Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-03-11
NEW LOAN OF THE UNITED STATES.
IMPORTANT CIRCULAR,
TREASURY DEPARTMENT,


Public notice is hereby given, that books
will be opened on the 9th day of March next in
this country and in Europe, for subscriptions
to the National Loan, under the Act approved
July IA, 1870, entitled can Act to authorize
the Refunding of the National Debt" and the
Act in amendment thereof, approved Jan. 20
1871.
The proposed loan comprises three classes
of Bonds, namely:
| Frst-Bonds to the amount of five hun
bred millions Of dollars, payable in coin, at
the pleasure of the United States, after ten
years from the date of their issue, and bear
ing interest, payable quarterly in coin, at the
rate of five per cent. per annum.
Seeond-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
bearing interest, payable quarterly in coin,
at the rate of four and half per cent per
anuum.
Third-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 issue, and bearing in
terest, payable quarterly in coin, at the rate
of four per cent. per annum.
Subscriptions to the loan will have prefer
ence 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
subscribers in this country and one-falf for
subscribers in foreign countries.
Seeond-Subscriptio for equal amounts of
each class of Bonds.
Mird-Subscrption for equal amounts of
Bonds bearing interest at the rate of four and
half per cent. and of Bonds bearing interest
at the rate of five per cent.
FoW'th-Subscrip,ion for any five per
cent. Bonds that may not be subscribed for IN
the preceding classes.
When subscription is made, the subscrib-
er will be required to deposit two per cent. of
the amount thereof in coin or currency of
the United States, or in bonds of the class to
be exchanged, to be accounted for by the
Government when the new Bonds are delv-
cred, and payment may be made either in
coin or in bonds of the United States, known
as Five-twenty Bonds, at their par value.
The coin received in payment will be APP
piled to the redemption of Five-twenty
Bonds, and the debt of the United States will
not be increased by this loan.
Tba -, a., l. ~,
coupons, as may be desired by subscribers.
Registered bonds will be issued of the de-
nominations of $50, 500, $500, $1,000 So
600 and $4,000; and coupon bonds of each
denomination except the last two. The in
terest will be payable in the United States, at
the office of the Treasurer, any Assistant
Treasurer, or Designated Depository of the
Government, quarterly, on the first days of
February, May, August 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 U. tied
States, as well as from taxation in any form
BY or under State, municipal or local author
ity.
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 nego-
tiaton of the loan in Europe are authorized
to make arrangements with subscribers for
the transmits ion of the bonds to the agents
through whom subscriptions may be received.
Subscribers in the United States will re-
ceive the new bonds of the agents with whom
the subscriptions are made.
In the United States, the National Banks
are authorized to receive subscriptions, and
subscriptions may also be made at the Office
of the Treasurer of the United States or of
any Assistant Treasurer, or at the Des ignated
Depositaries at Buffalo, n. Y. Chicago, Ill.,,
Cincinnati Ohio, Louisville, Ky, Mobile
Ala, and Pittsburg, Penn.
The following banking houses are also au-
thorized to act as agents in receiving subscrip-
tions in the United States, viz:
BOSTON, MASS.
BLAKE BROTHERS LEE HIGGINsoS & Co.
BREWSTER, SWEET & Co.PAGE, RICHARDSON & Co.
BECK BROTHERS. SPENCER, VIA 4 Co.
FOoTE & FRENCH. STONE 4 DowNLR.
HEAD PERKINS. TOWER, G!DDI>Gs &
HUBBARD BROS. Il Co. ToRREY.
KIpDER, PEABODY 4 WALKER \ MERRIAM.
GEORGE 5. BOUTWE ELL,
Secretary of the Treasury.