The times. [volume] (Richmond, Va.) 1890-1903, 1898-07-20
TURNING OUT
THE WAR BONDS
Classifying the Applications is a Very
Complicated Task
MANY TREASURY EMPLOYEES
Are Mt Work on the Loan-Routin
Through Which Each Application
Goes-Thcy are All Assorted aud
Indexed by States.


ties by machine. as 10 were, "a very m
teresting spectacle. One may watch IT'S
progress in the War Loan Oh.e Wnlcn
has just been established III me foat
Qiilce Building OF Fennay ,N"'iit df euue'
Here. IN several great rooms Adatlly I'M
proyised. the building being as yst IN
complete and otherwise uhol lpleu,
large force of clerks Is az Moih. Inc
Treasury has been ODiged Z" hire %
extra persons 90 attend % tu9 business
details OF The loan, anu every. eHoft la
being made 10 place the DoHu7 ln the
hands of subscribers al the EARLIEST date
one OF the rooms Is occupied py ABOUT
nifty men and women who 90 nothing Dul
open letters and ascertain IN OIL cufs0iy
way the nature of their contents. lnlS
is no small task. inasmuch aa ile num-
Der Of applications received ny hltu udlly
from WOuld-bc suDscriocIs 10 me wax
loan runs from 10000 90 -oNr1 Neary
all of the letters contain chelhs repre-
Scnting I'm eacn case me Iate value or
tine bond desired. The opener ln every
case compares the amount 81 me check
with the value Oh the bond slated lu me
accompanying Application D'ank. Oh
course they must agree. or tHt dppilcI
tiol VIII De thrown out ana lIr chtcA
returned to the sender. II 10 ems 90 Dee
AN right. the check-lt may Dee draft,
a money order. or occasionally even cur
rency--is pinned 90 the app.l aiion ana
the Two hae put aside. 90 tA- TOP OF
pile OF Others Ike luem.
HANDLING THE BLANKS.
Messengers pick up the application
blanks and checks thus prepared, ana
sweep them. nfty or a hundred at time.
into shallow baskets. From .h- nlskets
they dump them 1pOn Cd Ions able BOO
an adjoining room. at Hulru all zen
extremely busy men. Each ..ank, Win
It's pinned check. must pass thiIlgh inc
hands OF every one Of the ten. each or
whom BIS responsible Tor .nr correctness
Of one or Two little p0id5 NOS looking
out FOR anything Else. FOR lnsiauct. one
clerk does nothing uut make sure tndt
the signature ana address on each aD-
pliCati0n are clear and lcgibie. another
lnspects the fOrm Of the CHECK p draft,
% be certain that H. = not detective
in any WAY.
Nearly all OF the bids come On on tho
application blanks which are furnished
by the Treasury for the convenience OF
the public. This is not essen .lal, now
ever and subscriptions offered ON any
clear and proper way are accepted. Al
ter the papers have undefgone ihe tcru-
tiny 81 the half score OF judges referred
20. they are handed over lo young Wl-
men. who number them with me stamps.
I'm this way each application blank fe-
ceives IT'S number and he same NUMBER
D. put upon tho accompanying cnech.
This number follows the bid 1I the way
through the official processes. and even
tually will be found upon the luhd ilseiI'
Another room, occupied Dy more IMAM
100 women and men. Is devo ed 10 va
rious kinds Of clerical work ln connec-
ton with the loan. Part OF ms consls 5
in the making out OF lists. eacn OF when
contains 100 names Of SUBSCRIBERS win
their addresses and IN each case me
amount OF the bond and its character.
whether registered or coupon U.s. noiea'
other employees 70 over intsr i..'s ,st 10
ing one name at a time and cOmpa rms
the list record With the original appil a.
ton 10 which the check stu remains pm
ned Eventually the applications are MI
ed i'm me War Loan O1lce. and the lists
and checks are sent over 10 the treasury
Department. .f.
SMALL SUBSCRIPTIONS.
The room lust described IS devoted eX-
ciusivelv 90 the business of considering
Subscriptions OF $500 and under; an me
bids exceeding 500 60 20 en0lheF Iooit
passing through similar processes. All
applications from banks and other COZ
porati0ns are put aside and are not u 20
considered az all until the private tu
scriptions have been filled. it mere -
aad al tney want OF he bonds, ihtn no
bankers and corporations may get a
slice The present appearances are lh"t
the rich men Will not obtain any on INC
loan. The rule above ot-t lDeu Spl,.ai,,,'
even % business firms, and Jones a Jen-
kins bootmakers. Will De thCWn on; as
quickly as tae Standard oil Company.
