Rensselaer Union, Volume 11, Number 28, Rensselaer, Jasper County, 27 March 1879 — The Four-Per-Cent Refunding Certificates. [ARTICLE]

The Four-Per-Cent Refunding Certificates.

The Secretary of the United States Treasury has issued a circular calling attention to the 4-per-cent. refunding certificates of the United States to be issued under the provisions of the act of Congress approved Feb. 26, 1879, entitled “An act to authorize the issue of certificates of deposit in aid of the refunding of tbe public debt.”* A Washington dispatch gives the following particulars: Each certificate will be of the denomination of 810, will be made nearly of the form and size of the United States note, and will bear on Ila face and back the conditions of its issue. Such certificates will be sold lor 1 .wful money at par and accruing interest to date of purchase, by the Tieasurer of the United States at Washington and bv the. Ass.s'antTreasurers at Boston, Baltimore. Chicago, New York, Philadeljhii, St. Louis anl San Francisco, and tbe Treasurer of the United States at Washington and Assistant-Treasurer at New York will also receive in payment drafts In favor of themselves, rcspec.ively, drawn on New York, winch will be collected, aud the excess, If any, returned to the depositors.

Tbe Secretary of the Treasury will also accept. In payment certain certificates of depi s i, of Nation.il Batiks specially designated to receive deposits on this account, hut the relunding certificates will not be delivered until the cert fieate ot deposit issued by the bank has been paid for by a Treasury diaft or by deousit of a like amount with tue Treasurer o. some Assistent-Treasurct of the United States, or until United States bonds of an equal amount are substituted in their stead. All National Banks, upon complying with Sec. 5153, Revised Statutes ot tbe United States, are invited to become financial agents ofthe Government and depositories ot pubLc moneys accruing Trom' such certificates. ‘ Money received by depository banks for such certificates will remain on deposit with said banks, aubje t to the order of the Treasurer of the United States, and calls for redemption of bonds will issue from time to lime, as the Secretary may direct. All banks, bankers, Postmasters aud other public officers. and all other persons.,*- are invited to aid in placing thesa certificates. They can make their arrangements through the National Banks for the deposit ot the purchase money. Commissions will be allowed on the purchase of these certificates as follows: On the aggregate of 81,000 and not exceeding (100,000 in any one calendar month, one-eivhth.of 1 per cent., and any amount exceeding (100,000 in like period a commission of one-fourth of 1 per cent on the excess, and parties purchasing at one time (1,000 or more of certificates will be entitled to receive them free of charge for transportation. The certificates will be ready for delivery April 1, 1579, at which date they will begin to bear interest, which will be ; ayable upon the conversion of the certificates into 4-per-cent. bqifja 1 Z ■ ■„ 1 -. The Secretary also announces that as sboif as practicable 810 certificates will be issued under this law similar in form and upon like similar conditions to those above described, to be registered on the books of the Treasury in the name of the owner, wl;ich name wil. also be entered on the f ice of the c. rtificate. The form of the certificate ia to be as follows:

© : @ : united states refunding certificate. : : (10. April 1, l«7ff. : : This certifies that the stun of $lO has been : • deposited with the Treasurer of the United ; : States, under act of Feb. 26,1879. : ; James ; ; Treasurer of the United Slates, : G. W. Scofield, ;» ; Register of the Treasury- : ; Washington, D. C. . : ; Convertible, with accrued interest « 4 per : ; cent, per annum, into 4-per-ccut bonds of the ; ; United States, leaned under tbe acts of July : -i 14. 1870; and Jam 20. 1871. upon presents- : ; tion at the office of the Treasurer of the United : ; States, Washington, in sums of SSO or multi- : t plies thereof. , ; ©. «... © On the back: 0 ; Interest on this note will accrue aa follows: ; : For each nine days, or 110th part of a quarter, : . ; 1 cent; for each quarter year, 10 cents; for : ; each entire year, 40 cents. * : O „• 0

A citizen went into a Norwich (Conn.) hardware store, the other day, and inquired: “ How much do you ask for a bath-tub for a childP” “Three dollars and seventy-five cents,” was the reply “ W-h-e-w!” whistled the customer; “ guess we’ll have to keep on washing the baby in the coal scuttle till prices come down.” Young man, be economical; save up your pennies and put them in the bank ; then, when old age is upon you. and you are no longer able to earn your bread by the sweat of . your eye-brows, you can go to the bank—and find that the Cashier has just skipped out for Canada. —Elmira Gazetie. ' “Will you love me when I’m mole’d’” she asked. He didn’t understand what she peant, but lie was honest when he answered, “ Cdurse I will ;-Hvegot two on eachleg, and one on the back of my neck—they don’t hurt nothing.”— fution Times.