The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1871-05-13
FININCi4L.
,EM LOAN OF TIE UNITED STATES.

Is NEW LOAN OF TIE UNITED STATES
The subscriptions to the New Five Per Cent Stool, of
tn" United States amount to about SGo,o0o0oo.-
They confidently expected to reach 500 nao0o) ly
the time the New Bonds ready for delivery May
The proposals of the Secretary of the Treasury will then
be changed to the following programme:
FHs-Bonls to the amount of three hundred millions
Of dollars payable in coin, at the pleasure of the United
states after ten from the date of their issue and
bearing interest, payable quarterly in coin the
Of five per cent. per annuIn.
SccOh'-BonlS to the amount Of three hundred mil
lions 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 1t
the rate of four and ahalf per cent. per annum.
Ttiri-Bonl7 the amount Of seven hundred rniI-
lions Of ,lars payable in COIN the pleasure the
United States, after thirty years from the date Of their
Issue" and bearing interest, payable quarterly in coin,
til" rate Of f,ur per cent per
Subscriptions the loan will have preference after
the aforementioned hundred millions are taken up
in the following order, namely:
Subscriptions for equal amount, of each class
Of bonds.
S,co.a-Subscriptions for equal amounts of bonds
bearing interest at the rate of four and ahaIf per cent
and Of bonds bearing interest at the of five per
ThHd-Subscripons for any five per cent. bond, that
may not he subscribed for in the preceding classes
Subscriptions to the remainder the s2oO0o0O0D of
five per cents. which unconditional going
and the bonds will be issued the subscribers
who can receive scrip certificate in advance, if they
desire to pay their gold exchange United States 520s
at i'll the registered coupon form Registered
bonds will I've issued of the denominations $50 $780,
$500 81 600 s. 900 and 100000 coupon bonds each
ntipnp1 The last Two into will he
payable in the United States, at the office Of the Treas
any Assistant Treasurer, designated depository
IF the Government quarterly, the first days of Feb
ruary, May, August and November, in each year.
The bonds Of the several classes aforesaid ami the
interest thereon, exempt from the payment of all
dues of the United States, woll from taxa
om in any form by under State, municipal local
authority.
After maturity, the bonds last issued will be first
deemed, ly classes and numbers may be designated
by the Secretary Of the Treasury.
The reduction Of the public debt since the close of the
of the rebellion and the relief the tine,
the annual burden Of interest, folIows:
Principal Of debit $c755 o25 rs
Paid under Johns "e5H5.Il
Principal, March l. ....... 81, ssl, sse9o4
Paid under Grant. 223,OS3,eT3
Present public deI,t..... s., 46S 23l
Interest charge. Isl, S320jl
funding 80 notes. . o5,44e,5o1
Interest charge, sl26,3Sg.55O
Reduced in two years by paymcmt......... 12,0j293S
Present interest charge sll4336552
The proposed further reduction of the annual interest
car" upon the public debt by rcfnns is follows:
BY exchange Of $5oooooooa United States
six per cents fr fly" per of ISL. 100000