The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-14
BIG CHANCE TO BUY BONDS.
GOVERNMENT OFFERS s2OO, OOO,O 900
TO THE PUBLIC.


VantaScOus to the Duyers-DOnds
to lie Dated August 1, and Re
decmable After Ten Years at the
Pleasure of the Government at
Amy Time 10 AuEuSt I, 1913.
Washington, June 1S.-Immediately upon
receipt of information from the White
House that the war revenue bill had been
signed by the President. Secretary Gage
to-day issued the following circular ex-
planning to the public the proposed bond
issue;
Treasury Department. Office of the Sec
rotary, Washington, June 10, 1S9S.-The
Secretary of the Treasury invites subscrIp-
tons from the people of the Nnited States
for O0,OOO,Ooo of the bonds of the 3 per
cent. loan authorized by the act of Con-
gress approved June IS, 1898.
Subscriptions Will be received at par
for period of thlrty-four days, the sub
scription being open from this date to 3
p. m. of the 14th day of July, 1898.
''The bonds wall be issued in both cou-
pom and registered form the coupon bonds
in denominations of $40. $780, $500 and $1,000,
and the registered bonds in denominations
of $50, 500, $500, $1,000, 5000 and $4,000,
"They win be dated Aug. !, 1898, and by
their terms win be redeemable in coin at
the pleasure of the United States after ten
years from the date Of their issue, and due
and payable Aug. !, 1918.
1.-The bonds will bear interest al the rate
Of
ly; the interest on the coupon bonds will
be paid by means of coupons, 10 be de-
tached from the bonds as the interest be-
comes due, and the interest on the regis
tered 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
provides that in alloting said bonds, the
several subscriptions of individuals shall
be first accepted, and the subscriptions of
the lowest amounts shall first be allotted.
I'm accordance with that provision al
lotments to individual subscribers will be
made before any bonds will be allotted to
other than individuals. All individual SUBJ
scrlpuons for $500 or less will be allotted in
full as they are received, and such SUBJ
scriptlons must be paid in full lat the time
scriptlons must be paid in flu at the time
'If the total sum subscribed for In
amounts of $500 or less should exceed $780,
900, 900 the allotments will be made accord
Ing to the priority of the receipt of the sub
scripuons.
"Allotments on subscriptions for over
$500 will not be made until after the sub
scrlpuon closes, July "A, and will then be
made inversely, according to the size of
the subscription, the smallest subscription
being first allotted, then the next in size,
next, and so on, preference being given to
individual subscriptions.
Persons subscribing for more than $500
must send in cash or certified checks to
the amount of per cent. of the sum CUB
scribed for such deposit to constitute a
partial payment, and to be forfeited TO the
United States In the event of failure en-
the subscribers part to make fun pay
ment for his subscription, according to the
terms of the circular
"Allotments to subscribers for more
than $500 viii be made as soon as possible
"In order to avoid a too rapid absorp-
ton of funds into the treasury, with O
possible consequent evil effect on industry
and commerce, any subscriber for more
than $500 viii be permitted to
take his allotment of bonds in in
stallments of 20 per cent, taking the
first lnstallment within ten days after the
notice of allotment and the balance In
four equal intervals of ten days each, in
IN a IL IF forty 1aNye alch in
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 the bonds are
taken The 2 per cent. deposit will apply
on the final installment.
amy subscriber may pay for the whole
amount allotted him within ten days no.
Gee Of his allotment. Interest will be ad-
justed from the time Of actual payment,
whether paid in one sum or in lnstallments
or permitted.
Gan subscriptions from one individual.
although made from time to time, will be
aggregated and considered as one sub
scrptlon
THE Secretary Of the Treasury will re-
celve in payment of the bonds postofilce
money orders payable at Washington ID
c., and checks, bank drafts and express
money, coectible 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 department and as
soon as returns are obtained the sub
scriber will be credited with the amount
of his subscriptions as Of the date of col
lection.
"The secretary win also receive in pay.
ment for the bonds certificates Of deposit
issued by the assistant treasurers Of the
United States In the above named cities
The securities OF deposit may be obtain
ed from any assistant treasurer in ex-
change for gold coin, gold certificates,
standard silver dollars, silver certificates.
United States notes treasury notes of
1890 and national bank notes; and the sub
scriber will be credited with the amount
of his subscription as Of date of certificate
of deposit
"The secretary Will also receive cur
rency sent by registered mail or by ex-
press direct to the treasury department
For the mutual convenience OF the sub
scribers and the department a blank form
of letter to accompany remttances has
been prepared, and It may be obtained nj
the offices OF national and state banks
generally, at the several sub treasures of
the United States, at any money order