The Delta independent., 1898-06-24
The War Loan.
Treasury Department. Office OF the
Secretary. Washington d. c., June
l3 1893.

treasury Department, office OF the
Secretary. Washington d. c., june
l3, 1898.
The secretary OF the treasury invites
subscriptions from the people Of the
United States for s2OO,0OO.OOO Of the
bonds OF the 3 per cent loan authorized
by the act OF congress to provide ways
and means to meet war expenditures.
Subscriptions will be received at par for
. period OF 32 days. the subscription
being open from this date to 3 o'clock p.
N. on the l4th day OF July. 1898. The
bonds will be issued in both coupon and
registered form. the coupon bonds in
determinations Of SO, 800, $500 and
5000, and the registered bonds in de-
nominations Of s2o, sl0o. $500 $1,000,
$500 and $4,000. They will be dated
August |, 1898. 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
abIe August 3, 1918.
The bonds will 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
TO be detached from the bonds as the
interest becomes due, and the interest
on the registered bonds will be paid by
checks drawn to the order OF the payee,
and mailed to their addresses.
The law authorizing this issue Of
bonds provides that in allotting said
bonds the several subscriptions OF in
dividuals shall be first accepted and the
subscriptions OF the lowest amounts shall
b first allotted. In accordance with that
provision allotments TO all individual
Subscribers will be made before any
bonds will be allotted TO other than in
dividuals. All individual subscriptions
for e5oo or less will be allotted in full as
they are received. and such subscriptions
must be paid in full at the time the sub
scsiption is made. II the total sum sub
scsibed for in amounts OF $500 or less
should exceed eooo. 600 900 the allotments
vill be made according TO the priority OF
The receipt OF the subscriptions.
Allotments on subscriptions for over
- yGlknas - oabs s.sn leasss ~
su6 6cription closee. July l4th. and win
be made iuverse!y according to the eize
OF the Subscription, the smallest subscrip-
iiou being first allotted, then the next in
size and 90 on. preference being given to
individual subscriptions. Persons sub
scribing TOR more than $500 must send
in cash or certified checks TO the amount
OF per cent OF the sum subscribed for,
such deposit TO constitute a partial pay.
meut. and to be forfeited to the United
States in the event OF failure on the
Subscribers part TO make full payment
Tor his subscription. according TO the
terms OF the circular. Allo:meuis &c
subscribers for more than $500 will be
made ~ soon as possible after the sub
scriptiou closcs.
In order to avoid too rapid sbsorp.
tion Of funds into the treasury. with a
possible consequent evil effect on indus
tr, and commerce, any subscriber for
more than s5co will be permitted TO take
bis allotment OF bonds in lnstlments o!
70 per cent. taking the first :nstalmen,
within l0days after the notice Of the allot
ment. and the balance at four equal in
tervals Of 40 days each, in four install
ments each Of % per cent Of the bonds
allotted. Delivery OF bonds will be mao Z
:.