"Proposals for a Loan of $1,000,000"

PROPOSALS FOR A LOAN OF $1,000,000. [OFFICIAL.] SPRINGFIELD, ILLINOIS, MAY 25, 1861.

Sealed proposals will be received at the office of the Treasurer of the State of Illinois, in the City of Springfield, Illinois, until 12 o'clock noon on the twenty-fifth day of June, 1861, and at the American Exchange Bank, in the City of New-York, until 12 o'clock noon on the first day of July, 1861, for One Million Dollars of the Stock of the State of Illinois, to be issued in accordance with an act of the Legislature, entitled 'An act creating a war fund and to provide for auditing all accounts and disbursements arising under the call for volunteers," approved May 2, 1861. The stock thus issued to be reimbursed at the pleasure of the state after the year of our Lord 1879, in the City of New-York, to bear interest at the rate of six percent per annum from the first day of July, 1861. Interest payable in the City of New-York, and to consist of bonds payable to bearer with semi-annual interest coupons attached, payable on the first Mondays of January and July of each year, in amounts as follows, to wit:

Two hundred and fifty thousand dollars in bonds of one hundred dollars each. Two hundred and fifty thousand dollars in bonds of five hundred dollars each, and five hundred thousand dollars in bonds of one thousand dollars each.

The proposals must state the sum offered for each hundred dollars of stock, and the denominations of stock bid for, and must be unconditional without reference to the offers. One percent of the amount offered must be deposited with some bank in the City of Springfield, Illinois, or in the City of Chicago, Illinois, or in the City of New-York, and a certificate showing such deposit must accompany the offer, subject to the order of the Treasurer of the State of Illinois, said certificates to be returned in case the offerings are not accepted.

The persons whose bids are accepted will be required to deposit the amount thereof with the Treasurer of the State of Illinois, at his office in the City of Springfield, Illinois, or at the American Exchange Bank, in the City of New York, subject to his order, within five days after the acceptance of their bids, at which time the bonds will be ready for deliver; the place where the offerings are accepted to be the place of deposit and the delivery of the bonds, unless otherwise specified in the bids. The right is reserved to reject any and all of the bids, if considered necessary to protect or promote the interests of the State.

The proposals must be sealed and addressed, William Butler, Treasurer, Springfield, Ill. "Proposals for Loan, 1861." or William Butler, Treasurer of State of Illinois, at the American Exchange Bank, New-York. "Proposals for Loan, 1861."

RICHARD YATES, Governor of the State of Illinois. JESSE K. DUBOIS, Auditor. WILLIAM BUTLER, Treasurer