The Portland daily press., 1871-05-06
SPECIAL NOTICES.
~ NEW LOAN OF THE UNIFIED STA no,

The subscriptions to the New Five Per Cent STOCK
of the United States now amount to about 800 900
They are confidently expected to reach OOOOO0OO
by the time the New Bonds are ready tor eliverv in
May. The proposals of the Secretary of the Treas
ury will then be changed to the following program
First-Bonds to the amount of three hundred mil |
lions OF dollars. payable in coin, at the pleasure of
the United States, liter ten years from the dale Of
their ,ssue, ard bearing interest, PAYABLE ouartarlv
in coin, at The tate OF five per cent. per annrm.
Second.Bonds to the amount Of three hundred
mloDs OF dollars, payable in coin, at the nea sre
OF the United States. after fifteen wears tr"m the
date OF their ISSUE and bearing interest navahle
quarterly in con at the rate OF TOUR and hall Der
1hnd-Bonds to the amount of seven hundred
millions Of dollars, payable in coin, at the pleasure
OF the United States, after thirty years from the date
OF their issue and bearing interest payable orartfr
ly in coin, at the rate OF four per cent per annual
Subscriptions to the loan will have preference
after the above mentioned two hundred mjlIions ara
taken up, in the following order, namely;
Neutrality-suspicious. TOR equal amounts Of each
Second-Subscriptions for equal amounts ot bonds
bearing interest at the rate OF four and half Der
cent. and 81 bonds bearing interest at the rate OF
Third-Snbscrpions for any five per cent. bonds
that may not be subscribed for i'll the preceding
classes.
Subscriptions to the remainder Of the 5000 900 900
OF hve per cents, which are unconditional, are
going on, ard the bondswill be issued 10 the
subscribers, who can receive scrip certificate in adj
vance, they desire to pay their gold or exchange
United States 520s at once. in the registered or co-
| pom form. Registered bonds will be issued of tho
deDominat ons of $50 500, $500, $1,000, $5OOO and
| cept the last two. The interest will be payahe in
the United States at the office of the Treasurer any
assistant Treasurer or designated depostary Of the
ary. May, Angus and November, In each year ri
The bonds OF the several classes aforesaid and the
interest thereon are exempt from the payment Of all
taxes dues of the United States as we'll as from
taxation in any form by or under State, municipal,
or local authority. ,-rr.r - - =
| Affair no n ha 1osf = a..
redeemed, by classes and numbers as NAV be desie-
mated by the Secretary o.. the Treasury.
The reduction of the public debt since the close oil
the war the rebelli and the reef, at the same
time, to the annual burden of interest are as foI
lows, q. 800. An
PIi1cipal Of debt IsG5 .$2 755 se5 q.
Principal. March 4, 1869. ....... 81. 491 500 SOL
Pail under Grant ............. 223. OS3 Ga;
Present public debt. 81, 2ss,sl %
Interest charge, 1850 Observation-Disclosures. 151 O5
Reduced in four years by payments and
lunuihg 25, 442 80
Interest charge, 1862 ............... $126 1883 So
Reduced In two years by payments. 12o52,9s
Present interest charge. ............S 1143s6, So
The proposed further reductions of the an
nual interest charge upon the public debt by
the funding, is as follows:a 8 EeE
By exchange Of $500, OOO, 900 U. SO per
cents for new per cents of 1881. ......$ 5000 90
By exchange of 100000 900 U. S. per
cents for a per ceuts OF 1886. ........ 45OO 90
By exchange OF S7OO, 900 900 U. S. 6 per -
cents tor per cents Of 1s01....."..., 100000
Total saving per annum by refunding.. $2s, 500 90
The whole proceeds of the new loans will be ap
piled TO the payment or redemption and cancelati0
| OF the 20 years six Der cent. bonds, and i'm add
ton TO these proceeds the $50. are now being rt
| duced by purchase at the rate of $i0,0G0OOO De
! | month. &C NORVELI.
In charge OF advertising United States loans .,-'
TREASURY OFFIoE, NEW York, April IS.
LOAN AGENTS IN NEW.ENGLANU
, i BOSTON, MASS. ltgA
Blake Brothers. Kidder. Peabody & G.,
Brewster, Sweet d Co. Lee, Higginson & Co.
| Beck Brothers.. fg- as a. Page, Richardson & CT
Foote q French. a - " Spencer Villa & Co.
|, Head q Perkins, Stone a. DoWner
Hubbard, Brothers & Co. Walker & Merriam
RI g,-.- Tower, Giddings q Torrey.
8 e.. p M. Blake, Bangor, Maine Eits# er8If.
Ill S. P. Burt, New BedloId, Mass.
i George p. Bissell & Co., Hartford, Conn,
81 Elton Banking Company, Waterbury,
H. ii. Bunnel, New-Haven,
E S. Scranton g. Co., w-Haven, NJ
i apr17eod9t - 30 = s&5s So a'tal as "a