This Is tho iirst real popular loan eF-r
issued by the Government iiliheftoi on
every occasion Wncu Uncle sam mas hdd
ponds 10 sell. aca-- all of them have
been secured Dy banks ana capitalists.
There was "a sO-cdiitd popular Joan ~
1874 out - which 80 people mana %eu
10 GET a5-1t T. per coat, uutuclti con-
Germs secured - per cent? and the rest
like Russell Sage. who himself acquired
was taken hy individual. mouey-hOldcr
$4,000 worth. IL Is an ola story. an
1879 the Treasury Issued f.VpV'Upv cei III
ga d. NafH MI.
terest, with the requirement lnat not
more than a certain amount should ue
sold 20 any one person. sud-. ilplon o.
fees were opened an over tne couutiy :
men 10 buy the Emit each gent GONG 10
the tail OF the line as soon ae nus yul
chase was made. and so ,'pedu ns again
ana again. II Is believed mat INC pres
ent loan has been hedBcI win auch re-
strictions that the most cunning man
cannot get around them. li tntre were
enough bidders fOr so sI.l 10 take up
the whole loan, they WuAa seI u az ];
and nobody who aapP.l,o -,. r siV W." W.
receive a bond. II mere were d. sun,
cient number Of subscribe tach lor So
and under 10 take IL all. iley would ne
permitted 10 absorb the vs. oie- thl7 ar
rangement is 20 be carried Hshl thIoubh.
and Major Meiine, As. 'hl .eds ", r..
OF the United States. said yesterday ina
IL was "A mistake FOR any ny 20 nld loI
more than 500. because n| "1ins 70 ne
would probably be thrown .Il ail2se lhri
In other words subscript lions on 500 ana
under are likely 10 absorb tne eHtIe
loan. so that there will .e nothing letI
Tor The bidders Of larger amounts
MUCH EXTRA WORK.
The management 81 ibis matter IN
wolves gOOA deal Of extra WON az nc
War Loan OmiCe. a HtUr up ''Iolliol an
dunn Is mace 40 rem ~iru- 'aSA "PPilCa
ton. being marked simply WIN we mum [,
ber OF the application ana lAy 1lioIu. ol
the Did The SIPS are printed Dy
young woman who sis tl 'ypeWIl'e.
through which passes narto" eAoelS OF
paper hundreds or ieet IH iNHs ~. ~,
this sheet she transcrlDes -iw "..I.o , ~
amount OF each appAcaI'I| e-Ftle "
each bid a separate Inc. many tne
sheet Is clipped with scissors INTO Sizes
eacn oil which Is one ol , - s..pS ~
scriDed. The slips thu9 P,Sp1, 80 80
: then distributed amole ~ "a P~0.e
| board boxes. All Of ne 80 pics 90 70
getber in-o one boy. al of the $50 BIDS
INTO another JOX ana 80 Oh W INTO '"e
| thousands OF dollars. ,..-,s ,ro A.ci,r
Now. when the subscriptions are ~, usO ,e I, :
"a .os,1 me rgX containing the SO blcs
| will be emptled nrSt. h7.'rs ,'s - -
~ ayav Next me UOx OF so ulus VIII ne
| taken, and 80 on up until dhe 'osai $;oo.
! OCJOOJ Il made ID. fVs'''s - $3.50.
box will be reached anu t -
~. rsoutsr-- ,otat IS obtained. Nobody
can tell ABOUT this. hot even WIG ol44ll- :
| themselves. Macy MelIl.- M -,
based upon q guess me- - ,-t,,te, az" t
b5a,, v,5o fnrdiate- subscription htu
! -. I'm IN lust the same. Tor the
- yeferan IN the treasury, ana
| wbat ne dors not kuO" 80 'o'~42 -
! hardly worth knowing. luT Is, ,ists ShoH
! WHAT ne does not kho II. bsvs suhscrib'
| "a o. Saio OGO $50. and such sums 80
AS 10 De under ~ Sl.u~V ia ,,so, e,
/ 10 cnmpiete the syfiem q ~ Ilueh Il