Democratic Sentinel, Volume 1, Number 19, Rensselaer, Jasper County, 22 June 1877 — Payable in Silver or Wold. [ARTICLE]

Payable in Silver or Wold.

The 4 per cent. United States bonds which Secretary Sherman has just made arrangements to put on the market are payable in silver or gold. Like the 4J per cents., their issue is under the authority of the Funding act of 1870, and they are payable in United States corns, as then established bv the law. The Demonetization act of Feb. 12,1873, had not then been passed, and the silver dollar was legal tender equally with the gold dollar.