Evening star. [volume] (Washington, D.C.) 1854-1972, 1879-04-16
Thc New Issue OF Four Per Cents.
CIRCULAR OF SECRETARY SHERMAN

Secretary Sherman to-day issued his circular
giving the terms upon which he will receive
further subscriptions to the four per cent
b nds. These subscriptions Will be received to
the amt unit Of $IaO, 100000, and will be applied
to the It TtdemptiOn OF the ten-forty bonds. The
following is the circular
"The ST cretary of the Treasury offers at one
half CT OIL e per cent. above par aud accrued in
terest to date OF subscription s15o, ,O0oO1o OF Lie
four per cent: funded loan OF the United Suites
S100. $500 and $1,000, and registered bonds of
$50, 500, $500 s. COO s5 600 and $1,000 the prn-
ceeds to be applied to the redemption OF United
States bonds issued under the act OF Marcn 81
1864, and commonly known as 1910 boadS. la
addition to this amount, 81, ,566. 800 or these
bonds, being the residue of the sum needed 10
redeem the 1910 bonds, will be reserved for the
conversion of ten-dollar refunding certificates.
The bonds offered are redeemable july 1, 1907,
ard bear interest, payable quarterly, on the
first day Of January, april, July and OCTOBER of
taxes or duties to the United states. as well as
nom taxation in any form by or under state
municipal, or local authority. Commissions
Will be allowed On all subscriptions of one thou
sand dollars or over, OF one eighth of one per
cent, 10 be paid by the department by draft
Upon the receipt of full payment, the bonds
scribers. Applications should SPECIFY the
amount and denominations required, and
for registered bonds, the full name and
post S',, e1hce nc nnG aaaress & OF the person TO
All national banks, upon complying with Sec
ton SLAB, Revised Statutes OF the United States
ale again invited to become financial agents
OF the government and deposttaries Of public
moneys received on the sale Of these bonds
All banks, bankers, poStmasterS, and other
publlctffcers, and all other persons, are invited
tC AID in placing these bonds. They can make
their arrangements through national banks for
the deposit OF Tie purchase money. The money
received by depositary banks on account of
subscriptions viii remain on deposit with said
banks. subject to the order OF the Treasurer of
the United States, to meet calls for the redemp-
lion OF 1910 bonds, Which will be issued from
Pay ments may be made to the Treasurer OF the
United States at Washington, or assistant
treasures at Baltimore, Boston, Chicago, Gin
st. Louis, aid San Francisco In coin. matured
coupons,cot certificates, or United States notes.
The Secretary Of the Treasury will also accent
OF national banks specially designated to receive
deposits on this account, but the bonds will NOT
De delivered until the certificate has been paid
Inr It, py treasury drart, or by deposit of
ike amount With the treasurer or some assist
ant II IeasuIer of the United States or until other
7. S. bonds ale substituted In their stead.
lie treasurer OF the United States will also ac-
cept, in payment, United States coupons matur-
rg within thirty days, or drafts In favor of him
sell Drawn On New York, which will be collect
ed and the excess, II any, returned by check to
Ior any outstanding uncalled 1910 bonds or the
United States, an equal amount OF four per
cent. DOL dS. In such case, this department will
pay to the holder OF said 1O-4O's interest ac-
c1ued, premium OF one half OF one per cent,
ana commission OF one eighth OF one per cent.
len dollar refundng certificates may be con-
Herted upon their surrender to the Treasury of
the United States at Washington, into an equal
an 0unt OF the four per cent. bond herein de-
scr1Ded, but premium or one-half of one per
cent. Wi be required on all such rerunding Ger
tlf1cates Issued upon the certificate of national
tank dep' 81 ary. AL blanks. or forms, or infor-
msuen needeo, VIII De furnished by the depart
ment without cost.