The age-herald., 1898-07-26
MAGNITUDE OF
 THE BOND ISSUE Vast Amount of Work in Mak- ing the Allotments. SOME OF THE MANY DE TAILS Which Have to Be Gone Through With Before the Subscribers Will Receive Their
 Gonds Will Receive Them
 in Due Tima.
OF THE MANY DETAILS

Washington July 25-The following state ment concerning the new bond issue was made at the treasury department today:
 ''The first shipment of the new war bonds were made today They consisted of 1000 each. The public mind is poorly prepared to comprehend the enormous labor and multitudinous details connected with this great popular loan. In the first place., af ter the rejection and return of thousands of subscriptions to which no allotment could be made, there remain about 300 900 persons to whom bonds will be allotted and forwarded in due course by expresss It is not a questio. only of 3O0.O0O names. The nap,c,- fhciuding state. county, town and street number of subscribers, must be tram scribed and rewritten In various ways at
 least ten times This is equivalent to en- tering once. thus fully extended, three mili lion or more names. au .iS
 The Clerican Work
 This mere clerical work is. however. but a part of the problem-the collection of cnecks and oGafts received as payment for bonds, the compilation of interest prep aration of checks in settlement for same, the engraving and printing of ten kinds or denominations of bonds the accurate disposition of these in envelopes properly addressed, all these are a part of problem that must be soived without error or 5amis7 sion. One simple fact will impress the mind with the magnitude of the operation. Express envelope must be sealed with three seals which means that 300 900 seals in wax must be imprinted to outgoing bonds.
 Another important feature Is the lini- tatien in the ability of the express agency to receive, forward and deliver the bonds after they are committed to their care for this purpose This limitation is estima ted by the express company at 5000 items per day. Possibly, if this limitation of ability did not exist-it is a natural prudent limit, since average of only $500 on each envelope the express company would re- ceive 6dueiary agents $2,5 GOO of the securities per day, and if it required an average of three days to make deliveries there would be a. continuous trust of $7,- 800, ,000-as large an amount, perhaps, as the
 responsibility of the express company
 would justify.
 All in Due Time
 ''The facts thus cited go to show that while subscribers in the sum of s4500 or less may rest assured that the bonds will
 come to them all in due time, they must 1 patiently wait the operation of the govern | ment machinery. It is understood that de- | liveries on the subscriptions of $500 and | less for which the money has been all re- l ceived will be made before the larger sub- scriptfons are attended to. Of these small subscriptions, there are 239 900 in number, and it is estimated that forty days will be
 required for their delivery. From this it will appear that subscribers in amounts larger than $500 will not begin to receive their allotments before September l. "In the meantime, the larger subscribers
 will be officially notified by the treasury aVmpntS in addition to the per cent. deposit will be required. and before remitting funds they are requested to await such notice. Much confusion will thereby be avoided"