Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1871-03-24
New Loan Of the United states.
IMPORTANT CIRCULAR.

TREASURY DEPARTMENT.,

Public notice is hereby given that books viii be
opened ON the 9th day Of March next in this country
and In Europe, for subscriptions TO the National Loan
under tho act approved July H. 1870 entitled TAn Act
to Authorize the Refunding Of the National Debt
and the act in amendment thereof, approved January
30, 1871.
The proposed loan comprises three classes Of bonds
namely:
First. Bonds to the amount Of Ave hundred mill
ons 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 1--WE per cent per annum.
Second. Bonds to the amount Of three hundred mil
Hons OF dollars payable in COIN at the pleasure Of the
United States after fifteen years from the date Of their
ISSUE and bearing interest payable quarterly Ia COIN
at the rate Of four and half per cent per annum.
Third Bonds to the amount Of seven hundred mil
lions Of dollars payable in coin, Mt the pleasure Of the
United States after thirty years from the date Of their
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 Ave
per cent bonds to the amount OF two hundred millions
OF doars Of which there will be reserved for twenty
days half 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 hve per
cent
Fourth. Subscriptions for any Ave per cent bonds
that may not be subscribed for In the preceding
classes.
When subscription is made, the subscriber will be
required to deposit two per cent OF the there
Of In coin or currency of the United States, in
bonds of the class to be exchanged TO be accounted
for by the Government when the bonds are delv-
cred; and payment may be made either in coin or in
bonds Of the United States known q FIvE-rwEHrY
BONDS at their par value
The coin received in payment will be applied to the
redemption Of FIVE twenty bonds and the debt Of the
United States will not be increased by this loan.
The bonds will be registered issued with coupons
may be desired by subscribers Registered bonds
will be issued Of the denominations of $780, $780, $780,
0OO 50 900, and 100000 and coupon bonds Of each
denomination 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, quarterly on the first
days of February, May August and November, in
| each year.
The bonds Of the several classes Aforesaid and the
interest thereon, exempt from the payment Of all
taxes dues Of the United states well from tax
alton 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, may be desis.
| mated by the Secretary Of the Treasury.
The bonds will be issued OF the United States Trea-
sury but the agents for the negotiation of the loan
| 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 ne
bonds Of the agents with whom the subscriptions are
| made.
In the United States the National Banks are author
lied to receive subscriptions, and subscriptions mn
also be made at the office Of the Treasurer of the
United States Of any Assistant Treasurer or the
Designated Depositaries at Buffalo, N. Y; Chicago
Ill Cincinnati, Ohio; Louisville Ky Mobile, Ala.
and Pittsburg Penn.
| p S.-This Department and its own Loan Agents
ready to receive the United States Five-Twen
ty Bonds and to the gold interest thereon to MAY
| l, from which date the new bonds will bear interest
scrip certificate, calling for the bonds the lat
May, will be issued at in exchange for the old
bonds. GEORGE $. BOUTWELL,,
| Secretary Of Treasury.