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The Long-bond Bill

The Long-bond Bill image
Parent Issue
Day
15
Month
March
Year
1878
Copyright
Public Domain
OCR Text

Tho bilí passed by the Senate of the United States providing for the issuo of bonds of the denominations of $25, $50, i and $100, redeeinsible in ooin af ter flfty [ years, and drawing 4 per cent. interest i in coin, is printed in f uil below. ïhis, ! or Borne measuro similar in ita provisions will become a law, nnloss the Preaidontial veto shoulil interferc: Be il enackd, etc, That ia lieu of that araount of 4 per cent. bonds of tho United States authorizod to be issued by act of July 14, 1870, tho Socrotary of the Trèasury of the United States is hereby authorized and dircctod to issue a Hum uot exceeding one hnndrcd million dollars coupon bonds of tho United States of tho donominatious of $25, $50, md $100, and of equal sums of eaeh aaid deneminations, redeomablo in coin fifty yoars from tho date of thcir issuo, and beariog intcroBt payablo ncmiannually at tlie rate of 4 per cent. per annum, and said bonds shnll be exempt from taxation in liku manner as those in place of which they are to be issued. Sec. 2. That said coupon bonds shall bo made payable to tho order of the porgon wlio hall pay the money therefor, and the name of such person, or his or her assignee, or of any snbsequent asbignee, aud his orher resideneo shall bo regiütered as tho owner of bucü bond in like inanner as if tho saino was a regiatered bond, and such coupon bonds shall be transfcrrable i only by apaignment duly ackuowledged before and cortified nndcr the eal of the Clerk of a Stato Court of Hocord, or Federal coiu't, or United Statos Oommissloner, whioh assignment shall nlo be executod in the jresenco of two subscriblng witnesses; and suoli assignnientmay also be made leaving the name of theastigneo blaim. and when so made in lilank and executed as hereinbeforo providcd, said coupon boud shall be transfcrrable by delivery in liko manner tí if payable to bearer. Sec. 3. That the coupons attached to said bonds shall bo payablo either in United States legal-tonder notes or in coin, at the optiou of tho United States, and the same shall be paid at any of tho sub-treasuries or ruouey depositorieB of tho United States, or at auy national bank, and it is hereby made the duty of each of said national banks to pay said coupons npon presentation without obargos, and remit the samo to the treasmy for rodomption, but naid national banks shall on!y be required todo so upon the production of the proper bond to which the coupon presented shall have been attached. 8eo. i. That the Secretary shall keep said boudj for salo at the different nub-treasuries, national banks, and money dopositorios of the United States, and shall dispose of the same at par and accrued interest for coin, or for United States legal-tender notes at tlicir nominal valuó, and such legal-tender notea shall be reissued, and their procoeds and the coin received for such bonds shall bo applied to tho redemption of outstanding bondi of the United Statos which aro rodeemable audbearthe highest rate Interest of snch bonds. Seo. 5. That the provisions of sectioni 3,704 and 3.705 of the KovisedStatutes of the United States, auihoriziiig the issuo of another bond in room of any registored bond lost or dostroyed, are liereby made applicable to the bonds to bo issued under thia "statute, but only in case of loss or destruetion thcreof before execution of the assignment in blank thoreon. Tho Secretary of the Treasury is authorized to mako such rules and orders as may ba necessary to carry out the provisions of thiB act. Natioiiallties and Ages of the Popes. The journal of the Frcnch Statistical Society publishcs somo cnrious statistics concerniiig tlie Popes which may not be without interest at the present time. Pius IX. was the 252d Pope. Of these 16 wero French, 13 Greeks, 8 Syrians, 6 Germana, 5 Spaniards, 2 Airicans, 2 i Savoisiens, 2 Dalmatians ; Englaud, Portugal, Holland, Switzerland, and Candia furnishing one each ; Italy provided the rest. Since 1523 all the Popes have been eelected f -om Italiau Cardinals. Seventy Bishop3 of Rome, belongiug, with very few exceptions, 'm the epoch preceding the establishment of the temporal power, have been proelaimed saints. The ten last centuries have seen nine Popes j.udgel yrorthy by the Popes themselves of being sanotified. Of the 252 Pontiffs, not including St. Peter, eight died within a rnonth of their elevation to the Popedom, 48 within a year, 22 were seated between one and two yenrs. 