Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1898-06-24
THE NEW NATIONAL LOAN

The Secretary of the Treasury invites sub.
scriptions from the people of the United
States for $500, 100000 of the bonds of the
3 per cent loan authorized by the act of
Congress to provide ways and means to meet
war expenditures. Subscriptions will be
received at par for a period of thirty two
days, the subscription being open from June
18th to o'clock p. M. on the 14th day of
July, 1898. The bonds will be issued in
both coupon and registered form, the
coupon bonds in denominations of $50,
800, $500, and $1,000, and the registered
bouds in denominations of $50, 800, $500,
$1,000, 5000, and $4,000. They will be
dated August l, 1898, and, by their terms,
will be redeemable In coin at the pleasure
of the United States after ten years from
the date of their issue, and due and payable
August 1, 1918.
The bonds will bear interest at the rate of
8 per cent per annum, payable quarterly /;
the interest on the coupon bonds will be
paid by means OF coupons, to be detached
from the bonds as the interest becomes due,
and the interest on the registered bonds will
be paid ny checks drawn to the order OF the
payees, and mailed to their addresses.
The law authorizing this issue of bonds
provides that in allottlng said bonds the
Several subscriptions OF individual shall be
first accepted, and the subscriptions of the
lowest amounts shall be first allotted. Ia
accordance with that provision allotments
to all individual subscribers will be made
before any bonds will be allotted to other
than individuals. All individual subscrip.
tons for $500 or less will be allotted in full
as they are received, and such subscriptions
must be paid in full at the time the sub.
scription is made. If the total sum sub.
scribed for In amounts of $500 or less should
exceed 200,000,000 the aIlotments will be
made according TO the priority of the re.
ceipt Of the subscriptions.
Allotments on subscriptions for over $500
will not be made until after the subscription
closes, July 14th, and will then be made in
versey according to the size Of the subscrip.
ton, the smallest subscription being first
allotted, then the next in size next, and so
on, preference being given to individual sub.
scrptions. Persons subscribing for more
than $500 must send in cash or certified
checks to the amount of per cent. Of the
sum subscribed for, such deposit to const-
tute partial payment, and to be forfeited
10 the Uuited States in the event of failure
on the subscribers part to make full pay.
ment for his subscription, according to the
terms of the circular. Allottnents to sub.
scribers for more than $500 will be made
as soon as possible after the subscription
closes.
For the mutual convenience of the sui
scribers and the department, blank form
Of letter to accompany remittances has been
prepared, and it may be obtained at the
offices Of national and state banks gener.
ally at the several subtreasuries of the United
States, at any money order postofllce, and at
any express office.
The bonds will be dated August 1, 1898,
and they will be forwarded TO subscribers at
the address designated by them free of ex.
pense for transportation as soon after that
date as possible. The bonds will be accom-.
panied by check for the amount of inter-
est due the subscriber at the rate of per
cent from the date Of his payment to Au.
gust 1, 1898.
All remittances and other communica.
tons relative To this loan should be address
ed to the Secretary the Treasury, Division
Of Loans and Currency, Washington, d. G.
All subscriptions must be received at the
Treasury Department, Washington, ID. T.,
not later than 8 o'clock p. NJ Thursday,
July ID, 1898. No subscriptions received
after that date and hour will be considered.