The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-14

effort OF certain Democratic leaders to
make party question OF annexation
has failed utterly. S.si 55
THE BOND ISSUE.
Circular o ofstcretarr Gage Explaining the
Method OF Dfapostnz OF tho Hoids.
Small sub,cribrrs will Iteceive the Firs,
AliotmeNts. ~ z 4. i.5,csJ "a
WASHINGTON. D. C., June 1s.--1m-
medlately upon receipt OF information
from the white house that the war rev.
enue bill had been signed by the Presi-
dent, Secretary Gage to-day issued the
following circular explaining TO the
public the proposed bond Issue: l4J
TREASURY DEPARTMENT,
OFFlCE OF THE SECRETARY y y
a' WASHINGTON. June 10, 1898.
s The secretary OF the treasury invites
subscriptions from the people OF tho
United States for s2Oo,O00,Ooo OF the
bonds OF the 3 per cent loan authorized
by the act OF Congress approved June
1S. 1898. Subscriptions will be received
at par for n period OF thirty-two days,
the subscription being open from this
date to 3 O'clock n. m., on the 18th day
OF July, 1898. The bonds will be issued
In both coupon and registered form, the
coupon bonds In denominations Of $40,
500, $500 and $1,000 and the registered
bonds in denomInatIon OF $40, 500, $500,
$1,000. 5000 and $4,000: They will be
dated August !, 1898. and by their terms
will be redeemable In coin at the pleas
ure OF the United States after ten years
from the date OF their Issue, and due
and payable August /, 1915.
The bonds will bear interest at the
rate OF per cent per annum, payable
quarterly; the interest on the coupon
bonds will be paid by means OF coupons,
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 addresses,
The law authorizing this issue Of
bonds provides that In nllotting said
bonds the several subscriptions OF in
diyiduals shall be first allotted. In &C.
cordance with that provision allotments
" bibAN luutl VIII De
made before any bonds will be allotted
to other than individuals. All indlvid-
ual subscriptions for $500 or less will be
allotted in full as they are received and
such subscriptions must be paid In full
at the time the subscription is made. If
the total sum subscribed for In amounts
OF 5000 or less should exceed $200, ,000. 900
the allotments will be made according
to the priority OF the receipts OF the
subscriptions.
Allotments on subscriptions for over
$500 Will not be made until after the
subscription closes, July Il, and will
then be made inversely according to the
size of the subscription. the smallest
subscription being first allotted, then
the next in size next and so on. prefer
ence being given to Individual subscrip-
tions. II :. s. -
Persons subscribing for more than
$500 must send In cash or certified
checks to the amount OF per cent Of
the sum subscribed for such deposit to
constitute a partial payment. and to be
forfeited to the United States In the
event OF failure on the subscribers part
TO make full payment for his subscrip-
tion, according to the terms OF the cir
,cular. Allotments to subscribers for
more than $500 Will be made as soon as
possible after the subscription closes.
In order to avoid too rapid absorp-
ton OF funds into the treasury, with a
possible consequent evil effect on in
dustry and commerce, any subscriber
for more than $500 will be permitted to
take his allotment OF bonds In install
ments of 20 per cent, taking the first in
stallment within ten dnys after the no.
tlce OF the allotment, and the balance at
four equal Intervals Of forty days each,
In four installments each OF 20 per cent
OF the bonds allotted. Delivery Of bonds
will be made In instalments as payment
for them received and payment must in
all cases be made In full as the bonds
are taken. The per cent deposit will
apply on the final installment Any
subscriber may pay for the whole
amount allotted him within ten days
from the date Of the notice OF his allot-
ment. Interest will be adjusted from
the time Of the actual payment, wheth-
er paid In one sum or in installments as
permitted. Separate subscriptions from
one individual although made from time
to time will be aggregated and consid-
cred as one subscription.
The secretary OF the treasury will re-
ccive In payment for the bonds postof-
fee money orders, payable at Washing
ton, D. c., and. checks, bank drafts, and
express money orders collectible In the
cities OF New York, Boston, Philadel-
phia, Baltimore. Washington, Clncln-
natl. Chicago. st. Louis, New Orleans
and San Francisco. AL money orders
and bank drafts must be drawn In IA
vor OF the United States. The money
orders and bank checks so received will
be forwarded for collection by the de-
partment and as soon as returns are
obtained the subscriber will be credited
with the amount OF his subscription as
OF the date of collection. The secretary
will also receive IN payment for the
bonds certificates OF deposit Issued by
the assistant treasurcrs Of the United
States IN the above-named cities. These
certificates Of deposit may be obtained
from any assistant treasurer in ex-
change for gold coin, gold certificates,
standard silver dollars. silver certlh-
Gates, United States notes, treasury
notes of 1890. and national bank notes:
and the subscriber will be credited with
the amount OF his subscription as OF the
date OF the certificate Of deposit. The
secretary will also receiye currency sent
By registered mall or by express direct
to the treasury department.
For the mutual convenience OF the
subscribers and the department. blank
form OF letter to accompany remit
tances has been prepared and It may be
obtained az the Offices of National and
state banks generally at the several
sub-trcasuries of the United States, at |
any money order postofllce, and at nny
express office.