The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1878-06-26
WASHINGTON TOPICS.
Notes and News from the Various De
parfmenfs.
THE -FOUR PER CENT. LOAN.

THE FOUR PER CENT. LOAN.
Subscriptions to the four per cent. loan to-
day, 81 ,002, 400.
The secretary of the treasury has called the
following bonds:
Coupon bonds dated July l, 1865, namely:
$50 No. 6O.OO1 to 81, OO0 both inclusive;
500, No. los, 001 to log, 600, both inclusive;
$500, No. 7200l to $4,000, both inclusive;
81. 900, No 100, O01 to 135 900, both inclusive.
Total coupon, 81, SOC, 600.
Registered bonds, redeemable at pleasure
OF United States after LIST July 1870, as follows:
$50 No q, DOL to $4,000 both inclusive;
500, No. 17,151 to II 800, both inclusive;
$500, No. 10,00l TO 10,200 both inclusive;
81, 600, No. 80. 1O1 to 80, 700, both inclusive;
5000, No 1901 to 900, both inclusive;
$4,000, No. l6, ISL to IL 100, both inclusive.
Total registered, $500, 900; aggregate, So
100000.
The principal and interest will be paid at
the treasury on and after the 10th of Sep
TENDER next and interest will cease that
day.
sHERNAN's ADVERTISEMENT or THE FOUR PER
CENT. LOAN.
The secretary of the treasury has issued
circular calling attention to the per cent.
funded loan of the United States now offer
ed by the department in denominations of
coupon bonds of $50, 800, $500 and 81, 900,
and for registered bonds of $50, 500, $500,
81. 900, s., 900 aud $40, 900 at par and accrued
Interest to date of subscription in CON- The
bonds are redeemable July /, 1897, and bear
interest, payable quarterly on the first day
of January, April, July and October of each
year and are exempt from the payment of
taxes duties to the United States, as well
as from taxation in any form by or under
state, municipal or other local
authority. Upon full receipt of full pay
ment the bonds will be transmitted free of
charge to the subscribers, and a commission
of one-fourth of one per cent. will be allow
ed upon the amount of subscriptions The
commissions will be paid by check only, and
will not be applied in payment of
subscriptions. All national banks are now
invited to become financial agents of the
government and repositories of public
moneys received on sale OF these bonds.
Upon complying with section 5,153 of
the revised statutes OF the United
States all banks, bankers and persons are
invited to aid in placing these bonds and can
: make their arrangements through national
banks for the deposit OF the purchase money
of bonds. The proceeds of the sale of these
bonds will, until further notice, only be
used in the redemption OF 500 six per
cent bonds of the United States, under
the refunding act As soon IS
the per cent. sonds are paid for by certifi-
Gates Of deposit of such public repositories
or otherwise q call will issue maturing with
IN ~ udys tOr the reueiupblOn Oh per cent.
bonds, and the money received for per
cent bonds will remain on deposit
until such call natures. Payment
for bonds may be made in coin, coin certif-
Gates, certificates Of deposits OF government
repositories, called bonds or coupons, ma
turing within 30 days. or in currency drafts
on New York in favor of the secretary of the
treasury, which will be received at
the coin value thereof at the national bank
of Commerce. Any payment in excess will
be returned with the commission. All
coin and currency drafts on New York
should be forwarded directly to the
department by subscribers or their
agents. The circular continues: The
favorable state of the money
market induces the secretly to press upon
the people this loan by which they can OBJ
tain direct from the government national
bond of the highest credit and sanction, ex-
empt from taxes, and payable, principal
and interest, in coin, Every c1dzen
of the United States is interested in the fuc-
cess of this loan. as every sale Of thesebopds
enables the government to save one-third of
the interest on an equal amount OF out
standing debt to be redeemed These
bonds should be the storehouse for
the savings Of people. No facility