The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1898-06-25
UNITED STATES BONDS.


The following is taken from an OFF,
cial circular of the Treasury Depart
ment issued for the purpose of dissem-
mating information concerning the new
bond issue:
Omitted States bonds are recognized
as the most secure and stable form of
obligation that investors car hold.
They are attractive not only because of
the absolute security offered, but be-
cause there Is at all times a market for
them on which holders can quickly sell;
and they also offer the most desirable
form of collateI al If the holder wishes to
secure a temporary loan. The fact that
U. S. bonds are not subject to taxes of
any character-Federal, State or mum
icipal-is a valuable feature of that form
of investment. U. S. bonds are issued
in both coupon and registered form.
A COUPON BOND is payable to the
bearer. 1t may be bought and sold
without formality as freely as any kind
of property and without Endorsements
of any kind. Owing to the freedom of
transfer, coupon bonds are usually pre-
ferred by persons who expect to hold
them but a short time. Their d~isadvan-
tage for the person who wishes to make
a permanent investment lies in the dan
ger that they might be lost o stolen,
In which case the loss to the owner would
be as complete as would be the loss of a
bank note.
Printed on the same sheet with the
coupon bond is a series of coupons or
small certificates of interest due, which
are so designed that n is cut off at
each interest period. Each coupon
bears the numder of the bond and shows
the date of the coupons maturity. The
holder of a coupon bond, at each inter-
est period, detaches 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 merchant
having a bank account, with whom the
holder of the bond has dealings. The
holder of a coupon bond may at any
time have 1t converted into a registered
bond free of charge.
A REGISTERED BOND is payable to
the order of the owner, and can only be
transferred by being properly endorsed
and assigned by the owner, and must be
witnessed by a U. S. judge, U. S. dis
trict attorney, clerk OF a U. s. court,
collector of customs, collector or asses
sor of internal revenue, U. S. Treasur-
or or Asst. Treasurer, or the president
or cashier OF q national bank, or If in a
foreign country, a U. S. minister or
consul, In cases whore there are none
ofthe above officers within a reasonable
distance, or when, through sickness or
other good reason, the owner of regis
tered bonds car not go before one of
these officers, the Treasury Dept. will
designate some person near the owner
to act as witness.
When the owner of a registered bond
disposes of 1t and has properly assigned
1t, he delivers 1t to the new owner, who
should at once forward 1t to the Regis
ter of the Treasury for transfer on the
books of the Department. The Regis
ter cancels the bond SO forwarded and
Issues a new bond in the name OF the
new owner, and sends 1t to him by reg
istered mail. The Department makes
no charge for transferring bonds.
If the owner of a registered bond loses
1t, or If it Is stolen from him, he should
at once notify the Secretary OF the
Treasury. A stoppage will be entered
against the bond, and, if it should be
presentd for transfer, the Department
will hold possession OF the bond until
the ownership Is clearly established. II
a lost or stolen bond is not recovered
within six months, the Department will
issue a duplicate bond upon proof of
loss and a bond of indemnity being fur
nished.
The interest On registered bonds is
paid by the Government by means of
checks.
Coupon bonds are issued in denomin-
atoms Of $40, 500, $500, and 81, 900.
Registered bonds are issued in denom-
nations of 500, 800, $500, 81, 900, So, 900,
s1O, 600.
SPECIAL NOTICE: Subscriptions
for the new war loan, consisting of two