, 1875-10-20

1Ef fNff"i1f$ nT the ltfafHt$ 10 tf'!FHT
I'nItr,l th' han IL 1...,o, ~nth rtt1t y. At
tiat Tim" a,isr:tat IN: :7.'" amount ,npn" nj
titysrnm"ns 4fsrr 1nnc %, 1ai. T. npm rt:A
Irg's:r., b,ntA Of IT,. 'an II the si'no.nl'..'.
SO. IN, in, art ff,ttN a':r tru"d. kt $50
r,x,st.stsi sf,A!s VI th.s''"T' .r.sa
TEN Inrti,a.
Tie ennt'* snovn n The 81. ~ =" ''"-":
"efe .n'.",,,. ',,n:. .y hs .rt u ;'ar;, n ~ ~
amount tssatH tEe.u-,avL Ia~ nci unsEoriz'ng III
lon lf'yl'lrA ~ It l. III !: p rc'cu,1 III s"a ,ctr',
4'..e. ~hirn .t.a li.-e .n t: ;a.t.iafir Il III.
PLEASURE nf thn H,s.r:lr,ns1 arr f',E a 1-1l. AMI
IT, &C. "'''.; =. r.. r'y'' ~, 70 n'" -: l.;
w." s, t,a M,s /. RI s,* .!s rs. ="
III III" tfuvn"nmeai list. and t'.',,?y slr % Il t.t
lnn'ls of ~l''' 'tar mt r at 'tsr tc nj ii "f'
.na rrgint'4od !onit ~ :, &c rs"." !nst.on q tv
*i.0, s,1' m! 4.1h. !l"tri -..o'r -s rr ;".'r
.. ~ & a. ,a si"n 1ns :. II 'a o!. d';,
March 3f",t" s'il "hfd.sps::a L,'sE TIM. Ts! Atie
fofty stHfh itom tlah.'
rtvi-rwiS7i,i nY ISIS.
The art nf " Tch =, "f'. aH.l s:.l stlr !nrFnwng
nsiM lrran. Of tie act te:nu to convert Tr.nsury-
,osc: sna soHs n;Av; an..d,nE obsat,nns in,s st,s
ts &e hu'dn Vera soil for non'y and Itausd 10 the
sa"e u s9y's.1bo. fht.e 'nnhs t,ras per raut in
a y 4 Thy H. p!,.Sss rs f e.
t.o'srn,ntns .er hve years. and rsysie .snty
s s n1s nrn,. nnx ,hsr s. I ~
tr"'a dsts .'.a "as. u s.'sG ri + y .his sSS'
i+si,ed tlat ,rsr md fnuwn nj "Cqaso1. II l4;;.r
Iatre bontis wl probably In tue NEXT called for
veFss1u.
tosao1..
Under tho rrt Of Marr Il, lH1s, referred to In The
sedlnY p4r,Rralh, and supplementary sct lass:
hEst ls', bouts ware tssnel ta1 the eoyssSion and
Cnscd Btates. The bonds iAsued IL suae III nut
.tand.ns ou!!a..iens we're to 10 n aIao.a ~ III.
outstanding obligations Into lhcso lmn. .sr ii.
onds the tito Of :" "con.cl4" Tic binds xere ,rrurd
IN h.es ssEtes. Ths iiss. be.r a.!e Of 5aty lss. anu
TGs amount hstea va tss!:sjsEo. lie t.esni
Ja!y H. d. They hec.ms rclcs,n.";.
14y ,,nt 1 and r. syss0 j.'y ,, '1
retlren,ablo July 1n7a. They will tso na,n's Il5 l,
soas Thy asnouAs azsnea was s.2 ;:s, ,S,v. m iAu
Gnnsnla.o debt. ts,1rsl nder nrt Of Congress Ar
rrtyrsl h1arsh - 1905 = neeoatir after Atc hHh
la5.tlo tweuty se.rs from d.to" aud " In God Ia ons
suad Of these consolidated Londs wan <i,ss41rs1.
III; of ls;l. s1o'a2, ,5o ot lss, sa7.4sooo Toisl
nnonnt now outstanding, si1.l, ,7a9S. bcng s.05,1 o.
tuu !csS tlaL the sfouut originally tsued.
TUE NEW FlfEH.
