Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-06-14

ing circular explaining to the public the
proposed bona issue:
Treasury Department. Office of the
Secretary, Washington, ID. G., June 13,
1898:
The secretary Of the treasury invites
subscription from the people of the
United States for $200, 900 600 Of the
bonds Of 3 per cent. loan authorized by
The act Of Congress approved June l..
1898. subscriptions viii be received
al par for a period Of 81 days, the sub
scription being open from this date to
) O'Clock +. NJ, on the 14th day of July,
1888. The bonds viii be issued in both
coupon bonds and registered form, the
coupon bonds in denominations Of $40,
800 $500 ana $1,000, and the registered
bonds in denominations of $40, S10o
$500 $l00o, $4,000 and $4,000 They Will
be dated August T. 1898, and by their
terms will be redeemablc in coin at the
pleasure of the United States after 10
years from date Of their issue ana due
and payable August i, 1918
The bonds viii bear interest at the
rate of per cent. per annum, payable
quarterly; the interest on the coupon
bonds will be paid by means Of coupons
10 be detached from the bonds as the
interest becomes due ana the interest
On the registered bonds viii he paid by
checks drawn to the order of the pay
eeS and mailed to their address.
The law authorizing this issue of
bonds provides that in alloting said
bonds. the several subscriptions OF in
dividuals shah be first accepted and
: ha t,hC -
amounts shall be first allotted. In ac-
cordance with that provision allot-
ments To all individual subscribers will
be made before any bonds will be al
lottcd to other than individuals.
All individual subscriptions for $500
or less will be allotted in fun as they
are received ana such subscriptions
must be paid in full at the time the
subscription Is made. If the total sum
subscribed fur in amounts of $500 or
less should exceed $500. 600. 900. the al
lotments viii hc made according to the
priority for the receipt OF the subscrp-
+ TONS
AlIotmpnts Oh subscriptions for over
$500 viii not he made until after the
/ subscription closes. ana viii then be
mad" inNersely according To the size Of
the subscription the smallest suhscrip-
tion being first allotted, then the next
in size next, and 50 on, preference be
! ing given to individual subscriptions.
/ Persons subscribing for more than $500
must send in cash on certified checks
to the amount of per cent. of the sum
subscribed for, such deposit to consti-
ttlte Il partial payment. and 70 be for
feitcd Ia the United states in the event
/ of failure on the subscribers part to
make fun payment Tor his subscrip-
1 tiunS according to the terms Of the cir
culars. Allotmonts To subscribers Tor
more than $500 viii he made ms soon as
| possible after the subscription closes.
/ in order To avoid a too rapid absorp-
| ton of funds into the treasury. with a
possible consequent evil effect on in
/ duStrY ana commerce, any subscriber
for more than $500 viii be permitted To
take his allotment of bonds in INSTALL
mcnts Of 20 per cent. taking the first
installmcnt within 10 days after the
notice of the allotment, and the bal
ancc at four equal intervals Of 40 days
each, in four instaIlments Of 20 per
cont. Of the bonds allotted
,,.ti..,,,,. t,,.,,1-. ,,.;u ~, ,,,1a j.,
l''ilN'IS " ''"illS VIA '0 maui 1T
instruments as payment fof those re
ceived and payment must in all eases
he made in full as the bonds are taken.
The > per cent. deposits Will apply on
he final installment. Any subscriber
may pay for the whole amount allotted
him within 10 days from the date of the
notice Of his allotment. Interest will
lao odiustad from the time of tho ac
~ 49,
tuai payment Nhethef iaid III one sum
or in inStallments as permitted.
Sanar.+a substrlntions from orc inai-
vf1upi although made from time to time
vii be atrercg;tted ana considered ms ono
suhscrintjon.
me secretarv Of tho treasury will re-
c.ivn in pavment for the bonds most office
money orders pavablr At washington. d
G and checks. bank drafts ana EXPRESS
money orders collcctabIr in the cities Of
Nv York DOston phila,oInlia Ralti-
more Washington. cinrinnaii Cbirago
ST I,ouis New Orleans and SAN Fran
cisco.