The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-07-31
GENERAL WASHINGTON DISPATCHES.

WASHINGTON, July 80, 1877.
THE INTEREST ON THE THREE-sIxTy-FIvE DIS
TRIcT OF COLUMBIA BONDS.
As II appears from your statement and that OF the
Treasurer OF tho United States OF tho 27th inst that
you have to your credit In the Treasury OF the
United States OF the revenues OF the District oil Co
umbla not required for tho actual expenses OF
such schools the Police and Fro Departments sum
c,ent sum to meet the interest accruing tho 1856
bonds OF the District have to inform you that, In &C.
cordanee with tho act Of March 1877, have to-day
advanced to tho Treasurer Of tho United statos
$3.50 sl4 81 for the payment OF tho interest falling
duo on said bonds on the Is! PROF.
THE EXAMINATION OF THE TREAsURER's OFFICE
Chief Clerk Upton, Of the Treasury Department, and
Mr. s. n. Middleton, OF this city the committee ap-
pointed 10 examine the affairs Of the Office Of United
States Treasurer upon tho transfer OF that Office from
Mr. Wyman to Mr. Gildan, tho present Treasurer.
have completed their investigation. The report
covers un immense array of figures referring
to tho business Of this Office, and shows that
during Mr.. Wyman's term OF Office there
was received into the Treasury and paid out sum of
over S74O 600 000 with no errors whatever excepting
small ono of less than S., that being surplus The
report indicates excellent management on the part OF
ex-Trcasurer wynan, and shows tho Treasury to DC
In very nearly the Same condition II was about year
ago.
THE REDEMPTION OF THE FOUR PER CENT
poSDs-poEs THE LAW PROVIDE FOR THEIR
PAYMENT IN GOLD COIN?
Tho attention OF Secretary Sherman has been called
TO the following inserted In tho London papers by the
Syndicate IN their advertisement Of United States new
four per cent bonds Tor tho sc OF which they the
agents.
These bonds latter rcci,ng the tito Of tho Act OF July
H. 1870 are rcdcemaDle at tho pleasure OF the United
States after the LIST day OF July, 1907 10 coin OF the
standard value OF United States said July IA
1870 gold coinl, with interest in sucn COIN
The Secretary said that, IN his opinion tho fact that
the words .'gold COM were placed In the ADVERTISE
mont parcnthcsis shows that they constitute no part
OF the law and made the statement air one. He also
declared that as the bonds question had been ssu cd
in exchange Tor gold coin, they could no,
be redeemed by anything but gold coin or
It's full equivalent. Hc WAS not rcndy
10 admit that any Intention exists the part of the
syndicate convey the impression that the law pro-
v,dur Tor the issue OF tn. bonds made them payable
in gold coin. The advertisement appeared to him to
mean that gold coin was the standard coin which
the bonds wcre issued. Mr. sherman added that there
can be question that all parties will unite In requir
nr tho pay men OF this coin in gold dollar OF 20
grains, 9.lo ane.
SALE OF GOLD ORDERED.
The Secretary Of the Treasury has directed the AS
sistant Treasurer Ut New York TO sell 81 200. 900 IN
gold on Thursday next at noon. Tho remark of tho
Secretary this morning, on inquiry, was that he had
no idea Of selling So 900 900 OF gold in August,
ported, but that tho sale OF siOoO,ooo on the date
named is to redeem United States notes by reason OF
the issue OF national bank notcs