ubscriptions,
but no commission will be paid upon any single subscription less
than $1,000.

"Forms of application will be furnished by the treasurer at
Washington, the assistant treasurers at Baltimore, Boston, Chicago,
Cincinnati, New Orleans, New York, Philadelphia, St. Louis, and
San Francisco, and by the national banks and bankers generally.
The applications must specify the amount and denominations required,
and, for registered bonds, the full name and post office address
of the person to whom the bonds shall be made payable.

"The interest on the registered bonds will be paid by check, issued
by the treasurer of the United States, to the order of the holder,
and mailed to his address. The check is payable on presentation,
properly indorsed, at the offices of the treasurer and assistant
treasurers of the United States.

"Payments for the bonds may be made in coin to the treasurer of
the United States at Washington, or the assistant treasurers at
Baltimore, Boston, Chicago, Cincinnati, New Orleans, New York,
Philadelphia, St. Louis, and San Francisco.

"To promote the convenience of subscribers, the department will
also receive, in lieu of coin, called bonds of the United States,
coupons past due or maturing within thirty days, or gold certificates
issued under the act of March 3, 1863, and national banks will be
designated as depositaries under the provisions of section 5153,
Revised Statutes of the United States, to receive deposits on
account of this loan, under regulations to be hereafter prescribed.

"John Sherman, Secretary of the Treasury."

After the publication of this notice inviting subscriptions to the
four per cent. bonds, I found that the chief impediment in my way
was the apparent disposition of both Houses of Congress to require
the called bonds to be paid in United States notes. This was not
confined to any party, for, while the majority of the Democrats of
each House were in favor of such payment, many of the prominent
Republicans were fully committed to the same policy. I was requested
by committees of the two Houses, from time to time, to appear before
them, which, in compliance with the law, I cheerfully did, and
found that a free and unrestricted statement of what I proposed to
do was not only beneficial to the public service, but soon induced
Congress not to interfere with my plans for resumption. My first
interview was on the 11th of March, 1878, with the committee on
coinage