The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-05-11
SHERM AN CALLS.
Aud Wants Another So. 100000 of the
Five-twenties-New Regulations
as to the Four Per Cents

The following circular which virtually is the
f1ity-seventh call for the REDEEM ption of the in
debtedness of the United States, has been Is
sued by the Secretary of the Treasury, under
date of the sixth instant and includes. as will
be a total of S. 900 900 of the f1ve-twenties
that tho Secretary of the Treasury desires re-
turned to his department for redemption:
TREASURY DEPARTMENT1
Washington. May 6, 1878.
By virtue Of the authority given by the act of
Congress approved July IA. 1870. entitled An
act to ! authorize the refunding Of the national
and accrued interest of the bonds hereinbelow
designated. known AZ Flve-twenty Bonds" OF
paid at the Treasury Of the United States, In
the City OF Washington. on and after the sixth
SAID DOnds Will cease on that day:
COUPON BONDS.
dated July /. 1865 namely:
$5O-ko. 53,0m to No. $1,000. both inclusive.
sloo-No. 9o.ool to No s5 900. both inclusive.
slooO-No. ia 40l to No. 900. both inclusive.
REGISTERED BONDS.
redeemabe at the pleasure of the United
States after the first day OF July. 1s70,' as fol-
| lows.
| s5o-No. 1901 to No. 1850. both inclusive.
sloo-No. Is 2ol to No: 1910. both Inclusive.
800 :5oooN9 e: saol 20 to No IS $3.50 both Inclusive.
| s5oOe-No. 1901 to No 1850. both inclusive
so9oMo g t." Mo- Is 49, both inclusive
1000; aggregate. s.. 900 600
Tho amount outstanding, included in the
ab9ys dtsa Is five emil mon doasd
demption. should be addressed to the Loan
Division. seeretary's OffiG and all registered
| bonds should be assigned to the Secretary Of
the Treasury for redemption."
Where parties desire checks In payment for
registered bonds. drawn to order of any one
| but the payee. they should assign them to the
| Secretary of the Treasury for redemption ac-
count OF the owner or owners. giving name or
names thereof
JOHN SHERMAN. Secretary.
| In another circular of the same date. and re-
ferring to the new per cents, the time for the
! final deposit of the subscription is extended
from thirty to ninety days.
TREASURY DEPARTMENT I
Washington. May 6. 1878. !
The Secretary Of the Treasury will. until
| further notice. receive subscriptions for the
per cont funded loan of the United States. In
demon nations rs stated below, at par and ac-
| crued interest. In coin.
The bonds are redeemable July /, 1907, and
bear interest. payable quarterly, on the first
day OF January, April, July and October Of each
taxes or duties to the United States, as well as
from taxation in any form by or under State.
municipal. or local authority.
The subscriptions may be made for coupon
bonds OF $50 300 $500 and $1,000. and for regis.
tered bonds OF s50 500, $500. $1,000. $1,000 and
| $4,000.
Two per cent of the purchase money must ac-
company the subscription; the remainder may
Do phlu ~ tne pleasure OF LnS purchaser, 6lCler
at time OF SUBSCRIPTION, or within ninety
days thereafter. the accruing interest on the
bonds to be computed at the rate OF per cent
per annum to date of payment.
Upon the receipt of full payment the bonds
will be transmitted free of charge to the SUBJ
scribers. and commission OF one-fourth of
| OF subscriptions. but no commission will be
paid upon any single subscription less than
$1,000. -
Forms Of application will be furnished by the
| Treasurer at Washington the Assistant Treas
urers , at Baltimore Boston. Chicago, Cincin-
Louis Lou and San francisco. and by the national
banks and bankers generally. The applications
must specify the amount and denomi ations
name and postoffice address of the person to
whom the bonds shall be- made payable.
The interest on the registered bonds will be
paid by check, issued by the Treasurer of the
United States to the order Of the holder and
mailed to his address. The check is payable on
presentation. properly indorsed at the offices
of the Treasurer and Assistant TreasurerS of
the United States
Payments for the bonds may be made In coin
to the Treasurer of the United States at WASH
ington or Assistant Treasurers at Baltimore.
Boston, Chicago. Cincinnati, New Orleans, New
York. Philadelphia ST. Louis and San Fran
cisco.
To promote the convenience of subscribers,
the Department will also receive In lieu of
coin. called bonds Of the United States. cou-
pOns past due or maturing within thirty days,
and gold and silver certificates Of deposit:
also coin drafts on New for the amount Of their
proceeds.
Arrangements have been perfected with the
National Bank of Commerce of New York,
public depositary. whereby currency drafts can
account OF snbscriptions to the four per cent
loan. and the coin value thereof. on the day of
collection in New York, will be credited to the
quired in payment of the bonds will be re-
| turned to subscribers by bank draft with full
Of the ransacton The coin and
| favor Of the Secretary of the Treasury.