The Mena star., 1898-06-15
THE NEW BOND ISSUE.
Subscriptions for the S2oo, 900, ,ooo
 Will Soon Be Started.
Those Who Purchase Amounts of $500 and Less Win Be Served First Others Must Wsit-secretary Gage Explains
 the Features.

WASHINGTON, June 14.--Immediatciy upon receipt of the information from the white house that the revenue bill had been signed by the president, Secretary Gage yesterday issued the following circular explaining to the public the proposed bond issue:
 TREASURY DEPARTMENT, OFFICE or THH SECRETARY WASHINGTON, June l3. 1898 The secretary of the treasury invites subscriptions from the people of the United States for 200, 900 900 of the bonds of the three per cent loan authorized by the act of congress approved June IS, 1898 Subscriptions will be received at par for period of g. days the subscriptions being open from this date to three o'clock p m on the i4th day of July, 1898 The bonds will be issued in both coupon and registered form the coupon bonds in denominations of S20. si00. S50) and si. GOO and the registered bonds in denomi- nations of SEQ s00 s5O0 Sl 000 5. 600 and BIO 00o They will be dated August 1, 1S96 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 three 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 by checks drawn to the order of the payees and mailed to their addresses
 The law authorizing this issue of bonds pro- vides that in allotting said bonds the several subscriptions of individuals shall be first ac- cepted. and the subscriptions of the lowest amounts shall be first allotted In accordance with that provision allotments to all individ- uai subscribers will be made before any bonds will be allotted to other than individuals All individual subscriptions 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 subscription is made. If the total sum subscribed for in amounts of $500 or less should exceed f200 ,0oO,0 900. the allotments will be made according to the priority of the receipt of the subscriptions
 Ailotments on subscriptions for over $500 will not be made until after the subscription closes, July 1s, and will then be made inverse ly according to the size of the subscription the smallest subscription being first allotted then the next in size and on, preference being given to individual subscriptions Persons subscribing for more than $500 must send in cash or certified checks to the amount of two per cent of the sum subscribed for. such deposit to con stitute partial payment, and to be forfeited to the United States in the event of failure the subscribers part to make full payment for his subscription, according to the terms of the circular Allotments to subscribers for more than $500 will be made as soon as possible after the subscription closes
 Tn order to avoid too-rapid absorption of funds into the treasury with possible conse- Quent evil effect on industry and commerce, any subscriber for more than $500 will be per mitted to take his allotment of bonds in in- stallments of 20 per cent, taking the first in- stallment within ten days after the notice of the allotment and the balance at four equal intervals of 40 days each in four in- stallments each of 20 per cent of the bonds allotted Delivery of bonds will be made in installments as payment for them is received and payment must in all cases be made in full as H,e to1va will apply in the final installment Any sub scriber may pay fer the whole amount allotted him within ten days from the date of the notice of his allotment Interest will be adjusted from the time of the actual payment, whether paid in one sum or in installments per- mitted Separate subscriptions from one indi- vidual, although made from time to time, will Dc aggregated and considered subscrip- tion
 The secretary of the treasury will receive in payment for the bonds, post office money orders payable at Washington, and cheeks bank drafts and express money orders collectable in the cities of New York. Boston, Philadelphia, Baltimore. Washington. Cincinnati. Chicago. St Louis. New Orleans and San Francisco. All money orders and bank drafts must be drawn in favor Of the treasurer of the United States.
 The money orders and bank checks so received will be forwarded for collection by the depart ment and as soon returns are obtained the subscriber will be credited with the amount of his subscription as of the date of collection. The secretary will also receive in payment for the bonds certificates of deposit issued by the assistant treasurers of the United States in the above named cities. These cer- tttcates of deposits may be obtained from any assistant treasurer in exchange for gold coin. gold certificates, standard silver dol lars. silver certificates, United States notes. treasury notes of 1890 and national bank notes; and the subscriber will he Qradftad " he amount of his subscription of the date of the certificate of deposit The secre- tary will also receive currency by registered mail or by express direct to the treasury de- partment
 For the mutual convenience of the subscrib- CTS and the departments blank form Of let ter to accompany remittances has been pre- pared. and it may be obtained at the offices of national and state banks generally, at the sev- eral subtreasuries of the United States, at any money order post office and at any express of- fee
 The bonds will be dated August l. ises and will be delivered to subscribers free Of expense for transportation as soon after that date as possible. The bonds will be accompanied by check for the amount of interest due the sub scriber from the date of his payment to Au- gust l. 1898
 All remittances and other communications relative to this loan should be addressed to the secretary of the treasury division of loans and currency, Washington All subscriptions must be received at the treasury department Wash ington. not later than three o'clock D m Wednesday, July IA, 1898. No subscriptions received after that date and hour will be con- sidered. L. J. GAGE Secretary
 All Messages to Hobson Delivered.
 WASHINGTON, June 14.--In response to an inquiry, Gen. Linares of the Spanish array at Santiago, cabled the fo1J II 4r.