New-York tribune., 1871-05-30

gan 20 ISL and is redeemabe at the pleasure OF tGe
United States after the lst DAY OF Nay a States On
coin of the standard value of the Unted STATES un
said July a. 1870, with interest IN sucn com, nUii @
the day of the date hereof at the Tate oi rh t
GENTEMF per annu Nap paSap,e and November in
each year. The principal and interest," are eAenip.
from the payment of all Taxes or Dntes OF the
United States, well as from taXatl0n IN any ioI'
Inv or under State municipal, or local authority.
WASHINGTON, ..-......., TO-.
Entered ........ Recorded .......
Register of the Treasury
Registered bonds will be issued of the denomna-
nations of $50 $780, $780, 81 600, 5000 and SlOOOo
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 OF designated depository OF the Govern
ment, quarterly, on the First days of February,
Nav, August and November in each year. The
interest on the Registered stock of this loan. 1t
is determined by the Treasury Department, lsee
Circular below, will be paid as conveniently to
the holder as on the Coupon stock, and personal
attendance, OF attendance by proxy at the Treas
ury, to draw and receipt for the Interest will be
dispensed with, Whenerr the check Of the United
States Treasurer mailed punctudly 10 the address and
order of each holder on or before erey quarerddy Is
preteyred to such attendance This check, payable IN
Gold Coin at the Treasury in NewYOrk (Or such
other office as the stock is registered att, will be ne
gotiable or collectabe on the Endorsement OF the
owner or owners of the Stock In pursuance OF this
arrangement the subscribers to or purchasers Of
the stock in its registered form (Which is complete
protection against theft other losses incl
dent to Coupon Bonds payable to bearer are advised
to give their Post Office address in full and TO notify
of any change in the address between quarterdays.
The whole proceeds of the new loan will be applied
to the payment or redemption and cancellation of
the $40 years six ID cent bonds, and in addition TO
these proceeds, the 5-20s now being reduced by
purchase at the rate of S10,000,0OO per month.
The entire effect therefore, of the New Loan, IN
connection with the existing Sinking Fund process
of the Treasury is to reduce both Principal and In
terest of the Public Debt of the United States The
Loan creates additional supply Of Government Stocks
while the application of the surplus revenues derived
in Gold from Customs is constantly lessenng, as 1t
has been doing for two years past, the Funded
Stocks bearing six - cent Gold Interest
The 1st of May schedule of the Public Debt which
has Just been published by the Secretary of the
Treasury shows a reduction in these Stocks since
the April schedule of Sl2,25,7OO, and further less
ening of the yearly interest charge thereon OF S'3
90 This leaves the total yearly interest charge In
Gold Sl1l 982 O34. In the same month the Treasury
paid and Cancelled S2,47O,0oO of the Three (. Cent
ing interest to S5l G23 0OO and the yearly interest
charge thereon to Sl,537flO
The proposed further reduction of the annual in
terest charge upon the Public Debt by refundlng Is
BY exchange Of s5OOooO,OOO United States six
By y' exchange Of ssocOocCOo United States six
cents for four and haf per ceas sts,S ol lsI i"
per cents for four per cents OF 1901 ...4,oooo
Total saving per annum by refundng .s23, 100000
The large and rapid accumulation IN the last few
years of private capital now retired from active busi
ness, and of the cash Savings ana Lie Insurance.
premiums deposited with or lntrusted to the proyl-
dent institutions of the cOuntry-all seeking the
most undoubted security pledged to be kept free OF
all taxes under national or local authority and con-
rent provided this object be assured, with moderate
rates Of nterest-wil no doubt ultimately absorb
so much of these new stocks as may not be
taken in voluntary O nSea NorSE S1ateS '
0r In Char charge of of United States Loan Advertising
Treasury once. New-York. May 2. 1871.
TREASURY DEPARTMENT, LOAN DIVISION. Maylb, 1871.
Ii has been determined by the Department to pay
the interest on the registered stock of the new Loans
acts July H. 1870 and JAM 90 1S1 by cheek, 10 the
order of the party in whose name the stock Is regis
tered and the check will be transmtted Dy mai 10
the address of the holder; when furnished 9ther.
wise, it will be sent to the care OF tne Assislao
Treasurer OF depository where the interest Is 10 DC
paid. A. r.uor.,,or+
to transmit these checks by mall that an par.les
subscribing TO the new Loan, or having transfers
made to them, will furnish their correct Post-oDcs
address, and adrise the Department Of any change at
least fifteen days before interest days ,.,
During the fifteen days Immediately preceding me
interest DAYS Feb l. May |, Aug. !, ana Nov. l. tue
transfer books will he closed for the purpose OF pre-
noring the checks IL the stock not presented tor
transfer previous to the closing the interest vi De
declared to the person to whom the transferred Ger
tifcate was issued and the assignee must look 10
that party for the accrued interest to which he may
be entitled. f...ol
The new certificate issued upon transfer OF stoeh
will hear interest from the first day of the quarter
wear in which such transfer is made, and Will ihNa
yiably be returned to the party who forwarded tne
assigned certificates by mail, unless otherwise di
| rectcd. .--.:,t ,ar .b a
Checks issued in payment of interest VIII bear the
following Endorsement; This check Is payable on
nresrntation properly ndorsed, at the office oil tho
Treasurer nj Washington the Assistant Treasurer Ut
Boston New-York Philadelphia, Baltimore, Charies,
ton New Orleans St Louis or San Francisco OF tno
| designated Depository at Buffalo, Chicago 'lh'in
| uati Louisville Mobile, or Pittsburgh - ~.
should any checks be returned TO the DeRai.n,
as rncalled for they will he held by the lrease %
of the United States subject to the oruer VI tno
| plyee. OEo' - poo i""'
THE BURLINGTON CEDAR RAPIDS AND MINI ,' f,"i -, 9
| RIuRoAD of Iowa is now, in the duilest seaso" VI
| the year earning more than IL per cent he' oii '
] amount of its mortgage Obligations; r. .;,,, .,
It's Der cent gold bonds equal ior s cuiS w
| Governments or any Railroad issue. ll,t ' Su,,
| nand a ready market, and we are prepneu w p"S
| and sell them at all times .,, oo,.I
| No investment in the market, possessus ouu',
guarantees of safety returns an eIuai percentage vi
interest. ,o.- 49,. x;,.,, n
The Chicago, Burlington and Quincy has gwen