The Republican journal. [volume] (Belfast, Me.) 1829-current, 1879-04-24

Treasury Department had to sell were
Unexpectedly closed out last week on the
terms Of the recent circular issued by the
Department, which is essentially one hall
of one per cent. premium, with accrued
interest since Jan. !, 1879, less one eighth
OF one per cent. commission. The whole
amount, $50, ,000 was taken 10y a
syndicate of New York banks, whose bid
was accepted on the 18th inst. This is
the largest bid of the kind ever made tC
the Treasury Department. Upon the
publication of the Treasury circular or
the 10th inst, fixing the price Of the
$50, 900 600 four per cents at 1907 with
interest, the price advanced in the mar
ket from o95 to par and they closed on
the following day at 100 to lOUg. Since
then there has been general advance III
all the government securities. The COll-
pom new tiyes have risen per cent the
skies of -, lO-4Os. ana registered new
tigeS have gained per cent. The ! pei
cents. are quoted ! higher, and the /
per cents. higher in both classes Tho
currency skies have advanced iii Tho
price bid
The syndicate New York banks ais,
made a bid for 80, 900 900 Of the ten dol
lar funding certificates; but the Secretary
OF the Treasury has decided that the 81
certificates, of which some forty four MIL
lions remain unsold, shall be kept open
for direct popular subscription through
postmasterS. Hereafter these certificates
will be given i'll exchange for lawful
money, in sums not to exceed 500 at
one time, by the treasurer, assistant treas
urers and by all public officers bonded
for that purpose ! pom such exchanges
a commission of per cent. will b. ALLOW
ed on an aggregate of $1,000. without re
gard to the period i'll which such eN-
changes are made, and previous conflict
ing circulars have been modified accord
ingly.
The Boston Daily Advertiser, in speak
ing of the law passed ~ the last Con
gress, authorizing the Issue Of ntcG
States certificates Of deposit Of the de-
nomination of so, bearing four per cent
interest. and convertible at any time with
Il INF IN AZ.
says these certificates have the merit o.
absolute safety the interest IS calculated
on the back with the statement Of tht
amount due each day f; they can be real
lied upon instantly anywhere amy day
are good for their face at any time, and
may be exchanged for the four per cents
whenever desired. The tendency OF thcs,
new certificates will be to iuculcate a
habit Of saving, and bring the natona
credit into still greater accord Nth the
whole people, who are now So freely man
testng their faith therein bl I'll. rcadi-
ness with which they are investing H.
government bonds
Since Mr.. Sherman became Secretary
he has sold S54O,0O0,0oo Of four MT cent,
and with the proceeds redeemed slN pcl
cents, thus savin. two Der cent. or one
third Of tile interest previously pajl N
the country on that amount, and jnc,ud-
inc the present transaction he MINT bayt
sold in round numbers 300, 900 ono Il,
four per cents additional for retuldlu.
HNe per cents saving one per cent peSlIe'
lhe premium on lhal amount. hrS'de-
Ihia ne mas SoIu 90o""'W" ~ Iolf dnu Y
mans To redeem S'AtS. All llrHe 'TdhS-
"cuohS together MAKE an immense SAVING
III tII lI"lAoildI interest account.
An ,,,,,,, oo,.ro..,.,,,,i,,, .,.,..,...r.
ION Herald las he., Y.ritin., III MIN,
roli,;rs IIa..,,.,.ny earooI.,, ,,;,rl ...r.,
nominated NJ fha Dam,rra+. ,nd ~nifh
hv ,bo Observation-Disclosures, ,.n;I. ,ho p.,,,iI;
ANS have no cr+-and -a,ind o,n5;l,,.
+,;.. ,. ma NEUTRALITY-SUSPICIOUS.
some two dozen possible Republican can
ddates, his personal preferences being
Judge Peters and Senator llamiln. Gen.
Butler Is quoted Us saying that Name \
TO be the battle ground, amt 1t IS stated
that the Republican State Convention VIII
be called at an early day, and that prep
aratIons are making for vigorous cam
palgn,
Vinalhavan corrnsnon5anr
land \dyertiser sovs NJ II,Io wanna mi
bo,o ham l,,,,o, l,,+ f,u.;t 1.1.,I
cured the construction OF three light
houses in Penobscot Bay two Bash
Island, at the eastern entrance Of Towns
ehd harboF, ana at the eastern entrance
OF Fox Island Thoroughtare. Perhaps
this correspondent can tell how many
lighthouses viii be required to prevent
the defeat of Nurfb in l->n Rut thun