The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1871-06-15

Register of tho Treasury.
Registered Bonds will 10 issued of the denon,ina
tons Of $50, 500, $780, $1,000. $1,000 10000, and
coupon bonds u each denomination except the last
two. Tho Interest will bs payable In the United
States 1t tue oos Of the Treasurer designated de-
poeitosy Ct The Government quarterly, ON the first
days OF February. Nay, August. and November, in
each ysar.
The 1nterrst the Registered Stock Of this Loan,
II 10 determined By the Treasury Department, will be
paid - eoavenisntly the holder ~ on the Coupon
Stock, and personal attendance by proxy, at the
Treasury. y draw and receipt for the Interest will
b dispsnssd WITH svhasevev ne ehsck Of TIE United
&ates 7reasT'. "a1ed pusesally to tie addvess and
order eash ho'd., Q" or bsors see,J qsa-ieday, Is
preferred to s''eh ateda~os This check, payable in
Gold 1t the Treasury In New York. Tor such other
once ~ the Stock 10 rsgstersd at) will bs negoti-
able on the ndorssmsnt ofths owner or owners ofths
Stock. In pursuaucs Of this arrangement, the sub
scrbsrs to. purchases the Stock In it, register
I'd trm, (Which 4 . complete protection against
shst or other Losses inciIent to Coupon Bonds pay
able to Bsarer) arc advised to give their Post-oce
address in FULL sndso notify OF any change in the ad-
drsss bstwesn quarter days.
The whole proceeds Of The bsw loan will b applied
70 the payment Or redemption and cancellation Of the
80 Per cent bonds. and, In addition 70 these pro
eseds' III t ass now being reduced BY purchass at
the rate Oslo, ooo 900 per month.
The entire effect, therefore, It tho Now Loan, In
connection with The existing shaking Fund process
Of the Treasury, 10 to rsduss both Principal and In.
sersst Of the Public Debt ofshs United States, ne
Loa" creates 10 additional s.pply Of Government
oeks, while the application Of tho surplus revenue,
derived In Gold from Customs u constantly lessoninv
. 1t has bsen doing for swoyears past. tho Funded
Stocks barring six per cent. Gold Interest.
The :st Of May schedule Of tho Public Debit which
has just been published BY the Secretary of the
Treasury, shows reduction in these Stocks since tn
April schedule Of $l2 7Oo and further esseninl
Of the yearly interest charge thereon Of $732 o42
This leaves the total yearly interest charge in Col
sill ,o63 0S4. In the same month tho Treasury pai
and cancelled $2470,0oo Of tho Three per Cont. Cur
rency Debt, reducing the whole Of this debt bearing
interest to ooo and the yearly Interest oharg
thereon 70 q, 40
The proposed further reduction Of the annual in
tsrsst charge upon the Public Debt BY refundips 1
| - follows:
By exchange Of 800 OK, 900 Uniled States
~ per cent 1os new nVs per cents Of
/ ~ oACu1uSO OF 10OVpWVUV U01e0 states
six per cents for four and . half Per
! eents Of 1891: 10000
dix per cents for four per cents OF 1901 100000
Total saving PER aanun BY refandlng 81, 5oo, 90
Tho large and rapid accumulation In the last 70,
years Of private capital retired from active brsi
! mess. aud Of the cash Savings and Life Insuranc
prsmtums deposited with or intrusted to tho PROV
dent institutions Of the seeking tho mos
undoubtsd security. pledged to be kept FREQ Of a
taxes under national Of local authority and content
provided this object be assured with moderate rate,
Of iatsrest-will. no Doubt, ultimately absorb o
much Of these New Stocks ~ may not be taken i
voluntary conversion Of United States 62os or ma
keted abroad.
C.C.NORVELL
| In charge Of United States Loan Advertising.
TREASURY OFFICE.
NV YoRK. May 2, 1871.