New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-14
WAR REVENUE BILL SIGNED.
SECRETARY GAGE EXPLAINS THE NEW
BOND ISSUE.


BOND ISSUE
WASHINGTON June t3.-The War Revenue Dill
became n law by the signature of President
Mckinley at 500 o'clock this afternoon I'M
medIately on receipt Of Information that the
hin had been signed, Secretary Gage issued the
following circular explaining the proposed poho
issue
Treasury Department, ONCE OF the Secretary
Washington, D. c.. June H. ls'S,
The Secretary OF the Treasury lnvtes SUI
scrip.ons from the people r o. t IN the per cent
loan authorized by the act OF Congress app.o'et
June b. 1898 Subscriptions VIII pe rectnep ~
par for period Of snrty,,w0c dns To- O'Clock
D. M on the 14th day Of July. lS9e. Inc oo,'us
will be issued in both coupon ana resis :" tSO
form, the coupon bonds in denominatons Oh n "a.
500 $500 and 81 900. and the registered no nsn
ina IN observation-disclosures ny Of $50 800. $500 81 600:
$1,000 and $4,000. They will be dateu Ausu ,,e
l. 1893 and by their terms will BE- redeemane
in coin at the pleasure OF the United s'a,e S
after ten years from the date OF their ISSUE anu
due and payable August l. 1913. -, .
The bonds will bear interest at the rave ~ !"
nor cent per annum payable quarterly, ths ~, IL
terc.t ON the coupon bonds Will be pelo Sy
means OF coupons. to be detacneo l,o', f..
bonds as the interest becomes DUE anu st mv
terest on the registered bonds Will be paIo ps
checns drawn to the order OF the payees ana
mailed to their addresses
METHOD OF ALLoTMENTs.
Tho law authorizing this issue OF bonds pro-
,,,des that IN allotting said bonds the several
cuhscrintions Of individuals shall be nrst accept
ed and the subscriptions Of the lowest an'ouh''
shall he first allotted. In accordance VII" 'na'
nrovis,on allotments to all individual sup'c''o-
ers will be made before any bonds VII, VIC
lotted to others than individuals Az Wo,,ed
nal subscriptions for 5000 or less VIII DE ao. ,u
in full as they are received. and sucn supsc,,p
lions must be paid in full at the time the su
scrintion is made II the total sum supscrao oed
for in amounts of $500 or less snouru .ds ac-
S2O0OOO,000. the allotments VIII ro ~. Of the
cordinc to the priority OF the receiP' Va WV
Ailotn,ents on subscriptions for over Soov wiz
NOT he made until after the subscription Saoa an
Ioi, and viii then be made nversely ac-
cordinr TO the size of the subscriptioh' IN.
smallest subscription being lrst ailot,eu' LII, s,n
given To individual subscriptions. Persons SUI
scrIb,ne for more than $500 must eena III c na.,
or certified checks to the amount Oh p., 80
OF the sum subscribed for. sucn depos,s. ,,.s -
St,tn,e martial payment and to be iorteited 10
the United States in the event OF Iailure Oh S i
subscribers part to make full paymen' ~ o,r'
subscription according TO the terms VI .ne ,han
cular Allotments to subscribers lot more .. ~
SH1s, viii he made as soon as possible after the
subscription closes ,o-,,,or NJ
In order to avoid too rapid absorption u
funds into the Treasury with possioie cohse
ouent evil effect on industry and commerce. uny
subscriber for more than SooO VIII ne pellh'eS r
10 take his allotment OF bonds In instaiments y,
% per cent taking the first instaimeh' VIM
ten days after the notice OF the allotment ana
the balance at four equal Intervals or Ior'y uas
each in four nstalmcnts. each OF ~ per EN- e ".
the bonds allotted Delivery OIL oonu' 49,, ia
made in instruments as payment ior mem 10
received and payment must In all cases DE mace
in full az the bonds are taken. Inc per cen.
deposit will apply on the ma, ,ns,a,,un on,
ted 10 him within ten days from the date OF tne
notice OF his allotment. Interest VIII De au!us'-
ed from the time OF the actual payment t,.ad
Separate subscriptions from one INDIVIDUAL al
though made from time to time. will be agsre-
gated and considered as one subscription.
HOW PAYMENTS MAY BE MADE
The Secretary Of the Treasury will receive IN
payment OF the bonds postofhce money-oroerS
payable at Washington, and checks. BANK dra1's
and express money orders collectible IN the
cite, Of New-York, Boston, Philadelphia. Bal
timore. Washington Cincinnati Chicago, st.
Iouis 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
ment and as soon as returns are obtained the
subscriber will be credited with the amount OK
his subscription as of the date OF COLLECTION
The Secretary will also receive In payment Tor
the bonds certificates Of deposit issued by the
Assistant Treasurers OF the United States in the
ahOye-DHmed
pos,t 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 Ma
tional bank notes, and the subscriber Will he
credited with the amount OF his subscription as
OF the date OF the certificate Of deposit. The
Secretary will also receive currency sent by
registered mall or by express direct to the
Treasury Department.
For the mutual convenience OF the subscribers
and the Department blank form OF letter TO
accompany remittances has been prepared. and
II may be obtained at the offices OF National ana
State banks generally. at the several Sub-Treas-
uries OF the United States. at any money-Order
postoflce and at any express Office.
The bonds will be dated August J. lS9S. and
they will be delivered to subscribers free OF ex-
pense for transportation as soon after that date
az possible The bonds will be accompanied by
a check for the amount OF interest due The sub
scriber from the date ~ his payment to August
l. 1898
All remittances and other communications
relative to this loan should be addressed to the
Secretary Of the Treasury. Division OF Loans
and Currency. Washington, d. c.
All subscriptions must be received at the
Treasury Department Washington, ID. c., not
later than ! o'clock. D. m. Thursday, July u.
1895 No subscriptions received after that date
and hour WILL be considered.
L. J. GAGE. Secretary.
,,yo MY, MIN, Ecu rn.N