The Portland daily press., 1878-06-21
WASHINGTON.
Bouds Called I'm.

BONDS Calleu I'm.
WASHINGTON, June 2O.-The Secretary of the
Treasury this afternoon issued the Goth call for
the redemption of $40 bonds of 1865. The call
is for $5,0O0,000. of which So, 100000 are regis
tered bonds. The principal and interest will
be paid at the Treasury on and after the Goth
of September and the interest will cease
that day.
The Life Saving Service.
Superintendent Kimball will reorganizs the
life saving service on the Atlantic coast so as
have it in working order before the fall storms.
The lake service will also be speedily reorgan-
lied.
A Serious BInuder in the sundry Civil
Bill.
In the sundry civil appropriation bill, as re-
ported from the committee on conference last
night, there was section providing for con-
tinuance of the Hot Springs commission,
created in 1877, to appraise and sell the valuable
government reservations which embrace those
springs in Arkansas. The surprising discovery
was made today that this section was almost
entirely omitted in the enrolment OF the bill
in the office of the Clerk of the House of
Representatives. The operations of the Hot
Springs commission will have to be suspended
till Congress can again act upon the subject.
Meanwhile the present occupants of the reser-
walton will remain undisturbed. Very large
pecuniary interests are involved.
The Potter Investigation.
The Potter investigation committee were not
in session today, and will not probably meet
again until Saturday, though acting Chairman
Morrison may endeavor to get the committee
together tomorrow.
The A Per Cent. Loan.
The Secretary of the Treasury has issued q
circular calling attention to the per cent
funded loan of the United States now offered
by the department All subscribers shall be
allowed commi ssion of quarter of 1 per
cent. All national banks are now invited to
become financial agents of the government and
repositories of public moneys received on the
sale of these bonds. All banks bankers and
persons are invited to aid in placing these
bonds and can make their arrangements
through the national banks fori the deposit of
the purchase money. The proceeds of sales of
the bonds till further notice will only be used
in the redemption of 500 pgr cent bonds
under the refunding act. As soon as the
per cent bonds are paid for call will be issued,
maturing within 80 days, for redemption of the
6 per cent bonds and the money received for
the per cent bonds will remain on deposit
until such call natures. Payment for the
bonds may be made in coin certificates of de-
poslt OF government repositories, called bonds,
coupons, maturing within thirty days, or in
currency draft on New York in favor of the
Secretary of the Treasury, which will be re-
ceved at coin value thereof at the National
Bank of Commerce of New York. The circu-
lar SAYS:
"The favorable state of the money market
induces the Secretary to press upon the people
this loan by which they can obtain direct from
the government national bond of the highest
credit and sanction, exempt from taxes and
payable (principal and interest) in coin. Every
citizen of the United States is interested in the
success of this loan, as every sale of these
bonds enables the government to save one-third
of the interest on an equal amount of the out
standing debt