The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1898-06-18
Subscriptions Opened for Two
Hundred Millions Of Three
per Cent. Bonds.
How They WILL Be ISSUED
Small Subscriptions viii Have the
First Call and the Larger
Ones the Next.
WILL BE ISSUED IN TWO SERIES
Both, tho Coupon and Registered
Forms Will Be Uscd--lntcr-
est on 10th IL l'ayn-
BILE Quarterly.

upon the receipt of the information
from the white house that the war rev.
snue bill had been signed by the presi-
dent Secretary Gage today issued the
following circular explaining to the
public the proposed bond issue:
THE secretary of the treasury in
vites subscriptions from the people Of
the United States for $500, 0O0,o 900 of
bonds bearing interest IT 3 per cent.
pm the loan authorized by the act of
congress approved June 10, 1898. Sub
kcriptions will be received Mt par for
the period of thirty days, subscriptions
being open from this date to $ p. m. on
the 18th day of July, 1898. The bonds
ure to be issued in both coupon and
registered form, the coupon bonds in
denomination of $40, $500, $500 and
$1,000, the registered bonds in denomi-
nations Of $50, 500, $500, $1,000, $1,000
and $4,000. They are to be dated Au-
gust /, 1898, and by their terms will be
redeemablc in coin ut the pleasure Of
the United States after ten years from
date of issue and payable August /,
1918. The bonds will bear interest at
the rate OF 3 per cent. per annum, pay
able quarterly; interest on coupon
bonds will be paid by means of cou-
pons, to be detached from bonds as in
terest becomes due, and interest on
registered bonds will be paid by checks
drawn to the order of the payecs and
mailed to their addresses.
1.-The law authorizing this issue of
bonds provides that in ullotting said
bonds the several subscriptions of in
dividuals shall be first accepted, and
subscriptions of lowest amounts be
first allotted. In accordance with that
provision the allotments to all individ-
ual subscribers will be made before
any bonds will be allotted to other
than individuals. All individual SUBJ
scriptions for $500 or less will be allot-
ted in full MS received, and such sub
scriptions must be paid in full at the
time the subscription is made. If the
total sum subscribed for in amounts
of $500 Or less should exceed $500, OOO,-
900 the allotments will be made accord
ing to the priority of receipt of SUBJ
scriptions.
Attachments on subscriptions for
over $500 will not be made until after
the subscription closes July ID and
then it will be made inversely accord
ing to the size of the subscription, the
smallest subscriptions being first allot-
ted, then next in size, then the next,
and so on, preference being given to
individual subscriptions. The persons
subscribing for more than $500 must
send in the cash or certified checks to
the amount of 2 per cent of the sums
subscribed for, such deposit to consti-
lutte a partial payment and be forfeited
to the United States in the event of the
failure on the subscribers part to
make full payment for his subscrip-
ton, according to the terms of the cir
cular. The allotments to the subscrib-
ers for more than $500 will be made
soon us possible after the subscription
2~loses."
1t says that, in order to avoid too
rapid an absorption of funds into the
treasury, the subscribers for more
than $500 will be permitted to take
amounts subscribed for In install
ments Of 90 per cent. forty days apart,
the payment in full for each INSTALL
ment as taken being exncted, the 2
per cent deposit to apply on the final
installment. Interest is to be adjust
ed from time Of actual payment,
checks being sent with the bonds for
interest due up to August l. The sec
rotary will receive In payment postof-
flee money order, payable at Washing-
ton, checks, bank checks, express
money orders, collectible at New
York, Boston, Philadelphia, Baltimore,
Washington, Cincinnati, Chicago, St.
Louis, New Orleans and San Francisco.
Certificates of deposit will assist the
~treasurers of the United States in the
above named cities, who will receive
gold coin, gold certificates, standard
silver dollars, silver certificates, Unit
ed States notes, treasury notes of 1880
and national bank notes. The secre-
tary will also accept the currency sent
by registered mail or express.
Blank form of letter to accompany
r%emittanccs can be found at national
and state banks, subtreasurics, money
order postofices and express Offices.
All communications relative to this
loan should be addressed to Secretary
of the Treasury, Division OF Loans and
Currency, Washington, D. c."
No subscriptions received at treas
ury after 8 p. m, Wednesday, July II,
1895. will be considered.