Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1879-03-27
Ten-Dollar Certificates.


Circular from the secretary Of the
Treasury.
The following circular has been issued
from the Treasury department:
The Secretary of the Treasury calls at
tention 10 the 4 per cent refunding certin-
Gates Of the United States. to be issued un-
der the following provisions Of the act of
Congress approved February 26, 1879. en-
titled ''An act TO authorize the issue of Ger
titicates of deposit in aid OF the refunding
of the public debt" to wit: That the Sec
retary is hereby authorized and directed to
Issue. in exchange for lawful money Of the
United States, that may be presented for
such exchange, certificates Of deposit of
the denomination Of ten dollars. bearing
interest at the rate of per cent per annum
and convertible at any time. with accrued
Interest, into the per cent bonds descrio-
ed in the Refunding act. and the money so
received shall be applied only to the pay
ment OF the bonds bearing interest at rate
OF not less than per cent In the mode pre-
scribed by said act, and he Is authorized to
prescribe suitable rules and regulations 10
conformity with this act. Each certificate
will be of the denomination of $40; will be
made nearly OF the form and size of 3
United States note, and will bear on the
face and back the conditions Of its issue, as
follows:
On the face.
United State. Refunding Certificate.
Ten Dollars.
April ist, 1879.
This ccrtites III at the sum Of $40 has been de-
posted with the Treasurer OF the United States,
under the act of Feb. % 1879.
JAMES GILFILLAN
Treasurer Of the United States.
G.. W. Scofeld, Register OF the Treasury, W ash
ington. ID. Z.
Convertible, with accrued interest at per
cent per annum, into per cent bonds OF the
United states, issued under the acts of July IA
1870. and January 70, ISL, upon presentation
at the Office Of the Treasurer Of the United
States, Washington, ID. c., in sums OF $50, or
nulupes thereof.
ION the back.
Interest on thi. note will accrue rs follows
tor each nine days, or one-tenth Of quarter
| cent.
For each quarter year, 10 cents.
For each entire year, 40 cents.
Such certificates will be sold for lawful
money at par and accruing interest to the
date OF purchase. by the Treasurer OF the
| United States at Washington, and by the
| Assistant Treasurers at Baltimore, Boston,
| Chicago. Cincinnati, New Orleans New
| \ ork, Philadelphia, IT. Louis ard san
Francisco; and the Treasurer of the United
/ States at Washington and the Assistant
| Treasurer al New York will also receive In
| payment drafts in favor Of themselves, re-
/ spectively, drawn on New York, which
| VIII be collected, and the excess, il any,
/ returned by check TO the depostors.
/ The Secretary OF the Treasury Will also
accept in payment certificates OF deposit oil
( national banks specially designated to re-
! ceive deposits on this account; but the re-
1 funding certificates will not be delivered
| until the certificate of deposit issued by the
1 bank has been paid for by a Treasury dram
/ or by deposit OF a like amount with the
/ Treasurer, or some Assistant Treasurer
/ OF the tnited States, or until United State.
I bonds of equal amount are substituted IN
| their stead. All national banks, upon com
/ plying with section 5.l53 revised statutes
1 Of The United States, are invited TO become
/ financisi agents of the government and de-
| positories OF public moneys accruing from
| the sale of these certificates. The money
received by depository banks for such Ger
thcates Will remain on deposit with said
, banks subject To the order OF the Treasurer
/ oi the nited States. and calls for the re-
/ demption OF bonds will issue irom time Ia
time as the Secretary may direct. All
banks, bankers, post-mastcrs and other
| public officers, and all persons, are Invited
10 aid In placing these certificates. They
can make their arrangements through ma
tional banks for the deposit Of the purchase
money. Commissions will be allowed on
the purchase OF the certificates as follows
On an aggregate 81 600, aud not exceeding
500, 900 In any one calendar month. one
eighth OF one per cent; on any amount ex-
ceeding 100000 in like period, a com
! mission OF one-fourth Of per cent on the
excess; and parties purchasing ut one time
81 ,Oco or more OF the certificates will be
entitled to receive them free OF charge oi
transportation.
The certificates will be ready for delivery
April /. 1879, at which date they will begin
TO bear Interest, which will be payable
upon the conversion OF the certificates into
per cent bonds. The Secretary also an
! nounces that as soon as practicable $40
certificates will be issued under this law,
similar in form. and upon like similar con
dltions, TO those above described TO be
registered on the books of the Treasury in
the name OF the owner. which name will
also be entered on the face OF the certn-
cate. JOHN SHERMAN, Secretary.