Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1879-03-14
The Ten Dollar Certificates.

The Secretary of the Treasury calls atten-
ton 10 the per cent. refunding certificates
of the United States TO be issued under the
following provisions Of the act of Congress APP
proved February %, 10, entitled an "Act TO
authorize the Issue of certificates of deposit in
aid of the refunding of the public debt" TO
wit: "That the Secretary OF the Treasury is
hereby authorized andsdirected TO issue in ex-
change for lawful money of the United States
that may be presented for such exchange GER
ti6cates of deposit of the denomination of $40
bearing interest ut the rate of4 per ceatum per
annum, and convertible at any time, with
accrued interest, into the per centum bonds
described in the Reminding net; and the mon
ey SO received shall be applied only to the pay
ment of the bonds bearing interest at the rate
Of not less than per centum in the mode pre-
scribed by said act; and he is authorized to
prescribe suitable rules and regul ,tions in con-
formity with this act"
Each certificate will be of the denomination
of $40, will be made nearly of the form and
size of United States note, and will bear on
its face and back the conditions Of its Issue MS
follows. UNITED States Refunding Certf-
cate-Ten Dollars. April |. 1879. This GER
ti6es that the sum Of $40 has been Deposit
with the Treasurer of The United States under
act Of February 26th, 1879.
JAMES GILFLLAN.
Treasurer Of the United States.
G. W. Scoheld, Register of the Treasury,
Washington. d. G.
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 20, 1871, upon presen-
tation at the Office OF the Treasurer of the
United States, Washington, D. c., in sums of
$50, or multiples thereof
On The hack uInterest on this note will
accrue as follows: For each nine days or
one-tenth of a quarter, cent; for each quar-
ter of year, 10 cents; for each entire year,
40 cents.
Such certificates will be sold for lawful
money at par and accrniug interest to the date
OF purchase by the Treasurer of the United
States at Washington and by the assistant
treasurers at Baltimore, Boston, Chicago, Gin
ciunali. New Orleans, New York, Philadel-
phia, St Louis and San Francisco, and the
Treasurer of the United States at Washington
and the assistant treasurer at New York will
also receive In pay menl drafts in favor of them
selves respectively drawn on New York, which
will be collected and the excess, If any, return
ed by check to the deposiiors.
The Secretary OF the Treasury will also ac-
cept in payment certificates OF deposit Of na-
tionai banks especially designated 10 receive
deposits on this account, but the refunding
certificates will not be delivered until the cer-
ti6cales Of deposit issued by the bank have
been paid for by the treasury draft or by de-
post Of a like amount with the treasurer or
some assistant treasure. Of the United States,
or until United States bonds of equal amount
are subscribed in their stead.
All banks, bankers, pos masiers and other
public officers, and all other persons are cred
TIED to aid in placing these certificates. They
can make their arrangements through nation
al banks for the deposit OF the purchase money.
Comussona will be allowed on purchase of
these certificates as follows; On an aggregate
OF 81 900 and not exceeding Sl00 900 IN any
one calendar month, oue.eighth Of | per cent,
and on any amount exceeding in like period
SlO0, 900, a commission Of one-iourth OF one
per cent. on the excess, and parties purchas-
ing AT one lime 81 900 or more Of certificates
will be entitled to receive them free Of charge
for transportation.
The certificates will be ready on April Let,
1879, at which date they will begin TO bear
interest, which will be payable upon the con-
version Of the certificates into four per cent.
bonds.
The Secretary also announces that as soon
as practicable ten dollar certificates will he
issued under this law, similar in form and OPP
on like conditions TO those above described,
TO be registered GU the books OF the Treasury
! 10 the name OF the owner, which name will also
] be entered on the face Of the certificate