New-York tribune., 1871-03-30
NEW LOAN OF THE UNITED srATEs-MPoRrANT CIR
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NEW LOAN OF THE UNITED srATEs--pPOErANT CIR
Treasury DEPARTMENT,
WASHINGTON, Feb. y. 1871.
Public notice is hereby given that books will be
opened on the 9th day of March next, in this couf,
try and IN Europe for subscriptions to the National
All Act 20 authorize the Refunding OF the National
Debt and the act in amendment thereof, approved
Jan. 20, 1871.
The proposed loan comprises three classes Of bonds
namely:
First: Bonds to the amount of five 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 coin, at the rate Of five per cent per annum
Second: Bonds to the amount. of three hundred
millions of dollars payable i'll 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 four and half per
cent per annum.
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-
tery in coin, at the rate of four per cent per
Subscriptions to the loan will have preference in
the following 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 of each
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 hye
Fourth Subscriptions for any five per cent bonds
that may not be subscribed for III the preceding
classes. -,
When subscription is made the subscriber will
be required to deposit two per cent OF the amount
thereof in coin currency OF the United states, OF
in bonds of the class to be exchanged, to be ae-
counted 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 known as FIVE
TWENTY BONDS, at their par value. -
The coin received in payment VIII De appned 20
the redemption of fve-twenty bonds and the debt
of the United States will not be increased Dy tnis
loan. -, III, .o.,
pons as may be desired by subscribers. Registered
bonds will be issued of the denominations OF 800,
SlOO $500, 81, 600, 5000 and $1,000; and coupon
bonds of each denomination except tne tast TWO.
The interest will be payable in the United states, at
the office of the Treasurer any Assistant treasurer,
designated depository OF the Goverqment, 9,st 9ut
terly, on the first days of February, May, August,
and November, in each year. Nh,
The bonds of the several classes aforesaid and the
interest thereon, are exempt from the payment Oh
all taxes or dues of the United States as well as from
taxation in any form by or under State, municipal
or local authority. -, .
After maturity, the bonds last issued will be first
redeemed by classes and numbers as may be deslg-
mated by the Secretary Of the Treasury.
The bonds will be issued at the United States
Treasury, but the agents for the negotiation OF the
loan in Europe authorized to make arrangements
with subscribers for the transmission of the 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 subscrlp-
tions made.
tborzed to receive subscriptions, and subscriptions
NAV also be made at the Office of the Treasurer OF
the United States, Of any Assistant treasurer or
the Designated Depostaries at Buffalo, n. Y. Chi
cago, ILL.,; Cincinnati Ohio; Louisville, n.y.; Mobile,
Ala, and Pittsburgh, Penn.
=. S.-This Department and its own Loan Agents
are now ready TO receive the United States Five
Twenty Bonds and to pay the gold interest thereon
to Nav l. from which date the new bonds VIII bear
interest scrip certificate calling for the bonds on
the 1st MAY will be issued at once i'll exchange for
the old bonds GEO. s. boutwell,,
Secretary of Treasury.