Historic US Debt Redemption Act Proposal 1807
The act proposes a voluntary subscription by creditors to redeem old four percent and deferred stock, creating new certificates bearing six percent interest and redeemable at the United States option. It authorizes London Amsterdam agents to issue and transfer certificates, sets redemption rules, and funds through the sinking fund to pay interest and principal.
Georgia Loan Office Notice on 1807 United States Stock Exchange
The Georgia Loan Office opens July 1 1807 through March 17 1808 to receive subscriptions for old six percent deferred six percent and three percent stock. Holders surrendering stock receive new six percent stock or a sixty five percent exchange for three percent stock, with conditions on redemption, repayment, and potential priority by lot. European subscribers may receive interest in the United States or in London or Amsterdam with bankers commission.
MENTIONED IN THIS ARTICLE
Treasury Department
Treasury
Secretary of the Treasury
Loana
United States
Nath J. Macon
House of Representatives
Geo. Clinton
Senate
Jefferson
Georgia
Europe
London
Amsterdam
Proprietors of 1000 dollars stock subscribe dates 1807
Proprietors of 1000 dollars nominal six percent stock subscribed before December 1807 are entitled to receive portions of new stock. Subscriptions dated between October and December 1807 are referenced with figures 6496 and 64437 indicating allocated shares.
MENTIONED IN THIS ARTICLE
Mae
St Otober
Old Stock Subscriptions and Redeemable Amounts Declared
Proprietors of various stock issues are informed of redemption values and deadlines. Subscriptions received before October 1807 and between October 1807 and December 1807 are allotted specific sums. Old stock redeems as of July and October 1807, with January 1808 deadlines. Proprietors holding 1000 dollars three percent stock will receive 650 dollars of new stock.
Publication Order for Attested Document
The Executive Department of Louisville announces that an attested document by a Secretary of this Department shall be published in the Public Intelligencer Augufa Chronicle Louisville Gazette Farmers Gazette Monitor and Georgia and South Carolina Gazette. The order is dated June 26 1807 and specifies newspapers for dissemination.
MENTIONED IN THIS ARTICLE
Louisville
Public Intelligencer
Augufa Chronicle
Louisville Gazette
Farmer's Gazette
Monitor
Georgia and
South Carolina
Land Lottery Draw for Creek Land On August 16 Louisville
The land lottery drawing for Creek land under the 1805 treaty will begin at the State House in Louisville on Monday August 16. Secretary Fames Bozeman announces the official action and notes the act authorizing the disposal.
MENTIONED IN THIS ARTICLE
Jace Laft
City of
Washington
State House
Louisville
Fames Bozeman
Also Mentioned on This Page
U. States
Penate
United States of America
Congress
Ammsterdam
Extary Department
Tate
Fich
Great-Britain
Great Britain
Holland
Amterdam
Augusta
Tayloring
Joshua Mears
Broad Street
Executive Department
Land Lottery
John Howard & Co
William Howard
John Howard
Rhesa Howard
E. Jordan
J. Barnett