New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-02-01
BIEE LOAN.

P!ueins ,hs Five Per Gent Lonn-stato9
mend p9 jay Cooke and Other Bankers
NEW YORK, January 81, 1873.
80 Editors South Of Washington:
We take the liberty of sending the fol
lowing prospectus as an item of public in
tercst, because but few days remain in
which TO reach remote points by the Or
GinaEy course Of mail.
JAY COOKE & co, g
MORTON, BLISS & CO,
DREAEL, MORGAN & COD
STATEMENT.
The $780, 900, 900 UnitedS States five per
cent funded loan, the principal redeemable
at par after the first of May, 1881, in United
States gold coin of the present standard,
interest payable quarterly in United StateD
gold coin, and both principal and interest
exempt from taxation, whether under fed
eral State, municipal or local authority, as
authorized by acts of Congress, approved
July II, 1870. and July 20, 1871. The pro
ceeds of these bonds ara to be applied 10
she redemption and cancellation OF United
States tive-twentg bonds, as provided iIR
said acts.
New YORK, February |, 1873.
The Secretary of the Treasury having
concluded with Messrs Jay Cooke & Co.
representing Messrs. n M. Rothschild ~
Sons, Jay Cooke, McCulloch & Co. and
themselves, and Messrs. Merton, Bliss &
Co. and Drexel, Morgan & Co., represent
ing Messrs. Barring Brothers & Co, j. s.
| Morgan & Co, Morton. Rose & Co. nj
| themselves, q contract for the nego i %
| ton of the remainder Cf fge pc
| cent bonds of the funded loan of the
| United States the undersigned are prepared
4 to receive applications at par, and accrue(A
| interest for any part of the $4,000 900
| United States fves of 1881, issued under
Y ba of nh
| Applications may be made payable either
| in cash in gold OF in ive-tweDty bonds of
| any issue; in the latter case the interest be-
| ing adjusted to February |. ghe bonds
| now offered are all that remain of tho
| $500, 600 five per cents authorized bF
I Congress, and it is hardly necessary to say
| that the combination entrusted with
| the management of this negotiation
embraces connections in Europe and Amer
A lea which practically insures the placing of
| the entire amount and the redemption of
| this $500, ,00G. 900 of tive-twenty bonds, after
! which only four and one half per cent bonds
! will remain for holders of fve-twenties de-
| cining the last opportunity to exchange
for FIVE per cents The coupon bonds
arc in denominations of $50, 500,
$500, $1,000, $4,000 and $4,000. The
| registered bonds are i'll like amOunCs,
| with the addition of denominations OF
| 100000 and $50,000. Interest, payable
| quarterly, will commence from the first of
J February. the first interest payment being
May J., 1873. The bonds may, at the option
Of the holder, be registered and United
States Treasury checks for interest thereon
will he sent from Washington to the po Vt
Office address of the hol Ter in any part of
America or Europe. Applications will be
received at the office of either of the under
signed, and must be accompanied by the
required deposit. Payments gllI be made
as follows; Five per cents on application,
five per cent on allotment forty per cent
May |, fifty per cent on June when pre-
ferred The deposit, upon application, may
be made in currency or any United States
bonds. Interest at five per cent gold per
annum will be added from February to
the date of the several pay ments. The
books for applications will be opened
simultaneously in Europe and America on
the fourth ms ant, and remain open till the
| e7ening of the seventh instant. and the
| allOtments will be made as soon as possible
| thereafter.
Provisional receipts and scrip will be
| given for the deposits. The bonds Will be
| furnished at as early date practicable
| against the cOrrespondir 6 amounts of five
| twenty bonds, or payment in full, should
| the allotment of bonds not equal the sub
| scripton. The preliminary deposit in each
| case will be returned forthwith to the eX-
| tent Of the excess when desired. We will
| furnish the coin without commission and
| mako settlement in currency, and will also
| receive at the current market price any
| bonds of the United States other than five
| tWentiea
JAY COOKE & co,
MORTON, BLISS Il Co,
/ 4