The Mason County journal. [volume] (Shelton, W.T.) 1886-1927, 1898-06-24
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United States Bonds.

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 a public
market for them on which holders can
quickly sell; and they also offer the
most desirable form of collateral if 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
pal-is a valuable feature OF that form
Of investment. United States bonds
are issued in both coupon and register
ed form.
A coupon bond is payable to the
bearer. It may be bought and sold
without formalitv as freely as any
kind of property and without indorse-
ments of any kind. Owing to the
freedom OF transfer, coupon bonds are
usually preferred by persons who ex-
pect to hold them but a short time
Their disadvantage for the person who
wishes to make permanent invest
ment lies in the danger that they
might be lost or stolen, in which case
the loss to the owner would be as COM
plete as would be the loss of bank
note. The coupon bonds take their
name from the method by which in
terest is collected by the holder.
A registered bond is payable to the
order of the owner, and can only be
transferred by beng properly Endorsed
and assigned by the owned. Such as
Segment is made by the owner filing
in the blank form on the back OF the
bond, and must be witnessed by some
officer authorized by the re, ulations of
the Treasury Department to witness
assignments. The owner of the regis
tered bond who wishes to part with it
writes his name on the back of the
bond in the presence of the officer !;
then the witnessing officer writes his
name in its proper place and affixes
an impression of his official seal.
Ii the owner of registered bond loses
it, 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
presented for transfer, the Department
will hold possession of the bond until
the ownership is clearly established.
II lost Or stolen bond is not recover
ed within six months, the Department
will issue duplicate bond upon proof
of loss and bond of indemnity being
furnished. Coupon bonds are issued
in denominations Of 500, 500, $500,
and 81 600. Registered bonds are is
sued in denominations of 500, 500,
$500, ST. 900, $4,000, $4,000.
The war loan which is now being Of
fered will be sold to subscribers at par
during the period of subscription.
which ends July IA, 1898. The method
OF subscription has been made as
simple rs possible. Blank forms NAV
be obtained at every money-order post
Office, an at most OF the banks and
express Offices, and on these forms is
clearly indicated all that it is neces-
sary for the subscriber to fill out. The
suhsc. her may himself mail to the
Treasury Department at Washington
the lank form filled out, together
with his ;"mi.tance covering the par
value Of II e amount of bonds for which
he wishes TO subscribe That remit
lance may in whatever form best
suits the sal scriber's cOnvenience-in
currency, bank draft. check, post-office
money order, or express money order.
The dar the currency is received, or
the day Tie proceeds are received from
the checks, drafts, or money orders,
the subscription will be entered and
will Immediately begin drawing inter
est. When the bonds are delivered, a
check will accompany each delivery
covering the interest at per cent
from the day the subscription is enter
ed to the lst of August, the date of the
bonds, and from which date the bonds
will carry their own interest.
SOME good people disagree with the
News regarding our throwover of the