New national era. [volume] (Washington, D.C.) 1870-1874, 1871-05-04
NEW LOAN OF THE UNITED
STATES.
TREASURY DEPARTMENT,
w SuINcrnN Enhrunru DC L

| WASHINGTON, February Is, 1871.
Public notice is hereby given that books viii
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 coin, at the rate of
| five per cent. per annum.
Second Bonds to the amount of three hun.
dred millions of dollars, payable in CON- 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 hun
dred millions of dollars, payable in coin, at the
pleasure of the United States, after thirty years
from the date of their issue and bearing in
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. Subscrip tions 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, 'or twenty days, one half for sub
scrbers 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 mt 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.
When subscription is made the subscriber
| rpuulrpI IN tuN IF no
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 FIyE-TwENTY
BONDS, at their par value. The coin received
in payment will be applied to the redemption
OF fyetwenty 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, $500, 81 900, $4,000,
and $4,000; and coupon bonds ofeach denomi.
nation except the last two. The interest will
be payable in the United States, at the office of
the Treasurer, any Assistant Treasurer, or
designated depository of the Government, quar-
tery, 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, are exempt from the
payment OF all taxes dues to 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, rs may
| be designated 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 are authorized to make
engagements 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
| scriptons are made.
In the United States the National Banks are
authorized to receive subscriptions and sub
| scriphons may also be made at the office of the
! Treasurer of the United States, of any Assist
ant Treasurer, or at the Designated DepOsitares
at Buffalo, N. Y; Chicago, H.; Cincinnati,
Ohio; Louisville, Ky; Mobile, Ala; and Pitts
| burg, Penn.
| The following banking houses are also author
| lzed to act as agents in receiving subscriptions
| IN the United States, VIZ:
NEW YORK CITY.
| Austin, Baldwin a Co. James q. Kings Sons.
! Baker Il Kitchen. kountZe Brothers.
A. Belmont Co. Leonard Sheldon
! Blake Brothers & Co. Foster
Brown Brothers & Co. Maitland, Phelps & Co.
| Bulge. SChtf Il Co. Marx 4 Co.
Cecil, Stout Thayer. Morton, Bliss & Co.
John j. Cisco Son. =. NJ. Myers Co.
| Clark, Dodge Il Co. George Opdyke 4 Co.
Henry ClewS Il Co. f. ID. Randolph x Co.
Jay Cooke ~ Co. Reid, Leo d Content.
Dabney, Morgan q Co. Security Bank.
Thomas Denny Il Co. J. Il W. Seligman & Co.
DreXel, Winthrop a Co. Kuyn, Loeb q Co.
Duncan Sherman 4 Co. Soutter Il Co.
Fisk Il Hatch. Edward Sweet & Co.
Frank X Cans. Moses Taylor & Co.
Gibson, Casanova q Co. Trevor a. Colgate.
| Glendnning, Davis d Turner Bros.
Amory. Union Trust Company.
Hatch ~ Footc. Van Schaick & Co.
W. T. Hatch Il Son. Vermlye Il Co.
Edward lIaight. l.. Won Hoffman & Co.
III. A. HeiSer's Sons Wells, Fargo Il Co.
Howes Macy. Winslow, Lanier & Co.
Baltzer Taaks.
WASHINGTON, d. c.
Jay Cooke Co. Middleton q Co.
FAINT, Washington & Co. Riggs & Co.
NASHVILLE, TENN.
Peoples Bank.
GEORGE S. BOUTWELL,,
mhl6'1t Secretary Of the Treasury.