The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1898-06-20
UNITED STATES eONps.

Some TolaaJle Pointers 10 Intending f'of-
choscrs.
United states bonds are recognized |
as the most secure and stable form Of
obligation that investors can hold.
They are attractive, not only because
% the absolute security offered, but
because 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 10 the
holder wishes TO secure temporary
loan. The fact that United states
bonds are not subject TO taxes OF any
character-federal, state or municipa
lis valuable feature of that form OF
investment United States bonds are
issued in both coupon and registered /
form.
CouroN BoNns.
A coupon bond is payable TO the |
bearer II may be bought and sold /
without formality as freely as any kind |
OF property, and without Inducements /
OF any kind. Owing TO the freedom OF
transfer coupon bonds are usually pre-
ferred BE- persons who expect 10 hold |
them but a short time. Their disad. |
vantage for the person who wishes TO |
| a
the danger that they might be lost or |
stolen, in which case the loss TO the |
owner would be as complete as would |
be the loss OF bank note. The coupon
| bonds take their name from the method
| bv which interest is collected by the
holder.
Printed on the same sheet with the
bond is a series Of coupons or small
certificates OF interest du which arc
so desigr. ed that one is cut of at each
Interest period. Each coupon bears
the number OF the bond and shows the
date OF the coupons maturity. The
holder of a coupon bond, at each in.
terest period. detaches the coupon due
that day and collects it, The coupons
are payable nt any sub-treasury, and
may be collected by any bank, and will
usually be accepted by any merchant
having a bank account, with whom the
holder OF the bond has dealings The
holder OF n coupon bond vay at any
time have it converted into a register
ed bond free Of charge
REGIsTERED BONDS
A registered bond is payable TO the
order OF the owner, and can only be
transferred by being properly indorsed
and assigned by the owner Such as
signment is made by the owner filling
in the blank form on the back Of the
bond, and mus be witnessed by some
officer authorized by the regulations Of
the treasury department TO witnt IS
assignments The owner of the regis
tered bond who wishes TO part with Ii
writes his name OF the back OF the
l bond in the presence of the officer;
8 then the witnessing officer writes his
name in its proper place and afiiXes an
impression OF his official seal
= The officers who are authorized to
witness assignments are United
. States Judge, United States district
I attorney, clerk OF a United States d.
trict court, collector Of customs, col.
lector or asses or Of internal revenue,
: United States treasurer or assistant
j treasurer, or the president or cashier
Of q national bank, or, IL in foreign
e country, United States minister or
,, consul. In cases where there is no
officer within reasonable distance, or
when, through sickness or for some
other good reason, the owner of regis
tered bonds cannot gs before one of
these officers. the treasury department
y will designate some person near the
/. owner TO act as witness.
When the owBer Of IA registered bond
disposes OF H. and has properly assigned
+, 1t he delivers it TO the new owner, who
should at once forward IL TO the regis
ter of the treasury for transfer or the
!, books OF The department. The register
e caAcels the bond so forwarded and
issues new bond in the name OF the
new owner, and sends il to him by reg
{ istered mail. The department makes
no charge for transferring bonds.
II the owner OF registered bond
loses il, or il it II stolen from him, he
s should at once notify the secretary OF
+. the treasury. A stoppage will be en-
J. tered against the bond, ant IL IL should
be presented for transfer, the d. part
ment will hold possession Of the bond
s. until the ownership Is clearly estab-
y lished. II lost or stolen bond is not
n recovered within six months the de.
partment will issue a duplicate bond
upon proof OF loss and bond OF in
u demnity being furnished,
The interest on registered bonds is
paid by the government by means OF
checks u order that no mistake may
n be made in the payment OF inter st, the
!. books OF the depart nent are " closed
n for a period varying according to the
a Importance OF the loan. The books OF
u the per cent load OF 1907 are closed
for the whole month preceding the
payment OF a quarters interest Or
other loans the books are closed foi
fifteen days preceding the interest pay
y ment. Du ing this period no transfers
|" are made, and the time is devoted tC
j. preparing schedules" which contain
the names OF the owners, the amount
OF bonds each one holds, and the
amount OF interest due each one
When these schedules have been pre-
pared and proved they are sent 10 the
"a treasurer OF the United States, who
Immediately has checks aud envelopes
p addressed, and in due time each check
Is mailed to the address of its owner
10 The checks for more distant points ar,
y first mailed. Interest checks are ob
Al legations OF the United States and, o
"a course, are good everywhere.
Coupon bonds are issued in denomi
10 nations OF $40, 500, $500 and 81 900
m Registered bonds are issued in demon
Is nations of $50, 500, $500, 81 900, IS ,OO
a. and $4,000.
NOW TO SUBSCRIBE FOR THE NEw BONDS
. The war loan which is now bein,
III offered will be sold 10 subscribers a
re par during the period OF subscription
a. which ends July Il, ls0s. The metho,
~ Of subscription has been made as sim
= Pile as possible. Blank forms may b
Va obtained at every money order post
ay Office, and at most OF the banks an
express offices, and on these forms Is
ne clearly indicated all that il is neces
sary for the subscriber 10 hll out
II The subscriber may himself mail I