The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1877-06-16
WASHINGTON.
MIR. TaIbol,s Successor

Mf. IaIOOps successor.
WASHINGTON, June 15.-At the Cabinet
meeting today it was agreed that the vacancy
to be created the Both inst, by the resignation
OF Geo. E. Talbot, solicitor Of the Treasury,
shall be filled by the appointment of Kenneth
Raynor of North Carolina.
The Pension Agencies.
The list OF appointments for consolidat ted
pension agencies throughout the United States
are not yet completed 1t is still believed to be
the intention of the President and Secretary
Schurz to ignore personal and political influ-
ence in these appointments and bestow them
in every instance upon those pension agents
who in the districts consolidated have made
best ''civil service" records and have the high
est personal character or who, other things
being equal, have the largest unexpired COM
missions.
The New Four Per Cent. Bonds,
The Secretary of the Treasury issued the fol-
lowing as an addition to the prospectus issued
yesterday in relation to tue four per cent.
bonds:
Any person subscribing and making pay
ment in full before July l, 1877, will receive
from the Treasurer of the United States an in
terest check covering the period from the date
OF such payment to the date of bond July l,
1877.
The Comptroller of the Currency has issued
the following circular to national banks in ref
erence to the new four per cent. loan:
TREASURY DEPARTMENT, \
OFFICE OF COMP'R OF CURRENCY, !
Washington, June 15 1877
In reply to various Inquiries received from
national banks in reference to the terms and
conditions upon which United States bonds
may be obtained, it may be stated that the is
sue of the a per cent. United States bonds has
ceased, and [ transmit herewith the published
proposals OF the associated contractors for the
new per cent. thirty year United States
bonds issued with the approval of the Secretary
of the Treasury. 1t is condition of the con-
tract that the loan should be offered for rea-
sonable period to the people of the United
States at par. The circular accordingly invites
subscriptions at par till the 18th of July prox !,
with the privilege of payment for three months
thereafter. 1t is understood the bonds will be
offered in Europe as we'll as here, and the as
sociates may advance the price after that date.
1t remains therefore to be seen to what extent
the privilege of purchase thus reserved will be
availed Of and the expectation and desirelis
general that the American subscriptions be as
large as possible. As the subscriptions BY people
outside of commercial cities will be paid large
ly in currency, while the bonds by law can be
sold only for gold it is.obvious that the banks
must generally be employed by the public
either for the purchase of the gold or for re.
hitting currency to the associates in New York
for that purpose. The bonds are dated july l
and bear interest from that date, but where
subscriptions made during the present month
date of subscription to the date of bond will be
remitted in check by the Treasurer of the
United States.
The bonds will be ready for delivery july
I'd. Payments made after July LIST will be charg-
ed with accrued interest at 4 per cent. from
the date of the bonds up to the date of such
payments. At current premium of gold the
present bonds will be sold at lower price tina q
any other issue, while as they mature only in
thirty years they are more desirable from their
permanence than bonds bearing higher rates of
interest whose net returns on the amount in
vested will be found to be slightly, if at all,
higher than the income from the new issue.
National banks who may desire to exchange
bonds now on deposit with the Treasurer, or
who propose to increase their circulation, can
avail themselves of the opportunity to subscribe
for these bonds till the 10Th of July, paying for
the same at any time within three months
thereafter.
The national banks have always heretofore
met the financial exigences of the government
with the essential assistance which they were
able to afford, and it is believed they will
heartily join with the Secretary of the Treas
ury in relieving the public burdens and giving
unity and simplicity to the system of national
finances.
(Slgned) JOHN JAY KNOX,
Comptroller of Currency,
Various Matters
LIZ was definitely determined today to make
no change in the District offices of recorder of
deeds and register of wills, now held by Simon
Wolf and Col. Webster respectively.
AT Cabinet meeting today the propriety of
treaty with England and the general terms
that should be proposed in the event of such
negotiations being inaugurated were subjects of
discussion without action,