The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-17
How the War Loan IS to be Dis
tributed Among tlielpeople
HOW YOU CAN SUBSTITUTION / THEN

AND HOW YOU CAN SUISSE IBE
FOR THEM
The government bonds Sot the war
lean authorized By Congress, as is al
ready known, are to be offered to the
people first in denominations small
enough 10 enable the humblest citizen
who desires. to safely inyes, his savings
IN nOn.taxable securities, backed by
the United States government. to do
60, ,Jy Il.
The treasury will offer the first issue
0. two hundred millions, OK dollars d.
rect to the people,'and you can invest
coy amount from twenty dollars up. In
order that the public may be Informed
o. the nature. characteristics, and in.
sIIents OF government loan, Score.
tGiy Gage has given out the following
simple explanations:
United States bonds are recognized as
the most secure and stable form OF OBJ
lga.lon that investors can hold. They
are attractive. not only because OF the
absolute security offered, but because.
there Is al all times a public market for
them on which holders can quickly sell;
end they also offer the most desirable 1
form OF collateral IL the holder wishes TO
secure q temporary loan. The fact that
United States bonds are not subject to
taxes OF any character-Federal, state,
or nunicipal-is a valuable feat ure OF
,hat form OF investment. United States
bonds are issued In both coupon and
registered form.
Coupon Bonds.
4 coupon bond is payable TO the bear
er. 1t may be bought and sold with
cut formallty as freely as any kind Of
.Nperty and without Endorsements OF
snr kind. Owing to the freedom OF
transfer. coupon bonds are usually pre-
ierred by persons who expect to hold
them but n short time Their disad-
vantage for the person who wishes to
make permanent investment lies In
the danger that they might be lost or
tiolen. in which case the loss 10 the
owner would be as complete as would
e T.
bonds take their name from the method
BY which interest is collected by the
holder. 81
Printed on the same sheet with the.
bond Is a series OF coupons or small
certificates OF interest due, which are so
designed that one is cut OF at each In
terest period. Each coupon bears the
number Of the bond and shows the date
0! the coupons maturity.tIaThe holder
Of coupon bond, at each interest per-
!ol. detaches the coupon due. that day
and collects It. The coupons are pay
able at any sub-treasury, and may be
collected through any bank. and will
Usually be accepted by. any merchant
having a bank account with whom the
holder Of the bond has dealings. The
holder OF n coupon bond may at any!
time have 1t converted into q registered
tond free OF charge.
Rcgistered Bonh..
a registered bond is payable to the
order OF the owner, and can only be
transferred by being properly Endorsed
aad assigned by the owner. Such as
s!gnmentsis made by the owner filling
In the blank form on the back OF the
toad, and must be witnessed by some
officer authorized by the regulations OF
the treasury department to witness as,
t!snments., The owner of the registered
bond who wishes to part with II writes
his name on rthe back Of the bond in
the presence OF the officer; then the
Witnessing officer writes his name In Its
proper place and aftiIes an impression
Of his official seal.
The officers who are authorized to
witness assignments are a United
States Judge, United States district at
torney. clerk of q United States court.
collector OF customs. collector or assess
OF OF Internal revenue, United States
treasurer or, assistant treasurer. or the
PRESIDENT or cashier of a national band,
q II In foreign country. United
States minister or consul. In cases
where there Is no officer within a rea-
saHable distance. or when, through sick.
s hess. or for some other good reason,
The owner OF registered bonds can not
90 before one OF these officers. the
treasury department will designate
some person near the owner. to act as
Witness.
When the owner o. registered bond
e.af'oses OF II and has properly assigned
j u. he delivers It to the new owner, who
should at once forward 1t to the register
OF the treasury for transfer on the
Books OF the department The register.
cancels the bond SO forwarded and is
sues new bond In the name OF the new
owner. and sends It to him by register
ed mail. The department makes no
elarSe for transferring bonds.
II the owner OF a registered bond
loses Il, or u 1t Is stolen from him. he
saould at once notify the secretary OF
: the treasury. Astoppage wlllrbe enter
81 against the bond, and. IL It should be.
presented for transfer, the department.
WI hold possession OF the bond until
,le ownership is clearly established. II
4 lost or stolen bond Is not recovered
~ithin six months. the department will
I'sue duplicate bond upon proof OF
loss and a bond Of indemnity being
furnished. al} z E5l55'
The interestPon registered bonds Is
Lalu og the government. by means Of
+ aecHs. In order that no mistake may
,e made In the payment Of interest. the
LOOKS OF the department ore CLOSED"
~. period, varying according to the
Importance OF the loan. The books OF
,ne four per cent loan OF 1907 are closed.
-. the whole month preceding the pay.
,neht OF quarters Interest. On other;
pans the books are closed for fifteen
rnays preceding the interest payment.
ou.!ng this pcrlo9 no transfers are,m1de.
SnG the time Is devoted to preparing
sschedules"whlch contain the names OF
vac owners, the. amount OF bondsleach
Sne holds, and the amount OF Interest
sus each one. When these schedules
aa'e been prepared and proved. they
s sent to the treasurer OF the United
s.a'es, who Immediately has checks
~ na envelopes addressed. and In due
Gne each check Is mailed to the adj.
uEess OF Its oHner. The checks for the