The San Francisco call., 1898-06-14
DEPARTMENT.
 Office of the Secretary

IL. c., soInt The Secretary of the Treasury invites sub United States for goo p Of the bonds ads act of Congress approved June i3 1898. Sub seriptons will be received at par for period of thirty-two days, the subscription being open from this date until clock D. m. on tha i4th gay ot July, 1898. The bonds will be issued i'm poln coupon and registered form the coupon slvoV anu the registered bonds in denominations or SZV. slC0, $5OO sl0GO s500J and sl00C0 They ter rsriNs VIII pc redeemable in coin at the pleas ufe or the United States after ten years year rom the date or their issue. lylo.. The bonds will bear interest at the rate ot W per cent per annum payable quarterly; the interest the coupon bonds viii be maid 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 chechs drawn to the order of the payees and mailed to their addresses
 The law authorizing the issue of these bonds provides that in allotting said bonds the sev- eral subscriptions of individuals shall be first accepted and the subscriptions of the lowest i amounts snail be first allotted. In accordance with that provision allotments to all individual subscribers will be made before any bonds will be allotted to other than individuals. All n- dlvidual subscriptions for $500 or less will be allotted in full as they are received and such subscriptions must be paid in full at the time the subscription is made. If the total sum subscribed for in amounts of $500 or less should exceed s200, ,000, 600 the allotments will be made according to the priority of the re-
 
 Allotments on subscriptions for over $500 will not be made until after the subscription closes, July H and will then be made inversely ac- cording to the size of the subscription the smallest subscription being first allotted, then the next in size, and so on, preference being given individual subscriptions. Persons sub scribng for more than $500 must send in cash or certified checks to the amount of per cent of the sum subscribed for, such deposit to feited to the United States In the event of failure on the subscribers part to make a full payment for his subscription. according to the terms of the circular. Allotments to subscrib- CTS for more than $500 will be made as soon as possible after the subscription closes.
 In order to avoid a too rapid absorption of funds into the treasury with possible con- sequent evil affect industry and commerce, any subscriber for more than $500 will be per mitted to take his allotment of bonds in in- stallments of per cent taking the first in- stallment within ten days after the notice of the allotment, and the balance at four equal intervals of forty days each in four Install ments each of 20 per cent of the bonds allotted. as payment for them Is received, and payment must in all cases be made in full the bonds are taken. The per cent deposit will apply In the final statement. Any subscriber may pay for the whole amount allotted him within ten days from the date of the notice of his allotment
 Interest will be adjusted from the time of the actual payment, whether paid in one sum on its installnlents as permitted; Separate made from time to time. will be aggregated and considered one subscription. The Secre- Of the Treasury will receive in payment for the bonds postoffice money orders payable at Washington, D. C., and checks. bank drafts and express money orders colectable in the cities or New York, Boston, Philadelphia, Bati- more Washington, Cincinnati, Chicago St. Louis New Orleans and San Francisco. All money orders and bank drafts must be drawn in favor of the treasurer of the United States. The money orders and bank checks so received will be forwarded for collection by the depart nent and as soon as returns obtained the subscriber will be credited with the amount of his subscription as of the date of collection
 The secretary will also receive in payment for the bonds certificates of deposit issued by the assistant treasurers of the United States in the above named cities. The certificates of de- posit may be obtained from any assistant treas urer in exchange for gold coin, gold certificates, standard silver dollars, silver certificates. United States notes. treasury notes of 1890 and national bank notes, and the subscriber will be credited with the amount of his subscription of the date of the certificate of deposit The Secretary will also receive currency sent by registered mail or express direct 10 the Ireas- ury Department.
 For the mutual convenience of the subscrib- and the department a blank form of letter to accompany reInittanceS has been prepared and 1t may be obtained at the offices of na- tional and State banks generally, at the sew eral sub-treasuries of the United States, at any money order postoffice and at any express office.
 The bonds will be dated August 1. 1898. and they will be delivered to subscribers free of eX- pense for transportation as soon after that date as possible The. bonds will be accom- panied by a check for the amount ot the inter est due the subscriber from the date of his payment to August l. 1S9S
 All remittances and other comnunicatlons relative to this loan should be addressed to the Secretary of the Treasury, Division Of Loans and Currency, Washington, D. c.
 Treasury Department, Washington, D. C., not later than 8 o'clock D. m. Wednesday, July IA, 1898. No subscriptions received after that date '-'-1 ''0N- l.. ]. GAGE. Secretary.