The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1898-06-22
A NATIONAL LOAN.

and means to meet war expenditures.
Subscriptions will be received at par for
period of twenty-three days, the subscrip-
tiOn being open from this date to 300
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 $40, 800,
$500, and $1,000, and the registered
bonds in denominations of $50, 800,
$500, $1,000, $1,000 and $4,000. They
will be dated August 1, 1893, and by
their terms, will be redeemabe in coin
at the pleasure of the United States after
ten years from the date of their issue,
and due and payable August 1st, 1918.
The bonds will bear interest at the
rate of 3 per cent per annum, payable
quarterly; the interest Oh the coupon
bonds will be paid by means of coupons,
to be detached from the bonds as the in
terest 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 address.
The law authorizing this issue of
bonds provides that in allOtting said
bonds the several subscriptions Of indiv-
iduals shall be first accepted, and the
subscriptions of the lowest amounts shall
be first allotted. In accordance with
that provision allOttments to all individ-
ual subscribers will be made before any
bonds will be allotted to other than in
dividuals. All individual 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 sub
scriptiOn is made. If the total sum sub
scribed for in amounts of $500 or less
should exceed $200,000,00O the allott-
medts will be made according to the
priority of the receipt of the subscript-
ions.
AllOtments on subscriptions for over
$500 will not be made until after the
subscriptions closes, July 14th, 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 subscript-
ions. Persons subscribing for more than
$500 must send in cash or certified
checks to the amount of 2 per cent of the
sum subscribed for, such deposit to con-
stitute partial payment, and to be for
feited to the United States in the event
of failure on the subscribers part to
make full payment for his subscription,
according to the terms of the circular.
AllOtments to subscribers for more than
$500 will be made as soon as possible
after the subscription closes.
In order to avoid too rapid absorption
Of funds into the treasury, with posi-
BILE evil effect on industry and commerce
any subscriber for more than $500 will
be permitted to take his allotment of
bonds in instalments of 20 per cent, TAX
ing the first ins alment within ten days
after the notice of the allotment and the
balance at four equal intervals of forty
days each, in four instalments each of
20 per cent of the bonds allotted. Deliy
cry of bonds will be made in install
ments as payment for them is received,
and payment must in all cases be made
in full as the bonds are taken. The 9
per cent deposit will apply on the final
instalment Any subscriber may pay
for the whole amount allotted 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 install
ments as permitted. Separate subscript,
ions from the individual, although made
from time to time, will be aggregated
and considered as one subscription fol
this issue Of bonds.
The Secretary Of the Treasury will re-
ceive in payment for the bonds pOstOfiict
money orders payable at Washington, D.
G., and checks, bank drafts, and express
money orders collectible in the cities Of
New York. Boston, Philadelphia, Balti
more, Washington, Cincinnati, Chicago
st. Louis. New Orleans, and San Fran
cisco All money orders and bank draft,
must be drawn in favor of the Treasurer
of the United States. The money orders
and bank checks so received will be for
warded for collection by the department
and as soon as returns are obtained tn,
subscriber will be credited with tn,
amount of his subscription as of the dat
of the collections. The Secretary will
also receive in payment for the bond
certificates of deposit issued by the As
sistant Treasurers of the United State
in the abOve-named cities. These Ger
tlfcates Of deposit may be obtained from
any Assistant Treasurer in exchange 70
gold coin, gold certificates, standar
silver dollars, silver certificates, Unite
States Treasury notes, Treasury notes o
1890, and national bank notes; and tn
subscriber will be credited with tn
amount Of his subscription as Of tn
date Of the certificate Of deposit. Tn