The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-04-14
TREASURY pEpARTmENr.

nUBLIC NOTICE is hereby given, that books will
i be opened on the sixth day of March next, in
this country and in Europe for subscriptions 10 the
National Loan, under tho Act approved July IA,
1870, entitled "An Act to authorize tho Refuoding
of the National Debt" and the Act in amendment
thereof, approved January 20, 1871.
The proposed loan comprises three classes OF
FIRsr--Bonds to the amount of Eve hundred mil
lions OF dollars payable in coin, at the pleasure of
the United States, after ten years from the dato OF
their issue, and bearing interest payable quarterly
in coin, at the rate of five per cent. per asnum
sEcoNp--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 quarter
y in CON- ut the rate OF four and hall per cent per
annum. 4fa
THIRD-Bonds to the amount of seven hundred mil
lions of dollars payable in coin, at the pleasure OF
the United States after thirty years from the date of
their ssue and bearing interest," payable quarterly
in coin, at the rate Of four 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 subscribers in this
couutey and oue-half for subscribers in foreign
countries.
SEcoND.-subscription for equal amounts of each
class of bonds.
THIRD.-subscriptons for equal amounts of bonds
bearing interest at the rate of four and a half per
cent and of bonds bearing interest at the rate OF
five per cent.
Founrn Subscriptions for any five per cent.
bonds that may not be subscribed Tor IN the pre-
ceding classes. -
When a subscription is made the subscriber will
be required to ceposit two per cent. OF the amount
thereof in coin currency of the United states, or
in bonds of the class to be exchanged, to be &C.
counted for by the Government when the bonds are
delivered 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 con- received in payment will be applied to
the redemption of five twenty bends, and the debt
of the United States will not be increased by this
| lean.
The bonds will be registered or issued with cou,
pons as may be desired by subscribers. Registered
bonds will be issued of the denominations OF sou,
| 500 $780, 81 OOO S. 600 and $4,000; and coupon
| bends of each denomination except the last two
The interest will be payable in the United States at
the office of the treasurer, any assistant treasurer
or designated deposiary of the government, quarter
ly, on the first days of February, May, August ana
November, in each year.
The bonds of the several classes aforesaid, and the
| interest thereon, exempt from the payment Of
all taxes or dues of the United States, we'll as from
taxation in any form by under state municipal or
| local authority. 49,
| redeemed, by classes and numbers as may be desig
1 mated by the secretary of the treasury.
1 The bonds will be issued at the United States
treasury but the agents for the negotiation OF Inc
loan in Europe authorized to make arrangements
with subscribers for the transmission OF the bonds
| to the agents through whom subscriptions may be
| received. e.
Subscribers in the United States will receive the
| new bonds of the agents with whom the subscrip-
| lions are made. ~
thorzed to receive subscriptions and subscriptions
NAV also be made at the office OF the treasurer OF
tho United States, of any Assistant Treasurer OF
the Designated Depositaries at Buffalo, N. Chica
| 90 H. Cincnrati, Ohio Louisville, Ky, Mobile
Ala, and Pittsburg. Pa.
The following banking houses also authorized
| IN act as aoents in receiying subscriptions, in