New national era. [volume] (Washington, D.C.) 1870-1874, 1871-04-27
NEW loan OF THE UNITED
STATES.
TREASURY DEPARTMENT,


Public notice is hereby given that books will
be opened on the sixth day of March next, IN
this country and in Europe for subscriptions to
the National Loan, under the act approved July
IA, 1870, entitled An Act TO authorize the Re-
funding of the National Debt" and an act in
amendment thereof, approved January 20. 1871.
The proposed loan comprises three classes
of Bonds, namely:
First. Bonds to the amount of five hundred
millions of dollars. payable in coin, at the
pleasure of the United States. after ten years
from the date of their issue, and bearing IN,
terest, payable quarterly In com, ut the rate oil
FIVE per cent. per annum.
Second Bonds TO the amount of three huE
dred millions of dollars, payable IN com, at the
pleasure of the United States, alter hiteen
years from the date of their issue, and bearing
interest, payable quarterly in coin, ut the rate
of four and half per cent. per annnm.
Third. Bonds To the amount OF seven hun
dred millions of dollars, payable in coin, at the
pleasure of the United States, afler thirty years
from the date of their issue, and bearing m
terest, payable quarterly 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 he hrst 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 halt for sub
scribers in this country, and one half for sub
scribers 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
| a 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.
When a subscription is made the subscriber
will be required to deposit two per cent of the
amount thereof in coin currency of the Uni
| ted States, or IN bonds of the class to be eX-
! changed, to be accounted for by the Govern
ment when the new bonds are delivered; and
payment may be made either in coin or in bonds
of the United States known as the FIvETwENTY
BONDS, at their par value. The coin received
in payment will be applied to the redemption
of ive-twenty bonds, and the debt of the Uni
ted States will not be increased by this loan
The bonds will be registered or issued with
| coupons, as may be desired by subscribers.
Registered bonds will be issued of the denomi-
nations of 500, 500, 5000, 81 1000, $4,000,
and SO, 600 and coupon bonds ofeach denomi-
| nation except the last two. The interest Will
| be payable III the United States, at the office OF
the Treasurer, any Assistant Treasurer, or
designated depository of the Government, quar-
terly, on the first days of February, May, Au-
gust and November in each year
The bonds of the several classes aforesaid,
and the interest thereon, exempt from the
payment of all taxes or dues to the United
States, well as from taxation III 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 designated by the Secretary of the Treasury.
The bonds will be issued Mt the United States
Treasury, but the agents for the negotiation of
the loan in Europe authorized to make ar
rangements with subscribers for the transmits
sion 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 sub
| scrptiOns made.
In the United States the National Banks are
authorized to receive subscriptions, and sub
scrptlons may also be made at the office of the
Treasurer of the United States, or of any Assist
| ant Treasurer, or Mt the Designated DepOsitarles
at Buffalo, n. Y; Chicago, H.; Cincinnati
Ohio; Louisville, Ky; Mobile, Ala; and Pitts
| burg, Penn.
The following banking houses are also author
lied TO act agents in receiving subscriptions
| in the United States, viz.
NEW YORK CITY.
Austin Baldwin & Co. James G.. King Sons.
Baker & Kitchen. kountze Brothers.
A. Belmont 4 Co. Leonard, Sheldon x
| Blake Brothers Co. Foster.
Brown Brothers q Co. Maitland, Phelps Il Co.
| Budge, Schif n Co. Marx Co.
Cecil, Stout & Thayer. Morton, Bliss & Co.
! John j. Cisco Son. i. NJ. Myers Co.
Clark. Dodge a Co George Opdyke n Co.
| Henry Clews Il Co. T.. ID. Randolph Co.
Jay Cooke & Co. Reid, Leo Content.
Dabney, Morgan Co. Security Bank.
! Thomas Denny Co. j. ~ W. Schgman Co.
DreXel, Winthrop n Co. kuyn, Loeb Co.
| Duncan. Sherman Co Soutter X Co.
| Fisk Hatch Edward Sweet Co.
| Frank Il Cans. Moses Taylor Co.
Gibson, Casanova Il Co Trevor Il Colgate.
| Glendnning, Davis Turner Bros.
Amory. Union Trust Company
Hatch Il Foote. Van Setback a Co.
| W. T.. Hatch 4 Son Nermlye Il Co.
! Edward Ilaight. l.. Won Hoffman X Co.
II. A. lIeiser's Sons. Wells, Fargo ~ Co.
| Howes Il Macy. Ninslow, lanicr Il Co.
Baltzer & Taaks.
| WASHINGTON, u. e.
Jay Cooke x Co. Middleton n Co.
FAINT, Washington q Co. Riggs " Co.
| NASHVILLE, TENN.
Peoples Bank.
GEORGE s. BOUTWELL,,
| mh16-4t Secretary of the Treasury.