Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-04-18

NEW Loan S OF THE UNITED sTATEs-I9e suih,cTp;
States now amount 10 about so ooc Tbey are con
IDENTIFY expected to reach 5000 900 by the time the new
bonds ready for delivery in May. The proposals of
the Secretary OF the Treasury will then be changed TO
Firs-Bonds to the amount of three hundred millions
ofdoar 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
Secoad-Bonds 10 the amount of three hundred mil
United States after fifteen years from the date of their
issue and bearing interest payable quarterly in COIN at
Third-Bonds to the amount Of seven hundred mil
lions Of dollars PAYABLE in coin At the pleasure Of the
ISSUE and bearing interest," payable quarterly in COIN at
the rate Of four per cent per annuIn .s,. oO..
the aforementioned two hundred millions taken up
in the following order namely
FtTst-Subscrptons for equal amounts Of each class Of
bonds.
bearing interest at the rate Of uur and half per cent
and of bonds bearing interest the rate of Ave per cent
for any five per cent bonds that
may not be subscribed for in the preceding classes.
subscriptions to The remainder of the 600 Of
five per cents which are unconditional are now going
on and the bonds will soon be issued to the subscribers
who can receive scrip certificate, in advance II they
desire to pay their gold exchange United States Os
AT once. in the registered coupon form Registered
bonds Will be issued Of the denominations of $50 $780,
nomination except the last two The interest will be
payable in the United States the office of the Treas
ruary, May, August and November in each year.
terest thereon, are exempt from the payment of all
taxes dues of the United States well from
ton in any form by or under State, municipal local
authority.
After maturity the bonds last issued will be first re-
deemed, by classes and numbers, may be des naed
by the Secretary OF the Treasury,
The reduction of the public debt since the close of the
war OF the rebellion and the RELIEF at the time
the annual burden OF interest. are as follows:
Principal Of debt, 755 1896 275
Paid uncer johnson 2t5,595,57
Principal. March l. 1862 ,4si, s99 sOl
Paid under Grant. 223OS3,67S
Present public s. 268 8iG,28l
Interest charge, I5l,sS2 O5l
funding 25,442,59l
Interest charge 1869. .sl26, $50 $50
Reduced in two years by payment. l2,O5299S
Present interest charge STA 3S655l
The proposed further reduction of the annual interest
BY exchange Of $500 GOO 900 United states six
per cents for five per cents of 1881. S500O000
BY exchange of $500 10000 United States six
By exchange OF S7O0,0OOO00 Unitel States six
per cents for four per cents OF l90l..... 100000
Total saving per annum by refundng S2S 5OOO 900
The whole proceeds OF the new loans will be applied
to the payment redemption and cancellation Of the
proceeds the $40 being reduced by purchase at
the rate of SlO,OOO,OOO per month. G. c. NoRvELL
In charge Of advertising United States loans.
TREASURY OFFICE, NEW YORK, April Is.
LOAN AGENTS IN NEW ENGLAND-BosTON MASS.
Blake Brothers. Ridder Peabody Il Co.
Brewster, Sweet y Co. Lee, Higginson IL Co.
Beck Brothers. Page, Richardson & Co.
FOote Il French. Spencer, Villa d. Co.
Head d Perkins. Stone 4 Downer
Tower, Giddings & Torrey.
J.. NJ. Blake, Bangor Maine.
). Z. Burt, New Bedford Mass.
George p. Bissell Co, Hartford. Conn.
Elton Banking Bg Company, Waterbury,
f. II. Bunnell, New Haven,
i. S. Scranton Co., New Haven.
apis deOpat