Willmar tribune., 1898-06-21
THE BOND ISSUE.
Secretary Gage Issues a Circular In
vtting the People to Buy Mt
Par for Y. Days.

Washington, June 14.-Immediately
upon receipt of the information from
the white house that the war revenue
bill had been signed by the president,
Secretary Gage issued the following
circular explaining to the public the
proposed bond issue:
rea sury Department. once Of the
secretary. Washington. D. c., June l3 1898.
line secretary OF the treasury invites SUBJ
sc-lptionS from the people OF the United
States for s200.0o0.o00 of the bonds of the
three per cent. loan authorized by the act
OF congress approved June l3. 1885, SUBJ
scriptions viii! be received at par for a
per!oo OF 81 days. the subscription being
open from this date TO three O'Clock p. m.
on the l4th day of July. 1898. The bonds will
oe ISSUED in both coupon and registered
form. the coupon bonds in denominations of
$50. $loo. $500 and 81 1000. and the registered
BONDS IN denominations Of $50, 500, $500.
S1V0. $1,000 and Sl0.0 600. They will be dated
August l. 1898. and by their terms will be
reoeemable In coin al the pleasure of the
United States after ten years from the
late OF their issue and due and payable
August /, 1898
me bonds will bear interest al the rate
OF three per cent. per annum. paya BILE quar-
terry; the interest on the coupon bonds will
be paid by means of coupons, to be de-
tached from the bonds as the interes; be-
comes due. and the interest on the regis
tered bonds will be paid by checks drawn
to the order of the payees. and mailed 10
their addresses
The law authorizing this issue of bonds
provides that in allotting said bonds the
several subscriptions of individuals shall
be nrst accepted, and the subscriptions OF
the lowest amounts shall be first allotted.
In accordance with that provision allot-
ments to all individual subscribers VIII be
before ho oil
other than individuals. All individual SUBJ
scrlptlons for $500 or less will be allotted
!n full as they are received. and such SUBJ
scrfptions 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 $500. 900. 600. the allotments
Will be made according TO the priority Of
the receipts of the subscriptions.
IN order TO avoid TOO rapid absorption
Of funds into the treasury. with a possible
consequent evil effect on industry and COM
! merce. any subscriber for more than $500
will be permitted to take his allotment Of
bonds IN installments of 20 per cent. taking
the hrst installment within ten days after
, the notice of the allotment. and the balan 90
, at four equal intervals of 40 days each, in
| four lnstallments each Of 20 per cent Of
the bonds allotted. Delivery of bonds will
! be made In installments as payment for
| them is received. and payment must in all
| cases be made in full the bonds are
| -.
ply on the final installment. Any sub
| scr1ber may pay for the whole amount al
! lotted him within ten days from the date
OF the notice Of his allotment. Interest will
| be adjusted from the time Of the actual
! payment. whether paid in one sum or in in
stallmen,s as permitted. Separate sub
| scriptions from one individual. although
made from time to time, will be aggregated
and considered as one subscription.
| THE secretary of the treasury will re-
| oSxv1 to
! money orders payable at Washington. D.
c.. and checks, bank drafts. and express
| money orders collec,ibe in the cities of
| New York. Boston. Philadelphia, Baltf-
| more. Washington. Cincinnati. Chicago, St.
Louis 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 ba nix
| checks so received will be forwarded for
collection by the department. and as soon
| as returns are obtained the subscriber will
| be credited with the amount of his sub
! scription as Of the date Of collection. The
secretary will also receive In payment for
! the bonds certificates Of deposit issued by
the assistant treasurers of the United
States in the above-named cities. These
! certificates OF deposit may be obtained from
| any assistant treasurer in exchange for
| gold coin. gold certificates. standard silver
| dollars. silver certificates, United States
| notes. treasury notes of 1890. and national
| OaNk notes, AQQ lNe subscriber WILL De cred
| ited with the amount Of his subscription g
| of the date of the certificate Of deposit. The
secretary will also receive currency sent
by registered mail or by express direct 20
the treasury department.
For the mutual convenience Of the SUBJ
scribers and the department a blank form
| Of letter to accompany remittances has
| been prepared. and 1t may be obtained at
! the offices of national and state banks gen.
orally. at the several sub-treasuries Of the
| United States.
The bonds will be dated August l. 1898.
| and they will be delivered to subscribers
| free of expense for transportation as soon
| after that date as possible. The bonds will
| be accompanied by check for the amount
| of interest due the subscriber from the date
| OF his payment to August l. 1898.
| "Au remittances and other communica-
| tions relative to this loan should be ad-
! dressed to the Secretary Of the Treasury.
| Division OF Loans and Currency. Washing
ton. d. c..
| "All subscriptions must be received at the
treasury department. Washington, D. c.,
| not later than three o'clock p. m. Wedncs-
day. July IA. 1898. No subscriptions re-
| ceived after that date. and hour will be con-
sidered.
'(signed L. ]. GAGE. Secretary"
| A Fatal Collision.