The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1878-06-27
The Popular Feur.Per.Cent. Loan.

WASHINGTON, June 2O.-The Secretary of
the Treasury has issued a circular calling at
tention to the four-pe cent. funded loan of
the United States, now offered by the Depart
ment at denominations for coupon bonds Of
$50, Sl00, $500 and SltO0, and for registered
bonds of $50, 500, Sr0 and 81 900, So, 600 and
$40 900, at par and Accrued interest to date Of
subscription in coin. The bonds are redeem
able July ], 1907, and bear interest payable
quarterly on the first days OF January, April,
July and October of each year, and are eX
Umpt frou the payment of taxes or duties to
the United States, ~ wei as from taxation in
any form by or under State, Municipal or
local authority. Upon tull receipt of full
payment bonds will be transmitted free
of charge to subscribers, and a
commission of of | per cent.
will be allowed upon the amount OF subscrip-
lions. Commissions will be paid by check
only, and will not be applied in payment of
subscription. All national banks are now in
fited to become financial agents of the Gov.
eminent and repositories of public moneys
received on sale of these bonds upon COM
plying with section 5, ls3 OF tie Revised Stat
utes of the United states. Ali banks, bankers
and perstsiis are invited TO; aid in placing
these bondS, and can make. their arrange
ments through national banks for the deposit
of purchase money of the bonds. The pro-
ceeds of Fhe sale of the bonds will, until
further notice, be only used jim the redemp-
tom of $40 per cent. bonds OF the
United States under the Refunding act.
Payment for bonds may b3 made in coin,
coin certificates, certificates of deposit OF
Government repositories, Z called" bonds,
coupons maturing within 30 DAYS, or in cur
Iency drafts ON New York in favor of the Sec
rotary of the Treasury, whi0h will be receiv
ed at coin value thereof at the National Bank
of Commerce, New York. Any payment in
excess Will be returned with commission. All
coin and currency drafts on New York should
be forwarded directly to the Department by
subscribers or THEN agents. Tpe circular con-
tinues- "The tavorsble state of the money
market induces the Secretary to press upon
the people this loan. by Which they can OBJ
tain direct from the Government a national
bond OF the highest credit and'sanction, ex-
sempt from taxes, and payable, principal and
interest I'm coin. Every citizen of
the United States is interested in
the success of this loan, as every
sale of G. ese bonds enables the Governments
TO saveone-thtfd Of tile interest on an equal
amount of the outstanding debt to be re-
deemed. These bonds should be the store
house for the savings OF the people. No IA
cilty or advantage Will be given to large
subscribers. II Is in the interest of the pub
lie that bonds be distributed i'll small sums
among the largest numbers t our fellow
citizens Subscriptions to an amount equal
to tile bonds now redeemaJle would make
an annual saving OF ss95l6l2, and such sub
scriptions can NOW befmade without with
drawing from circulation any OF the money
of the people. an blanks, or forms, or in
formation needed will be furnished by the
DepaItment without COST, s..ft ..g..t @