Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1898-07-01
ABOUT THE BONDS.


ABOUT THE BONDS.
4" HE war loan which Is now being
offered will be sold to subscribers
at par during the period Of subscrip-
ton. which ends July IA, 1893. The
method Of subscription has been made 10
simple as possible. Blank forms may be
obtained at every money order postofice,
and ut most of the banks and express
Offices, and on these forms is clearly indi-
Gated all that it il necessary for the SUBJ
scriber to fill out. The subscriber may
himself mail to the Treasury Department
ut Washington the blank form filed out,
together with his remittance covering the
par value Of the amount of bonds for
which he wishes to subscribe. That re-
mittance may be in whatever form best
suits the Subscribers c-onvenience-in cur
rency, bank draft, check, p~ostofice money
order, or express money order. The day
the currency is received, OF the day the
proceeds are received from the checks,
drafts or money orders, the subscription
will be entered and will Immediately be-
gin drawing interest. When the bonds
are delivered, a check will accompany
each delivery covering the interest at 3
per cent from the day the subscription Is
entered to the LIST of August, the date Of
the bonds, and from which date the bonds
will carry their own interest. Following
is q part of the circular issued by Secre-
tary Gage explaining the bond issue:
The Secretary Of the Treasury invites sub.
scrtpt'ons from the people Of the United
y per cent. loan authorized by the act OF
Congress approved June Is, 1898. Sub
scrtptions Will be received at par for a
period of thirty-four days. the subscription
on the l4tal day Of July, 1893. The bonds
Will be Issued in both coupon and registered
FORM: the coupon bonds in denominations Of
~. $ieo. $500 and $1,000. and the registered
$1,000. $1,000 aud $4,000. They will be
dated Aug. 1, 1888. and by their terms will
Oe redeeanablc i'll coin ut the pleasure OF the
United STATES after ten years from the date
is1s s.e' ''''e' "AN uus a"o pa'a0's aug -
The bonds will bear interest at the rate Of
3 per cent. per annum, payable quarterly.
the interest on the coupon bonds Will be paid
by mems of coupOis. to be attuched from
the bonds us the interest becomes due, and
the Interest 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
provides that in allotting said bonds the
several subscriptions Of individuals shall
he hrst accepted. and the subscriptions for
the lowest amounts shall be first allotted.
In accordance with that provision allot-
ments to all individual subscribers will be
made before any bonds will be allotted to
other than individuals. All individual SUBJ
scrlptlons for $500 or less will be allotted in
full as they are received, and such subscrip-
lions must be paid in full at the time tho
subscription is made. If the total sum sub.
scribed for in amounts of $500 or less should
exceed $2O0.OO0,O00 the allotments will be
made according to the priority Of the re-
ceipt OF the subscriptions.
Aliotments on subscriptions for over $500
will not be made until after the slbscrip-
tion closes. July II, and will then be made
inversely according to the size of the SUBJ
scriptton. the smallest subscription being
drst allotted, then the next in size next.
yldual subscriptions. Persons subscribing
for more than $500 must send In cash or
certified checks to the amount Of 9 per cent.
OF the sum subscribed for, such deposit to
fe!ted to the United States in the event Of
failure on the subscribers part to make
full payment for his subscription. according
to the terms of the circular. Allotments to
subscribers for moro 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 n possible
consequent evil effect on industry and com.
msyce, any subscriber FOR more than $500
Will be permitted to take his allotment Of
bonds in installments Of 20 per cent, taking
the first installment within ten days after
the notice OF tho allotment, and the balances
at four equal intervals Of forty days each
In four installments each Of 20 per cent, Of
the bonds allotted. Delivery Of bonds will
pc made In instal!ments as payment for them
Is received, and payment must in all cases
be made in full as the bonds are taken. Tie
2 per cent. deposit will apply ON the final
installment.
For the mutual convenience of the sub.
ecrtbers and the department a blank form Of
letter to accompany remittances has been
prepared and 1t may be obtained at the oficeo
OF national and State banks generally, at the
several subtreasuries Of the United States.
at any money order postotlce and at any
express office.
The bonds will be dated Aug. 1, 1903. and
they Will be delivered to subscribers free Of
expense for transportation as soon after that
date as possible. The bonds will be accom-.
panied by a check for the amount of inter.
est due the subscriber from the date of his
payment to Aug. 1, 1898.
All remittalices and other communications
relative to this loan should be addressed to
the Secretary Of the Treasury, division Of
loans and currency, Washington. ID. G.
All subscriptions must be received at the
Treasury Department, Washington, ID. C..
not later than 3 O'Clock y. H., Wednesday,.
July IA, 1893. No subscriptions received III.
ter thar date and hour will be considered.
L. ]. GAGE, Secretary.