Tia funded loan of ISL non teIns tseued VA,
authorised By act Of July II, Hin. II crested tn
enable tlle sretaFy Of the rresury to fund Mt ltwer
cent interest. by Tie terms Of tho art auhn tt the
loan, the snterus. and principal u tho 1ons are lu
provided ia ths Original that the Recretsry VI the
Treasury EhOuld borrow tum not exceeding f!10 OH
Co., fr which coupons aud registered nl1s sAoutd ,o
aiy 10 innds to le toecmatio Il t6e pieas,.re u .u
United aates after tn 5e4rs fom d4te. tlan tia y
q ,ha IL s for s :s @
e. 1s &. 'Vss sfa !asfs .sa '' b. 3'se 's. y.
s United States after ioeu sta1s IRON ate uf i.se.
Also that similar tonds TO tho auouns Ut 3oo7 Ou-
%v aE 70 ;.usd n tie IT. 81 s t. H
afsr thirty ynAts from tnn Of 'ssne. The procccs
from tue salo q thcse bonds required 10 bo d.
known - hse.tweutios. An sulendltory Set paired
!an.2 la7l, authorized tue issue Ut tho amount Of
se
taorizel " the origin act shall be ad quarterly.
Thu amount u pr cent hon,s nnw issued is $L,-
$3.50 900 Of hyetwantca which ,eas ess III IN TN
o. t" eo,npieto Aha Anount Of tho per ceut bou.
IT, 81 csast,s I'll ~
Q tIou oi tito Syndicate expiring UPON t1st dsle.
Though shis lo,u rcAeemate at the pleasure Of tho
iueiy payable At th. time. II ID presuued tas reore,
III view OF IT belng the 4csi loan tssae aud ut lower
s In 1sp psyaen I p for lSs IT,. nst .ssc
bops will hass long tipae 10 1un, ami TINT tho inter-
ct Ia yabe quarterly. sha tncy vii o much sought
sfssr tos permanent Investment ana eocsne t4vurase
sechry. TIE oupssf.ton Of 6.cts Into this loan wi
says l!e Government snnuAy tho tutcrsst ti,ou ooo
aul dnrinG tue laat nyu yc*ls whe tus cu,,rerliou
lncnt has been about =! 1GG, ,NQ
VALUE OF LONGTIME poNpB.
10 carry Into etfct tile Bectc lcsuu pnn act pasee
by Congress luat water Tho Secretary at tLa Treasury
s ts ssst91 .us q sns1s.,s t os t.
authority liuted amount Of Ier cent bout, ilay,
I Lceu itsIe.i. Whether Auy further saue Of bopd,
bearing per can't ntsroat will ip .nat1s uniez tn
Spocs-ltesumpon At m,iss. of eoursr, depend upon
circumstances The psosf1ous OF tue act uuder sun
aarratton mandatory. Tae nrst secl!on suthor.
rapidly o. ntactcaole to caupo to 10 cotned ii th,
minis Of the United 6atss aiser cutns. ani 10 tssu
them" ~; .ad the third ses.,sn authorizes him Z
o. A % psr eeat Steroat - III he n.ay s es:! Will
placing . lonn bearing s. per rent. tho ere
lower rats of inleFsst, under tho spe'ta Acsuulp
tun set, 1te ls bound TO obcy tue requirements T.
@ d ssis,s y; W sd e .as son
.aose now ls:ns lssasa. When shs sena!n!ra 81:
oot'oo Of tho per oeus Iona haa h -. rubtcrilca
il oouaped u is.ains bond. Ieas!us IL
FER cent. 4 Ii probable that ,any bo,,I. ihst NJ!
III ;tsnsa ID 9as, der e.ht ths q se ns,gempS
under .his setit should uot 10 forgotten tass tAus
Issued, Or which may be hereafter fasu:a, At tb
Mt The opttnn Of tic government, after Ma,
l, | u. wulla bonds that may b. 1 SIZED undel
tua stlne. acs beariug ~ pes ccnt lnt4rca
will not b. redtcmauls nnill after nftes
years fron tho dats of Issue. Persons desiring t,
inveat in bonds having long tina to Will twttc
understand this adsaulsXe ~Aen stt,tlen IN trsc'e.
to the fac tAat pes cent bonds itaued from this t
forxArd may le redeemed st shs psAsura of Tbs Gos
ernnlent ttdr Hay l. l3.l. whe1s4s tho ~ rer ten
buuds will havs nfeen years from date Of issue,
nsary thres times longer than the rar cents. Tins
not fatnlaf with Wull 9tfeet oparltiUns, sud Ilces
atocsa ind boads Will Aplreci4e the relatiye
shtrt anl long time bonds BY examiuux the prt
| Unitea Btates snd IAcac Railroad boIds. II viii !,
found that tho Pacific Nailrcad bud, xineA IL
United States htEe guArsnteet to pay. prin'In! MI
aer' Interest," T., u Il, lawful money. . nd ~hien ar
are quoted "a high ~ thu d Of lrsl, .whto