Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-05-13
BONDS CALLED.
Secretary Window Calls for Five Per
Cents for Redemption or Continuance at
Three and Half Per Cent

Secretary Window Calls for Five Per
Cents for Redemption or Continuance at
Three and Half Per Cent.
WASHINGTON, May 12.-The following cir
cular, embracing the one hundred and third
call and provision for the continuance of s
per cent. bonds, was issued this afternoon:
TREASURY DEPARTMENT, WASHINGTON, D.
c., May IL, 1S81.--By virtue of the authority
conferred by law upon the secretary of the
treasury, notice is hereby given that the prin-
cipal and accrued interest of 5 per cent. cou-
pom bonds, issued under the acts of July IL,
1870, and January 20, 1871, and now outstand-
ing and uncalled, will be paid at the treasury
of the United States, in the city of Washing
ton, ID. e., the 18th day of August, 1851, and
that the interest on said bonds will cease on
that day, and none of these bonds will hereaf-
ter be exchanged for registered bonds bearing
5 per cent. interest, provided, however, in
case any holders of said coupon bonds shall re-
quest to have their bonds continued during
the pleasure of the government with interest
at the rate OF 80 per cent. per annum, in lieu of
their payment at the date above specified, such
reqrest will be granted if the bonds are re-
ceived by the secretary of the treasury for
that purpose On or before the list of July,
1881.
The secretary also announces that until the
date mentioned, July 1st, 1881, he will receive
for continuance in like manner, subject to like
conditions, uncancelled 5 per cent. registered
bonds of the acts of July IA, 1870, and January
~, 1871, to an amount not exceeding $3.50, 000,-
600, the remainder of the loan being pre-
served with view of its payment from sur
plus revenues.
Foreign holders of any of the per cent.
bonds above described may have them contin-
ued as above provided upon receipt of the
| bonds toh1 had
for that purpose and the banking house OF
Morton, Rose & Co., Bartholomew Lane,
London, England. The request above men,
toned should be in form substantially as here
with subscribed and upon surrender of the
bonds with which request the secretary of the
treasury will return to the owners registered
bonds of the same loan, with the fact that
such bonds are continued during the pleasure
OF the government, with interest at the rate OF
3A per cent. per annum, stamped upon them.
In accordance with this notice upon receipt
| of bonds to be continued as above provided, in
terest thereon to August IL, 1887, will be pre-
paid at the rate the bonds now bear.
| Registered bonds to be continued should be
| assigned to the secretary of the treasury for
continuance, and when received for contin.
| uance under the provisions of this circular
they will be accepted for that purpose in the
order OF their receipt at the department. The
| department will pay no expense of transporta.
| tion on bonds received under the provisions OIL
| this circular, but bonds returned will be sem
| by prepaid registered mail, unless the owners
otherwise direct. All bonds, whether intended
| for payment or to be continued, should bt
| forwarded to the secretary of the treasury
| with letter of transmission setting forth thu
| purpose for which they are transmitted, an(
| If to be continued, they must also be accom-
panied by the request above referred to, ant
the package containing bonds should b.
marked "bonds for continuance"
<Signed.) VIM. WINDOW, Secretary
The amount of coupons bonds above re
ferred to, which are now outstanding an(
covered by the call, is $112,0OO,0G0. The tota
| amount of registered 5 per cent. bonds i,
| about 1926, 100000. The privilege of extend
ing registered per cents at reduced rate O
interest being limited to $3.50, 0O0, 900, Their
| will remain at least Is, 00O, 0C0 of them, which
the secretary of the treasury pays absolutel!
out of the surplus revenue. 1t is believed a
the department that much more thai
| S25O,000,000 of registered bonds Will b,
offered for continuance, but all application
| received after the maximum of 250,000, 00(
shall be presented, will not be entertained.
Upon the close of business today there haG
| been received and counted at the loan division
| of the treasury department $143 ,081 $50 si2
per cent. bonds for continuance at 3h pei
| cent. There are known to be about SIT 900,
| 0)O more of these bonds in the treasury Office
not acted upon, leaving about $50, C00,O0 tx
be heard from. No returns yet from the Lon
| don agency.
The treasury department to-day purchased
271 900 ounces of fine silver for delivery at thu
| Philadelphia and San Francisco mints.