The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-14
HON THE BOND ISSUE
IS TO Be HANDLED.

WASHINGTON, June ls.-Immediately
upon information from the White House
that the war revenue bill had been signed
by the president, Secretary Gage issued
the following circular. explaining 10 the
public the proposed bond issue:
Treasury Department. Office of the Secre-
tary. Washington. June i3 1888.
The secretary OF the treasury invites
subscriptions from the people of lhe
United States for s200.0o0. .0l0 of the bonds
Of the three per cent. Joan authorized by
he act of congress approved June l3 1885
Subscriptions will be received at par for
a period of thirty-two days. the subscrip-
ton being open from this date until 3
o'clock p. m. on the lith day OF July. 1888.
The bonds will De issued in both coupon
end registered form. The coupon bonds
in denominations of SO, si00, $500 and sI,es0
and the registered bonds In denominations
Of $40. sieo. $500, s1.0oo. $500 and $1,000
They Will be dated Angus: ], 1885 ana by
their teins will be redeemabe in coin al
the pleasure Of the United States. after
ten years from the date of their issue
and due and payable August l, 1915 The
bonds will bear interest a. The rate of
three per cent. per annum, payable quar-
terry: the interest on the coupon bonds
Will be paid by means Of coupons 10 be
detached from the bonds as the interest
becomes due and the interest on the reg
.stered bonds viii be paid by checks drawn
"a tha 1ra.sr aS . fta
their addresses
The law authorizing this issue of bonds
provides that in aliotting said bonds the
several subscriptions OF individuals shall
be first accepted, and tho subscriptions Of
the lowest amounts shall be first allotted
lotments TO all individual, subscribers viii
DC made before any bonds VIII be allotted
other than TO individuals. Ali individual
subscriptions for $500 or less. VIII be al
lotted in fun as they are received. ard
such subscriptions must be paid In full a
the time the subscription e made. If the
total sum subscribed for. in amounts OF
500 or less. should exceed s2oo.eooco the
aliotments will be made according to the
priority of the receipt of the subscriptions.
Allotments on subscriptions for over $500
viii not De made until after the subsCrp-
;ion closes. July H. and will then be made
lnversely according TO The size OF the sub
scriptlon, the smallest subscription being
first allotted. then the next in SIZE and 50
on. preferences beiry given Individual sub
sxriptions. Persons subscribing fer more
than 500 must sand In cash or certified
checks TO the amount OF two per cent Of
the sum subscribed for. such deposit 10
constitute "a partial payment and to be
forfeited 10 the United States in the event
of failure on the subscribers par; to make
full paymen; for his subscription. accord
ing to terms OF the circular. Allotment
10 subscribers for more than $500 Will be
made as soon as possible after the sub
script.on closes. In order 10 avoid too
rapid absorption of funds into che treas
On Industry snd commerce, arg subscriber
FOR more than 500 viii be permitted to
take his allotment of bonds in lutai!ments
Of ~ per celt. taking the first irs,a,lnent
Hif;..n ten days after the notice cf the
allotment and the balance at four equal
intervals of forty days each. in four in
s.a.lnep,s each 0. - per cent. allotted.
Delivery OF bonds VII be made in in
sIz.s-nen:s. as payment for them Is -eceiv-
Cd. and payment mus, In al eases BE
made in full as the bozds are aiken.
The two per cent deposit VIII apply
.n ;hearai settlement And subscriber may
pay for The waole amoant allotted him
within ten days Of the not'cs of his ziipt-
rnent Interest will be adjusted from fhe
tigne Of the actual paymen,. whether paid
in one sum Or IS Inst2l,tnsu,s. as per
Enis,ed. separate sG0scr. pfions from o1e
individual. although made fTosu time 20
1ilne. viii be Aggregated and considered AZ
ore Subscription. The SECRETARY @: tss
treasury will receive In payment for the
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