Centre Democrat. [volume] (Bellefonte, Pa.) 1848-1989, 1881-05-26
FEDERAL FINANCES.
Sec'y Window Calls In Coupon Flyes.
HOLDERS CAS- EXTEND At 3 PR CENT
TnE SANE PRIVILEGE ACCORDED $50
100000 REGISTERED FiYEs.

TiIE SANE PRIVILEGE ACCORDED 500
100000 REGISTERED FiyEs.
WAsuINGToS, May l2.-Sccretary Win.
dom to-day issued the lO3d call for
bonds, with provision for the contiu.
uance of per cents at 81 per cent.
The call gives notice that the principal
and accrued interest OF the five per
cent. coupon bonds issued under the
acts of July ii, 1870, and January 20.
1871, and now outstanding and uncall.
ed, will DO paid at the Treasury, in
Washington, on the 18th OF August,
1881, and that the interest on said
bonds will cease on that day. and none
of these bonds will hereafter be ex.
changed for registered bonds bearing
5 per cent. interest provided. however,
that in case any OF the holders OF the
said coupon bonds shall request TO have
their bonds continued during the plcns.
ure Of the Government with interest AT
the rate OF >! per cent. per annum in
lieu of their payment at the date above
specified, such request will be granted
If the bonds are received by the Secrc-
tary for that purpose on or before the
first day Of July, 1851.
The Secretary also announces that
until the date mentioned July ]. lsslJ
lie will receive for continuance in like
manner, subject TO like conditions, any
OF the uncalled . per cent. registered
bonds OF the acts Of July II. 1870, and
January 90, 1871, to an amount not ex.
ceeding $4,000, 600, the remainder OF
the loan being reserved, with view Of
It's payment from the surplus revenues.
Foreign holders OF any of the 3 per
cent. bonds above described may have
them continued as above provided upon
the receipt Of the bonds At the Govern.
ment agency established for that pur.
pose at the banking house of Messrs.
Morton, Rose & Co., Bartholomew Lane,
London, England.
Upon the receipt of bonds 10 be con.
tinued as above provided the interest
thereon TO August II, 1851, will be pre-.
paid at the rate the bonds now bear.
The department will pay no expense Of
transportation on bonds received under
the provisions of this circular, but the
bonds returned will be sent by prepaid
registered mail unlcss the owners other.
wise direct
The amount Of the coupon bonds
hu''e IeItFEtu 10 WhlCA are now out.
standing and covered by this call j.
about Sl2n,0O,OO0. The total amount of
the registered per cent. bonds is about
$50, 1000. The privilege Of extend.
ing registered ) per cents at the reduced
rate Of interest being limited to $3.50.
900. there will remain at least S-5..
900 600 Of them, which the Secretary
of tho Treasury intends To pay abso.
lut"ly out of the surplus revenues. it
Is believed ~ the department that much
more than $4,000. 600 Of these regis.
tered bonds Ell be offered for contIn.
uauce, but al applications received
after the maximum Of $2j0Op1OpO shall
have been presented will not be enter.
tanned.
Up TO the close Of business to-day
there had been received and counted at
the loan division of the Treasury De.
Pariment Slj3,0sl, $50 OF G per cent.
bonds for continuance at ? per cent.
There are known 10 be about Sl1. 90. d.
600 more Of these bonds now in the
IreAsuror's office which have not been
acted upon. which will swell the az.
rrcgBte amount received for continu.
nncc to more than Sl5OuO0.OyO, leaving
but about $4,000 600 vet to be- heard
from, No returns have yet been re.
ceiyed from the London agency.