54 from two to fivo yê&rs, 57 from 5 to 10 years, 51 from 10 to 15 yeara, 18 from 15 to 20 years, and 9 more thnn 20 years. Pius IX., in the years of his Pontificóte, snriassed in 1874 all the Roman Pontiffs except the Spanish antiPope, Benedict XIII , of Luna, who, elected afc Avigtion in 1394, died at Pensioola, near Valencia, in 1424. In respect of age he has been surpaesed by o, very ; great number of his predecessors. Thero died at the age of over 82 vears Alexander XIII. (1089-91) and Pius VI. (1775-99); at 83 years, Paul IV. (1555-59), Givgory XTII. (1575-85), Innocent X. (1644-55), Benedict XIV. (1740-58), Pius VII. (1800-23) ; between 84 and 80 ycars, Paul UI. (1534-49). Boniface 'VIU. (1294-1303), Clement X. (1070-76), Innocent XII. (1691-1700; between 90 and 92 years, John XII.. Pope of Aviguon (1316-34;, Clement XIII. (1730-40), at the age of 100 years. S auü Z. The letter . often takes the sound of ! z, n type wbioh printers havo tried to j abolish as far as possible, or drive its uso to a minimum. To the close of the last century books sliow to us rouze, comprize, surprize and mauy other words with z, not .i. Tbis miggests a general law - thatwhenever two modes of wriüng exist we ought to select that which comes nearest to the received pronunciation. This will give us jail (not gaol), ehymist (not chemist), artizan, partizan, reprizals, civilize, with z, as numerous other verbs in ize. But tliero will remain mauy other traps to the foreigner. How is he to know tliat thit has the s sharp, while in hin, is the a is sounded likez? Th rit in loose, dose, chase, grease (as substantive), goose, geese, it is sharp; but in lose, choose, cheese, peas, chaise and the verb grease the s is blunt ? That grease, uso, house, when nouns, also, dift'uso when an atljective, have all sharp #, while the s is sounded like z wheu theyare verbs, is more tlmn accident, and deserves attention. Some mark or other ought to distiuguish the blunt 8, if we shrink from uniformly changing it to z. At present (we suppose) the public coiild not bear hiz, 'va, roze, shoez, wize, wizdom; but thcy wouíd not resent a dot (or, botter, tbree dots) under the s wb.enever it has the z sound, for the dots wonld bc omissible at pleasure. Even if threo dots bo all faint, yet collectivcly they are always visible, and are never mistaken for a blot. Indeed, this triple dot, added to tho doublé dot, as in diéresis a, c, o, will help us through man y difficulties. Bnt another admissil)le device would be to print a long ƒ (without horizontal line) whenevor s is sounded as z. - Frascr's Magazine. Social " Deceptions." I heard an amnsing criticism npon Washington society the oilier day, and not without its sober lessons. A sable Chloe, entering the room of heremployer a few days ago, delivered herself omphatically thus: " Well, ma'am, yestiddy was surely a deception day. I was out on j K street, and the whole place was jammed i up witli carriagea and people. Most evei-ybody out there deceived. I believe that Mr. Evarts must have plenty of money. He paid a man .f5 just to stand there and open the carriage doors. Ho is going to givo auothcr deception tomorrow night, and havo 1,500 people ut it. Well ! well ! what I wonder at is, what time do they 'low themselves to serve the Lord?" - Cleveland PlainDealcr Washington Letter. A man of quiet taste goes balijud the umi takee it,

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Old News
Michigan Argus