New national era. [volume] (Washington, D.C.) 1870-1874, 1871-04-13
NEW LOAN OF THE UNITED
STATES.
TREASURY DEPARTMENT,
WASHINGTON. February d. Is


WASHINGTON, February %, 1871.
Public notice is hereby given that books will
be opened on the sixth day of March next, in
this country and in Europe, for subscriptions to
the National Loan, under the act approved July
IA, 1870, entitled I" An Act to authorize the Re-
funding of the National Debt" and an act in
amendment thereof, approved January 20, 1871.
The proposed loan comprises three classes
of Bonds, namely:
First. Bonds to the amount of FIVE hundred
millions of dollars, payable in coin, at the
pleasure OF the United States, after ten years
terest, payable quarterly in coin, at the rate OF
i've per cent. per annum.
SECOND. Bonds TO the amount of three hur-
dred millions 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 in coin, at the rate
OF four and q half per cent. per annum.
1hard. Bonds to the amount OF seven hun
dred millions of dollars, payable in coin, at the
pleasure of the United States, after thirty years
from the date of their issue, and bearing IN
terest, payable quarterly in coin, at the rate OF
tour per cent. per annum.
subscriptions to the loan will have preference
IN the following order, namely:
First. Subscriptions that may be first made
for five per cent. bonds to the amount OF two
hundred millions of dollars OF which there Will
be reserved, for twenty days, one-half for sub
scribers in this country, and one half Tor sub
scrlbers 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 ana
| a half per cent. and of bonds bearing interest
at the rate Of Eve per cent.
Fourth. Subscriptions for any live per cent.
bonds that may not be subscribed for In the
preceding classes.
When a subscription is made the subscriber
| will be required to deposit two per cent OF the
| amount thereof in coin or currency OF the Uni
| ted States, or in bonds of the class to be ex-
changed, to be accounted for by the Govern,
| ment when the new bonds are delivered; and
| payment may be made either in coin or in bonds
of the United States known as the FlvETwENTY
BONDS, at their par value. The coin received
| in payment will be applied to the redemption
of ive-twenty bonds, and the debt OF the Uni
ted States will not be increased by this loan.
coupons, as may be desired by subscribers.
Registered bonds will be issued of the denomi
nations of $50, 500, $500, 81 900, $4,000,
| and $l0,0 600 and coupon bonds of each denoml-
nation except the last two. The interest will
be payable.in the United States, at the office of
the Treasurer, any Assistant Treasurer, or
designated deposltary of the Government, quar-
terly, on the first days of February, May, Au-
gust, and November, in each year.
| The bonds Of the several classes aforesaid,
and the interest thereon, are exempt from the
| payment of all taxes or dues to the United
States, as we'll as from taxation 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, as may
| be designated by the Secretary of the Treasury.
The bonds will be issued at the United States
Treasury, but the agents for the negotiation OF
the loan in Europe are authorized to make ar
engagements with subscribers for the transmits
H.. L. ,.rh xl,nf
subscriptions may be received.
| Subscribers in the United States will receive
| the new bonds of the agents with whom the sub
| scriptiOns are made.
In the United States the National Banks are
| authorized to receive subscriptions, and sub
scripuons may also be made at the office of the
Treasurer of the United States or of any Assist
ant Treasurer, or at the Designated Depositaries
at Buffalo, n. y; Chicago, ILL.,; Cincinnati,
Ohio; Louisville, Ky; Mobile, Ala; and Pitts
burg, Penn.
The following banking houses are also author
| lied to act as agents IN receiving subscriptions
in the United States, viz:
NEW YORK CITY.
Austin, Baldwin e. Co. James G. Kings Sons.
Baker & Kitchen. Kountze Brothers.
| A. Belmont Co. Leonard, Sheldon IL
Blake Brothers d Co. Foster.
Brown Brothers Co. Maitland, Phelps Co.
Badge, Schiff Co. Marx & Co.
Cecil, Stout & Thayer. Morton, Bliss & Co.
John j. Cisco Son. p. M. Myers Il Co.
| Clark, Dodge Co. George Opdyke x Co.
| Henry Clews Co. h. ID. Randolph 4 Co.
| Jay Cooke Co. Reid, Leo & Content.
Dabney Morgan Il Co. Security Bank.
Thomas Denny L. Co. j. & w. Seligman & Co.
Drexel, Winthrop & Co. Kuyn, Loeb d Co.
| Duncan, Sherman & Co. Soutter & Co.
| Fisk Il Hatch. Edward Sweet & Co.
Frank Cans. Moses Taylor Co.
| Gibson, Casanova Co. Trevor Il Colgate.
Glsndinning, Davis d Turner Bros.
Amory. Union Trust Company
| Hatch Il Foote. Van Setback d Co.
W. L. Hatch 4 Son. Vermilye & Co.
| Edward Haight. l.. Won Hoffman & Co.
| II. A. Heiser's Sons. Wells, Fargo & Co.
Howes l. Macy. Winslow, Lanier & Co.
Baltzer 4 Taaks.
WASHINGTON, ID. C.
Jay Cooke Il Co. Middleton a. Co.
FAINT, Washington Co. Riggs d Co.
NASHVILLE, TENN.
Peoples Bank.
GEORGE s. BOUTWELL,,
mh164t Secretary of the Treasury.