Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1898-06-23
CAGES BONDCALL
The People are Asked to Subscribe
for a War Loan.
The Amount Required is S2OO,OOO,OO0 and
Investors of Small Amounts Are to
be Given Precedence on the Sub
scription Books-The Terms
of the Loan.

Washington, June 14.-Immediately
upon receipt of information from the
White House that the war revenue bill
had been signed by the president, Sec
retary Gage yesterday issued circular
explaining the proposed bond issue
which is in part as follows:
1.-The secretary of the treasury in
vites subscriptions from the people of
the United States for $200,000,000 of
the bonds of the 3 per cent. loan au-
thoriZed by the act of congress APP
proved June 13, 1898. Subscriptions
will be received at par for 32 days,
the subscription being open from this
date to p. m. on July IA, 1898. The
bonds will be issued in both coupon
and registered form, the coupon bonds
in denominations of $50, 500, $500
and 81 900, and the registered bonds
in denominations of $40, 500, $500,
900, $4,000 and 10000. They will
be dated August 1, 1898, and Will be
redeemable in coin at the pleasure of
the United States after ten years from
the date of their issue, and due and
payable August /, 1918.
"The bonds will bear interest at the
rate of per cent. per annum, paya BILE
quarterly. The interest on the coupon
DOlluS VIII bc paul ny VI Noh-
pons, to be detached from the bonds
as 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 adj
dresses.
"The law authorizing this issue of
bonds provides that in alloting said
bonds the several subscriptions of in
dividuals shall be first accepted, and
the subscriptions of the lowest
amounts shall be first allotted.
"All individual subscriptions for
$500 or less will he allotted in full
as they are received, and such sub
scriptions 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 $780,
100000 the allotments will be made
according to the priority of the re-
ceipt of the subscriptions. Allotments
on subscriptions for over $500 will
not be made until after the subscrip-
tion closes, July IA, and will then be
made inversely according to the size
of the subscriptions, the smallest sub
scription being first allotted, then the
next in size next, and so on, prefer
ence being given to individual sub
scriptions.
'In order to avoid too rapid alb
sorption of funds into the treasury
with possible consequent evil effect
on industry and commerce, any sub
scrber for more than $500 will be pr
mitted to take his allotment of bonds
in installments of 20 per cent, taking
the first installment within. ten days
after the notice of the allotment, and
the balance at four equal intervals of
40 days each in four installments
each of 20 per cent. of the bonds al
lotted.
"The secretary of the treasury will
receive in payment for the bonds post
Office money orders payable at Wash
ington, ID. c., and checks, bank drafts,
and express money orders collectible
in the cities of New York, Boston,
Philadelphia, Baltimore, Washington,
Cincinnati. Chicago, ST. Louis, New
Orleans and San Francisco. All money
orders or bank drafts must be drawn
in favor of the treasurer of the United
States"