New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-03
7. s. BOND REDEMPTION
Secretary Giues Instructions Regard
Is of 1907.

Washington. April 2.-Secretary COrtelyou gave
out to-day the following statement regarding the
refunding and redemption Of the per cent bonds
OF the funded loan Of 1901;
Public notice is hereby given the owners OF
United States registered and coupon bonds OF the
per cent funded loan OF 1901 that the Secretary
ana Sefors June 81 1901 any Of the bonds Of the
said loan 10 an amount not eScsedng s9Vv ~ ;S
OF March H. 1906. entitled, An Act 20 Define
PATTY of All Forms o Money issued or Coined By
The United States. to Refund the Public Debt and
The residue Of the bonds Of the said loan, after
sne IsIH 9 neIsoy srovtuSu t sHl IiI 1aS7
and the bonds constituting the said residue are
ss ear n, eHSd on 5oG u TSdsmRo ana WI" cease
The bonds OF the loan above mentioned may be
surrendered and after April s. and VIII De re-
ceived at valuation equal TO their present worth
ike y amounts Of United States registered or coupon
bonds bearing interest at the rate OF per eens
per prema % of I per seH J" eA'"'
TO effect the exchange the Sutsta,ndinE bo1 mas
Treasury in accordance with the terms OF this cir
rder ~ KEY be @ Surrender re Of them to Rm and
bonds bearing interest at tho rate of per cent per
i amRe% VIII De issued J" the same 0'ae' " %
Bonds held by the Treasurer Of the United States
in trust for a national bank be surrendered
by letter addressed 10 the Secretary OF the Treas
resenting the bonds. together with resolution Of
the board Of directors OF the bank. authorizing the
' The priority Of the issue Of the new bonds
be determined by the date OF the receipt by the
Secretary Of the Treasury OF the outstanding
bonds or the papers representing the sane. pro-
oS for sueR as set forth hersaer in
@ of the bondS to bs viii take date
from the receipt and acceptance Of corrected bonds
ANY registered bonds forwarded should be as
signed 20 the Secretary of the Treasury for ex-
change into per cent bonds"
All bonds surrendered for refundng should no
accompanied with remittance OF cash or bankable
funds made payable TO the order OF the Treasurer
of the United States. equal TO the premium or
When the new bonds are issued the amount
worth OF the per cent bonds to yield an income
of 2h per cent per annum, plus the difference IN
from April 1897 10 date OF exchange VIII be paid
o the owner by check drawn in his favor by the
treasurer of the United States.
The new bonds will be issued in denominations as
follows Coupons. $50. sl0O $500. $1,000 registered. $50
that they may be uniform as to date of maturity
with tine per cent cOnsols OF 1881. now OuSstahd-
ing they will be dated April l. 1900. bat interest
thereon will begin April /. 1907.
Blank forms OF application fer the exchanges
institutions have been prepared by the uepS.rtIeIt
and may be obtained on application To the secretary
Any bonds received for refunding after the limit
Of $50 600 shall have been reached will be held
as the owners may desire. In either case the pre-
MUM above provided Tor VIII be promptly re-
The circular OF March IA 1907. providing for the
redemption of $4,000 OF the per cent ponds
until that amount of such bonds shall have been
received GEORGE B. CoRTELYOU. Secretary.
The result OF rounding 500 1 per cent bonds
OF 1907 under this circular is stated follows Cost
of 500 per cent bonds April 10: Face value
and premium al 3 per cent. Slc3; accrued interest
10 April TO- . cents; total cost. sos o. Present
worth Of per cent bonds 800 39 accrued interest
IN Aprn 10 10 cents. Proceeds Of As, 500 40. Net
cost OF the per cent bond premiuml. s. S.