West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1898-06-23
UNITED STATES BONDS.
Some Valuable Information In Re
gard TO Them.

United States bonds are recognized
as the most secure and stable form of
obligation that investors can hold.
They are attractive, not only because
OF the absolute security offered. but be-
cause there is at all times = public
market for them ON which holders can
quickly sell; and they also offer the
most desirable form OF collateral IL the
holder wishes to secure temporary
loan. The fact that United States
bonds are not subject to taxes of any
character-Federal. State, or munich
pals a valuable feature OF that form
of investment. United States bonds
are issued in both coupon and regis
tered form.
COUPON BONDS.
coupon bond is payable to the
bearer. 1t may be bought and sold
without formality as freely as any kind
Of property and without Endorsement
of any kind. Owing TO the freedom OF
transfer, coupon bonds are usually
preferred by persons who expect to
hold the 10 but a short time. Their dis
advantage for the person who wishes
To make permanent Investment lies
in the danger that they mlgnt be lost
or stolen. ia which case the loss to the
owner would be as complete MS would
be the loss OF bank note. The coupon
bonds tske their name from the meth
cd by which interest is collected by
the holder.
Printed on the same sheet with the
bond is a series of coupons or small
certificates of interest due, which are
80 designed that one is cut off at each
interest period. Each coupon bears
the mum Der of the bond aud shows the
date of the coupons maturity. The
holder of coupon bond, at each in
tersst period, dotaches the coupon due
that day and collects it The coupons
are payable at any Sub Treasury. and
may be collected through any bank,
and will usually be accepted by any
usrchant haying bank account, with
whom the holder Of the bond has deal
ings The holder of coupon bond
may at any time have IL converted nto
a registered bond free of charge.
BEeIsTERED BONDS
A registered boud is payable TO the
order OF the owner, and can only be
transferred by being properly indorsed
and assigned by the owner Such as
sigu ment is made by the owner filing
in the blank form on the back OF the
bond, and must be witnessed by some
otlcer authorized by the regulations OF
the Treasury Department to witness
assign ments. The owner of the reg.
istered Uond who wishes to part with IL
writes his name on the back OF the
bond In the presence Of the officer; then
the witnessing officer writes his name
ia its proper place aud ahiEes an i'm
preston OF his official seal
The officers who are authorized TO
witness assignments are a United
States judge, United States district
attorney, clerk Of United States
court, collector OF customs, collector or
assessor Of internal revenue. United
States Treasurer or Assistant Treasurer
or the president or cashier of a ma
tioual bank, or IL ia foreign country
United States minister or consul. In
cases where there is no officer within a
reasonable distance, or when, through
sickness or for some other good reason.
the owner Of registered bonds can not
go before one of these officers. the
Treasury Department will designate
some person near the owner 20 act az
/ witness
When the owner Of a registered bend
disposes of II and has properly signed
/ IT, he delivers IL TO the new owner.
Who should at once forward IL to the
Register Of the Treasury for transfer
on the books Of the Department. The
Register cancels the bond so forwarded
and ISSUES a new bond In the name Of
the new owner. and sends IL TO him bv
registered mail. The Department
makes no charge for transferring bonds
! II the owner Of a registered bond