The times. [volume] (Richmond, Va.) 1890-1903, 1898-06-14

sions are in effect to-day.
THE BOND ISSUE.
WASHINGTON. June 13-Immediately
upon the receipt of information from the
White House that the war revenue Dill
had been signed by the President Sec
rotary Cage to-day issued the following
circular explaining to the public the pro-
| posed bond issue:
Treasury Department.
Office OF the Secretary.
Washington, d. c.. June 10. 1855.
The Secretary OF the Treasury invites
subscription from the people or the
United states for $500 COZ. coo Of the bonds
OF the per cent loan authorized by the
| act Of Congress approved June 10. 1873.
Subscriptions will be received at par Tor
a perlod of thirty-fou- days. the sub
scription being open from this date 10
3 o'clock p. NJ. on the 18th day OF july
1875. The bonds will be Issued In both
coupon and registered form, the coupon
bonds In denominations OF so, 500. 500
and 81 900 and the registered bonds IN de-
nominations OF go. 800, $500 5000. 5000
and $1,000. They will be dated August
l. 1898. and, by their terms, VIII be re-
deemable In coin at the pleasure or the
United States after ten years from me
date Of their issue. and due and payable
August l. 1918.
OF : per cent per annum. payable quar-
terly: the interest on the coupon bonds
will be paid by means Of coupons. 10 be
detached from the bonds as the interest
becomes due, and the interest on the
registered bonds will DO paid by checks
drawn 10 the order Of the payee ana
mailed to their addresses.
ORDER OF ACCEPTANCE.
The law AUTHORIZING this issue OF bonds
provides that I'm allOtting said bonds the
several subscriptions Of individuals snail
be first accepted. and the subscriptions OF
the lowest amount shall be first allotted.
In accordance with that provision aHot-
msnts to all individual subscribers VIII
DO made before any bonds Will be al
lotted 10 other than individuals. All in
dividual subscriptions for $500 or less VIII
be allotted in full as they are received
and such subscriptions must be paid in
full at the time the subscription is made
III the total sum subscribed for in
amounts OF $500 or Tess should exceed
500 900 600. the auotments win be made ac-
cording 10 the priority OF the receipt or
the subscriptions.
Allottments on subscriptions Tor over
$500 will not be made until after the SUBJ
scription closes. July 18th, and will then
be made inversely according to the size
Of the subscription. the smallest subscrip-
ton being first allotted, then the next
in size next. and so on preference being
given 10 Individual subscriptions.
Persons subscribing for more than $50
must send in cash or certified checks TO
the amount Of per cent. Of the sum
subscribed for. such deposit TO constitute
a partial payment and 10 be forfeited
10 the Unlted States IN the event Of fan
ure on the subscribers part 10 mako fun
payment for his subscription. according
10 the terms Of the circular Allotimeats
10 subscribers for moro than 500 VII be
made as soon as possible after the SUD-
scription closes.
IN INSTAILIENTS.
In order 10 avoid a too rapid absorp-
ton Of funds into the treasury, with a
possible consequent evil effect on industry
and commerce any subscriber for more
than $500 will be permitted 20 take his
allotment Of bonds in installments OF -
oer cent. taking the first instaIlment
within ten DAYS after the notice OF the
allotment and the balance at four equal
intervals OF forty days each, In four IN
stallments each Of 20 per cent. OF the
bonds allotment delivery Of bonds are
taken. The 2 per cent. deposit will apply
on the final installment. Any suOscrlDer
NAV nay for the whole amount allotted
him within ten days from the date OF the
notice OF his allotment. Interest VIII De
adjusted from the time OF the actual
payment whether paid In one sum or IN
stallnent as permitted. As SUBSCRIPTIONS
from one individual although made from
time to time Will be aggregated ana coh'
sidered az one subscription.
HOW SUBSCRIPTIONS PAID.
The Secretary OF the Treasury Will re-
ID
money orders payable az Washington, ID.
9 ana checks. bank drafts, and express
money orders collectable In the cities or
New York Boston. Philadelphia, Balti-
more. washington. Cincinnati, chicago
a. Louis New Orleans and san Francis
90 An money orders and bank dratts
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
nv the Department, and as soon as 'e-
turns are obtained the subscriber Will be
credited with the amount Of his sub
scription as OF the date OF collection.
The Secretary will also receive In pay
ment for the bodns certificates OF de-
nosits issued By the assistant treasurers
of the United states In the aboVe-named
cities. These certificates Of deposit may
he ODLdlntu llblll any h'o''f"''N
i'm exchange for gold coin, gold cer.ih-
Gates. standard silver dollars, silver GER
tifcates. United States notes, Treasury
notes OF 1890 and national bank notes;
and the subscriber will be credited WITH
the amount OF his subscription as or me
date OF the certificate OF deposit. Inc
Secretary will also receive currency s4nt
by registered mail or by express direct
10 the Treasury Department.
FOR MUTUAL CONVENIENCE.
For the mutual convenience or the
subscribers and the Department a plank
form Of letter 20 accompany remittances
has been prepared, and IL may be OBJ
tanned at the offices OF national ana
state banks generally. at the several sub
treasures OF the United States, at any
money order postofice and at any ex-
press Office. ..
The bonds will be dated August 1, 1898,
and and they will be delivered 10 sub
scrlbers free OF expense for transporta-
ton as soon after the date as possible
The bonds will be accompanied by
check for the amount OF iraerest due
the subscriber from the date or It's pay
ment TO August 1. 1888. All remittances
and other communications relative 10
this loan should be addressed TO the
treasury division Of loans and currency.
Washington ID. c.
All subscriptions must be received nj
the Treasury Department, Washington
y. c.. not later than o'clock p. NJ
wednesday. July II. 1898. No subscrip-
lions received after that date and hour
will IA cyfr1 sfdaraJ