The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1898-06-14
Will fifar Three Per Cent Inter-
est and Will Be in Sums
From S2O Up.
Individual Subscriptions Filled
First, Small Sums Having
Preference.
May Be Paid for in Four Install.
ments If That Method Is
Preferred.

upon receipt Of the information from
White House that the war revenue bill
had been signed by the president, Sec.
retary Gage issued circular, explain.
ing to the public the proposed bond is.
sue BY it the secretary Of the treas.
ury invites subscriptions from the peo.
pie of the United States for the $780,.
900. 900 bonds of the 3 per cent loan
authorized by the act of congress ap.
proved June Ii, 1898. Subscriptions
will be received at par for period Of
"a days, the subscription being open
from this date to o. clock p. IN. on the
llth day Of July, 1898. The bonds will
be issued in both coupon and registered
form, the coupon bonds in denomina.
tions of S2O, 800, 500 and $1,000,
and the registered bonds in denomina.
tions of $50, 500, 500, $1,000, $1,000
and $4,000. They will be dated Aug.
!, 1898, and by their terms will be re.
deemable in coin at the pleasure OF the
United States after 10 years from the
date of their issue, and due and pay.
able Aug. l, 1918
Individual subscriptions First.
The law authorizing this issue Of
bonds provides that In allotting said
bonds the several subscriptions of indi.
viduals shall be first accepted, and the
| subscriptions Of the lowest amounts
shall be first allotted. In accordance
with that provision, allotments TO all
! Individual subscribers viii be made be.
fore any bonds will bo allotted to other
than individuals. All individual sub
scriptions for 500 or less will be aliot.
ted in full at the time the subscription
is made. Ii the total sum subscribed
for in amounts of 500 or less should
exceed $500 900, 900, the allotment, will
be made according to priority OF the
receipt Of the subscriptions.
Allottments on subscriptions Tor
over $500 will not be made until after
the subscription closes. July ii, and
will then be made inversely according
to the size of the subscription, the
smallest subscriptions being first al.
lotted, then the next III size, and SO on,
preference being given TO individual
subs scriptions.
| Nav BE Taken in Installments.
In order to avoid too rapid absorp
ton of funds into the treasury, with {
possible consequent evil effect OH III
dustry and commerce, any subscriber
for more than $500 will be permitted t
take his allotment of bonds in install
ments of 20 per cent, taking the frs
lustallment within 10 days after tn,
notice OF the allotment, and the bal
ance at four equal intervals Of 40 day
each. in four installments each Of 2
ner cent of the bonds allotted. Dellv
erv will be made as payment IS re
celved.
For mutual convenience Of the sui
scribers and the department, a blanl
form Of letter to accompany remit
: tance has been prepared and 1t may b
obtained at the offices OF natlona
and state banks generally. at the sey
eral sub.treasuries Of the United State:
at any money order postoffice and a
any express office.
All remittances and other communl
: cations relative to this loan should b
addressed to tho secretary OF the trea
Q nrv. divisions of loans and currency
Washington, D. G.
All subscriptions must be received
the treasury department. Washington
i y. c.. not later than o'clock p. III
$ Wednesday, July II, 1898. No sui
| scriptions received after that date an
i hour will be considered.