The New York herald., 1878-03-08
GENERAL WASHINGTON DESPAT CHss.
WAsnTN0ToH, March 7, 1878.
THE PANDORA EXPEDITION.

TIE PANDORA EXpkDITIoN.
The Senate Committee on Commerce today agreed
report bill providing for compliance with James
Gordon Benefits request that the Pandora be allowed
to sail under the American ag and that naval officers
be detailed for service that vessel proposed
Arctic explorations.
THE FOUR PER CENT LoAN-CIRCULAR FROM
THE TREASURY DEPARTMENT.
The following circular was to-day issued by the
Treasury Department.
Tho Secretary OF the Treasury. wiu until further
notice, receive subscriptions for the four per cent
funded loan OF the United States in az
stated below, at par and accrued interest coIn The
bonds are redeeinapIe July 1907, bear Interest
payable quarterly ON the 1rst day Of January, April,
July ana October OF each year, and arc cx-
empt from the payment OF taxes duties
to the United States, us well from taxation IN
any by under State, municipal or local author
ny. The subscriptions may be made for coupon bonds
S sSo :o 1000 s sSa @ @ ana 6oa for "a Tsgs,sTsa aSS
Two per cent OF the purchase money must accompany
the subscription; the remainder may paid ~ The
pleasure Of the purchaser either time SUBJ
ipt0n within thirty days thereafter with inter.
the amount oi tho subscription The rate Of
four per cent per annum TO OF payment Upon
receipt oi full payment the bouds viii be transmitted
froe of charge to thc Subscribers and "a commission
oi quarter OF per cent will allowed upon the
amount 0i SUBSCRIPTIONS but no commission Will be-
pau upon any sDg.e subscription less than 81 0OU
Forms Application Will be furnished by the Treasurer
Washing on, the assistant treasurers Baltimore
Boston, Cnicago C,ncnuati, New Orleans, New York,
Philadelphia 81 Louis ana San francisco, aud by
pational banks aud bankers generally. The appica-
tions must specify the amount aud dcnominal
required, tor registered bonds the full name and
post Office addrcss OF the person to whom
the bonds shall bo made payable The interest on the
registered bonds will be uaid by check issued by tho
Treasurer Of ths Uniied States to the order Of
holder, mailed to his address, The check
Is payable on presentation, properly indorsed, ut
the Offices OF the Treasurer aud assistant treas
urers ot the United Stutes Payment for the
bonds may be made " the Treasurer of the
Unned States At Washington or assistant treasurers
al Baltimore. Boston, chicago, CincInnatt, Now Or.
leans, New York, Philadelphia, ST. LOUIS and San
Francisco To promote the convenIcnce oil tho SUD-
roiu called bonds oi tho Unod States coupons past
Gue or maturing WITHIN thirty days and gold abd
silver certificates OF deposit also coia drafts New
YORK Tor the amount OF their proceeds.
Arrangements have been perfected with the
National Bank Of Commerce, Of New York, u public
depository, whereby currency drafts can be received
by the Secretary OF tho Treasury account OF sub
scrptons four per loan, the coin value
thereof on the day Of collection In New York will DO
credited to the subscriber Any amount boy what
Is required in payment Of the bonds viii returned
TO subscriber by pnnk draft, fuii statement OF
the trans, ,ction The coin currency drafts men
ioncd should be drawn the Secretary
Treasury.
THE TOLEDO PosTMAsTERsHiP.
The Senate Committee Post Onices and Post
Roads morning assigned next Thursday for action
upon the nomination OF Alexander Reed AZ postmas-
ter at Toledo Tho committee also determined that
oral arguments should be heard IN regard TO
TINS long contested case, although additional briefs
may be died by parties SO dosirng
THE ISSUE OF THE NEW SILVER poLLAR-How
II is TO BE USED BY THE SECRETARY OF
THE TREASURY
Alter iull consideration and consultation with
members of both houses OF Congress the Secretary
tho Treasury determined The nrst silver dot
lars 10 be issued will be used only In exchange at par
for gold coin or for the purchase Of silver bullion at
market price, He does not feel at liberty TO use them
to pay for current expenses until tho amount coined
s sufficient furnish all alike without d,scrim ina
ton nor he deem expedent at present to ex-
change them for United States or TO use them
in payment OF tho interest the public debt ntii
the amount coined fs sufficient enable him 10 do 80
impar,aliy.
Tho silvor certificates will DO ready for ISSUE
and OF the form oi bank notes, engraved In tie
best manner and printed on bank note aDrs paper
FREE TELEGRAPH CABLEs-BILL OF SENATOR
HOWE.
The bill introduced by Senator Howe to-day, "rela-
two to telesraphic between the United
States and foreign countries" embodies copy Of tho
bill introduced by that Senator In tho last Congress
zng tho Secretary o State 10 grant permission
to any aud all parties Land cables ON our coasts
subject to certain specified conditions) and contains
tho following new scction:-
Any person on board Of any ship or vessel regis.
tered IN the Uaited states and sailing uuder tho
flag Of the United states who shali wiluy ibjure
destroy any cable used Tor iho TRANSMISSION oi tcle
graphic dispatches between iorcign countries, upon
the high scas. shall upon conviction thereof IN any
District Court Of the UDltcd States. bo subject 10 .
nne NOT exceeding $4,000. or 10 Imprisonment iof
term not exceeding hve years, or both, ut the dis
croti0n oil inc Court ana thu owners of su,h
injured OF destroyed cable shall nave right ol action