New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-08
MR. SHERuIy's BOND OPERATIONS.

THE GSAwING CURIOSITY or MR.. BRIGHr on
CERTAIN POINT sArIsFIED-A CALL FOR SUB
sCmrTIONs TO THE FOUR PER CENTS.
IBY TELEGRAPH TIE TRIBusE.l
WAenINGToN. March THE Secretary of the
Treasury sent the following letter to the House of
Representatives to-day:
TREASURY DEPARTMENT March :. 1878.
Tie hon. SAINT j. RANDALL, Speaker Of ne House Of
sIT: In response TO the resolution offered by Mr.
Bright; which requests the Secretary of the Treasury
inform the House OF Representatives Of the CONGRESS OF
al any OF tho bond, the United states the Ouistand
ING rsaltcndcr notes OF the United states par adding
ibc current NcwY Drk premium III COLA and c0lnis sion
Tor .riing or whether he has authorized the sale OF
such bonds legatend,r notes upon any other terms
The arnount ef he proceeds OF such bonds, etc."
lave lie honor 10 all bonds disposed of by
anthorz ng act Of July ii. 1870 To promote the
ycnience OF subscribers, the department has made ar
rapgcments with tho National Bank OF Commerce OF
Ncw-York 20 public depository, whereby currency
drafts DO received from subscribers aud collected
aud converted into com Tor hri ~ current rates on
the day of tho transaction, and such collections and
convcra ons navo been made 10 the extent of ahodt
5000, representing thAt!-hVe SUBSCRIPTIONS. Very
respectfully, JOHN SHERMAN.
Tho following circular was issued by the Treasury
Department to-day calling for popular subscriptions
to the i per cent bonds OF 1907 and making pro-
vision for the manner in which subscriptions snail
he rc,civtd:
The Secretary OF the Treasury WILL until further notice,
receive subscriptions Tor the per funded
loan Of the United States, in denominations us
stated below. at par and accumulated interest in coin.
rne bonds are rcdcemUble July l. 1907, and bear
c.t payable quarterly, Oh the lSt day OF January, April.
July and October Of each year. aud are exempt from ne
payment duties to the United STATES. vel
as from taxation any form 10y or under State mun.-
cpal or local authority me subscriptions may Oe made
FOR coupon nd, of 800 $780, 500 and 900 ana for
registered bonds OF $780, 500, 5000 $1,000 5000 and
$1,000.
Two per ccnr OF the purchase money must accompany
the subscription The remainder may be paid at the
pleasure or the purchaser either az e time of snbcfp-
non or within thirty days thereafter with interest
the OF the subscription at tine rate OF per cent
per to date II payment Upon the receipt OF iuii
10 The subscribers, ard commission OF II OF per cent
Will ho allowed upon the amount subscriptions but
commission VIII DC pad upon any Single subscription
Forms OF application will he furnished by the Treas
ul.r At Washington; the Assi5tant.l rtaFurcrs at Bnl
more, Boston, Chica-p' ,.hld aus N"W-
York. Phllcphia IT Louis ana san FRANCISCO, ara ~
National banks ANA banAers generally. Tue apphca-
uohr must tlecB Tue amount az" uHholhIhAil'l5 re-
qurcJ. and for registered bonds the FIJI name and post
address oI the person 10 whom inc DOluS sidI be
ihe interest the registered bonds VIII be paid by
ch,t issued by thC Treasurer OF the United states to
inc order Of the hodcr ana mailed to ms address inc
cnrck IL payable presentation, properly Endorsed. at
~ the United states. Payment for no bonds may
b. Iado cola 10 tho Treasurer OF Inc Oncd states,
at Washington, Acknowledgements at Baltimore,
Boston, Chicago Cincinnati heWOrltahs, Nc"-lor
Phlaicphiu, ~ Louis md san Francisco. To promote
The con cnicncc OF the Subscribers tho Department viii
also IN lieu OF com, called bones Ol M United
=; atcs, coupons past due or maturing Wiihm thity
days, and gold and silver certificates OF DEPOSIT Als
coin drafts Hc"iolk lor tue amount Oh tholr pro
cecls. -,
Bank OF Commerce OF New YORK, pubic depository,
whereby currency drafts can be received by the Sccre
tary Of the Treasury on account 81 subIcrpuGns
thereof on the day OF collection New-iork viii be
credited 10 the subscribers. Any amount beyond what
is required in payment OF the bonds wl be returned TO
subscribers By bank draft with uli statement Of tue
transaction. The coin and currency drafts mentioned
should be drawn in favor oil tho Secretary Of the treas