The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-02-01
-. r1n,,.,rc,, ssiliion Loan.


| ~, yo.x January 3l.-The following
,ro.nectns Is telegraphed as matter OF
ppuhlic interest by Messrs Jay Cooke s. Co.
Morton. Bliss &; Co, and DreXe. Morgan d
Co The three hundred million dollar
| United States per cent. funded loan.
| principal redeemabie at par after the lst OF
| May, 1881, In United States gold coin OF the
present standard, interest payable quarterly
| in United States gold coin, and both princl-
pal and interest exempt from taxation, wac
Their under Federal, State. iif.inlciIal, OF
local authority, as authorized by acts OF Con-
gress approved July II, 1870, ana Jaa'i"Is
| 20. 1871. The proceeds OF these bonds are
| to I've applied to the rcdemrtlcn ana c'hee''
Iation of United States $40 bonds, rs pro-
| vided in said act:
| Ne,o York, February 1.-The Secretary Oh
the Treasury has concluded with MeSSrS.
Inv Cooke & Co., representing Messrs. n.
| N. Rothschi!ds s. Sons, jay Cooke, McCul-
louch & Co., and themselves and Messrs.
| Marion. Bliss 81 Co. and DreXel, Morgan ~
Co.. representing MesSrs. Barring, Brothers
& Co., J. y. Morgan & Co., Martin, Rose d
Co.. and themselves, contract Tor
the negotiation Of the remaining five
per cent. bonds Of the funded loan
of the United States. The undersigned are
prepared to receive applications at par
and accrued interest for any part OF the
$500 ,00O, 600 of United States 5's of 1881,
issued under the acts of Congress as above
mentioned. Applications may'b be made pay
able either in cash, in gold, or in 500 bonds
of any issue; in the latter case, interest
being adjusted to February 1st. The
bonds now offered are all that remain of the
| s5O0,O00O 900 OF 5 per cents authorized BY
Congress, and it is hardly necessary to say
that the combination entrusted with the
management of this negotiation embraces con-
! nectons in Europe and America which prac-
ticaIy insure the placing of the entire amount
and the redemption of the $500, 100000 Of
500 bonds; after which only ~ and per
cent. bonds will remain for holders Of 5-2Us
declining to exchange for 3 per cents. The
coupon bonds are in denominations Of $50,
800, $500, 81 ,0G0, $4,000, and $4,000. The
registered bonds are in like amounts, with
the addition Of denominations Of $4,000
and $4,000. Interest, payable quarterly,
will commence from the lst of February,
the first interest-payment being May l, 1879.
| The bonds may, at the option OF the holder,
| be registered, and United States Treasury
checks for interest thereon will be sent
| from Washington to the po>t-ottice address Of
the holder III any 'aII VI Aineiita vi Eur pe'
Applications will be received at the Office
of either of the undersigned, and must be
accompanied by the requisite deposits.
Payment will be made as follows: per
cent. on application, 5 per cent on allot-
ment, 40 per cent. May LIST, 80 per cent. on
june list, when preferred. The deposit,
| upon application, may be made in currency
to any United States bonds. Interest at 5
DER cent in gold per annum will be added
from February 1st to the date of the several
payments. .,
The books for applications will lie opened
simultaneously in Europe and America on
| the 4th instant, and remain open until the
evening Of the It'll instant, and the allotment
will be made is soon us possible thereafter.
Provisional receipts Scrip will lie given for
the deposits. The bonds will be furnished
at as early date as practicable against cor
responding amount of 500 bonds or pay
ment in full. Should the allotment Of bonds
not equal the subscription, preliminary Dc
posit in each case will be returned herewith
to the extent Of the excess.
When desired, we will furnish the coin
without commits ion, and make settlement in
currency; and will also receive ut current
market price any bonds of the United
States other than 5-20's.
[Sisnedl JAY CooKE G. Co.,
MORTON, BLISS Il Co.,
DRExEL, MORGAN & Co.