Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-02-01
FIVE PER CENTS.
Prospectus 81 Jay Cooke and Co., ROths-
child Sons. < Co. and other
Finaneiers.
The New Loan Of the Government TO be
Taken Up-EOtiee 10 Holders Of
Government Bonds.

New YORK, January 3l.-Jay Cooke
& Co., Morton, Bliss & Co. and DTeXeli
Morgan d Co. have taken five hun
dred million dollars of the United
states five per cent. funded loan, prin-
ciually Tedeenaable at par after first OF
Nay, 1851, in United States gold coin,
and both principal and interest exempt
from taxation, whether Federal,
State, municipal or local authority,
as authorized by acts of Con-
gress, approved July IA, 1870, and
january 20, 1871. The proceeds of the
J0nds are 10 be applied 10 the redemp-
tiOn and cancellation of United States
i've twenty bonds, as provided in said
acts, at New York, February l, 1873.
The Secretary of the Treasury having
concluded with Messrs. Jay Cooke 4
Co, representing Nessrs. y. NJ. ROths-
child & Sons, jay Cooke, McCulioch d
Co., Messrs. Morton, Bliss & Co., and
Drexel, Morgan d Co, representing
Ne=srs. Barring Bros. d Co; J. S. Nor
gan d Co., Morton, Rose d Co, and
themselves, a contract for the negOtia-
ton OF the remaining five per cent.
bonds Of the funded loan OF the United
States. The undersigned are prepared
10 receive applications az par and accru-
ed interest for any part Of three hundred
millions Of dollars United States five's
of 1881 issued under the acts of Congress
above mentioned. Applications may be
made payable either in cash, in gold, or
nve-twenty bonds Of any issue-in the
latter case being adjusted 20 February l..
The bonds BOW offered are all that re-
main Of the five hundred millions of dol
lars Of five per cents authorized by Con-
ETess, and il is hardly necessary to say
that the combination entrusted with the
management Of this scheme embraces
connections in Europe and America,
which practically insure the placing of
the entire amount, and the redemption
Of three hundred millions Of Govern
luent CWeuty-years bonds; after which,
only four and a half and four per cent
bonds viii remain Tor holders of i've
twenties. Declining this last opportunity
70 exchange for five per cents. The
coupon bonds are in denominations Of
so, 500, 500, SIG00. 5000, and SO, 000
The registered bonds are in like amounts,
with the addition of denominations Of
so 900 and s50,0J0. The interest, pay
able quarterly, viii commence from the
first Of February, the first payne be-
ing May /, 1873. The bonds may, at
AaA- ~ nun "a AAAL AAD-fANlF RE AoANAtAf
and United States treasury checks for
interest thereon viii be sent from Wash
ingtOn 10 the postOffice address of the
holder, la any part of America or Eu-
rope. Applications will be received at
the office Of either Of the undersigned,
and must be accompanied by the re-
quired deposit Payment viii be made
as follows: Five per cent. on applica-
fion. five nor cent on aFtofuaanf. forty
Ter cent. on May lst; fifty per cent.
June lst. When preferred, the deposit
on application may be made in curren-
cy, or any United States bonds. Inter
est at five per cent, gold, per annum
will be added from February lst to date
of the several payments. The books for
applications will be opened simultane-
Ously in Europe and America, on the
fourth instant, aud remain open until
the evening of the seventh instant,
aud the allOtments will be made
as soon as possible thereafter. Provis-
ional receipt scrip will be given for the
deposit. The bonds will be furnished at
a. early date as practicable against cor
responding amounts of five-twenty
bonds, OF payment in full should the al
iOtnent of bonds not equal the subscrip-
tiOns. The preliminary deposit in each
case will be refunded forthwith to the
extent Of the excess. When desired, we
syili furnish the coin without commits
siOns, and make settlement in currency,
and viii also receive at current market
price, any bonds Of the United States
other than Gve-twenties
,signedA JAY COOKE $50.
MORTON, BLISS & co.
DEEA I'll, MORGAN & 60.