Daily Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1876-1884, 1878-03-07

Committee OF the Whole was
passed.
Meeting of Railroad Managers.
NEW YORK, March 6th.-A meet
ing of railroad managers and |
freight agents was held to-day. The
business transacted related chiefly |
| to western freights. A general |
meeting will be held tomorrow.
Judge Briggs Bead.
NORFOLK, Va, March eth
Judge Asa Briggs died suddenly
this morning, aged 6S. He has been
a member of Congress several terms
and a United States Senator.
DuIi Wool Market.
Boston, March 6.-Wool very
dull; feeling for all kinds and prices
still rather unsettled, with little or
J no prospects at present of any ia
vorable change. Fine fleeces are
quite neglected, and sales can only
be made at concessions. Transac.
: tions include Ohio and Pennsylva-
MIA at 42644c for all grades from
, medium to xxx; New York, Mich
7 igan and Wisconsin at 37t@42c;
aud combing and delaine selections
, at 44050c for coarse and fine; Cali
fornia wool in moderate demand at
15@25c for fall, and 1S@32c for
e spring; superiine and X pulled wool
sells slowly at 30@45c.
The New Bonds Btii.
|. WASHINGTON, March G. - Fol-
lowing is the full text of the bill as
n it passed the Senate to-day:
e Be it enacted, ETC., That in lieu
s. of the amount of per cent. bonds
y of the United States authorized TO
be issued by the act of July l4th,
1870, the Treasurer is hereby au-
thorzed and directed to issue sum
not exceeding 500, 900, 900 ofcoupon
It bonds Of the United States or the
st denominations of $25, $50 and $500,
s. and of equal sums of each of said
ID denominations, redeemable in coin
IS five years from the date of theil
e. issue, and bearing interest payable
ID semi-annually at the rate of pei
"a cent. per annum; and said bond;
It shall be exempt from taxation In
le like manner as those in place o.
lie which they are to be issued.
er Section 2. That said coupon
as bonds shall be made payable to the
a order of the person who shall pay
III money therefor and the name o
- such person or his or her assignee
or of any subsequent assignee ant
his or her residence shall be regis
tered as the owner of such bond il
like manner as If the same was
registered bond; and such coupon
bonds shall be transferable only by
assignment duly acknowledged be
fore and certified under seal of thu
- Clerk of the State Court, Fedora
a. Court or United States Commits
sioner, which assignment shall alst
u be executed in the presence OF tw'
o, subscribing witnesses and such as
Pill signment may also be made leav
lc ing name of the assignee blanl
VI. and when so made in blank, exc
MT cuted as hereinbefore provided
III said coupon bond shall be trans
as ferrable by delivery in like name
Is as if payable to bearer.
d. Sec. g. That the coupons at
70. tached to said bonds shall be paya
bile either in United States lega
tender notes or in coin, at the op
IN ton of the United States; and tn
~. same shall be paid at any of tn
od sub-treasuries or money deposito
~. ~ ries of the United States, or at an.
T., national bank; and it is hereb.
r., made the duty of said nationa
~ banks to pay said coupons upol
70, presentation without charge an
'.s remit the same to the treasury 70
I've redemption; but said nationa
n nc banks shall only be required to d
re so upon the production of the PROF
re er bond to which the coupon pre-
Of scented shall have been attached.
Of Sec. 4. That the Secretary sha
on ~ keep said bonds for sale at the dill
an ferent sub treasures, nations
W banks and money repositories c
,r the United States, and shall dispos
I've of the same at par and accrued in
re terest for coin or for United State
Cd legal tender notes at their nomina
70 value, and such legal tender note
,;1 shall be re-issued and their pre-
,sS ceeds and the coin received fc
40, such bonds shall be applied to tn
Cd redemption of Outstanding bonds {
~ the United States which are RI
Wv deemable and bear the highest rat
~, of interest of such bonds.
70 Sec. 5. That the provision
er Sections 1904 and 3705 of the RI
80 vised Statutes of the United State
no authorizing the issue of anothe
Of bond in place of any registere
"a bond lost or destroyed, are hereb
.as made applicable to the bonds to !
ed issued under this statute, but onl
NJ. in case of the loss or destructio
or theresa. Before the execution of tn
,st assignment in blank thereon, tn
~ Secretary of the Treasury is autho
Of lied to make such rules and ordel
,oa as may be necessary to carry o,
he the provisions of this act.