The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1898-06-17

signed the war revenue bill this after
moor at 3:01 o'clock.
Immediately upon receipt of infOr-
nation from the White house that the
wal revenue bill had been singned by
the president, Secretary Gage issued
the following circular explaining to
the public the proposed bond issue:
Treasury Department,
washington, D. c., jun IL, 1898.
The secretary of the treasury in
Vites subscriptions from the people of
the United States for 5000, 900, 900 of the
bonds of the 3 per cent. loan authoriz-
ed by the act of congress approved
June 10, 1898. subscriptions will be re-
celved at par for a period of thirty
four days, the subscription being open
from this date to 3 o'clock p. m, on the
14th day Of July, 1898. Bonds will be
issued in both coupon and registered
form. the upon bonds IN denomina-
tions Of $40, 500, $500 and 81, 900, and
the registered bonds in denominations
of $50, 500, $500, 81, 900, $1,000 and s1O,-
900. They will be dated August 1, 1895.
and, by their terms will be redeemable
LII Oll dI IIe pleasure OIL the United
States after ten years from the date
of their issue, and payable August /.
1918.
The bonds will Dear interest at the
rate of 3 per cent. per annum, payable
quarterly; the interest on the coupon
bonds will be paid by means of cOu-
pons, 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 ad-
dresses.
THE law authorizing this issue of
bonds provides that in allotting said
bonds, the several subscriptions Of in
dividuals shall be first accepted, and
the subscriptions of the lowest
amounts shall be first allotted In ac-
cordance with that provision allot-
ments to al Individual subscribers
1n>6e made before <1e
allotted to other than individuals. All
individual subscriptions for $500 or less
will be allotted in full as they are re-
CeiVed and such subscriptions must
be paid in full at the time the sub
sCriptiOn is made. If the total sum
subscribed for in amounts of $500 or
less exceed 5000, 000, 900 the allotment
will be made according to the priority
of the receipt of the subscription. AL
lotments for over $500 will not be made
until after the subscription closes,
July 14th, and will then be made in
VerseIy according to the size of the
subscription the smallest subscription
being first allotted, then the ne. in
size next, and so on, preference being
given to individual subscriptions. Per-
IONS subscribing for more than $500
must send in cash or certified checks
to the amount of 2 per cent. of the sum
- l. -A~1-H
tute a 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 subscrib-
ers for more than $500 will be made as
soon as possible after the subscription
closes,
I'm order to avoid a too rapid absorb
ton of funds into the treasury, with a
possible consequent effect on industry
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
instc. lent within ten days after the
notice 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. The
- per CtIl uepOSII Will apply Ol III
final installment. Any subscriber
may pay for the whole amount allot-
ted him with 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 installments as permitted. Sep
arate subscriptions from one individu-
al, although made from time to time,
will be aggregated and considered as
one subscription.
1.-THE secretary of the treasury will
receive in payment for the bonds post
office money orders payable at Wash
ington, D. c., n checks, a drafts,
and express money riders collectible in
the cities of New York, Boston, Phila-
delphia, Baltimore. Washington, Gin
%cinnati, Chicago, ST. Louis, New Or
leans 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 bank
checks so received 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 secretary will also re-
ceiVe in payment for the bonds GER
tificates of deposit issued by the assist
ant treasurer Of the United States in
the above named cities. These certif-
Gates of deposit may be obtained from
any a~sSistane treasurer in exchange for
gold coin, bold certificates, standard sill
ver dollars, silver certificates, United
States notes, treasury notes of 1890 and
national ank notes, and the subscriber
will be credited with the amount of it's
subscription asof the date of the certifi-
cate of deposit. The secretary will also
receive currency sent by registered mail
or by express direct to the treasury de-
partment.
"For the mutual convenience of the
subscriber and the department, a blank
form of letter to accompany remit
tances has been prepared, and it may
be obtained at the offices of national
and state banks generally, at the sew