The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-03-10
WASHINGTON.
The Four Per Cents.

WASHINGTON, March 8.-The Secretary
of the treasury has issued a circular calling
attention 70 the four per cent. refundng
certificates Of the United States, to be is
sued under the provisions o! the act Of
congress, approved February 26, 1879, en-
titled, An act to authorize the issue Of
certificates of deposit in aid Of retunding
the public debt" Each certificate will To
Of the denomination Of $1,000. 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.
money at par, and accruing interest to
cate of purchase, by the Treasurer of the
United States at Washington, and by the
Assistant Treasurers, at Boston, Baltimore,
Chicago, Cincinnati, New Orleans, New
York, Philadelphia, st. Louis and San
Francisco, and the Treasurer of the United
States at Washington and Assistant
Treasurers at New York will also receive
in payment drafts in favor of themselves
respectively, drawn or New Y York, which
will be collected, and the excess, II any,
returned by check TO depositors. The Sec
retary of the Treasury will also accept 10
payment, certificates OF deposits of the ma
tional banks specially designated to re-
eeive deposits on this account, but the re
funding certificates will not be delivered
until the certificate of deposit issued by the
| bank has been paid for by the treasury
draft, or By deposit of ike amount with
| the Treasurer or SOME Assistant Treasurer
Of the United States, or until United
States bonds of equal amount are substi-
tuted in their stead. All national
banks, upon complying with section 5l53
! of the revised statutes Of the United
States are invited to become financial
agents of the government. aud repositories
0t public moneys arising from the sale of
| these certificates The mo0ay received
By depository banks tor such certificates
will remai0 on deposit with said banks,
subject to the order Of the Treasurer OF
the United States, and calls for redemp'
tion OF bonds will issue from time TO time
as the Secretary may direct. All banks
banker p0stmasters aud other public otfi'
GERS, and all other persons are invited &c
> IL IN placing these certificates. They
can make their arrangements through ma
tiunal banks for deposit of the purchase
money. Commission will be allowed or
the purchase Of these certificates, as fol
lows: On an aggregate Of 81 900 and no
exceeding 100000 ia one calendar month
one-eighth of one per cent, and any
amount exceeding 100000 in like periot
commission OF one-fourth OF one pc
cent. on the excess, and parties purchasiDI
9 at one time ST. 900 or more Of certificate
will be entitled to receive them free 0
charge for transportation. The certificate
will be ready for delivery April l, 1878
r at which date they will begin to bear in
l terest, which will be payable upon the con
/, version OF certificates in four per cent
II bonds. The Secretary also announce
that as soon as practicable SO certificate
} will be issued under this law similar
form and upon ike similar conditions t
those above described, to be registered 0
the books of the treasury in the name {
IS the owner, which name will also be cntere
Is on the face of the certificate