The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-04-18
FUNDING THE TEN.FoRrIEs.
Circular from Secretary Sherman-HOw
subscriptions Can BE Made.

Circular from Secretary Sherman-HOW
subscriptions Can BE Made.
WAsHNGroN, April l6.-The following
circular was issued this afternoon:
TREASURY DEPARTMENT,
SECRETARY's OFFICE,
WASHINGTON, D. G., April 10, 1879.
The Secretary Of the Treasury offers at
One.half OF one per centum above par and
accrued interest 10 date OF subscription
$l5O,0OO,OO0 OF the four per centum fund.
ed loan OF the United States In denomina-
lions, namely: Coupon bonds Of $50,
SlOO, $500 and $1,000, and registered bonds
Of $50, 500, $500, $1,000, 5000 and $l0,-
900, the proceeds to be applied to the re.
demptiOn Of United States bonds issued
under the act Of March ., 1884, and com.
monty known Us 1910 bonds. In addi-
ton to this amount Sil, 500, 800 OF these
bonds, being the residue Of the sum
needed to redeem the l0-40 bonds, will be
reserved for the conversion Of tcn.dollar
rcfunling certificates.
The bonds offered are redeemable July
|, 1907, and bear interest, payable quarter
" on the LIST day OF January, April, July
and October Of each year, and arc exempt
from the payment Of taxes or duties TO the
United States, as we'll as from taxation in
any form by or under State. municipal or
local authority.
Commissions will be allowed on all sub.
sCriptions Of one thousand dollars or over
OF one.eighth OF one per centum, TO be
paid by the department by draft. Upon
the receipt Of full payment the bonds will
10 N,u,,,.,tkln,l feaa ~ ChaH,n IN kI,n a,,h-
scribers. Applications should specify the
amount and denominations required, and
for registered bonds the full name and
postolice address Of the person to whom
the bonds shall be made payable.
All national banks, upon complying with
section j.l4j Revised Statutes Of the Unit
ed States, are again invited to become
financial agents OF the government and
depositaries OF public moneys received on
the sale OF these bonds; all banks, bankers,
poStmasters and other public officers, and
all other persons are invited to aid in plac.
ing these bonds. They can make tlieirar.
engagements through national banks for the
deposits OF the purchase money.
The money received by depository banks
on account OF subscriptions will remain on
deposit with said banks, subject to the or.
der OF the Treasurer OF the United States,
to meet calls for the redemption OF the
10.40 bonds, which will be issued from
time to time as the Secretary may direct.
Payments may be made to the Treas
urer Of the United States at Washington
or Assistant Tr~easurers at Baltimore, Bos-
ton, Chicago, Cincinnati, New Orleans,
New York, Philadelphia, St. Louis and
San Francisco, in coin matured coupons,
coin certificates or United Stetes notes.
The Secretary Of the Treasury will also
accept in payment called bonds or Certih.
Gates Of deposit Of national banks specially
designated to receive deposits on this &C
count, but the bonds will not be delivered
until the certificate has been paid for by a
Treasury draft or by deposit OF q like
amount with the Treasurer, or some AS
sistant Treasurer Of the Unitad States, or
until other United States bonds are sub.
%stituted in their stead.
The Treasurer OF the United States will
also accept in payment United States cou.
pons maturing within thirty days or drafts
in favor OF himself drawn on New York
which will be collected, and the excess, II
any, returned by check to the depositor.
4heSeGLetAIy VIII uIsO eACLhHRe LOT any
outstanding uncalled ten-forty bonds Of
the United States an equal amount oil four
per Centum bonds. In such case this de.
partment will pay to the holder OF said
ten-tortles. interest accrued, o premium o
one-half OF one per centum, and a com,
mission OF one.eighth OF one per centum
Ten dollar retunding certificates may be
converted upon their surrender to thu
Treasurer Of the United States at Wash
ington into an equal amount Of the foul
per centum bonds herein described, but +
premium Of one. half of one per centun
will be required on all such refunding Ger
t~iticates issued upon the certificate Of a ma
tional bank depository.
All blanks or forms OF information
needed will BIO furnished by the depart
ment without cost.
JOHN SHERMAN. Sacraforv