The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-06-21
THE INVESTOR
CONDUCTED By GEO. A. DobIAsoS
OFFICE OF THE HERALD,
LOS ANGELES, June 20, 1898.
1.-THE chief want in life is somebody who
Shall make us do the best we can"


1.-THE chief want in life is somebody who
shall make us do the best we can"
In another column will be found an inter-
esting chart, republished from today's
Express, showing the financial history of
the Los Angeles banks for the past fourteen
years, from compilation made by f. W.
Wood manager of the Los Angeles Railway
company. The chart is ingeniousy con-
structed and is valuable document for
preservation.
The publicity given to the particulars of
the new paper war loan has been very ex-
tensive. The list of circulars put out by the
government includes nine forms. The first
is general prospectus, stating the terms
OF the loan, with pretty full instructions to
subscribers. This has been spread broad
cast through the newspapers, all the press
associations having been glad to telegraph
Its entire text to their patrons In every
part of the Union. The next circular is an
address to newspaper publishers and edi-
tors everywhere, asking for their co-ope-
ration, and inclosing for use in their Jour-
nails a little tract on the subject of United
States bonds, intended to explain to persons
unaccustomed to financial matters the diff
ference between coupon and registered
bonds, the methods of subscription, payment
OF interest, transfer from one class to an
other, ETC. The next is a separate copy of
the same little tract for distribution to an
plicants. The next is circular to bankers
asking for their cooperation and inclosing
large number of prospectuses blank APP
plications, etc., for gratuitous distribution
among their customers A fifth Is a circu-
lar addressed to national banks exclusively
asking for their cooperation, and showing
the wisdom of their awaiting themselves of
the new bonds as security for circulation.
documents six and seven are blank forms
OF subscription. The subscription for more
than $500 is printed on yellow paper, and that
Tor 1000 or less on white. The eighth is a
circular of information, in which the exact
phraseoogy is quoted of the two clauses in
the act of congress providing for the issue
or bonds and certificates of indebtedness.
FINALLY the ninth document Is a circular
letter addressed to postmasters, instructing
them how to act as distributors of informa-
ton, etc., in their communities, and inclos-
ing copies of the various blanks. with par
tculars as to how to make out money orders
for such patrons of their offices as wish to
send their subscription money through that
CHANNEL; it Is signed by Postmaster General
Smith.
The treasury officers have learned a thing
or two from the experience of the civil war
tax period. There will be no more distinc-
lions such as then prevailed between "pro-
prietary" and bank checks" and other va
rieties of stamps in the ordinary stamp tax
schedules. All "a" and "B" stamps will be
INTERCHANGEABLE. value for value. so tina.
the perfumery manufacturer can take the
stamps boughA for'his bottles and clap them
on his checks, or vice versa, the govern
ment's only interest in the transaction being
that the denomination in each instance shall
be high enough.