New-York tribune., 1871-04-19

The snbscrItions 10 the New Five Per Cent stock
Of the United states row amount to about S6OOOOOUO
They are confidently expected TO reach ~2O,O1OOOO
by the time the New Bonds are ready for delivery in
Nav. The proposals Of the Secretary of the Treas
nry will then be changed to the following pro-
First: Bonds to the amount of three hundred mil
lions of dollars. payable in com, at the pleasure Of
the United States after ten years from the date or
their issue and hearing interest payable quarterly
i'm coin at the rate of five per cent per annum.
Sc oRd: Bonds TO the amount of three hundred
millions Of dollars, payable in coin, at the pleasure
of the United States, after fifteen years from the
date of their issue and hearing interest, payable
quarterly in coin, at the rate OF four and Aat per
cent per annum.
TRird: Bonds 10 the amount of seven hundred NIL
lions Of dollars payable IN con AZ the pleasure OF the
United States, after thirty years from the date Of
their ISSUE aud bearing interest, payable quarterly
in coin, AZ the rate of four per cent per annum
Subscriptions to the loan VIII have preference
after the aforementioned two hundred millions are
taken up, in the follow inq order namely;
First: Subscriptions for equal amounts OF each
class Of bonds .
Second: subscriptions for equal amounts of bonds
bearing interest at the rate OF tour ana a balI per
cent, and of bonds bearing interest al INC r"'c u
TEird: Subscriptions for any five per cent bonds
that may not be subscribed for III the pieoeuAne
classes. -, rooo nm ooo
Subscriptions TO the remainder Of the S2W,OOooO
of five per cents, which are uncondtlohal' are nov
going on and the bonds viii soon be issued 10 tIo
Subscribers who can receive scrip cerlhcate IN al
vance if they desire TO pay their gold or eAchause
United States 5-.0s at once IN the registered or
coupon form. Registered bonds viii be issued OF the
denominations of $50. 500, 500 Sl,UO So0Oo, ana
SlOO 600 and coupon bonds of each denoulDal0n eA-
cent the last two The interest VIII he payaDie III
the United States at the office OF the treasurer any
Assistant Treasurer designated 'depOSitary Oh le
Government quarterly, on thetlrst dayso foDruary
Nav August. and November, IN each year
The bonds of the several classes aforesaid ana III,
tercs. thereon are exempt from the payment ol an
taxes or dues Of the United States as well as IRON
taxation III any form by or under state muhielpA'
or local authority. .u, g..
redeemed, by classes and numbers, AS may DC uesis
mated by the Secretary of the Treasury. -. -.
The reduction of the public debt since the close Ok
the war of the Rebellion, and the relei, III the same
time to the annual burden of interest, are Us
follows: -
Principal OF debt, 1868 ,75S 9sS55
Paid under Johnson.-.........-.---.- 2ooo'o'Sti
Principal March T. .s2,49l $500.
Paid under Grant. 22Sos1'o''
Present public debt s2,?dsSl025l
Interest charge, 1868 ...........-.--.. l6lS2,Ooi
Reduced in four years by payment aud o,o,o,
lundns. s...--.-..--.-.-..'.'..''..--''' 1o''N''V'
Interest charge 1859 ................ $l9t 9t3s955o
Reduced in two years by payment. lAo2''S
Present interest charge. tltS6,NH
The proposed further reduction OF the anhuat
interest charge upon tine public debt by refundnS s
by exchange OF s5oooOoOo United States six ,.,.,
per cents for new five per cents OF ISL suNOoVo
BY exchange Of sOO.cooOo United states six ...
per cents for four and half per cents Of ls'o %ocO
BY exchange OF $7OO,0OO,Oo0 United states slk
per cents for four per cents Of 1901. NoOHo
Total saving per snnum by refunding 81, 10000
The whole proceeds OF the new loans wall be ai-
piled to the payment or redemption and cancellation
of the 520 years six per cent bonds, and III ADDITION
to these proceeds. the 5-20s are now being reduced
by purchase at tho rate of Sl0,0O0,00 per month.
G.. E. NORvEtL,
In charge OF advertising United States Loans
Treasury once, Ne,c York April l5
Dnnurra Y -Wanfnd a nOSlfIOn BOOhkerpor