Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1879-03-05
Proclamation of the President Con-
vening Congress in Extra
Session March lStt.
Sherman's Circular Concerning the Is
sue of Four Per Cent. BOnds---
Old Bonds Called in.

WASHINGTON, NldIch \. Ht lui-
lowing is the proclamation of the
President converting congress in extra
session on the 18th instant
By the President of the United
States of America-A proclamation
Whereas. The final adjournment Of.
the forty-ffth congress without max
ing the usual and necessary appropria-
tions for the legislative. executive and
judicial expenses of the government
for the fiscal year ending June 30,
1880. and without making the usual
and necessary appropriations for the.
support Of the army for the same fiscal
wear. presents an extraordinary oeca-
sion, requiring the President TO exer-
else the power vested in him by the
constitution to convene the houses Of
congress. in anticipation of the day
fixed by law for their next meeting,
Now, therefore, l, Rutherford B.
HAYES, President Of the United States,
do. by virtue of power to this end in
vested by the constitution, convene
both houses of congress to ~reassemble
at their respective chambers at Y
o'clock noon, Tuesday, the 18th day of
March, then and there to consider and
determine such measures as in their
wisdom, their duty and the welfare
of the people may seem to demand.
In witness whereof | have hereunto
set my hand and caused the seal of the
United States to be affixed.
r. B. HAYES.
By the President
WIZ. EvARTs, Sec'y Of State.
A SHERMAN CIRCULAR.
The secretary of the treasury has
issued the following circular concern
ing the issue Of four per cent. bonds,
consols of 1907.
TREASURY DEPARTMENT, WASH
INGToN, March 4.-Notice is given
that when the outstanding ive-twenty
six per cent. bonds Of the United
States are covered by subscriptions to
four per cent. consols, the latter will
be withdrawn from sale upon the
terms proposed by the department cir
cular Of January |, 1879, aud upon
the terms stated in the contract with
R0thschilds and others of date Janu-
airy p, 1879. The amount of FIVE
twenty six per cent. bonds outstand.
ing and embraced in calls 10 this date
is eighty-eight million seventy.nin
thousand and eight hundred dollars
When this sum Il covered by subscrip
tions under the existing circular anC
contract, all further saiea Of four pei
cent. consOls to provide for fqudiny
the ten-forty five per cent. bonds vii
be made upon terms which will prob
ably be less favorable to the purchaser
and in accordance with the new pro
posals and contracts. This note j
given SO that all parties wishing I
subscribe for consOls upon the term
stated in the circular and contract
may have an opportunity to do so unit
the Eve twenty bonds ara called.
JOHN SHERMAN, Secretary.
SHERMAN WANTS TO REDEEM NOR,
0R OUR BONDS.
The secretary Of the treasury Gale
the following 5 Dos bonds, the princi
pal and interest to be paid ON an
after June 18th, next: Coupon bond
dated July ], 1861; $50, No. 100000
No. los 5000. both Inclusive 500, N,
1901 to No. 1880, beth inclusive
$500, No. 10000 to No. 10000. bot
inclusive $1,000, No. l76,00l 10 y.
lS5, 1909, both inclusive; total coupe
bonds, s77 ,0O0, 090. Registered bond
redeemable at pleasure, UBiied State
after the first Of July, 1872 so n
324l TO No. $3.50, both inelasiyo; $40
30. 22,G2l TO No. 1850; 500. n
11,52l to II $50. both inclusive ; $i00
No. H.40l to No. 1850, both incl
siye 5000, No,l4,Ssl TO No. 1916
bath inclusive sl0,006, No. 1886
y ,73O, both inclusive.