Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-06-23

~''A'NNNA va SVhouh ~ Oubto WueI6
there is no officer Within reasonable
distance, or when, through sickness or
for some other good reason, the owner
of registered bonds can not @ before
one OF these oflicers, the Treasury De-
partment will designate some person
near the owner to act as witness.
When the owner Of a regi stored
bond disposss Of it and has properly
assigned II, be delivers it to the new
owner, who should at once forward it
to the Register Of the Treasury for
transfer on the books Of the Depart
ment The Register cancels the bond
so forwarded and issues a new bend
in the name Of the new owner, and
sends it to him by registered mail.
The Department makes no charge for
transferring bonds,
II the owner of a registered bond
loses 1t, or it 1t is stolen from hun, he
should at once notify the Secretary of
the Treasury. A stoppage will be en-
tered agasnst the bond, and, il it
should be presented for transfer, the
Department will hold possession Of
the bond until the ownership is clear
Iy established. If q lost or stolen
bond is not recovered within six
months, the Department will issue a
duplicate bond upon proof ofloss and
bond of indemnity being furnished.
The interest on regeristered bonds
is paid by Che Government by means
OF checks, In order that no mistake
may be made in the payment of in.
terest, the books Of the Department
are CLOSED" for a period, varying ac-
Cording to the Importance Of the losr,
The books of the 4 per cent loan Of
1907 ars closed for the whole month
preceding the payment Of a quarters
interest. On other loans the books
are closed for fifteen days preceding
the interest payment, During this
period no transfers are made, and the
time is devoted to preparing "sChed-
ules" which contain the names Of the
owners, the amount of bonds each one
holds, and the amount Of interest due
each one. When these schedules
have been prepared and proved, they
are sent to the Treasurer of the Uni
ted States, who Immediately has
checks and envelopes addressed, and
in due time each check is mailed 10
the address of its owner. The checks
for the more distant points are mail
ed first. Interest checks are obligat-
ions Of the United States, and, Of
course, are good everywhere.
Coupon bonds are issued in denom-
nations of 500, $l0O, $500, and $1,000
Registered bonds are issued in de-
nominations Of $40, 500, $500, $1,000
$4,000, and $4,000,
HOW TO SUBSCRIBE FOR THE NEW BONDS.
The war loan which is now being
offered will be sold to subscribers at
par during the period of subscription
which ends July IA, 1898, The meth
cd Of subscription has been made as
simple as possible. Blank forms may
be obtained at every money-order
post-office, and at most Of the banks
and express Offices and on these forms
is clearly indicated all that is neces-
sayy for the subscriber to fill out. The
subscriber may himself mail to the
treasury department at Washington
the blank form filled out, together
with his remittance covering the par
value of the amount Of bonds for
which he wishes to subscribe. The
remittance may be in whatever form
best suits the subscribers convenience
In currency, bank draft, check, post
office money order, or express money
order The day the currency is re-
ceived, or the day the proceeds are
received from checks, drafts, or mon
ey orders, the subscription will be
entered and will Immediately begin
drawing interest When the bonds
are delivered, a check will accomps-
ny each delivery covering the inter-
est at 8 per cent from the day the
subscription is entered to the let Of
August, the date of the bonds, and
from which date the bonds will carry
their own interest.
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