New-York tribune., 1873-01-30

OF the parties in Europe and America having the
management of this negetiatiOn render 1t more than
likely that the same will be successfully completed
within the time specified. IL is therefore most I'M
portant for the National banks, who are dependent
upon United States bonds as basis Tor circuiauon'
TO take such preliminary action as Will secure ioi
them the bonds they require.
The following circular has been addressed to the
National banks by the Funded Loan Syndicate;
NEw-YaRK, Jan. %, 1873.
The Secretary OF the Treasury having conera Ne RD
child Sons Jay Cooke, McCuoch x Co. aI9 i snS,I
selves and Messrs. Morton. Bliss Co ana DreGoi' ~
j. g. Morgan & Co. Morton, Rose Co, and themseves' we
0 five per cent bonds Of the Funded the Unied
States, arrangements are now Deing perlec'c" i"i ~
Introduction OF the loan at an early day -, ,,
The subscription books will he opened ana closed si
ultapeously in Europe and America, and wil probably
remain omen not more than three or four days.
The date OF the opening will he duly announcer
through the press, ana VIII proDaDy NC on VI a"u ~
The purpose OF this circular give timely notice to
banks Insurance companies, and other VIM
or transfer of their bonds and forms TO
effect such transfers are sent herewith ,,., 80,
1t Is hardly necessary TO that the combination IN
trusted with the MANAGEMENT OF this negotiation en-
braces connections In Europe and America Whch Pac
cay insure the placing Of the entire remainder OF Ine
live her cent bonds aud the redemption Of o0oO OF
yewenty bonds. after which only four and anu
four per bonds Will remain Tor holders OF hNe-
twenes declining this the last opportunity 10 e1chanHe
for five per cents. -
The advantages Of this loan all other bonds OF the
United States are so familiar that 10 is hardly necessary
TO recaptuate them. They cannot be redeemed untll
after ten years from their date They are payable upon
their face principal and interest IN coin OF Inc present
standard value. Interest payable quarterly anu III ese
OF registered bonds checks are mailed Dy tDe treasury
Department to the holders address Ihey are exempt
from all taxation, national, state, and municipal
IL ia expected that the applications IN Europe VIII oe
very large and perhaps than sufficient 10 ABSORB
the entire amount OF the loan and In this view s I'M
portant that we shall receive such timely notice from
banks and other large holders OF FveTwen bonds as
will enable US to reserve for them the amounts they may
require. -. A., ,-.,o,.,
IL il the desire OF the Department that the National
banks especially shall have the fullest opportunity 10
procure per cents for their deposits with the ConrOer
OF the Currency and this may necesstae prO-rata re-
ducton allOtmens upon the subscriptions OF the
general public. ,.---.,
The bonds will be issued at and accrued interest IN
gold exchange for any issue or flYe-lWehty
bonds interest being adjusted TO date OF exchange
Applications may De addressed to either OF the under
signed and Will state whether payment y y be made 40
coin or Fve-twenes and If the latter, will specify the
issue.
When desired, we Will furnish the coin without com
miason and make settlement in currency and VIII also
receive at market price any bonds O the United
States other than Fiye-twenties.
State bonds were quiet and steady. Sales of Ten
nessees were reported at 81, an advance over yes
terday's quotations. North Carolinas, DID, sold at
S3l, and Missouri skies at 93s. The following were
IL