The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1877-06-15
WASHINGTON.
Payment Of Bonds i'm Cold. i

WASHINGTON, June l4.-Ine Secretary OF Lne
Treasury states that the letter printed yester-
day upon the subject of the payment of bonds
in gold, signed "a. f. French, Assistant Secre-
tary of the Treasury is not the official action
of the Treasury Department. as intimated, on
" as an expression of the individual views of
Mr.. French. The Secretary has not taken, nor
will he take, any action in the matter. as to do
so would seem to PREJUDICE any action which
Congress might determine to take on the sub
ject.
The syndicate's Prospectus.
The following is the official prospectus issued
by the syndicate in accordance with their con-
tract of June 9th, with the Treasury Depart
ment, for the sale of United States As under
authority of contract with the Secretary of
the Treasury:
The undersigned hereby give notice that from
this date and until July 18th at 8 p. m, they
will receive subscriptions for the 4 per cent.
funded loan of the United States in denomna-
tions as stated below, at par and accrued inter-
est, In gold coin.
The bonds are redeemable after 80 years
from July 1st, 1877, and carry interest. from
that date, payable quarterly, and are exempt
from the payment Of taxes or duties to the
United States, as well as from taxation in any
form by or under state municipal or local au-
thority. The interest on the registered stock
will be paid by check issued by the Treasurer
of the United States to the order of holders,
and mailed to his address. The check is pay
able Oh presentation properly endorsed at the
offices Of the Treasurer and Assistant Treas
urers of the United States The subscriptions
will be for coupon bonds of $50 and 500, and
registered stock denominations of 800, 800
$500, $1,000, $4,000 and $4,000. The bonds,
both coupon and registered, will be ready for
delivery July 2, 1877. Forms of application
will be furnished by the Treasurer at Wash.
ington, Assistant Treasurers at Baltimore, Bos-
ton, Chicago, Cincinnati, New Orleans, New
York, Philadelphia, st. Louis and San Francis
co, and by national banks and bankers gener-
ally.
The applications must specify the amount
and denominations required, and for registered
stock the full name and post Office address of
the person to whom the bonds shall be made
payable. Two per cent of purchase money
must accompany the subscription. the remain
der may be paid at the pleasure of the purchas-
er, either at the time of subscription or at any
time prior to October 16, 1877, with interest
added at per ceut., to date of payment. Pay
ments may be made in coin to the Treasurer of
the United States at Washington, or Assistant
Treasurer at Baltimore, Boston, Chicago, Gin
cinnati, New Orleans and ST. Louis, and also to
the Assistant Treasurer at San Francisco, with
exchange on New York, and to either of the
undersigned to promote the convenience of sub
scribers.
The undersigned will also receive in lieu of
coin United States notes or drafts on New York
at their coin value on the day of the receipt in
the city of New York.
(signed,)
August Belmont & Co., New York; Drexel
Mogan, New York; j. & W. Selgman, New
York; Morton, Bliss & Co., New York: First
National Bank of the city of New York.
Drexel & Co., Philadelphia
Issue of 81 and 50 Greenbacks Discon-
tinued.
The issue of 81 and So greenbacks was dis
continued at the Treasury in this city mainly
to induce banks and individuals to take and
put in circulation silver coin. Silver is now
going out of the Treasury rapidly at about
million dollars month, and the full green
back fund of ten million dollars authorized by
probably soon resume shipment of 81 and So
IN moderate amounts. 1t is impossible, on
account of the smallness of the appropriation
for transporting government funds, to supply
assistant treasurers with notes for exchange,
and some of the local inconvenience arising
from the lack of small notes must be laid to
the comparatively small amount appropriated.
The President and Southern Appoint
menis.
To many delegates from different parts of the
South who visited the President within few
days, favoring applications for official positions,
the general tenor of his views has been that
his aim Is to place the best men possible in pub
lie positions, looking to the general welfare of
the whole people, and the material Interest of
the States and communities in which they hold
office. The delegations have, without excep-
ton, assured the President of the hearty acqui-
sections in the policy they understand is guiding
the administration in SO far as it relates to the
control of offices in Southern States.
Various Matters.
Flags on the public buildings and many bus.
mess establishments were displayed today ia
honor of the 100tb anniversary of the adoption
of the Stars and Stripes.
despatch today states that Senator Ferry is
convalescng.
Internal revenue. receipts $31O. 665; customs
$2S5,2S0.
G. G. Adams, special agent, has been APP
pointed on the commission to examine the
bureau of statistics, in place of Titcomb.
Secretary Sherman has submitted to the At
torney General the question whether he can le-
gally replace with silver coin the amount of
fractional currency estimated to have been lost
and which it is believed will never be presented
for redemption. A decision will be given in
few days.
Secretary Evarts is introducing system of
civil service reform as regards the appointment
of consular clerks. A clerk who has been
three years in the State Department yesterday
signed to Honolulu.
The Baltimore Gazette has the following:
Today there was filed in the office Of the Re-
corder of Deeds, two deeds of trust drawn by
w. j. Murtagh in favor of W. E. Chandler,
to secure to Geo. NJ Robson $35, 535-the first
for $4,000 on improved property on Sixteenth
and-a half street, opposite Lafayette square,
and the other for Sis, 535 on the presses and
printing material of the National Republican
building
A general order, issued by direction of Gen.
Sherman, forbids the transportation by the
Quartermaster's Department of persons to SOL
dIer's homes unless ordered by the Secretary of
war on application OF the commander of the
home.
Gen. g. f. HenningSeD we'll known in con.