400 2S3 679, 100
Tenforty i've
per centstock 179,T7o,1OO 1S4667,sOO 104,6e7,sOO
Other nVe per
cent. stock: 91oas.OOO 2TO22,oeO 9o.eOO,OoO
Three-yt ar 780
per cent.
notes ........ $50, ,000, 900