Owingsville outlook. [volume] (Owingsville, Ky.) 1879-192?, 1898-06-23

tended to give, in as brief a manner
as possible, a description of the Reg
istered and Coupon Bonds OF the
United States, and how to subscribe
for them.
Respectfully yours,
l.. j. GAGE, Secretary.
UNITED STATES BONDS.
United States bonds are recognized
as the most secure and stable form
of obligation that investors can hold.
They are attractive, not only because
of 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
If the owner wishes to secure a tenn
porary loan. The fact that United
States bonds are not subject to taxes
of any character-Federal, State, or
municipal-is a valuable feature of
that form of investment. United
States bonds are issued in both cou-
pom and registered form.
COUPON BONDS.
A coupon bond is payable to the
bearer. 1t may be bought and sold
without formality rs freely as any
kind of property and without in
dOrsements of any kind. Owing to
the freedom of transfer, coupon bonds
are usually preferred by persons who
expect to hold them but short time.
Their disadvantage for the person
who wishes to make a permanent in
|vcstment lies in the danger that they
might be lost or stolen. iu which case
the loss to the owner would be as
cotap}ete-as wenld be the loss of a
''s-Ex note. The coupon bonds take
their name from the method by
which interest is collected by the
holder.
Printed on the same sheet with the
bond is series Of coupons or small
certificates of interest due, which are
So "coiShCu thdt ouc Is CUT Ou at
each interest period. Each coupon
bears the number of the bond and
shows the date Of the coupons ma
turity. The holder of a coupon bond,
at each interest period, detaches the
coupon due that day and collects it.
The coupons are payable at any Sub
Treasury. and may be collected
through any bank, and will usually
be accepted by any merchant having
bank account, with whom the
holder Of the bond has dealings. The
holder Of coupon bond may at any
time have II converted into q regis
tered 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 in
dOrsed and assigned by the owner.
Such assignment is made by the
owner filling in the blank form on
the back Of the bond, and must be
witnessed by some officer authorized
by the regulations Of the Treasury
Department to witness assignments.
The owner of the registered bond
who wishes to part with it writes his
name on the back of the bond i'm the
presence of the officer; then the wit
Messing officer writes his name in its
proper place and affixes an impress
sion of his official seal.
The officers who are authorized to
witness assignments are a United
States judge, United States district
attorney, clerk of a United States
court, collector of customs, collector
or assessor of internal revenue,
United States Treasurer or Assist
ant Treasurer, or the president or
cashier of national bank, or IL in
foreign country, a 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 registered bonds can not go
before one of these officers, the
Treasury Department will designate
some person near the owner to act as
witness.
When the owner of a registered
bond disposes of 1t and has properly
assigned it, he delivers 1t to the new
owner, who should at once forward
it to the Register of the Treasury for
transfer on the books of the Depart
ment. The Register cancels the bond
so forwarded and issues a new bond
in the name of the new owner, and
sends it to him by registered mail.
The Department makes no charge for
transferring bonds.
If the owner Of q registered bond
loses it, or il 1t is stolen from him, he
should at once notify the Secretary
of the Treasury. A stoppage will be
entered against the bond, and IL IL
should be presented for transfer, the
Department will hold possession OF