Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1898-06-22
WEDNESDAY, JUNE %. 1898.


Secretary Of the Treasury l.. man
J. Gage has issued a circular explana-
tory of govern nenU bonds. ma king
particular allu~ion to th4 late I~sue
OF S2OO.OOO.OO0 Of war bonds. It is
intended to distribute this issue, so
far as possible, among the people in
small amounts, and subscriptions
for the same are invited. The bonds
will beissued in both coupon and regis
tered form, the coupon bonds in
denominations of $50, 800, $500
and 81, 900, and the registered bonds
in denomination Of $50, 500, $500,
$1,000, $4,000 and $4,000. They
will be dated August I. 1898, and, by
their terms, will beredeemable in coin
at the pleasure of the United States
after ten years from the date of their
issue. and due and payable August |,
1918. Subscription blanks for the
bonds may be had at the posto flee
on application.
All remlttances and other commune
cations relative to this loan should be
addressed to the Secretary of the
Treasury, Division Of Loans and Cur
reucy, Washington, D. G. All subscrip-
tions must perceived at the Treasury
department, Washington, ID. c., not
later than 3 O'Clock P. M. Thursday,
July IA, 1898. No subscriptions
received after that date and hour will
be considered.
Secretary Cages circular is as fol
lows:
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 because there is at all times public mar
ket for them on which holders quickly
sell; and they also offer the most desirable
form of collateral if the holder wishes to secure
a temporary loan. The fact that United States
bonds are not subject to taxes of any character
federal, state, or municipal-is a valuable
feature of that form of investment United
States bonds are issued in both coupon and
registered form
COUPON BONDS.
coupon bond is payable to the bearer 1t
may be bought and sold without formality as
any kind of property and without endorse
ments of any kind. Owing to the freedom of
transfer, coupon bonds are usually preferred
by persons who expect to hold them but a
short time. Their disadvantage for the person
who wishes to ma Ike a permanent Investment
lies in the danger that it might be lost or stolen
in which the loss to the owner would be as
complete as the loss of bank note. The cOu-
pom bonds take their name from the method by
which interest is collected by the holder.
Printed on the same sheet with the bond is a
series of coupons or small certificates of inter
est due, which are so designed that one is cut
off at each interest period. Each coupon bears
the number of the bond and shows the date of
the coupons maturity. The holder of coupon
bond, at each interest period, detaches the
coupon due that day and collects it. The cou.
pons are payable at any sub-treasury, and may
be collected through any bank and will usual
ly 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 al
any time have it converted into registered
bond free of charge.
REGISTERED BONDS.
registered bond is payable to the order O
the owner, and can only be transferred by be
ing properly indorsed and assigned by the
owner. Such assignment is made by the Owne
filling in the blank form on the back of TIT
bond, and must be witnessed by some officer
authorized by the regulations of the Treasur
department to witness assignments. The owne
of the registered bond who wishes to part Will
it writes his name on the back of the bond il
the presence of the officer; then the witnessing
officer writes his name in it's proper place an(
affixeS an impression of his official seal.
The officers who are authorized to witnes
assignments are United States judge, Unite
States district attorney, clerk of a Unite
States court, collector of customs, collector o
assessor of internal revenue, United State
treasurer or assistant treasurer, or the presl
dent or cashier of national bank, or IT i
foreign country, United States minister o
consul. In cases where there is no office
within a reasonable distance, or when, throug
sickness or for some other good reason, tn
owner of registered bonds can not go befOr
one of these officers, the Treasury department