Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-06-27
THE POPULAR 4 PER CENT. LOAN.

receipts to-day !, 229, 900
/ THE POPULAR 4 PER CENT. LOAN.
| Advices from Washington under date
of June q, state that the secretary of
1.-THE treasury has issued a circular calling
| attention to the four per cent funded
loan of the United States now offered
| by the department in denominations
for coupon bonds of $50, 800, $500 and
| 81 900 and for registered bonds of $50,
800, 5000, $1,000, $4,000 and $4,000 at
par and accrued interest to the date of
subscription in coin. The bonds are
| redeemable July /, 1907, and bear in
terest payable quarterly on the 1st of
January, April, July, and October of
each year, and are exempt from the
! payment of taxes or duties to the
United States, as well as from taxation
IN any form by or under state, manici-
| pal, or local authority. Upon full re-
ceipt of full payment, bonds will be
transmitted free of charge to subscrib-
ers, and a commission of one-fourth of
l per cent will be allowed upon the
amount of subscription. 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 govern
ment and repositories of public moneys
| received on the sales of these bonds upon
complying with sec. 9,153 revised stat
utes 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 the bonds. The proceeds of
the sale of these bonds will, until fur
ther notice, be only used in redemption
of 5-2O 6 per cent. bonds of the United
States under the refunding act. As
soon as the 4 per cent. bonds are paid
for by the certificates of deposit of
such public depositaries or otherwise,
a call will issue maturing within
twenty days for the redemption of
per cent. bonds. and the money
received for the 4 per cent. bonds will
remain on deposit until such call ma
lures. Payment for the bonds may
be made in coin, coin certificates, GER
tificates of deposit of government de-
positaries, call bonds coupons maturing
within thirty days, Or in currency drafts
on New York in favor Of the secretary
of the treasury, which will be received
at coin value thereof at the National
Bank of Commerce, New York. ANY
payment in excess will be ereturned with
the commission. All coin and cur
rency drafts on New York should be
forwarded directly TO the department
by the subscribers or their agents. The
circular continues "The favorable
state of the money induces the secre-
tary 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 . ID
interest, in coin, Every citizen c. the
United States is interested in the sue
cess of this loan, as every sale of these
bonds enables the government to save
one-third of the interest or an equal
amount of outstanding debt to be re-
deemed. These bonds should be the
stOre-hOuse for the savings of the people.
No facility or advantage will be given
to large subscribers. II il the interest
oil the public that the bonds be distrib-
uted III small sums among the largest
number of our fellOW-citizens. Sub
scriptions to an amount equal to the
bonds now redeemable would make an
annual saving of S., ,961 ,632, and such
subscriptions can now be made without
withdrawing from circulation any of the
money of the people All blanks or
forms or. information needed will be
furnished by the department without
cost" - ....s
CALL FOR BONDS. ..
Washington advices of the Goth inst,
says the following bonds were called for
By the treasury to-day:
Coupon bonds, dated July 1st. 1863
viz: $50, No. 5000 to $1,000, both in,
elusive; 800, No. 103,OO1 to 106, ,0001, |
both inclusive: 500, No. 12,0O1 to
$4,000, both inclusive; $1,000, Ne. $780,
OO1 to 135,000, both inclusive; total
coupons. 100000.
Registered bonds redeemable at the /
pleasure of the United States after the |
1st of July, 1870, as follows: $500, No. /
2,101 to 1920, both inclusive; 800, No. /
II ,151 TO No. 1900, both inclusive: I
$500, No. 10,OO1 to No. 10.200, both in
elusive; $1,000, No. 33,0O1 to $500 |
both Inclusive; $1,000, No. S,901 to No. I
$1,000. both inclusive; $4,000, No. 49,
751 to Ne. IL, 100, both inclusive. Total
registered, s., 800, 900; aggregate, s5,000,-
900. The principal and interest will be
paid at the treasury on and after the /
10th of Sept. next and will cease on
that day.
WHITE HOUSE MARRIAGE.
There YVES a quiet wedding at the |
white house this evening, the third one
that has been celebrated there in the |