Tazewell Republican. [volume] (Tazewell, Va.) 1892-1919, 1898-06-23
TREASURY DEPARTMENT,
Washington, D. c., Iune 10, 1898.


to meet war expenditures. Subscriptions
will be received at par for period OF
thirty-two days, the subscription being
open from this date to 3 o'clock p. m. on
the 18th day of July, 1898. The bonds
will be issued in both coupon and regis
tered form, the coupon bonds in denoml'
nations of $50, 500, $500, and 81 900 ,Iand
the registered bonds in denominations of
$40, 500, $500, 81 900 $1,000, and $lo,-
COO. They will be dated August /, 1898,
and by their terms, will be redeemable in
coin at the pleasure of the United States
after ten years from the date of their issue,
and due and payable August |, 1918.
The bonds will bear interest at the rate
of 8 per cent per annum, payable quarterly;
the interest on the coupon bonds will be
paid by means of coupons, to be detached
fIom 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 allotting said bonds the
several subscriptions Of individuals shall
be first accepted, and the subscriptions OF
the lowest amounts shall be first allotted.
In accordance with that provision. allot-
ments to all individual subscribers will be
made before any bonds will be allotted to
other than individuals. All individual
subscriptions for $500 or less will be allot-
ted 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
$500 or less should exceed 5000, 00O, 900
the allottments will be made according to
the priority of the receipt Of the subscrip-
tons.
Allotments on subscriptions for over
$500 will not be made until after the sub
scription 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, preference being given to
individual subscriptions. Persons sub
scribing for more than $500 must send in
cash or certified checks to the amount Of 2
: per cent of the sum subscribed for, such
S desposit 10 constitute 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 sub
) scription, according to the terms of the
h circular. Allotments to subscribers for
e 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
n consequent evil effect on industry and
j commerce, any subscriber for more than
$500 will be permitted to take his allot-
ment of bonds into instalments of 20 per
cent, taking the first instalment within ten
DAYS after the notice of the allotment, and
the balance at four equal intervals of forty
DAYS each, II four instruments each of %
pei cent of the bonds allotted. Delivery
of bonds will be made in instruments as
payment for them is received, and pay
ment must in all cases be made in full as
the bonds are taken. The 2 per cent de-
:. post 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 this allotment.
Interest will be adjusted from the time o.
r, the actual payment, whether paid in one
sum or in instruments as permitted. Sep
arate subscriptions from one individual,
although made from time to time, will be
aggregated and considered as one sub
scription for this issue of bonds.
The Secretary of the Treasury will re.
ceive in payment for the bonds post-oflice
money orders payable at Washington, D.
c., and checks, bank drafts, and express
:, money orders colectibIe in the cities Of
New York, Boston, Philadelphia, Balti-
more, Washington, Cincinnati, Chicago,
:. St. Louis, New Orleans, and San Francisco.
All money orders and bank checks must
= be drawn in favor of the Treasurer of the
r r 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 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 Treasurers of the United
States in the above-named cities. These
certificates of deposit may be obtained
from any Assistant Treasurer in exchange
, for gold coin, gold certificates, standard
silver dollars, silver certificates, 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
ofdeposit. The Secretary will also receive
e currency sent by registered mail or by ex-
t press direct to the Treasury Department.
For the mutual convenience of the sub
s scribers and the Department, a blank form
= ofletter to accompany remittances has
been prepared, and it may be obtain ed
j, the offices Of national and state banks
generally, at the several subtreasuries Of
the United States, at any money-order
post office, and at any express Office.
The bonds will be dated August l, 1898,
and they will be forwarded to subscribers
y at the address designated by them free Of
expense for transportation as soon after
that date as possible. The bonds will be