The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-06-24
THE WAR REVENUE BILL.
The Measure as Finally Enacted BY
Congress Receives the Pres
ident's Signature.
CIRCULAR ISSUED BY SECRETARY GAGE.
Subscriptions -Avited from the People to
the Two Hundred Million Dollar Three
Per Cent. Loan Small bids from Ind.
vidumIs to Receive First Consideration
In Making the Allotment of Bonds.


In Making the Allotment of Bonds.
WAsHINGToN, June l3-Immediately
upon receipt of information from the
White House that the war revenue bill
had been signed by the president, Sec
rotary Gage issued the following cir.
cular explaining to the public the pro-
posed bond issue:
TREASURY DEPARTMENT
OFFICE or THE SECRETARY,
WAsHIS.ToN ID. G., June H. 1898
The secretary OF the treasury invites sub
scriptlons from the people OF the United States
for $500 100000 OF the bonds OF the three
Der cent. loan authorized by the act
OF congress approved June i3. 1895. Sub
scriptions will be received at par for
period OF g. days the subscription being open
from this date to three O'Clock p. m on the isth
day OF July, 1898. The bonds will be issued In
both coupon and registered form, the coupon
bonds in denominations OF $50, slOl. 800 ana
o. 900 and the registered bonds in denomina-
tions OF 20 800, $500 81 900 1900 and &lO-ON
They will be dated August |. 1893. and by their
serms, will be rcdeemable In coin at the pleas
| ure OF the United States after ten years from
the date of their issue and due and payable Au'
! gust l. 1918
The bonds will bear interest at the rate Off
per cent. per annum, payable quarterly. the
| interest on the coupon bonds will be paid by
| means OF coupons, to be detached from the
bonds as the interest becomes due, and the in
terest 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 pro-
yides that In allotting bonds the several
subscriptions OF individuals shall be first ac-
cepted and the subscriptions OF the lowest
amounts shall be first allotted In accordance
with that provision allotments to all indlvid-
ual subscribers will be made before any bonds
will be allotted to other than individuals. All
Individual subscriptions for $500 or less VIII DO
allotted In full they are received and such
subscriptions must be paid In full at the time
che subscription Is made. IL the total sum SUD
scribed for in amounts of $500 or less should
exceed 5000 900 0v0. the allotments will be made
according to the priority Of the receipt OF tho
subscriptions.
Allotments on subscriptions for over $500 will
not be made until after the subscription closes
July Ia, and will then be made inversely, &C.
cording 70 the size OF the subscription the
smallest subscription being first allotted. then
the next in size, and on, preference bsina
given 10 Individual subscriptions Per-
sons subscribing for more than 900 must
send in cash or certified checks to the
r amount OF two per cent OF the sum
subscribed for, such deposit TO constitute
|, partial payment, and to be forfeited to the
United States in the event OF failure on the
: part OF the subscribers part TO make full pay
ment for his subscription. according 10 the
> terms OF the circular Allotments TO sub
: scribers for more than $500 will be made as soon
as possible after the subscription closes
In order to avoid too rapid absorption OF
: funds into the treasury. with n possible conse-
Quent evil effect on industry and commerce,
any subscriber for more than $500 Will be per-
> mltted to take his allotment OF bonds In IN
: staliments OF 20 per cent. taking the hrst In
L. stallmcnt within ten days after the notice Of
allotment. and the balance at four equal In
tervals OF 40 days each. In four install.
ments each OF 20 per cent OF the
bonds allotted. Delivery OF bonds will be mad<
n In instaments a. payment for them IS re-
" ceved. and payment must in all cases be MADE
in full as the bonds are taken The two PEI
cent deposit will apply on the final instalment
Any subscriber may pay for the whole amoun
w allotted him within ten days from I'M
date OF the notice OF his allotment In
terest will be adjusted from the time o
the actual payment. whether paid In one sun
)f or in installments as permitted. Separate SUD
scriptions from one individual, although mad
from time TO time, will be aggregated and CON
sidered as one subscription.
10 The secretary OF the treasury will receiv
In payment for tho bonds, post one
- money orders payable at Washington
ID. C., and checks, bank drafts an
express money orders collectabe In the cite
Of New York Boston. Philadelphia, Baltimore
washington, Cincinnati. Chicago, St Louis
New Orleans and SAN Francisco All none
orders and bank drafts must be drawn In favo
OF the treasurer OF the United states IN
lie money orders and bank checks so received WI
be forwarded for collection by the department
and as soon as returns are obtained the sub
AZ scriber will be credited with the amount OF hi
subscription as OF the date OF collection.
- The secretary will also receive in paymen
for the bonds certificates OF deposit issued .
the assistant treasurer OF the United states !
lie the aboye-namcd cities. These certificates (
deposit may " obtained from any assist
ant treasurer in exchange for gol
coin. gold certificates standard 81
YER dollars, silver certificates United State
notes, treasury notes of 1890. and national ban
~ notes and the subscriber will be credited VIII
the amount of his subscription as OF the da'
OF the certi fcate OF deposit The seorctaS
Wfll also receive currency sent by registers
an mail or express direct TO the treasury depar
~ ment. .
'as For the mutual convenience Of the subscrii
I'LL ers and the department blank form OF lett
err 70 accompany remittances has been prepare
.d and IL may be obtained at the onces OF natonl
and state banks generally. ut the several sal
W treasures OF the United States, at any mont
AK, order post ONCE and Mt any express ONCE
n The bonds will be dated August l. 1888, ~
:, !, they will be delivered TO subscribers free OF o
p pcnsc for transportation as soon after that az
me a. possible. The bonds Will be accompanied
Ire . check for the amount OF interest due the 81
mt scribcr from the date OF his payment TO Augu
not All remittances and other communication
fy relative to this loan should be Addressed TO u
nd secretary OF the treasury, division OF ioans III
currency, Washington. d. G.
eit' All subscriptions must be received ~ u
on treasury department, Washington, D. O. n
,ir- later than 3 d m. Wednesday, July H. iss
-. No subscriptions received af.er that date no.
on, L. J. GAGE Secretary.
'hy An important feature in floating u
live new loan is found in the fact that Sc
aid retarv Gage, for all subscriptions
'et- $500 and less, will begin the allotmel
will at once. This fact should be borne
!. $. mind by small investors.