National Republican., 1882-07-21
NEW BONDS AND BANK-NoTEs.
Description OF the New Per Cent. Bonds
md The NnaInnnI Rnnk Currency.

ana the National Bank Currency.
Immediately the act authorizing the funding Of
the continued 81 per cent bonds into per cents.
was passed the Secretary of the Treasury directed
the Chief Of the Bureau of Engraving aud Print
ing to prepare models for the new bonds and sub
NIT them for his approval. This was done, and
the plates Of some of them have already been made
and the printing commenced. The bonds Will be
registered only, and Of the denominations of $50,
500, $780, 81 900. and $4,000. The face OF the $50
will have in the upper center portrait OF ex-
Secretary Of the Treasury Fessenden. with alathe-
work counter containing the denomination on
either side. In the lower center will be picture
OF the Treasury Department building. over the
head of Fessenden forming the arc of circle, are
the words:
THREE PER CENT LOAN, 1892"
and Immediately beneath the portrait Is the date
of issue, August l. 1889. Along the LEFT side ex-
tend the Roman fasces and axe, with the mono
gram U. s. in the center, and the motto r. Pluri-
bus Unum in scroll, work. Down the right bor. @
der are the words Act OF July Il; 1881" The
% VIII h Se the sps same With the exception
OF the necessary changes to Indicate the amounts
and the portraits, which will be ns follows .od on
the 500, the head of Dewitt Clinton; on the $500,
Tint of Benjamin Frnnklin on the $1,000, that of
ex. President Garfield; and on the $4,000, that OF
Alexander Hamilton.
THE BACKS OF THESE BONDS
will be different from any that have ever been
made. On the first fold will be a large denomi:
nation lathe-work counter; on the second
Will DC, HTeI, lne act HUlIOElLlllp lHelT lsSuC,
then an oval denomination lathe-work C un-
ter, under which, will be tue number Of
the lond. Then follows the words, United
No. Original date :, and Original number mr,,
thus making . complete brief Of the bond bond, THIS rs
convenence @ N @ " " iii readily be en-, The reminder
of the back Is occupied by the regular form of
transfer, which is found on oil registered bonds,
The backs will be printed in the following colors:
$50 green $780, blue $500, red; $1,000 brown, and
$4,000, black.
NEW NATIONAL BANK NOTES
With the passage of the national banking act,
authorizing the national banks whose charters
had OF were shortly to EXPIRE to continue their
organizations within two years, 1t was determined
should present additional obstacles to the coun-
terfGiterS AS the s5 note was the one most gener-
ally selected, an entire new model for this note
was prepared by Mr.. George w; Casilear, the
superintendent Of the engraving division, which
is as follows On the left Is large portrait Of ex-
President Garfield, above which Is small lathe.
work denomination counter. On the upper right
side is larger denomination counter, and the
charter number OF the bank Is repeated SIX lines
in the border The usual title and story fills up
the center In the denominations of $40, go, $50
and s100no change has been made In the vgnetteS
but the charter number is repeated in the border
as in the So notes.
THE BACKS OF ALL THE NEW NOTES
will be printed in chocolate brown, instead of
green, as heretofore and in the center, where the
lnrge pictures haye been placed, there will be a
large series of lathe work counters, across which
will be printed in color yet to be selected the
charter number of the bank, each figure resting
upon a large lathe work counter. The national
banking act authorized the issuing of gold
certificates, and the models for these are
now being prepared by Mr.. Casiear. AS
the continued SlI per cent. bonds amount
to about 100000. 600 or about one fourth of the
entire government debt, it is desirable that the
new three per cents. should be ready for use as
soon as possible and the work up III them is being
rapidly pushed. In regard to the national banks,
It is stated that the charters of about three hun
dred and fifty will have to be Immediately re-
newed and of course these will all have to take
| the new notes under their renewals. New banks
which have been organized since the passage of the
act of July u last will also be furnished with the
new style of notes. Work upon these is also being
divisions of the Bureau Of Engraving and Print
ing working beyond the regular hours to have the
notes ready for delivery to the Comptroller of the
Currency by August l.