New-York tribune., 1871-04-21
NEW LOAN OF THE UNITED SIaiCCs, Fer Cent sto,

Evvv J0,N OY THE 70. Nor. cto.l,
Inc snoscIp.Ts uovt 10 rns nssnount to about
Fbey arc confidently sxpeceu readv for delivery in
BY the time the New Of the Secretary Of the Treas
MAY dhe ,bS0 PT0rsh e Changed to the following pro-
gramme; - the amount Of three hundred mil
fwS ,Isrs bGla payable in con at the pleasure OF
ons OF s,ofes after ten years from the date OF
their issue and esalffE ~ I've nsr cent Der annum.
III com, a' 'ponds TO the amount OF three hundred
Se ons dollars payable in coin, at the pleasure
t IInited States, after fifteen years fron the
81 we 90 tbeir issue, and bearing interest payable
asse ed in coin at the rate of four aud half per
se7t r. Bonds 10 the amount Of seven hundred NIL
rons If dollars PAYABLE In con at the reasureoi the
tT1;fed States after thirty years from the date OF
their isse and bearing interest payaoie quai'eriy
IN coin, at the rate OF four per cent per annum.
subscriptions TO the loan will have reference
,ftcf tie aforementioned two hundred millions are
taken up in the following order namely:
First: Subscriptions FOE equal amounts OF each
Say SsSosd Subscriptions for ecual amounts Of bonds
hearing interest at the rate of four and hall per
cent and of bonds bearing interest at TIE late OF
"'T Tfird Subscriptions for any five per cent bonds
that may not be subscribed for In the pIeeodihg
Subscriptions to the remainder of the S2OOOOOoOo
of FIVE per cents, which are unconditional are now
going on and the bonds viii soon be issued 10 the
sbscIibers who can receive scrip certificate IN ad-
vance if they desire to pay thoig gold or exchange
coupon form REGISTERED bonds will be issued Of the
denominations OF $50 $780, 800. 81 900 5000, and
$1,000, and coupon bonds of each deBOmDatlon eX-
cept The last two. The interest will be payable in
the United States at the Office of the Treasurer, any
Assistant Treasurer or designated depository of the
Gcyernmclt, quarterly on the first days OF February
Nav. August, and November in each year.
The bonds of the several classes aforesaid and in
teTest thereon, exempt from the payment OF all
taxes or dues of the United States well as from
taxation in any form by or under State, municipal,
or local authority.
redeemed, by classes and numbers, as may be desg-
mated by the Secretary Of the Treasury.
The reduction Of the public debt since the close OF
the war Of the Rebellion, and the relief. at the same
time, 10 the annual burden Of interest, arc as
follows:
Principal OF debt, .s275seo527s
Pald under johnson. 2oS,69)5I
PRINCIPAL March 4, 1869. 94
Fhd under Grant.................-... 2Z5.OoS6'S
Present public debt. 2ls,3l62n
Interest charge 1865 Isl, ,S32 O5l
Reduced IN four years by payment and
iduding.....-.-..-...--.... 25,4l26m
Interest charge. 1909. c9............... s12C,8so55O
Reduced in two years by payment. I2.O5299s
Present Interest charge. ............... Sif4336552
The proposed further reduction of the annual
Interest charge upon the public debt by refunding is
ss follows:
By exchange Of s5oaOoO,ooo United States six
per cents for FIVE per cents OF lssl-. 5000 900
BY exchange % S50OOe5, 900 United States six
per cents for f0ur and half per cents OF 1856 900
By exchange Of s7O0OOO.OOO United States six
per cents for four per cents Of l9Ol..... 1900 900
Total saving per annurn by refundng .s23 800 900
The whole proceeds of the new loans viii be ap-
plied to the payment or redemption and cancellation
10 these proceeds the 5-o0s are now being reduced
BY purchase at the rate OF SlO0OoG0Oe 20 per month
In charge OF advertising United states Loans
freHsTV OUtcc, AeO- l0Tk, April 10.