The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-04-23

the improvement Of New Orleans harbor.
The House Committee on Coinage,
Weights and Measures agreed TO report
favorably on the pending bill appro.
priating $751; 900 10 repair and put Ia
operation the mint at New Orleans,
authorizing the coinage Of gold and silver
thereat and making an appropriation
therefor.
SECRETARY sHERMAs's CONTRACT WITH
THE SYNDICATE.
The following Is a full copy Of the con-
tract entered into by Secretary Sherman
and the Syndicate for the sale Of the 4
per cent bonds:
This agreement entered into on the
II day OF April. 1878, between the Secre-
tary Of the Treasury Of The United states,
Of the frat part, and August Belmont 4
Co., Of New York, on behalf Of N. NJ.
Rothschild & Sons, Of London, England,
and associates and themselves; Drexel,
Morgan & Co.. Of New York, on behalf
Of ]. s. Morgan & Co., Of London, and
themselves; ]. & w. Seligman & Co, Of
New York, on behalf OF seligman Bros,
OF London, and Themselves; Morton,
Rose & Co., OF New York, on behalf Of
Morton, Rose & Co., Of London, and
themselves; and the First National Bank
OF New York City wiinesseth that the
said August Belmont & Co., on behalf Of
n. NJ. Rothschild & Sons and associates
aud themselves hereby agree to purchase
from the Secretary Of the Treasury ST..
l25, 900 OF the A per cent bonds Of the
United States issued under the acts Of
July IA, 1870. January 20, 1871 and May
IA, 1875; and Drexel, Morgan q Co, on be.
half OF j. s. Morgan & Co. and themselves
agree to purchase 81 ,625, 600 Of said bonds;
J. & W. seligman 4 Co., on behalf Of
Seligman Bros. and themselves, agree TO
TO purchase 81 ,825,000 Of said bonds (;
Morton, Bliss q Co., on behalf Of Morton,
Rose 4 Co. and themselves, agree 10 pur.
chase Sl,625,00 Of said bonds, and the
First National Bank Of New York agree
to purchase 100000 Of said bonds,
making total aggregate OF $40, ,000, 600
Of said bonds, on the following terms and
conditions:
l. The bonds covered by this contract
shall be sold for resumption purposes.
9. The parties OF the second part shall
have the exclusive right TO snbscribe in
the same proportion to each OF the sub.
scribers for the balance Of 0,000, 900 in
Al per cent bonds Of the United States,
authorized 10 be issued by the acts Of
Congress Aforesaid, but the amount to be
40 snbscribed shall not be less than
So, 100000 for each and every month after
The present month OF April.
8. That the Secretary OF the Treasury
shall not sell during the continuance Of
this contract any bonds other than such
as BY the act Of Congress may be provided
to be sold for the pay ment OF the Halifax
or Geneva awards and the A consols Of
the United States, and those only for re.
funding purposes, except by mutual
agreement Of the parties herein.
4. That the parties Of the second part
agree to pay for the said 4l per cent
bonds par, and one and one,half per cent
premium and interest accrued 10 date oil
application for delivery Of said bonds, in
gold coin or matured U. s. gold coin cou.
pons or any Of the 0 per cent 5 20 bonds
heretofore called for redemption, or in U.
s. gold certificates Of the deposit issued
under the act Of March 8, 1878, or in gold
coin certificates Of deposit Of authorized
and designated repositories that have
complied with the Law.
5. Parties Of the second part shall re.
ceive In gold coin a acommission Of hall Of
one per cent on all bonds taken under
this contract, as allowed by the act OF
July IA, 1870, and shall assume and de.
fray all expenses which may be incurred
10 sending bonds to London or elsewhere
on their request, or by transmitting
bonds, coupons or coin TO the Treasury
Department at Washington, including all
the cost OF making the exchange Of the
bonds, and shall also be charged with
the cost Of The preparation and issuing
OF the bonds.
Q. No bonds shall be delivered TO the
parties Of the second part or either Of
them until payment shall have been made
in full therefor, In accordance with the
terms Of this contract
[signedl JOHN SHERMAN,
Secretary ofhe Treasury
And Messrs ]. & W. seligman & Co.,
Morton, Bliss 4 Co., August Belmont
& Co., the First National Bank Of N.
Y, Drexel, Morgan & Co. Witnessed
by Asst U. s. Treasurer, Thomas Hill
house and E. J. Bsbcock.