Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1898-06-23
u. 8. BONDS.

Circulars and blanks for subscrip-
tions to the new government war
loan have been received at the War
rem Postoftice and at the Banks.
The Secretary OF the Treasury in
yites subscriptions from the people
OF the United States for 5000, OOO,-
900 OF the bonds OF the 3 per cent
loan authorized by the act OF Con-
gross tC, provide Ways and means to
meet war expenditures. Subscrip-
tions will be received at par for a
period OF thirty-two days, the sub
scription being open from this date
to 3 O'Clock p. NJ. on the 18th day Of
July, 1898. The bonds will be is
sued in both coupon and registered
form, the coupon bonds in denomin-
ations OF $50, 500, $500, and
$1,000, and the registered bonds in
denominations OF 500, 500, $500,
$1,000, s., 900, and $4,000 They
will be dated August l, 1898, 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 3 per cent per annum, payable
quarterly; the interest on the coupon
bonds will bepaid by means OF cou-
pone, 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 provides that in allotting said
bonds the several subscriptions ofin-
dividuals shall be first accepted, and
the subscriptions OF the lowest
amounts shall be first allotted. In
accordance with that provision al
lotments to allindividual subscribers
will be made before any bonds will be
allotted to other than individuals
All individual subscri ptions 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. Ii the total
sum subscribed for in amounts OF
$500 or less should exceed 5000, OOO,-
900 the allotments will be made ac-
cording to the priority OF the receipt
Or the subscriptions.
AllOtments on subscri ptions for
over $500 will not be made until al
ter the subscription closes, July 18th.
and will then be made inversely ac-
cOrding to the size OF the subscrip-
tlon, 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
5000 must send in cash or certified
checks to the amount OF 2 per cent
OF the sum subscribed fo1, such depo-
sit to constitute a partial payment,
and to be forfeited to the United
States in the event Of failure on the
subscribers part to make full pay
ment for his subscription, according
to the terms OF the circular. Allot-
ments to subscribers for more than
$500 will be made as soon as posi-
ble after the subscription closes.
In order to avoid a too rapid alb
sorption OF funds into the Treasury,
with possible consequent evil effect
on industry and commerce, any sub
scriber fol more than $500 will be
permitted to take his allotment OF |
bonds in instruments OF 20 per cent,
taking the first instalment within
ten days after the notice of the allot-
ment, and the balance at four equal
intervals OF forty days each, in four
instalments each of 20 per cent Of
the bonds allotted. Delivery OF
bonds will be made in instalments
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 instalment. Any subscriber|
may pay for the whole amount al
lotted 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
nsaid IN ono cl1Yn ~. II, innfa11nnntci Z, !,