The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-14
TO INTENDING SUBSCRIBERS
Secretary Gage Issues Letter OF In.
structiOns


Washington. June I3.-Immediately upon
receipt Of the information from the White
House that the war revenue bill had been
! signed by the president. Secretary Gage
! today issued the following circular ex-
planning to the country the proposed bond
Issue:
Treasury Department, Office OF the Sec
rotary Washington. d. c.. June 10, 1885
The secretary Of the treasury invites sub
scriptions from the people OF the United
States for $500 900 900 of the bonds of the
3 per cent loan authorized by the act of
congress approved June 10, 1898. Subscrip-
. tions will be received at par for a period
OF thirty-two days, the subscription being
open from this date to o'clock D. m. on
the 14th day of July 1898. The bonds
will be issued in both coupon and regis
tered form, the coupon bonds in demon
nations of $50. 800, $500 and :, 900 and the
registered bonds in denominations of $50,
800, $500. $1,000, 5000 and SO, OO0 They Will
be dated August l, 1885, 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 pay
able August l, 1918.
THE bonds Will bear interest at the
rate Of 3 per cent per annum, payable
quarterly; the interest on the coupon
bonds win be paid by means of coupons,
to be detached from the bonds as the
interest becomes due, and the interest on
the registered bonds viii be paid by
checks drawn to the payee, and mailed
10 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 accounts shall be fret allotted
In accordance with that provision allot-
ments to all individual subscribers will
be made before any bonds viii be allot-
ted TO other than individuals All andi-
vidual subscriptions 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
If the total sum subscribed for in amounts
of $500 or less should exceed $500 000, 900. the
al!otments will be made according 20 the
priority of the receipt of the subscriptions.
"Allotments on subscriptions for over
$500 will not be made until after the sub !
scripuon closes, July Ia. and will then be !
made inversely according to the size of /
the subscription. the smallest subscription /
being first allotted. then the next in size.
and so on. preference being given 10 indi- /
viduai subscriptions. Persons subscribing
for more than $500 must send in cash or
certified checks TO the amount of per
cent of the sum subscribed for. such de-
post to constitute a partial payment, and 4
to be forfeited to the United States in the .
event OF failure on he subscribers part /
TO make full payment for his subscription,
according to the terms of the circular.
Allotments TO subscribers for more than
$500 will be made as soon as possible after
the subscription closes.
IN order to avoid too rapid absorp-
ton OF funds into the treasury. with a
possible consequent evil effect on Industry
and commerce. any subscriber for more
than $500 vii be permitted to take his
allotment OF bonds in instauments Of %
per cent. taking the first installment
within ten days after the notice Of tbe
allotment and the balance a. four equal
Of forty days each. in four in
stallments each OF D per cent Of the bonds
allotted Delivery OF bonds Will be made
n instalments as payment for them IS
received. and payment must in all cases
be made in full as the bonds are taken
The per cent deposit VIII apply on -ba
inal ins,allment Any subscriber NAV
pay for The whole amount allotted him
within ten days from the date of the no.
ice Of his allotment. Interest viii be ad-
usted from the time OF actual payment
when valid IN one sum or in installments
Is ~ ltted. Separate subscriptions from
'ne ~ liy1dual although made from time
o time. viii be aggregated and considered
IS one subscription.
The secretary Of the treasury viii re-
,eive IN payment for the bonds pos,ofice
money orders payable at Washington. p.
D. and checks. bank drafts and express
money orders collect table in the cities 81
New York, Boston. Philadelphia. Ral,i-
nore Washington. Cincinnati. Chicago
& Louis. New Orleans and san Fran
asco- All money orders and bank drafts
must be drawn in favor OF the treasurer
4 the United States. The money orders
md bank checks so received VIII De for
yarded for collection by the department.
md as returns are obtained. the s,lbscri-
'er vii he credited with the amount Of
lis subscription as OF the date OF coIlsc- J
ION The secretary VIII also receive in {
'ay nent Tor The bonds certificates OF de-
'osit issued by the assistant treasurers
Z the United States IN the above cities. )