The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1898-06-18
THE VAR REVENUE BILL.
The Measure as Finally Enacted BY
Congress Receives the Pres
ident's Signature.
CIRCULAR ISSUED BY SECRETARY GAGE.
Subscriptions Invited from the People to
the Two Hundred Million Dollar Three
Per Cent. Loan-Smsn Bids from Indi
yiduaIs to Receive First Consideration
in Making the Allotment of Bonds.

Per Cent. ~Loan-Sman Bids from Indi.
yiduals to Receive First Consideration
In Making the Allotment of Bonds.
WASHINGTON, June 13.-Immediately
upon receipt of information from the
White House that the war revenue bill
had been signed by the president, Sec
rotary Gage issued the following cir
cular explaining to the public the pro-
posed bond issue:
REAsUR DEPARTMENT,
OFFICE OF THE SECRETARY,
WASHINGTON d. c., June Is, 1893
The secretary OF the treasury invites sub
scriptions from the people Of the United States
for s0O,00O,O0 of the bonds OF the three
per cent loan authorized by the act
OF congress approved June ID, 1895. Sub
scriptionS will be received at par for Q
period of 80 days, the subscription being open
from this date to three o'clock p m on the 14th
day OF July, 1898 The bonds will be-isSued in
both coupon and registered form, the coupon
bonds in denominations OF SO, 300, 800 and
$1,000 and the registered bonds in denomina-
lions Of 40, 800, $500 $1,000, 5000 and $4,000
They will be dated August 1, 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 Au-
gust /, 1918.
AN OA- NAA DCoA nv NHC ASNS u
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 in
tereSt on the registered bonds will be paid by
checks drawnt to the order Of the payees, and
mailed to their addresses.
The law authorizing this issue Of bonds pro-
vides that in a~llotting sa d bonds the several
subscriptions of individuals shall be first ac-
cepted, and the subscriptions Of the lowest
amounts shall be first allotted. In accordance
with that provision allotments to all individ-
ual subscribers will be made before any bonds
will be allotted to other than individuals. All
individual subscriptions for 800 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. II the total sum SUBJ
scribed for in amounts of $500 or less should
exceed 600, 900, 0O0. the allotments will be made
according to the priority Of the receipt 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, ac-
cording to the size Of the subscription, ths
smallest subscription being first allotted, then
the next in size, and so on, preference being
given to Individual subscriptions Per-
sons subscribing for more than $500 must
send in cash or certified checks to the
amount Of two per cont. of the sum
subscribed for, such deposit to constitute q
PARTIAL pdymtHI, III 70 DC lOTIclJcu u Luo
United States in the event of failure on the
part of the subscribers part to make full pay
ment for his subscription, according to the
terms OF the circular. Allotments to sub
scribers for more than $500 will be made as soon
as possible after the subscription closes
In order to avoid a too rapid absorption Of
funds into the treasury, with a possible conse-
quent evil effect on industry and commerce,
any subscriber for more than $500 will be per-
mitted to take his allotment of bonds in in
stallments OF 20 per cent, taking the first in
stallment within ten days after the notice Of
allotment, and the balance at four equal in-
tervals of 40 days each. in p four INSTALL
ments each OF 20 per cent. OF the
bonds allotted. Delivery of bonds will be made
in installments as payment for them is re-
ceived, and payment must in all cases be made
in full as the bonds are taken. The two 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 allotment. In
terest will be adjusted from the time OF
the actual payment, whether paid in one sum
or in installmentS as permitted. Separate sub
scriptionS from one individual, although made
from time to time. will be aggregated and con-
sidered as one subscription.
The secretary Of the treasury will receive
in payment for the bonds, post ofics
money orders payable at Washington.
d. c., and checks, bank drafts and
express money orders collectable in the cities
Of New York, Boston, Philadelphia, Baltimore,
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. Tit
money orders and bank checks so recei we'd will
be forwarded for collection by the department,
and as soon as returns are obtained the sub
scriber will be credited with the amount Of his
subscription as OF the date OF collection.
The SoPratnrv will aIGO roaafra in navnanN
for the bonds certificates Of deposit issued by
the assistant treasurer OF the United States in
the above-named cities. These certificates OF
deposit may be obtained from any assist
ant treasurer in exchange for gold
coin, gold certificates, standard sill
yer dollars, silver certificates, United States
notes, treasury notes of 1890. and national bank
notes, and the subscriber will be credited witk
the amount Of his subscription as OF the date
OF the certificate Of deposit. The secretary
will also receive currency sent by registered
mail or express direct 10 the treasury depart
ment.
For the mutual convenience OF the subscrib-
ers 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 generally, at the several SUBJ
treasures OF the United States, at any money
order post office and at any express ONCE.
The bonds will be dated August 1, 1898, and
they will be delivered to subscribers free of ex.
pense for transportation as soon after that data
as possible. The bonds will be accompanied By
a check for the amount OF interest due the sub
scriber from the date OF his payment to Angus,
I, 1893.
All remittances and other communications
relative to this loan should be addressed to the
secretary ofkhe treasury. division of loans and
currency, Washington, d. c.
All subscriptions must be received at the
treasury department, Washington, D. c., not
later than z n m WaduaSdav Inlu IA 1909
No subscriptions received after that date, how.
ever, will be considered.
L. ]. GAGE, Secretary.
An important feature in floating the
new loan is found in the fact that Sec.
rotary Gage, for all subscriptions oil
$500 and less, will begin the allotment
at once. This fact should be borne il
mind by small investors.