Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-03-09
EIGHT HOURS.

Coporessman-elec Murch will introduce a
Joint resolution at the special session declar-
ing eight hours legal days work Tor all la
borers and mechanics employed by the gov
eminent.
FOUR PER CENT REFUNDING CERTIFICATES.
The secretary of the treasury has issued a
circular calling attention to the four per cent.
refunding certificates, 10 be issued under the
provisions of the act of congress approved
February &c, 1879. entitled IAN act to au-
tho1ize the issue of certificates of deposit in
aid of the refunding of the public debt.
Each certificate will be of the denomln alton
of ten dollars, will be made nearly OF the
form and size of the United States note, and
will bear on the face and back the conditions
of its issue. Each certificate will be sold for
lawful money at par and accruing interest to
date of purchase by the treasurer of the
United States at Washington and by the as
sistant treasurers of the Unsed States treas
ury at Baltimore, Boston, Chicago, Cincin-
matt, New Orleans, New York, Philadel phia,
ST. Louis and San Francisco, and the treasurer
of the United States at Washington and the
assistant treasurers at New York will also
receive in payment drafts in favor of them
selves respectively, drawn on New York,
which will be collected and the excess, if any,
returned by check to the depositors. The
secretary will also accept in payment certih-
Gates of deposit of national banks specially
count, but the refunding certificates will not
be delivered until a certificate of deposit
issued by the banks has been paid
for by the treasury by draft or
by deposit of the like amount with the treas
urer or some assistant treasurer OF the
United States, or until United States bonds
of equal amount are substituted In their
stead. All the national banks, upon comply
ing with section 5153 of the revised statutes
of the United States, are invited to become
financial agents of the government and de-
posltaries of public moneys accrulng from
the sale of these certificates. The money re-
ceived by the depository banks for such GER
tifcates will remain on deposit with SAID
banks. subject to the order of the treasurer of
the United States, and calls for the redemp-
ton of bonds will issue from time to time, as
the secretary may direct All banks, bank
ers, postmasters and other public officers, and
all other persons, are invited to aid In placing
| these certificates. They can make their ar
raugements through the national banks tor
| the deposit of the purchase money. Commits
| slons will be allowed on the purchase OF these
| certificates, as follows: Ga an aggregate Of
| one thousand dollars, and not exceeding one
| hundred thousand dollars, In any one caleD-
| dar month, one eighth of one per cent, and
| on any amount exceeding one hundred thou
| sand dollars, in like period, a commission OF
| one-fourth of one per cent. in excess, and par
| ties purchasing at one time one thousand dol
| lars or more of these certificates will be entl-
| tied to receive them free of charge for trans
portation. The certificates will be ready for
delivery April 1, 1879, at which date they
! will begin to bear interest, which will be pay
able upon the conversion of the certificates
into four per cent bonds. The secretary also
announces that, as soon as practicable, ten
dollar certificates will be issued under this
law, similar in form and upon like similar
conditions to these 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 certificate.
| POSTAL MATTERS.
| The postoffice department has awarded
contracts for four years mail service in Wis
uonsin, to begin with July next.
| A competitive examination has been Or
| dered for the clerkship class and one in the
| pension bureau.